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Pepperstone review

Pepperstone Review

Overall, Pepperstone 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. Pepperstone has an overall Trust Score of 92% out of 100.  Pepperstone is currently not regulated by the CBN.

Updated : January 24, 2023

Jump to:

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 10 / 4145 NGN

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Pepperstone Overview

Pepperstone Review Overview

👉 According to research in Nigeria, as one of the top trading brokers in the world today, Pepperstone is known for its exceptional client service and extensive selection of third-party platforms. The research offerings are superior to the industry norm, but the number of tradeable items is a small drawback.

 

👉 Founded in 2010, Pepperstone Markets is a prominent CFD, and forex broker based in Nigeria while the Pepperstone group is based in Australia. Pepperstone Markets is a multi-location broker that adheres to tight rules with offices based around the world, including in Nairobi, Nigeria. In Nigeria, the Capital Markets Authority (CMA). has granted Pepperstone Markets Nigeria Limited a license to operate.

 

👉 Daily, Pepperstone Markets processes an average of US $8.3 billion in deals and provides online trading to more than 170 nations across the world. Pepperstone Markets makes use of technologies designed to facilitate large-ticket trading by institutions.

 

👉 Pepperstone Markets is capable of handling multiple order fills, allowing them to feed bigger orders into a liquidity aggregator on numerous levels. Orders placed by clients are filled on a “market execution” basis without requotes, with the possibility of positive or negative slippage, and without broker interference.

 

👉 This Pepperstone Markets review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.

 

Distribution of Traders

Pepperstone Review Distribution of Traders

👉 The distribution of traders with Pepperstone Markets is as follows:

➡️️​ Mongolia – 11.1%

➡️️​ Australia – 9.6%

➡️️​ Mexico – 7.4%

➡️️​ United Kingdom – 7%

➡️️​ Brazil – 5.4%

 

Popularity among traders who choose Pepperstone

🥇 While Pepperstone Markets has a low market share in Kenya, the broker falls within the Top 10 forex and CFD brokers that accept Nigerian traders.

Pepperstone at Glance:

🏛 HeadquarteredMelbourne, Australia with offices globally
🏢 Nigerian Based OfficeNo
✔️ Accepts Nigerian Traders?Yes
📊 Year Founded2010
📞 Nigerian Office Contact NumberNone
📲 Social Trading Platforms• Facebook
• Twitter
• LinkedIn
• YouTube
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCB
💯 License Number• Bahamas – 177174 B
• Australia – ACN 147055703, AFSL 414530
• United Kingdom – 684312
• Cyprus – HE 398429
• Nigeria – CMA Licence Number 128
• Dubai – DFSA F004356, DIFC 3460
• Germany – 151148
⚖️ CBN RegulationNone
🤝 Regional RestrictionsUnited States, Canada, Iran, Japan, Iraq, Zimbabwe, Yemen, and others
☪️ Islamic AccountYes
📊 Demo AccountYes
📈 Retail Investor Accounts2
✔️ PAMM AccountsNo, only MAM for fund managers
📈 Liquidity ProvidersBarclays, HSBC
💵 Affiliate ProgramYes
✔️ Order ExecutionMarket
✔️ Execution VenuesSucden Financial Limited, IS Prime Limited, LMAX Limited, GAIN Capital, Jefferies Financial Services, Inc. (Morgan Stanley, Morgan Chase)
📊 Average spreadVariable, from 0.0 pips EUR/USD
📞 Margin Call90%
🛑 Stop-Out20%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade Size100 lots
✔️ Crypto trading offered?Yes
✔️ Offers an NGN Account?No
🤝 Dedicated Nigerian Account Manager?No
📈 Maximum Leverage1:500 (Professional), 1:400 (max) – Depending on the jurisdiction
📊 Leverage Restrictions for Nigeria?No
💵 Minimum Deposit (₦)60,700 Nigerian Naira equivalent to AU$200
✔️ Nigerian Naira Deposits Allowed?No
💰 Active Nigerian Trader Stats1.3 million
🤝 Active Nigerian-based Pepperstone customersUnknown
💰 Nigeria Daily Forex Turnover$1.25 million+
💵 Deposit and Withdrawal Options (depending on jurisdiction)• Visa
• Mastercard
• POLi
• Bank transfer
• Bpay
• PayPal
• Neteller
• Skrill
• Union Pay
💳 Segregated Accounts with Nigerian Banks?No
💻 Trading Platforms• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader Signals
✔️Tradable Assets• Forex
• Shares
• ETFs
• Indices
• Commodities
• Currency Indices
• MetaTrader Signals
💵 Offers USD/NGN currency pair?No
📊 USD/NGN Average SpreadNone
📈 Offers Nigerian Stocks and CFDsNo
📊 Languages supported on WebsiteEnglish
🤝 Customer Support LanguagesEnglish, Spanish, Russian, Chinese, Vietnamese, Arabic, Indonesian, Italian, French, Laotian, German Polish
📞 Customer Service Hours24/5
👥 Nigerian-based customer support?No
💰 Bonuses and Promotions for NigeriansNone
📚 Education for Nigerian beginnersYes
📊 Proprietary trading softwareNo
📈 Most Successful Nigerian TraderUche Paragon ($20 million net worth)
✔️ Is Pepperstone a safe broker for Nigerians?Yes
📈 Rating for Pepperstone Nigeria9/10
✔️ Trust score for Pepperstone Nigeria92%
👉 Open An Account 👉 Open Account

Regulation and Safety of Funds

Pepperstone Review Regulation And Safety

👉 Pepperstone Markets overall holds the following regulations and authorization:

➡️ The Financial Conduct Authority (FCA) in the United Kingdom (684312)

➡️ The Australian Securities and Investment Commission (ASIC) in Australia (CAN 147055703, AFSL 525630)

➡️ The Dubai Financial Services Authority (DFSA) in Dubai (F004356).

➡️ The Security Commission of the Bahamas (SCB) under 177174 B.

➡️ Cyprus Securities and Exchange Commission (CySEC) under HE 398429.

➡️ Capital Markets Authority (CMA) under CMA Licence Number 128.

➡️ Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) in Germany (151148).

 

👉 Pepperstone Markets is required to maintain high capital requirements and to adopt and adhere to strong internal processes, including client money protection, risk management, anti-money laundering, conduct, training, accounting, and audits, under these licenses.

 

👉 Pepperstone Markets clients’ money is maintained in segregated bank accounts, with the utmost priority placed on client funds protection. They take great pleasure in their excellent regulatory and compliance culture.

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Account Types and Features

Pepperstone Review Account Types

👉 The Standard and Razor Accounts are Pepperstone Markets’ two dynamic retail account categories, while the Professional Account is available to more experienced Nigerian traders. Both accounts were set up to cater to a wide range of different traders‘ needs and goals.

 

👉 Real account holders have the option of an unlimited demo account, which may be used to practice trading and test strategies in a risk-free environment for an additional 30 days after registration.

 

👉 To ensure that Muslims have access to global markets, Pepperstone Markets offers the option of converting their live trading account to an Islamic Account.

 

Live Trading Accounts

Standard Account

Pepperstone Review Standard Account

👉 The Standard account is the ideal choice for most Nigerian traders, particularly novices and those who trade average quantities.

Account FeaturesValue
💰 Account Base Currency OptionsUSD, EUR
💳 Minimum Deposit400 NGN or an equivalent to $1
💳 Maximum Deposit1,000,000 NGN or an Equivalent to $3,000
📈 Maximum Leverage offered1:1000
💰 Commissions chargedNone
🚀 Instruments available on this AccountForex
💰 Bonuses offeredWelcome, Energy, Hot, Dynamic
📊 Position Size for the Account10,000 USD
📊 SwapsNo, Fixed
📈 Average SpreadsEUR/USD – 2 pips
USD/CHF – 2 pips
NZD/USD – 3 pips
USD/CAD – 3.5 pips
USD/ZAR – 48 pips
🔎 Forex Copy-trading offered
None

 

Razor Account

Pepperstone Review Razor Account

👉 The Razor account has the greatest spreads in the industry for scalpers and algorithmic traders in Nigeria.

Account FeaturesValue
💰 Account Base Currency OptionsUSD, EUR, GBP, ZAR
💳 Minimum Deposit207,000 NGN or an equivalent to $500
💳 Maximum DepositUnlimited
📈 Maximum Leverage offered1:2000
💰 Commissions chargedYes, from 0.013%
🚀 Instruments available on this AccountAll, except ETFs
💰 Bonuses offeredWelcome, Energy, Hot, Dynamic
📊 Position Size for the Account10,000 USD
📊 SwapsNo, Fixed
📈 Average SpreadsEUR/USD – 0.1 pips
XAU/USD Spot – 0.1 pips
AAPL_NS – 0.1 pips
Brent Crude Oil (BRT) – 2.5 pips
SPX – 13 pips
NAS100 – 13 pips
🔎 Forex Copy-trading offered
None

 

Professional Account

Pepperstone Review Professional Account

👉 Nigerian traders who have a demonstrated track record are given additional privileges and benefits. The benefits of a Pepperstone Markets Professional Account include:

➡️ Access to leverage of up to 1:400 for Africa, other areas 1:500 only for professionals

➡️ Access to a Personal Relationship Manager

➡️ Margin close-out level of 20% on MetaTrader 4 and 5, and up to 50% on cTrader

 

👉 To be eligible for the Pro Account, Nigerian traders must satisfy the following criteria:

➡️ Traders must demonstrate their proficiency in the Sophisticated Investor Test in a quick online exam.

➡️ A trading record of at least AU$50,000 or least twenty times every quarter over the past four quarters, as well as appropriate financial sector experience, are further qualifications for a leveraged instrument trading license.

➡️ Net assets of at least AU$2.5 million or gross annual income of at least $250,000 must be maintained for the last two years to achieve these criteria.

 

👉 In addition, when Nigerian traders qualify for a professional account, the following safeguards are removed:

➡️ Leverage restrictions

➡️ Compulsory margin close-outs

➡️ Negative balance protection

➡️ Retail disclosure information

 

Demo Account

Pepperstone Review 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 Pepperstone Markets 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

Pepperstone Review 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.

 

👉 A Pepperstone Markets Islamic Account is best suited for Muslim traders who adhere to Sharia law. The legislation prohibits any kind of interest, such as overnight fees, which are seen as wasteful or exploitative.

 

👉 There are various unique aspects to Pepperstone Markets’ swap-free option, including the following:

➡️ A minimum deposit of 16,000 KES or equivalent in EUR, GBP, or USD is the official account base currency for this account.

➡️ Average spreads between 0.6 to 1.2 pips EUR/USD

➡️ Commission-free trading on the Islamic Option and no additional charges

➡️ The ability to use scalping, hedging, and EAs

 

👉 The Pepperstone Markets’ Islamic Account is only provided to traders from the following Islamic regions:

➡️ Albania

➡️ Azerbaijan

➡️ Bangladesh

➡️ Burkina Faso

➡️ Bahrain

➡️ Brunei

➡️ Nigeria

➡️ Brunei Darussalam

➡️ Algeria

➡️ Egypt

➡️ Guinea

➡️ Indonesia

➡️ Jordan

➡️ Kyrgyzstan

➡️ Kuwait

➡️ Morocco

➡️ Mauritania, and several other Islamic regions.

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Account Registration

Pepperstone Review Islamic Account

👉 Pepperstone Markets’ account creation process is simple, fast, and intuitive. Verification of the account will take around 4 days after traders finish the online application.

 

👉 When traders begin the procedure, they are asked to verify their email address, provide personal information, and submit proof of identification. If Nigerian traders need any assistance at any point throughout the process, Pepperstone Markets’ customer service representatives are always ready to help.

Pepperstone Vs IC Markets Vs RoboForex – Broker Comparison

PepperstoneIC MarketsRoboForex
⚖️ RegulationASIC, BaFin, CMA, CySEC, DFSA, FCA and SCBASIC, CySEC, FSA, SCB

IFSC
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• cTrader
• TradingView
• Myfxbook
• DupliTrade
• MetaTrader Signals
• MetaTrader 4
• MetaTrader 5
• cTrader
• MetaTrader 5
• MetaTrader 5
• cTrader
• R StocksTrader
• RoboForex Terminal
• CopyFX App
💰 Withdrawal FeeNoNoneYes
📈 Demo AccountYesYesYes
📊 Min Deposit16,000 NGN83,000 NGN ($200)4,100 NGN
💰 Leverage

1:4001:500
1:2000
💳 SpreadVariable, from 0.0 pipsFrom 0.0 pips0.0 pips
✴️ CommissionsFrom AU$7From $3 to $3.5$3 to $4
💳 Margin Call/Stop-Out90%/20%

Stop-Out 50%Stop-out 100% to 10%
📊 Order ExecutionMarketMarketMarket
💰 No-Deposit BonusNoNoYes
💰 Cent AccountsNoNoNo
📊 Account Types• Standard Account
• Razor Account
• cTrader Account
• Raw Spread Account
• Standard Account
• RoboForex Prime Account
• RoboForex ECN Account
• RoboForex R • StocksTrader Account
• RoboForex ProCent Account
• RoboForex Pro Account
⚖️ CBN RegulationYesNoNo
💵 NGN DepositsYesNoYes
💳 Nigerian Naira AccountNoNoNo
👥 Customer Service Hours24/5
24/7
24/7
🛍 Retail Investor Accounts235
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade Size100 lotsNone, unlimited10,000 (Cent)

Trading Platforms

Pepperstone Review Trading Platforms

👉 One of Pepperstone Markets‘ most popular trading platforms is MetaTrader 4 for Windows and Mac. Additionally, the broker provides MetaTrader 5, cTrader, WebTrader, social trading platforms, and mobile applications for iPhone and Android so that Nigerians can trade the markets from any location at any time.

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ cTrader

➡️ TradingView

➡️ Myfxbook

➡️ DupliTrade

➡️ MetaTrader Signals

 

Desktop Platforms

Pepperstone Review Desktop Platforms

➡️ MetaTrader 4 can be downloaded as a desktop app on Linux, macOS, and Windows computers.

➡️ MetaTrader 5 can be downloaded as a desktop app on Linux, macOS, and Windows computers.

➡️ cTrader can be used on Windows desktops

 

WebTrader Platforms

Pepperstone Review WebTrader Platforms

➡️ MetaTrader 4 is available on all internet browsers

➡️ MetaTrader 5 is available on all internet browsers

➡️ TradingView can be used in combination with the Razor Account, helping Kenyan traders improve their overall trading experience.

➡️ Myfxbook AutoTrade is an automated social trading and copying service that can be accessed through Pepperstone Markets online.

➡️ DupliTrade is a user-friendly trading platform that allows Kenyan traders to copy the trades of professional traders to their Pepperstone Markets account.

➡️ MetaTrader Signals

 

Trading App

Pepperstone Review Trading App

➡️ MetaTrader 4 can be downloaded on mobile devices that use either Android or iOS.

➡️ MetaTrader 5 can be downloaded on mobile devices that use either Android or iOS.

➡️ cTrader is offered for all iOS and Android mobile devices

 

Range of Markets

👉 Pepperstone Markets offers the following range of markets:

➡️ Forex

➡️ Shares CFDs

➡️ ETFs CFDs

➡️ Indices CFDs

➡️ Commodities CFDs

➡️ Currency Indices CFDs

Broker Comparison for Range of Markets

PepperstoneIC MarketsRoboForex
💰ForexYesYesYes
🔨 Precious MetalsYesYesNo
💰 ETFsYesNoNo
📊 CFDsYesYesYes
📈 IndicesYesYesYes
💵 StocksYesYesYes
💳 CryptocurrencyNoYesYes
💰 OptionsNoNoNo
💸 BondsYesYesNo
🔋 EnergiesNoYesNo

Overall Rating

Min Deposit

USD 10 / 4145 NGN

Regulators

ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB

Trading Desk

MetaTrader 4, MetaTrader 5, cTrader and TradingView

Crypto

No

Total Pairs

60+

Islamic Account

No

Trading Fees

Low

Account Activation Time

24 Hours

Trading margined products carries a high level of risk. Pepperstone Markets Kenya Limited, CMA Licence No. 128

Trading and Non-Trading Fees

Spreads

Pepperstone Review Spreads

👉 The typical spreads that traders can expect are as follows:

➡️ Standard Account – from 0.6 pips EUR/USD

➡️ Razor Account – between 0.0 pips and 0.3 pips EUR/USD

➡️ Islamic Account Option – from between 1 pip and 1.2 pips EUR/USD

 

Commissions

Pepperstone Review Commissions

👉 Pepperstone Markets charges commissions on the Razor Account from AU$7 round turn on every 100,000 (standard lot) traded.

 

Overnight Fees, Rollovers, or Swaps

Pepperstone Review Swap Rates

👉 Pepperstone Markets’ financial institutions announce swap rates weekly and base their estimates on risk management and market conditions. This global investment bank supplies the tom next rates to Pepperstone Markets. These are continuously updated to reflect the ever-changing character of the tom next market.

 

👉 The calculation for swap rates with Pepperstone Markets is as follows:

➡️ Daily Swap Charge or Credit is (One Point divided by the Exchange Rate) x (The positions size or notional amount multiplied by the tom next)

 

👉 Pepperstone Markets allows Muslim areas to convert their live trading accounts to Islamic accounts, which are free of overnight fees and interest credits.

 

Other Fees

Pepperstone Review Other Fees

👉 Traders must provide proof of residence with their application to be considered for the Islamic Account. This will demonstrate to traders in their region that they are eligible for a swap-free account. Traders utilizing the Islamic Account should be informed that there are administrative costs associated with this account type. Among them are the following:

➡️ Cryptocurrencies (Professional Account Only), commodities, equities – 1.5 USD

➡️ Index Markets – 10 USD

➡️ SpotCrude and SpotBrent – 20 USD

➡️ Forex, precious metals on the retail account – 50 USD

➡️ Only on the professional account – Crypto10, Crypto20, and Crypto30 – 50 USD

➡️ BTC/USD (Professional Account Only) – 125 USD

➡️ GER40, FRA40, JPN225, CN50, ETH/USD (Professional Account Only) – 12 USD

➡️ US30 – 30 USD

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

9.6/10 - (17 votes)

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