
Exness Review
Overall, Exness is very competitive in terms of its trading fees and spreads. Exness Nigeria is a multi-regulated forex broker headquartered in Cyprus. Exness is regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA. Exness is currently not regulated by the CBN.

- Louis Schoeman
Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Exness Review – 22 key points quick overview:
Exness Overview
Overall, Exness is a low-risk CFD and Forex broker with multiple regulations and authorization. Exness not only offers dynamic and flexible account types but offers some of the best trading conditions in the industry. Exness is proud to have physical offices in Nigeria.
Exness, founded in 2008, quickly rose to a monthly trading volume of over $180 billion and 15,000 new accounts registered each month by 2014. Exness traders now have access to over 200 financial products, several retail account types, and many resources.
Exness is one of the most popular brokers even though it is not yet regulated by the Capital Markets Authority (CMA) in Nigeria.
The Exness Group’s website has been translated into 18 languages, and customer service is provided 24 hours a day, seven days a week in 13 different languages.
Additionally, users have access to leverage, which may significantly reduce margin needs and allow for more flexible management of trading methods. Another benefit of Exness is that traders can withdraw cash instantly using a variety of electronic payment channels, giving traders complete control over their funds.
This Exness review will provide Nigerian traders with the comprehensive details that they need to consider whether the broker is suited towards their unique trading objectives and needs.
Distribution of Traders
The distribution of traders with Exness is as follows:
️ Thailand – 44%
️ Vietnam – 26.5%
️ South Africa – 9.2%
️ India – 6.7%
️ Saudi Arabia – 2.4%
Popularity among traders who choose Exness
While Exness does not visibly have a large market share in Nigeria, many Nigerian traders make use of this innovative, reputable Forex and CFD broker, placing it firmly in the Top 10 brokers for Nigerian traders.
Exness at Glance:
🏛️ Headquartered | Cyprus, with offices in United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao |
🏛️ Nigerian Based Office | No |
👍 Accepts Nigerian Traders? | Yes |
📅 Year Founded | 2008 |
📱 Nigerian Office Contact Number | None |
⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, Seychelles |
🔎License Number | Seychelles – SD025 Curaçao – 0003LSI British Virgin Islands – SIBA/L/20/1133 Mauritius – GB20025294 South Africa – FSP 51024 Cyprus – 178/12 United Kingdom – 730729 |
⚖️ CBN Regulation | None |
✴️ Regional Restrictions | The United States |
☪️ Islamic Account | Yes |
📈 Demo Account | Yes |
📈 Retail Investor Accounts | 5 |
🚀 Offers a Nigerian Account? | Yes |
💻 Dedicated Nigerian Account Manager? | Yes |
📈 Maximum Leverage | Unlimited |
📈 Leverage Restrictions for Nigeria? | No |
💳 Minimum Deposit (₦) | 41,000 (or equivalent to $10) |
💳 Nigerian Naira Deposits Allowed? | Yes |
💰 Active Nigerian Trader Stats | 1.3 million |
👥 Active Nigerian-based Exness customers | 1,000+ |
💰 Nigeria Daily Forex Turnover | $1.25 million+ |
💳 Deposit and Withdrawal Options | Bitcoin Debit Card Credit Card Internet Banking Skrill Neteller Perfect Money Tether (USDT OMNI) WebMoney Mybux Ozow |
💰 Segregated Accounts with Nigerian Banks? | Yes |
💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
💰 Tradable Assets | Forex Metals Crypto Energies Indices Stocks |
🌐 Offers USD/NGN currency pair? | No |
🌐 USD/NGN Average Spread | N/A |
📈 Offers Nigerian Stocks and CFDs | No |
👨💼 Languages supported on Website | English, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi |
👥 Customer Support Languages | Multilingual |
👥 Customer Service Hours | 24/7 |
👥 Nigerian-based customer support? | No |
💰 Bonuses and Promotions for Nigerians | None |
✴️ Education for Nigerian beginners | No |
📊 Proprietary trading software | Yes |
💰 Most Successful Nigerian Trader | Uche Paragon ($20 million net worth) |
✔️ Is Exness a safe broker for Nigerians? | Yes |
✔️ Rating for Exness Nigeria | 8/10 |
✔️ Trust score for Exness Nigeria | 97% |
👉 Open an account | 👉 Open Account |
Exness Regulation and Safety of Funds
Exness Regulation in Nigeria
While Exness does not hold local licenses or authorization to provide derivatives trading in Nigerian, Exness is a safe and reputable broker.
Exness Global Regulations
Exness is a globally-based, multi-regulated broker and business that operates through several global entities with regulations and authorization as follows:
The Financial Services Authority (FSA) in Seychelles oversees and regulates Nymstar Limited under license number SD025, with the entity known as a reputable Securities Dealer in the region.
The Central Bank of Curacao and Sint Maarten (CBCS) in Curacao regulates and authorizes Exness B.V as a Securities Intermediary. Exness B.V operates under license number 0003LSI, and it provides services to persons and territories outside the European Economic Area (EEA).
Exness VG Limited is approved and regulated by the Financial Services Commission (FSC) of the British Virgin Islands, with registration number 2032226 and license number SIBA/L/20/1115.
The Financial Services Commission (FSC) of Mauritius authorizes and regulates Tortelo Limited under registration number 176967, with the subsequent license number GB20025294. Tortelo Limited identifies it as an Investment Dealer or Full-Service Dealer excluding underwriting.
Vlerizo (Pty) Limited is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa as a genuine and reputable Financial Services Provider (FSP) with license number 51024.
Under license number 178/12, the Cyprus Securities and Exchange Commission (CySEC) regulates and authorizes Exness (Cy) Ltd.
In the United Kingdom, Exness (UK) Limited is licensed as well as overseen by one of the most demanding market regulators today namely the Financial Conduct Authority (FCA). Exness (UK) Limited operates under Financial Services Register number 730729 to operate as an Investment Firm.
Exness Client Fund Security and Safety Features
Exness maintains all customer monies in segregated accounts at top-tier institutions in all locations where the broker provides services.
Exness is furthermore a member of the Financial Commission. The Financial Commission is responsible for resolving disputes in the financial services sector, with a particular emphasis on the foreign currency market.
The Financial Commission offers a variety of services, including a compensation fund that might be seen as an insurance policy for the clients of its members, including Exness. The Financial Commission’s coverage per customer is up to €20,000.
Min Deposit
USD 10 / 4145 NGN
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Account Types and Features
Both Standard Accounts and Professional Accounts are offered by Exness. Traders with varying degrees of trading expertise and distinct trading styles will find a variety of account choices in these two categories.
Exness offers a variety of live trading accounts, including:
➡️ Standard Account
➡️ Standard Cent Account
➡️ Raw Spread Account
➡️ Zero Account
➡️ Pro Account
Live Trading Accounts
Standard Account
Standard Accounts are suitable for all traders, regardless of their level of experience, talent, or trading style. They are the most common form of account offered by most forex and CFD brokers.
👉 This account has the following characteristics.
📈 Account Feature | 📈 Value |
💰 Account Base Currencies | EUR and USD |
💳 Minimum Deposit | 400 Nigerian Naira equivalent to $1 |
💳 Maximum Deposit Amount | None |
📊 Average spreads | From 0.0 pips |
📊 Commissions | From 0.03% to 0.07% |
✴️ Maximum Trade Volume | 10,000 lots |
✴️ Leverage Ratios | Between 1:1 and up to 1:1000 |
📈 Margin for Locks | 25% |
📈 Margin Call | 30% |
⚖️ Stop-out | 10% |
⚖️ Order Execution | Instant |
Standard Cent Account
This account is ideal for novice traders who want to get a taste of the market but are not ready to put their money at risk. Also suitable for skilled traders who want to test their trading techniques in actual market circumstances without the danger of loss, this account is the best option.
📈 Account Feature | 📈 Value |
💰 Account Base Currencies | EUR and USD |
💳 Minimum Deposit | 400 Nigerian Naira equivalent to $1 |
💳 Maximum Deposit Amount | None |
📊 Average spreads | Between 3 to 7 pips |
📊 Commissions | None |
✴️ Maximum Trade Volume | 10,000 lots |
✴️ Leverage Ratios | Between 1:1 and up to 1:1000 |
📈 Margin for Locks | 25% |
📈 Margin Call | 30% |
⚖️ Stop-out | 10% |
⚖️ Order Execution | Instant |
Raw Spread Account
Scalpers, day traders, and algorithmic traders can benefit from this account type, which offers competitive and low spreads.
📈 Account Feature | 📈 Value |
💰 Account Base Currencies | EUR and USD |
💳 Minimum Deposit | 400 Nigerian Naira equivalent to $1 |
💳 Maximum Deposit Amount | None |
📊 Average spreads | 0.0 pips |
📊 Commissions | From 0.03% to 0.07% |
✴️ Maximum Trade Volume | 10,000 lots |
✴️ Leverage Ratios | Between 1:1 and up to 1:1000 |
📈 Margin for Locks | 25% |
📈 Margin Call | 30% |
⚖️ Stop-out | 10% |
⚖️ Order Execution | Instant |
Zero Account
Market execution is guaranteed with no requotes and the narrowest spreads and lowest commissions are provided by the Zero Account.
Account Feature | Value |
💳 Minimum Deposit Requirement | 208,100 Nigerian Naira |
📈 Spreads | Variable, from 0.0 pips |
💰 Commission Charges | From $0.1 per side, per lot |
📈 Maximum Leverage offered | Unlimited leverage |
📊 Instruments Available | Forex, metals, cryptocurrencies, energies, stocks, indices |
📊 Minimum lot size | 0.01 lot |
📈 Maximum Lot Size | 200 lots from 7 am to 8h59 pm (GMT +0) 20 lots from 9 pm to 6h59 am (GMT +0) |
📈 Maximum positions | Unlimited |
✴️ Hedged Margin (%) | 0 |
✴️ Margin Call (%) | 30 |
🔎 Stop-out Level (%) | 0 |
📊 Order Execution | Market Execution |
☪️ Islamic Account | Yes |
Pro Account
👉 The Professional Account is reserved for traders with the most advanced knowledge of financial markets.
Account Feature | Value |
💳 Minimum Deposit Requirement | 208,100 Nigerian Naira |
📈 Spreads | Variable, from 0.1 pips |
💰 Commission Charges | None |
📈 Maximum Leverage offered | Unlimited leverage |
📊 Instruments Available | Forex, metals, cryptocurrencies, energies, stocks, indices |
📊 Minimum lot size | 0.01 lot |
📈 Maximum Lot Size | 200 lots from 7 am to 8h59 pm (GMT +0) 20 lots from 9 pm to 6h59 am (GMT +0) |
📈 Maximum positions | Unlimited |
✴️ Hedged Margin (%) | 0 |
✴️ Margin Call (%) | 30 |
🔎 Stop-out Level (%) | 0 |
📊 Order Execution | Instant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies |
☪️ Islamic Account | Yes |
Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and Exness offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
Traders of all levels of expertise regardless of their trading goals may engage in several financial markets without risking exposure to various forms of interest thanks to Exness’ Islamic Account option. During account registration, Muslim traders who reside in Islamic countries will automatically be given the Swap-Free account.
Min Deposit
USD 10 / 4145 NGN
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Account Registration
Traders can open an Exness account by completing the online registration and validating their personal information. To maintain a secure trading environment for all traders, Exness has implemented a Know Your Client (KYC) procedure in which traders must present evidence of their identity and proof of domicile.
Once traders have completed this process, they can fund the trading account with the minimum deposit requirement before they can begin trading.
Exness Vs CM Trading Vs Tickmill – Broker Comparison
Exness | CM Trading | Tickmill | |
⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | FSA, FSCA | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
📱 Trading Platform | MetaTrader 4 MetaTrader 5 | MetaTrader 4 CM Trading Web CopyKat Expert Advisors Trading Apps | MetaTrader 4 MetaTrader 5 |
💰 Withdrawal Fee | No | Yes | No |
📊 Demo Account | Yes | Yes | Yes |
📈 Minimum Deposit | 4,100 NGN | 4,1700 NGN | 4,1700 NGN |
📈 Leverage | Unlimited | 1:200 | 1:200 |
📊 Spread | Variable, from 0.0 pips | Fixed, from 0.9 pips | Fixed, from 0.0 pips |
💰 Commissions | From $0.1 per side, per lot | None | $1 per side per 100,000 traded |
✴️ Margin Call/Stop-Out | 60%/0% | From 20% | 100%/30% |
✴️ Order Execution | Market | Market | Market |
💳 No-Deposit Bonus | No | No | Yes |
📊 Cent Accounts | Yes | No | No |
📈 Account Types | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account | Bronze Account Silver Account Gold Account Premium Account | Pro Account Classic Account VIP Account |
⚖️ CBN Regulation | No | No | No |
💳 NGN Deposits | Yes | Yes | No |
📊 Nigerian Naira Account | No | No | No |
👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
📊 Retail Investor Accounts | 5 | 4 | 3 |
☪️ Islamic Account | Yes | Yes | Yes |
Trading Platforms
👉 Exness offers Nigerian traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Terminal
➡️ Exness Trader app
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
👉 Exness lets Nigerian traders trade in a way that suits their unique trading style on MetaTrader 4. Instant Execution and Market Execution are two execution options available when trading CFDs. Regardless of the intricacy of the trading strategy, Nigerians can trade their preferred financial products seamlessly through the desktop terminal of MetaTrader 4.
👉 MetaTrader 5 has a specific MetaEditor tool for developing trading robots and technical indicators. Due to the tool’s integration with the platform, new programs will appear automatically in MetaTrader 5 and can be run immediately. Some of the features of the Exness MetaTrader 5 desktop platform include:
➡️ Access to a range of tradable instruments
➡️ Spreads from as low as 0.0 pips
➡️ 21 timeframes along with 3 chart types
➡️ Different order types
➡️ A comprehensive hedging system
➡️ 38 built-in indicators, and more.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Terminal
👉 Nigerian traders of all skill levels can invest in the financial markets thanks to the terminal’s numerous tools, which include flexible trading systems, algorithmic trading, and mobile trading. As a component of Exness’ MetaTrader 4 WebTrader, these essential features assist Nigerians to identify entry and exit locations, as well as recognise market trends.
👉 MetaTrader 5 WebTrader offers an array of trading tools, including fundamental and technical research, trading signals, and algorithmic trades, which are available on the platform. Nigeria Investors can stay on top of the markets by listening to live broadcasts of financial news updates.
👉 Expert Advisors be used to automate trading on the Exness MT5 platform by analysing market quotations and executing trades on the financial markets.
👉 With an easy-to-use interface and the latest charting technologies, the Exness Terminal provides traders with an all-around trading experience. The terminal has more than 50 drawing tools and more than 100 indicators for active traders.
👉 TradingView provides the charts on the proprietary Exness Terminal, which was developed by Exness’ inventive programmers and designers. In addition, the Exness Terminal is an HTML 5 online software that is dependable, quick, and user-friendly.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Trader app
👉 The Exness MetaTrader 4 and 5 trading terminals are not limited to desktop computers running Windows, macOS, or Linux. Traders with hectic schedules can trade while they are on the move thanks to the mobile trading feature on iOS and Android smartphones and tablets.
👉 With access to most of MetaTrader 4 and MetaTrader 5’s vital components, such as trading orders, interactive charts, and popular analytical tools, Nigerian traders can monitor their trading account and conduct mobile trading with a single click. Additionally, these iOS and Android mobile apps allow traders to get push alerts and communicate with other traders.
👉 With Exness Trader, Nigerians can trade with confidence from any location. Traders can take advantage of quick deposits and withdrawals, as well as on-demand customer service when choosing from more than 200 instruments.
👉 Nigerians will find that it is easy to get started with the Exness Trader platform since it includes all the necessities, such as candlesticks, indicators, and tools for computation. The Exness trading app is the ideal place to find CFDs on everything from FX to gold to oil to indices.
👉 In addition, another benefit is that traders can effortlessly switch between different charts and keep an eye on all trading transactions.
Range of Markets
👉 The range of markets that Exness offers include the following:
➡️ Forex
➡️ Metals
➡️ Crypto
➡️ Energies
➡️ Indices
➡️ Stocks
Broker Comparison for Range of Markets
Exness | CM Trading | Tickmill | |
⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | FSA, FSCA | Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA |
📱 Trading Platform | MetaTrader 4 MetaTrader 5 | MetaTrader 4 CM Trading Web CopyKat Expert Advisors Trading Apps | MetaTrader 4 MetaTrader 5 |
💰 Withdrawal Fee | No | Yes | No |
📊 Demo Account | Yes | Yes | Yes |
📈 Minimum Deposit | 4,100 NGN | 4,1700 NGN | 4,1700 NGN |
📈 Leverage | Unlimited | 1:200 | 1:200 |
📊 Spread | Variable, from 0.0 pips | Fixed, from 0.9 pips | Fixed, from 0.0 pips |
💰 Commissions | From $0.1 per side, per lot | None | $1 per side per 100,000 traded |
✴️ Margin Call/Stop-Out | 60%/0% | From 20% | 100%/30% |
✴️ Order Execution | Market | Market | Market |
💳 No-Deposit Bonus | No | No | Yes |
📊 Cent Accounts | Yes | No | No |
📈 Account Types | Standard Account Standard Cent Account Raw Spread Account Zero Account Pro Account | Bronze Account Silver Account Gold Account Premium Account | Pro Account Classic Account VIP Account |
⚖️ CBN Regulation | No | No | No |
💳 NGN Deposits | Yes | Yes | No |
📊 Nigerian Naira Account | No | No | No |
👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
📊 Retail Investor Accounts | 5 | 4 | 3 |
☪️ Islamic Account | Yes | Yes | Yes |
Min Deposit
USD 10 / 4145 NGN
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Trading and Non-Trading Fees
Spreads
👉 The spreads charged will vary according to the kind of account selected by traders since each account caters to a particular sort of trader. Traders can anticipate the following typical spreads:
➡️ Standard Account – from 0.3 pips EUR/USD
➡️ Standard Cent Account – from 0.3 pips EUR/USD
➡️ Raw Spread Account – from 0.0 pips EUR/USD
➡️ Zero Account – from 0.0 pips EUR/USD
➡️ Pro Account – 0.1 pips EUR/USD
Commissions
👉 On some accounts, commissions are imposed at a set amount to guarantee that the broker is compensated for facilitating the transaction. The following commissions are charged:
➡️ Raw Spread Account – Up to $3.50 per side, per lot
➡️ Zero Account – From $0.1 per side, per lot
Overnight Fees, Rollovers, or Swaps
👉 The fees that traders can anticipate while holding positions overnight will vary according to numerous factors, including the interbank rate, the size of the position, the duration of the position, the instrument being held, and whether the trader is long or short.
👉 Overnight costs on EUR/USD, for example, are typically -0.353 pips long (buy) and 0.096 pips short (sell).
How to Deposit Funds Into Your Account
👉 Step 1 – Go To The Official Exness Website
➡️ Go to www.exness.com and log into your account by click on “Sign In”.
👉 Step 2 – Click on “Deposit”
➡️ Once logged in, click on “Deposit” in the left corner of your screen.
👉 Step 3 – Deposit Your Funds
➡️ You can now deposit funds into your account.
How to Withdraw Funds From Your Exness Account
👉 Step 1 – Go to the Exness Website
➡️ Go to the official Exness website at www.exness.com and click on “Sign In”.
👉 Step 2 – Click on “Withdrawal”
➡️ Once you are logged in, click on “Withdrawal” and withdraw your funds.
Exness Education and Research
Exness does not offer any educational material but offers the following research tools:
➡️ Analytical Tools
➡️ Trader’s Calculator
➡️ Economic Calendar
➡️ Currency Converter
➡️ Tick History
How To Minimize Risk While Trading?
1. Use Stop Losses
👉 A stop loss is a trading technique that takes you out of losing trades at a predetermined level in order to limit your losses. Utilize stop losses to ensure a 1:1 risk-reward ratio and above in all your trades in order to limit losses and maximize profits on each trade. For example, if you’re setting your stop loss at 50 pips below your entry point, set your take profit at least 50 pips above your entry point.
👉 A 1:2 risk-reward ratio and above will ensure that you remain profitable even if the majority of your trades are losing trades. Using a 1:2 risk-reward ratio means that you should place your stop loss at 100 pips if you have a profit target of 200 pips and so on.
👉 If you are a more aggressive trader, you can use a 1:3 risk-reward ratio, where you risk 100 pips for a profit target of 300 pips.
2. Use Proper Lot Sizes
👉 Trading using proper lot sizes is crucial to your success as a trader. That’s because the lot size determines the value of each point of the currency pair you are trading. A standard lot typically refers to 100,000 units of the base currency you are trading. Therefore, trading a standard lot of the EURUSD currency pair puts the value of each point at USD 100.
👉 The lot sizes you trade should be proportionate to the amount you are willing to risk on each trade, which is directly related to the size of your account and your risk appetite.
3. Control Your Losses
👉 You should only risk 2% or less of your trading account on each trade. This will ensure that you can survive any losing streak while minimizing the drawdown on your trading account.
👉 Remember: losses in forex trading are not linear. A 50% loss would require a 100% gain in order to recover your original trading account level.
4. Use Leverage Carefully
👉 Most forex brokers offer to trade with leverage, and with Exness traders can enjoy up to 1:Unlimited leverage. While trading with leverage is one of the great advantages of trading forex, it can also increase the risk of losses if used incorrectly. Leverage works as a ratio, meaning that if you trade with USD 10 at a leverage of 1:50 your market investment will be USD 500. This means that, if your investment moves in a favourable direction, your profits would be 50x bigger than they would have been without leverage. However, this also means that your losses if the currency moves in an unfavourable direction would be 50x greater as well. Traders are therefore reminded to apply leverage with care.
5. Choose The Time Of Day That You Trade
👉 Most traders tend to ignore the impact of the time of day that they trade. However, traders who are active during periods of less volatility tend to be more profitable than traders who trade during periods of high volatility.
👉 The high volatility periods for different currency pairs vary, but can generally be summarized as the opening hours of the Asian sessions, the London/European sessions, and the New York/American sessions.
👉 Experienced traders who are trading European currency pairs, such as EURUSD and GBPUSD, typically trade during off hours from 7PM to 11AM GMT. However, this data applies to range of traders who trade following the existing trends but might differ for traders using other trading strategies, such as scalping.
6. Buy The Rumor, Sell The News
👉 Many traders like to stay abreast of news that affects the forex market, but this is very hard to do given that it is near-impossible to accurately predict what will happen at any given time across the globe. However, experienced traders typically keep abreast of economic releases from different countries, which generally have an impact on many currency pairs.
👉 In most cases, markets typically discount the news based on investors’ expectations, which means that by the time the news is released, the big moves in the affected currency pairs would have already taken place. Therefore, it is important to make trades related to major news events way before the actual news is released.
All About Exness’ Rebate System
How much rebate can I pay back?
👉 Rebate percentage can be set to be anything between 0% and 100%.
Payment schedule
👉 Rebates are paid daily to the selected referred clients who have closed any trades within the last 24 hours. Daily payments need to be approved by the partner.
👉 Once rebates are set up from your PA, rebates will be automatically calculated for the selected referred clients every time you receive rewards. Total daily rebates will then await your approval in the Approval section of the Rebates tab, or be automatically distributed if you have selected automated approval on rebates for specific referred clients; more information about this is available in the article about how to manage rebates.
Min Deposit
USD 10 / 4145 NGN
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MT4, MT5, MT4 WebTerminal, mobile (iOS & Android, Exness Trader)
Crypto
Yes
Total Pairs
97
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Exness Affiliate Program
Exness is a frontrunner in the field when it comes to regular and appealing pay-outs. Each active customer referred by an affiliate earns the affiliate a commission of up to $1,770.
First-time deposits (CPA) and leads (CPL) are paid for by Exness, with CPA as follows:
➡️ It pays up to $1,770 depending on the platform, country of residence, and the amount that referred customers deposit with a minimum first-time deposit of $10.
➡️ More than 40 nations across the globe can use Exness.
➡️ Additional incentives are offered for the greatest overall performance.
➡️ The CPA plan is chosen by default when a trader registers.
The following are included in the CPL plan:
➡️ Nigeria affiliates can earn up to $25 for each signup of the referral site that they utilize.
➡️ The pay-out will rise in proportion to the number of new members.
➡️ High traffic as Exness currently receives visitors from over 40 countries.
➡️ Regular monthly pay-outs are guaranteed, as are incentives for the greatest overall performance.
➡️ This plan is only available via the Exness Affiliate Department and Kenyans must contact the team for all queries.
Exness Social Responsibility
👉 With a primary emphasis on the supply of investment services, Exness has had a noticeable presence in global financial markets since its inception in 2008. As the company’s chief executive officer, Petr Valov is passionate about the company’s policy on Corporate Social Responsibility (CSR) and how it enables him to give back to society.
👉 Employees and customers alike can rely on Exness to be open with them about their aims and aspirations while also serving as a steadfast support system for them as they strive to reach their full potential professionally and personally.
👉 Exness continuously strives to achieve more in Corporate Social Responsibility, whether it is in education, environmental reasons or addressing any risks, social and medical, in the society where people live and work in. Exness is committed to providing educational opportunities for today’s children that are relevant to the broker’s own line of work.
Verdict on Exness
Exness provides a simple trading solution for both new and experienced traders, thanks to the wide range of accounts it offers. Among these accounts are commission-free, commission-based, and spread accounts.
Because Exness employs innovative software and technology, it assures reduced trading risks. As a result, traders can be certain that their orders will be executed quickly and securely.
There are more than 30 options to withdraw and deposit money at the firm. Moreover, most of its deposit and withdrawal options are free. In addition, Exness provides free VPS hosting and quick withdrawal access when a withdrawal request has been made.
Exness Current Popularity Trend
👉 According to Google Trends, Exness has increased in Google searches in Kenya in the past month.
Exness Pros and Cons
✔️ Pros | ❌ Cons |
Exness has a global presence and has authorization and regulation with market regulators around the globe | There is a limited selection of tradable instruments and only a few asset classes |
Exness offers instant withdrawals and deposits | There are only a few funding options offered |
Nigerian traders have a choice between several dynamic account types | |
Client fund safety is guaranteed and there is investor protection offered | |
Exness offers 24/7 customer support that is both prompt and helpful | |
There are tight and variable spreads offered with competitive commissions |
Frequently Asked Questions
Is Exness a good and legit broker?
Yes, Exness is considered good and is well-regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA.
Which trading platforms are supported by Exness?
Exness supports the use of these trading platforms:
- MetaTrader 4
- MetaTrader 5
- Exness Web-based Terminal
- Exness Proprietary Trader App
Does Exness offer leverage and what is the maximum ratio offered?
Yes, Exness offers the following leverage ratios:
- Equity up to $30,000 (3,400,000 KES) – 1:500
- Equity between $5,000 to $29,999 (570,000 KES to 3,400,000 KES) – 1:1000
- Equity between $0 to $4,999 (0 KES to 570,000 KES) – 1:2000
- Equity between $0 to $999 (0 KES to 114,000 KES) – Unlimited leverage
What is the overall rating for Exness out of 10?
The overall rating for Exness is 8/10.
Is Exness suitable for beginner and professional traders?
Yes, Exness is an ideal broker that can be used by beginner and professional traders.