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Markets.com Review

Overall, Markets.com is very competitive in terms of its trading fees and spreads. Pepperstone is considered low-risk and is regulated by ASIC, BaFin, CMA, CySEC, DFSA, FCA, and SCB. Markets.com has an overall Trust Score of 97% out of 100Markets.com is currently not regulated by the CBN.

Updated : June 2, 2023

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005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

002 candlestick

Range of Markets

007 fees

Fees

001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

USD 100 / 41459 NGN

Regulators

CySec, ASIC, FCA, BVI FSC, FSCA

Trading Desk

MetaTrader 4, MetaTrader 5, Markets.com propietary platform

Crypto

Yes

Total Pairs

67

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Markets.com Overview

Markets.com Review Overview

👉 Overall, Markets.com is considered low-risk, with an overall Trust Score of 98 out of 100. Markets.com is licensed by two Tier-1 Regulators (high trust), two Tier-2 Regulators (average trust), and one Tier-3 Regulator (low trust). In addition, Markets.com offers one different retail trading account, namely a Standard MarketsX Account.

 

👉 Markets.com was created in 2008 and is a subsidiary of Finalto, a subsidiary of Playtech PLC, a component of the FTSE 250 Index, and listed on the London Stock Exchange Main Market.

 

👉 Markets.com provides traders with quick, low-cost trading on various financial products, including over 2,000 stock CFDs, Forex, commodities, cryptocurrencies, indices, ETFs, and bonds.

 

👉 Markets.com accepts Botswanan clients and has an average spread from 0.6 pips with zero commission charges. In addition, Markets.com has a maximum leverage ratio of up to 1:300, and a demo and Islamic account are available.

 

👉 MT4, MT5, and MarketsX platforms are supported. Markets.com is headquartered in South Africa and regulated by ASIC, CySEC, FSCA, FCA, and BVI FSC.

 

Markets.com Distribution of Traders

Markets.com Review Distribution of Traders

👉 Markets.com currently has the largest market share in these countries:

➡️ Argentina – 10.8%

➡️ Colombia – 9.2%

➡️ Denmark – 9.01%

➡️ United Kingdom – 8.45%

➡️ South Africa – 6.8%

 

Popularity among traders who choose Markets.com

👉 Markets.com is a well-known South African broker. While it does not dominate the Nigerian forex market, it is a practical and trustworthy choice for Nigerian traders, ranking it among the country’s Top 15 forex and CFD brokers.

Markets.com at Glance:

🏛 HeadquarteredThe British Virgin Islands
🏢 Nigerian Based OfficeNo
✔️ Accepts Nigerian Traders?Yes
📊 Year Founded2008
📞 Nigerian Office Contact NumberNone
📲 Social Trading Platforms• Facebook
• Instagram
• Twitter
• YouTube
⚖️ RegulationASIC, CySEC, FSCA, FCA, BVI FSC
💯 License Number• Cyprus (Safecap Investments) – 092/08
• British Virgin Islands (Finalto) – SIBA/L/14/1067
• South Africa (Finalto Pty Ltd) – 46860
• South Africa (Safecap Investments Limited) – 43906
• United Kingdom (Finalto Trading Ltd)- 607305
• Australia (Finalto) – ABN 82158641
⚖️ CBN RegulationNone
🤝 Regional RestrictionsThe United States, Japan, Canada, Belgium, Israel, New Zealand, Russia, Hong Kong, and several other regions
☪️ Islamic AccountYes
📊 Demo AccountYes
📈 Retail Investor Accounts2
✔️ PAMM AccountsNo
📈 Liquidity ProvidersSeveral Tier-1 partnerships, banks, and others
💵 Affiliate ProgramYes
✔️ Order ExecutionMarket and Instant
✔️ Execution Venues0.8 pips EUR/USD
📊 Average spreadVariable, from 0.0 pips EUR/USD
📞 Margin Call50%
🛑 Stop-Out50%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size100 lots
✔️ Crypto trading offered?Yes
✔️ Offers an NGN Account?No
🤝 Dedicated Nigerian Account Manager?No
📈 Maximum Leverage1:300
📊 Leverage Restrictions for Nigeria?None
💵 Minimum Deposit (₦)41,000 Nigerian Naira
✔️ Nigerian Naira Deposits Allowed?No, only USD, ZAR, GBP, and EUR
💰 Active Nigerian Trader Stats1.3 million
🤝 Active Nigerian-based Markets.com customersUnknown
💰 Nigeria Daily Forex Turnover$1.25 million+
💵 Deposit and Withdrawal Options• Bank Wire Transfer
• Credit Card
• Debit Card
• Skrill
• Neteller
💳 Segregated Accounts with Nigerian Banks?No
💻 Trading Platforms• MarketsX
• Marketsi
• MetaTrader 4
• MetaTrader 5
• MarketsX App
✔️Tradable Assets• Shares
• Bonds
• Cryptocurrencies
• Forex
• Primary CFDs
• ETFs
• Indices
• Blends
• Commodities
💵 Offers USD/NGN currency pair?No
📊 USD/NGN Average SpreadN/A
📈 Offers Nigerian Stocks and CFDsNone
📊 Languages supported on WebsiteEnglish, Spanish, Thai, Vietnamese
🤝 Customer Support LanguagesEnglish, French, Spanish, Italian, Arabic, German, Bulgarian
📞 Customer Service Hours24/5
👥 Nigerian-based customer support?No
💰 Bonuses and Promotions for NigeriansNone
📚 Education for Nigerian beginnersYes
📊 Proprietary trading softwareYes
📈 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is Markets.com a safe broker for Nigerians?Yes
📈 Rating for Markets.com Nigeria7/10
✔️ Trust score for Markets.com Nigeria97%
👉 Open An Account 👉 Open Account

Markets.com Regulation and Safety of Funds

Markets.com Review Regulation And Safety

Markets.com Regulation in Botswana

👉 The local market regulators in Nigeria are as follows:

➡️ Ministry of Finance and Economic Development (MFED)

➡️ Bank of Botswana (BoB)

➡️ Non-Bank Financial Institutions Regulatory Authority (NBFIRA)

 

👉 While Markets.com is regulated globally, the broker does not yet have local regulations or licenses in Nigeria. However, Markets.com is a popular and trustworthy broker that accommodates Nigerian traders.

 

Markets.com Global Regulations

👉 The following entities regulate Markets.com:

➡️ The Australian Securities and Investments Commission (ASIC) and the Cyprus Securities and Exchange Commission (CySEC) are responsible for regulating Markets.com AU and Markets.com CY, respectively.

➡️ com SA is governed by the reputable and stringent Financial Sector Conduct Authority (FSCA) in South Africa, where the firm maintains a local office.

➡️ com UK is overseen and regulated by the Financial Conduct Authority (FCA).

➡️ In addition to regulating Markets.com, the British Virgin Islands Financial Services Commission (BVI FSC) is responsible for its management.

 

Markets.com Client Fund Security and Safety Features

👉 Each region is responsible for ensuring that investors’ interests are protected. Markets.com’s size allows it to adapt its services to your area, including any local restrictions.

 

👉 In several countries worldwide, strict financial reporting regulations require segregating client assets. As a result, customers’ funds are maintained in separate bank accounts from Markets.com’s own funds, and negative balance protection is advantageous for traders.

Overall Rating

Min Deposit

USD 100 / 41459 NGN

Regulators

CySec, ASIC, FCA, BVI FSC, FSCA

Trading Desk

MetaTrader 4, MetaTrader 5, Markets.com propietary platform

Crypto

Yes

Total Pairs

67

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Markets.com Account Types and Features

Markets.com Review Account Types

👉 Even though Markets.com does not provide several account types, the trading criteria differ based on the chosen platform. For example, traders can open a real and a demo account with a single sign-up.

 

👉 Nigerian traders would choose to utilize MarketsX, Marketsi, MT4, or MT5 after opening an account. MarketsX is a multi-asset trading platform for financial markets, while Marketsi is an investment platform.

Stock ExchangePrivate InvestorsProfessional Investors
Australia20 AUD (6,000 NGN)95 AUD (28,000 NGN)
NASDAQ1 USD (400 NGN)24 USD (9,900 NGN)
BATS Europe25 GBP (13,600 NGN)
New York Stock Exchange1 USD (400 NGN)45 USD (18,600 NGN)
NYSE AMEX and ARCA1 USD (400 NGN)23 USD (9,500 NGN)

 

Markets.com Live Trading Account Details

MarketsX Account

Markets.com Review MarketsX Account

Account FeatureValue
📉 Minimum Deposit41,000 Nigerian Naira
📊 Average SpreadsFrom 0.8 pips on major forex pairs
💸 CommissionsNone
💵 LeverageUp to 1:300 for non-EU traders
💻 Trading PlatformsMetaTrader 4, MetaTrader 5, MarketsX and Marketsi
📞 Customer Support OfferedYes, 24/5
🚨 Trading SignalsYes, from experienced traders
🔧 Trading Tools offeredYes, in addition to market news and analysis
📲 Trading Alerts and NotificationsYes, customizable alerts
📱 Range of MarketsMore than 8,000 financial instruments

 

Markets.com Base Account Currencies

👉 Nigerians can choose their default account currency among USD, EUR, GBP, DKK, NOK, SEK, PLN, CZK, and AED when opening an account with Markets.com.

 

👉 This implies that Nigerians making deposits or withdrawals in NGN can incur currency translation costs, which might harm their profitability.

 

Markets.com Demo Account

Markets.com Review Demo Account

👉 Traders can also open a Demo Account, which allows them to learn how the platform and markets function. Demo accounts come with a $10,000 virtual balance.

 

👉 The 30-day duration of the sample account is extendable if required. Additionally, it is mobile-friendly, so you can study trading on your smartphone or tablet.

 

Markets.com Islamic Account

Markets.com Review Islamic Account

👉 Depending on their trading style and approach, a forex trader’s position may be open for longer than 24 hours throughout a trading day.

 

👉 This might incur an overnight or rollover fee for the trader. Moreover, this kind of interest is prohibited under Sharia law’s Riba regulations, restricting Muslim forex traders.

 

👉 Muslim traders who adhere to Sharia may create a live account with Markets.com and have it converted into an Interest-Free Islamic Account, exempting them from paying or earning overnight fees when positions are open for more than 24 hours.

Overall Rating

Min Deposit

USD 100 / 41459 NGN

Regulators

CySec, ASIC, FCA, BVI FSC, FSCA

Trading Desk

MetaTrader 4, MetaTrader 5, Markets.com propietary platform

Crypto

Yes

Total Pairs

67

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Account Registration

Exness Review 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

ExnessCM TradingTickmill
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCAFSA, FSCA

Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA

📱 Trading PlatformMetaTrader 4
MetaTrader 5
MetaTrader 4
CM Trading Web
CopyKat
Expert Advisors
Trading Apps
MetaTrader 4
MetaTrader 5
💰 Withdrawal FeeNoYesNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit4,100 NGN4,1700 NGN4,1700 NGN
📈 LeverageUnlimited1:2001:200
📊 SpreadVariable, from 0.0 pipsFixed, from 0.9 pipsFixed, from 0.0 pips
💰 CommissionsFrom $0.1 per side, per lotNone$1 per side per 100,000 traded
✴️ Margin Call/Stop-Out60%/0%From 20%100%/30%
✴️ Order ExecutionMarketMarketMarket
💳 No-Deposit BonusNoNoYes
📊 Cent AccountsYesNoNo
📈 Account TypesStandard 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 RegulationNoNoNo
💳 NGN DepositsYesYesNo
📊 Nigerian Naira AccountNoNoNo
👥 Customer Service Hours24/724/524/5
📊 Retail Investor Accounts543
☪️ Islamic AccountYesYesYes

Trading Platforms

Exness Review Trading Platforms

👉 Exness offers Nigerian traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Terminal

➡️ Exness Trader app

 

Desktop Platforms

Exness Review 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

Exness Review 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

Exness Review 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

Exness Review Trading App

👉 The range of markets that Exness offers include the following:

➡️ Forex

➡️ Metals

➡️ Crypto

➡️ Energies

➡️ Indices

➡️ Stocks

Broker Comparison for Range of Markets

ExnessCM TradingTickmill
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCAFSA, FSCA

Seychelles FSA, FCA, CySEC, Labuan FSA, FSCA

📱 Trading PlatformMetaTrader 4
MetaTrader 5
MetaTrader 4
CM Trading Web
CopyKat
Expert Advisors
Trading Apps
MetaTrader 4
MetaTrader 5
💰 Withdrawal FeeNoYesNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit4,100 NGN4,1700 NGN4,1700 NGN
📈 LeverageUnlimited1:2001:200
📊 SpreadVariable, from 0.0 pipsFixed, from 0.9 pipsFixed, from 0.0 pips
💰 CommissionsFrom $0.1 per side, per lotNone$1 per side per 100,000 traded
✴️ Margin Call/Stop-Out60%/0%From 20%100%/30%
✴️ Order ExecutionMarketMarketMarket
💳 No-Deposit BonusNoNoYes
📊 Cent AccountsYesNoNo
📈 Account TypesStandard 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 RegulationNoNoNo
💳 NGN DepositsYesYesNo
📊 Nigerian Naira AccountNoNoNo
👥 Customer Service Hours24/724/524/5
📊 Retail Investor Accounts543
☪️ Islamic AccountYesYesYes

Overall Rating

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

Exness Review Trading Fees

👉 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

Exness Review 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

Exness Review Overnight Fees

👉 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”.

Exness Review How to Deposit Funds Into Your Account Step 1

 

👉 Step 2 – Click on “Deposit”

➡️ Once logged in, click on “Deposit” in the left corner of your screen. 

Exness Review How to Deposit Funds Into Your Account Step 2

👉 Step 3 – Deposit Your Funds

➡️ You can now deposit funds into your account. 

Exness Review How to Deposit Funds Into Your Account Step 3

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”.

Exness Review How to Withdraw Funds From Your Exness Account Step 1

 

👉 Step 2 – Click on “Withdrawal”

➡️ Once you are logged in, click on “Withdrawal” and withdraw your funds. 

Exness Review How to Withdraw Funds From Your Exness Account Step 2

Exness Education and Research

Exness Review 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? 

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.

Alternative Brokers to Exness

Alternative Brokers to Exness

➡️ TD Ameritrade

➡️ AvaTrade 

➡️ ACY Securities

➡️ FXCM

➡️ Pepperstone

➡️ Webull

All About Exness’ Rebate System

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.

Overall Rating

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 Review 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

Exness Review 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 Current Popularity Trend

Exness Pros and Cons

✔️ Pros❌ Cons
Exness has a global presence and has authorization and regulation with market regulators around the globeThere is a limited selection of tradable instruments and only a few asset classes
Exness offers instant withdrawals and depositsThere 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.

Overall Rating

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

9.1/10 - (16 votes)