EXNESS GROUP scam ?

The trading volume at the beginning of 2019, according to the company, is $ 317.3 billion. The company's website is quite pleasant and informative. It is worth noting the excellent localization - the information provided is fully available in Russian. Provides daily NYSE financial news videos and trading recommendations.

There are 4 types of accounts - Сent, Mini, Classic, ECN. You can start trading on Sent and Mini accounts even with $ 1, which is suitable for clients who do not have large funds and who also want to test their strategy. For traders with a deposit of $ 2000 or more, Classic accounts are available, with min. by lot 0.1 and spread from 0.1 pip. In addition, transactions on these accounts, by the dealer's decision, can be displayed on the interbank market. The leverage for all three account types is 1: Unlimited. However, leverage is limited before weekends and holidays, as well as during the publication of economic news at the "High" level. To open an ECN account, $ 300 is enough. There is a commission, but transactions are displayed on the interbank market.

An interesting feature of the company is metal-currency accounts, which are an investment portfolio consisting of one or more precious metals and / or currencies. The distribution of funds between these parts supposedly allows diversifying risks and can become a source of long-term investment income.

Registration

Registration is fast, via email. Then, in your personal account, you will need to confirm the phone number, enter your personal data, and provide copies of documents confirming your identity and place of residence. The client agreement is written in English, which makes it difficult to read.

Trading interface

Clients are provided with a standard set of trading platforms: MT4, MT5 and WebTerminal. There are mobile platforms for IOS and Android. WebTerminal has a very meager set of analysis functions and is only suitable for opening and closing transactions if there is no full-fledged trading platform at hand. The declared order execution speed is from 0.1 sec. In practice, the numbers varied slightly upward depending on market conditions and Internet connection speed. Those who want to increase the speed can connect a VPS server for free, subject to an initial deposit of $ 500 or more. The spread is floating, it can expand significantly with high volatility, which should be taken into account by scalpers and those who like to trade on the news.

Safety

Exness (Cy) Ltd. Regulated by the UK Financial Conduct Authority (FCA) registration number 730729; Exness (Cy) Ltd. - Cyprus Securities and Exchange Commission (CySEC), license number 178/12; Exness (VC) Ltd. - not regulated.

For security purposes, customer funds are held in segregated accounts. At present, Exness' servicing banks include: Barclays, Baltikums, OСBS Bank. Each time we requested a withdrawal, changed the password, security type or leverage, we were sent a one-time security code to our phone. If an unauthorized login attempts from an unknown IP address, the password is automatically reset.

Deposit and withdrawal of funds

Replenishment of the account is possible in 80 currencies of the world using a bank card, YandexMoney, WebMoney, Qiwi, Sberbank, etc. Replenishment and withdrawal to most EPS is carried out instantly without commissions, withdrawal to the card takes 3-5 days on average according to the regulations.

Support service

Customer support is provided in 15 languages, including Russian. Working hours of the Russian-language support Mon-Fri, 08: 00-02: 00 MSK in the 24/5 mode. You can contact technical support in many ways: online chat, Viber, WhatsApp, Telegram, VK, as well as by a free number. We did not have any complaints about the support staff. The guys are polite and try to help.

Conclusion

Exness is an international brand that provides quality service. Tight spreads, high speed of order execution, fast deposits and withdrawals without commissions are a good help for opening an account with this broker. However, for experienced traders, the choice of trading instruments may seem insufficient.

Kuantyay Sabaaymi

Kuantyay Sabaaymi was born in Phuket, Thailand. Graduated International Business the executives at the University of the Thai Chamber of Commerce. Over the past three years he served as a Financial Analyst, where he was answerable for study, ordering and research of monetary data and accounting reports. The other job was to make, keep up and give and monetary detailing and examination.

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