How safe is Exness broker? (2024)

How safe is Exness broker?

Exness offers traders a safe and reliable environment because it is governed by strong regulatory standards. This dedication to adhering to regulations gives traders confidence and promotes an environment that is open and accountable for trading.

Can I trust Exness?

Yes, Exness is considered a trustworthy broker with a long-standing reputation in the Forex market. It operates legally in over 130 countries and holds licenses from multiple regulatory authorities.

How risky is Exness?

No, Exness is not a scam. Exness is a reputable online multi-asset broker established in 2008 and officially registered and regulated by various financial authorities across the globe.

Which broker is better than Exness?

Best Broker Alternatives for Exness

Interactive Brokers - 9.9/10 Overall. Saxo Bank - 9.7/10 Overall. CMC Markets - 9.6/10 Overall. FOREX.com - 9.4/10 Overall.

Who is behind Exness?

Petr Valov, Founder and CEO, Exness

Now, 15 years later, we stand as the largest retail broker in the world. With over 700,000 active traders, more than 64k partners, and a monthly trading volume of up to $4.8 trillion USD, we've achieved the exceptional.

What are the disadvantages of Exness?

Lack of 24-hour Customer Service Platform - One drawback of Exness may be its limited 24-hour customer service platform, which immediately limits response to urgent concerns.

Can Americans use Exness?

Regional restrictions. Exness Group does not provide services to residents of several jurisdictions, including the USA.

Is Exness banned?

Exness' Regulation in India

As of my last knowledge update in September 2021, Exness does not have specific regulatory approval from SEBI to operate as a broker in India.

Is Exness a US regulated broker?

Exness is regulated by two prominent regulatory bodies - the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) of Seychelles. Both these regulatory bodies are renowned for their stringent regulations and oversight in the financial industry.

Is it easy to withdraw from Exness?

On Exness' side all withdrawal requests are processed instantly. Your withdrawal request is then sent to our card processors and your bank, and the whole process can take from 1 to 30 business days for the funds to be reflected in your bank account depending on the bank and country you are located in.

Is Exness a verified broker?

2. Compliance: Regulatory authorities require financial institutions, including brokers like Exness, to verify the identity of their clients. This ensures that the platform is not being used for illegal activities such as money laundering.

Is Exness a Nigerian broker?

Exness is from Cyprus. It was founded in 2008 and is headquartered in Limassol, Cyprus. Exness started its operations with a vision to provide transparent and reliable trading services to traders worldwide. Over the years, it has grown to become one of the leading forex brokers in the industry.

Why is Exness the best?

Exness is the best broker to trade with due to its wide range of instruments, competitive spreads, reliable trading platforms, fast trade execution, security and regulation, customer support, educational resources, analysis tools, and multilingual trading support.

Which bank does Exness use?

In conclusion, using Capitec Bank for depositing funds to EXNESS offers a convenient and secure option for traders. With its fast transactions, low fees, and user-friendly interface, it has become a popular choice among South African traders.

Why was Exness removed from Play Store?

Why can't I find the Exness Trade app in Apple App Store or Google Play Store? If you are unable to find the Exness Trade app in the Apple App or Google Play Store, it is possible we, unfortunately, do not accept clients from your country of residence.

Why can't I withdraw from my Exness account?

Common Exness Withdrawal Errors

Make sure you have sufficient funds in your account before making a withdrawal request. "Invalid Payment Method" error: This error occurs when you attempt to withdraw funds through a payment method that is not registered in your account.

Why is Exness banned in Malaysia?

Suspicion of fraudulent activities. The ban on Exness in Malaysia also stems from allegations and controversies surrounding the platform. Fraudulent activities, such as market manipulation or unfair trading practices, undermine the integrity of the financial market.

What is Exness ranked in the world?

exness.com Ranking by Traffic

Website ranking helps evaluate the value of a business. Over the last three months, exness.com's global ranking has increased from 2,866 to 2,967.

How does Exness make profit?

As a broker, Exness generates revenue through spreads and commissions. The company also earns from swap fees, which are charged for holding positions overnight. Additionally, Exness may earn from markups on certain account types, such as the Zero Account.

How long does Exness withdrawal take?

Withdrawal processing time

Withdrawal processing can take from a few seconds to 24 hours (when using electronic payment methods). We have a detailed article all about payments that is encouraged for you to read.

Which countries does Exness not accept clients from?

What countries are regulated by Exness?

Can I trade with $1 on Exness?

Account Types on Exness

The Standard Cent account is the most suitable for trading with $1, as it allows for micro-lot trading and has a low minimum deposit requirement. Traders can also choose to open a Standard account with a minimum deposit of $50 and trade with mini-lots, which are 1/10th of a standard lot.

Why can't i trade on Exness?

Complete your Exness account verification; unverified accounts have restrictions placed on them that include disabled trading 30 days after a first-time deposit. In this case the trading terminal will display an error message. Follow the link to learn how to fully verify your Exness profile.

Does Exness have boom and crash?

Exness offers a wide range of financial instruments for traders to choose from, including major currency pairs, commodities, and indices. This diversity allows for ample opportunities to trade boom and crash patterns across different markets.