Unarguably, Exness is regarded as one of the best forex markets in South Africa. Still, various people want to know whether it is legit or a scam because they are afraid of losing their hard-earned money. We believe it is highly significant to do proper research before opening an account because some forex traders in the market are scamming and depriving people of their money.
So, if you want to prevent such fraud brokers, give some time to research and market analysis. But you will be pleased to know that the broker we will review today is an award-winning company and their customers are extremely satisfied with their offerings and services. If you want to know more about Exness, delve into the article.
What is Exness?
Exness is one of the leading forex brokers in South Africa, and it was established back in 2008. Additionally, they have a brokerage licence in various countries like South Africa, Cyprus, the United Kingdom, Seychelles, Curacao and BVI.
It is pertinent to mention here that Exness is authorized by many reputable regulatory bodies, for instance, FSC, FSA, FCA. In 2020, they got the prestigious SA Shares award as South Africa’s rapidly growing broker. Exness provides reliable and comfortable brokerage services and ensures to give a comfortable trading environment for their clients.
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Pros and Cons of Exness
In this part of the article, we will discuss the ups and downsides of the Exness.
Merits
- The funds of the customers are kept in separate accounts
- Numerous trading platforms and more than 130 currency pairs
- Have dealing desk
- Tight spreads
- Highly Regulated
But it’s not regarded as a legally binding With Online Signature.
Demerits
- Unavailability of multi-currency accounts
Fees
Fees charged by Exness depends on the account type you have chosen. Pro and Standard accounts do not ask for fees. On the other hand, in the case of a Raw account, you will have to pay a commission fee of up to $3.5. Furthermore, the Zero Account also has a fee of $3.5.
Customer Support
You can contact the Exness support team via Email or by telephone. Additionally, the customers can video call them for discussing any queries. You can communicate with them in fourteen languages. But keep in mind that sometimes a few languages are not available.
Education
Exness offers multiple education tools, including Glossary, Webinars, and most importantly, their Exness academy provides essential information to their clients. The webinars conducted by the Exness are scheduled ahead of time, and they announce it on their platforms.
Moreover, Exness also provides trending news related to the forex market. It greatly assists beginners and experts in keeping updated about the market trends, and it can surely help them make better decisions.
Market Instruments
Before joining a forex broker, most of the clients want to know the market instruments. Exness allows trading in Cryptocurrencies, Stocks, Energies and Indices.
Final Thoughts
Well, that is all from our side. We hope that this review will assist you in learning various things about the Exness. Forex trading has gained immense popularity, and the bulk of people are attracted to it. But as a beginner, one should be careful when it comes to choosing the trading platform.
