India's Best Forex broker Exness Review (2021) — Trade with Instant withdrawal, » Anytime, in any way, » Without commission

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Masroor – Writing this Exness review reminds me of the past. When I started my trading career, like most beginners, I want to trade at the best forex broker. And I naively thought that I could find out who is the best just by reading the reviews on the Internet. 

— Actually, it isn’t easy to find out the best broker because every review leads me to different best forex brokers. Finally, I listed down some forex brokers that I thought were the best, because they appeared the most in those reviews. I created accounts on these brokers, deposited, and started my tests to find out the best forex brokers.

—But then I realized there are different types of traders. Each has his/her own trading styles and strategies. So a broker may be the best for one but not good for another. It was when I learned that I should find a broker that is among the best and also suits my trading strategies. And I found Exness, the most suitable forex broker for me. Let me explain.

Exness review 2021

 

— Exness Review 2021»

WHAT CRITERIA SHOULD THE BEST FOREX BROKER HAVE?

After 5 years of trading forex, I’ve come to combine a set of standards that I think the best forex brokers should meet. Those are:

  • Trustworthy — Regulations, Historical activities
  • Trading costs — Low spread, Low commission, Low slippages, Good rebate/bonus, Low swap
  • Trading conditions — Good quotes, Trading platforms
  • Local services — Payment system, Local offices, Availability


EXNESS HAS GOOD REPUTATION

Masroor  - This 11-year-old broker is loved and appreciated by most traders. So far, their services have been proved to be very good. Whenever I ask my trader friends for opinions on Exness, here are the most common answers:

  • Instant payment system - Check Exness payment system here
  • Unlimited leverage - Check exness leverage here
  • Low spread - Check exness spread here
  • Registration - Register exness account here

Let me explain why most traders think Exness is fair play. For the last 10 years, there have been many big events/news that made the currency price drop thousands of pips, causing high slippages, gaps… And of course, most traders lost. — Only a few brokers compensate for their clients and of course, Exness is included. They compensated more than $15 million when there was the CHF event on January 15th, 2015. They also compensated lots whenever there are problems with their system such as the DDOS incident in 2016.


Some traders told me that they put their trust in Exness forex broker because Exness is rich. That’s true. Exness always has around $200 million in segregated bank accounts. 

— This amount of money is 4 times bigger than the total of their client's deposit amount and will be used to compensate customers when there are problems. Also, Exness has acquired CySEC and FCA regulations. This makes me confident to deposit tens of thousands of dollars to Exness without hesitation.

Check exness regulation here

— Exness has been the biggest retail forex broker in the world since 2015. Last month, their total trading volume went up to $785 billion. Let me give you some perspectives. Their main competitor Forex.com. Forex.com's monthly trading volume is $500 billion but only $300 billion are forex. The rest is commodity trading volume. So you can see that Exness's trading volume is more than twice as much as their main competitors. That shows you how many traders choose Exness.

For me, the biggest forex brokers should be the most prestigious. They are the biggest forex brokers because most traders choose them. Then why shouldn’t we? If you want to know more about Exness's reputation, just ask your trader fellows. I think most of them are trading there.


Moreover, Exness is the most transparent broker. You can find out all information about this broker on their websites such as trading volume, number of active clients, clients deposit, or company fund… There are no other brokers who can compete with Exness in transparency. Transparency is important because you can check a broker's financial situation to make sure it’s safe for trading. If they find anything fishy from your account, they will close it. That shows how committed Exness is in terms of security.

EXNESS SPREAD AND COMMISSION ARE THE LOWEST

If you are looking for a no-commission broker, Exness is the best option for you. They offer 4 types of account, 3 regular accounts, and an ECN account. Exness doesn’t charge a commission for the regular accounts, which are:


  1. Standard Cent account - Check details here
  2. Standard account - Check details here
  3. Pro account   Check details here


When I say no commission, I really mean it. There’s absolutely no other hidden fee that you need to be worried about. You only have to pay for spread when trading Exness regular accounts. And Exness spreads are the lowest. Their spreads are from at least 0.1 pip. Pro account is the lowest spread account, but you have to deposit at least $2000 to start trading this account. Other accounts spreads are a little bit higher but there isn’t a minimum deposit limitation.


I have created accounts at all the lowest spread brokers to compare their spread. I found that Exness spread is the lowest for 7 main currency pairs. Most of them are lower than 1 pip. In a stable environment, they are from around 0.5 to 0.8 pip. 

— It’s amazing because most other brokers charge around 1.7 pips. Exness crypto-currencies spreads are the lowest also. They only charge around $3/coin for Bitcoin trading, $0.01 for Ripple, and $0.5 for ETH. The day I wrote this article is a volatile day. The Bitcoin price had just jumped from 6.2k to 6.5k, but Exness Bitcoin spread is still very low.


Moreover, Exness doesn’t charge swap for cryptocurrency trading. Swap is a part of the spread. So, that’s why I can say their cryptocurrency spread is the best.

Start trading cryptocurrencies with Exness today.    Click here.

— For ECN account:»

This account is called a Zero account. Like other brokers, Exness charges commission (because the spread of ECN account is nearly zero), but they only charge $3.5 for each lot. This commission is about 50 – 90% lower than other ECN brokers. As usual, other ECN brokers charge from $3 – $5 for each lot of trade (one side). Moreover, Exness Zero spread is very low. EUR/USD spread is zero, and USD/JPY is 0.1 pip. This is an extremely low spread that no brokers can compete with.


You can check these spread numbers easily by yourself by creating an account in Exness, login, and check within 5 minutes. 

– Create Exness Zero Account here.

Exness Give 4 types of Account

As I have said above, Exness offers 4 types of accounts which are suitable for both beginners and professional traders. They are Standard Cent, Standard, Pro, and Zero accounts. Standard Cent account is suitable for beginners. Standard and Pro accounts are for professional traders and Zero account is for experts.

Choosing the suitable account types is very important to succeed in trading. That’s why most brokers offer different account types because you can only be successful in trading if you trade suitable accounts.

— BEGINNERS »

Standard Cent account is the best account for beginners because beginners don’t have much trading experience. They need an account that allows them to deposit a small amount of money, lets them trade small positions, and has low margin requirements…

Exness Standard Cent account is perfect for starters because its trading conditions are:

  • Low spread. Spread is from 0.3 pip for most of the main currency pairs.
  • Low margin requirement, because you can use high leverage up to 1:unlimited, you can minimize your margin.
  • Exness broker minimum deposit is not required for this account. You can deposit as low as you want. This is important because beginners shouldn’t trade much. They should deposit a small amount of money for practicing first and increase their trading volume after they are ready. I have written an article about Exness minimum deposit to explain how they can keep it so low.
  • Low minimum volume per trade. The lower the better.
  • Good local support

Professional Traders

Most professional traders like Exness Standard and Pro account because of their good trading conditions. Scalpers like low-spread accounts. Long-term investors like swap-free accounts, and of course the lower the spread, the better the accounts. These accounts are good because:

  • Low Spread. Spread is from 0.3 pip for Standard and 0.1 pip for Pro
  • No trading commission.
  • Unlimited leverage. 
  • Exness minimum deposit is not required for Standard account. The Exness minimum deposit for the Pro account is $2000.
  • Instant deposit and withdrawal. You can deposit by local banks, credit cards, and e-wallets…
  • You can get support 24/7.
  • Free swap for Islamic countries and for cryptocurrency trading.

Exness Accounts support all trading Strategies

No matter whether you are a scalper or a long-term trader, Exness has a suitable forex account for you. If you are looking for small profits over a short time based on the fluctuation of the market, you should try Exness Standard Cent or Standard account. 

They have super low spreads and they execute orders very quickly, which fits your trading pace. If you are interested in long-term profit, you can use the Pro account or Exness Zero account. They have a low commission, zero spread, and very low swap.

Exness Local Support Teams are very Good?

Exness group has 3 companies, which are VC, CY, and the UK. Most of their clients register accounts under VC because the VC accounts have better trading conditions. —Exness has 5 official offices in Cyprus, China, Malaysia, Singapore, and Thailand. Their support teams are based in Malaysia. They support many languages such as English, Chinese, Thai, Bahasa, Arabic, Urdu, and Vietnamese… They support 24/7 for Thai, Chinese, and English. For the rests, they support 16/5.


— So, if you speak these languages, you will get the best support. After registration, you will get support from the sales team (Yes, they called me right away after I created an account). They will call and guide you step by step if you are fresh. Whenever you have questions, you can get the responses instantly in Exness Live Chat. 

—I’m very satisfied with their support team. Most beginners have a lot of questions, troubles when they start trading. So, choosing brokers that support them in their mother languages is the best option.

—Exness Payment System Are The Best

If you are a forex trader from Asia, you should pay extra attention to the broker’s payment system, because most Asian countries aren’t rich countries. So, they are using backward payment systems that most brokers don’t support. It’s very difficult for these traders to deposit to the brokers. That’s why sometimes, Asian traders will choose a broker because of their good payment systems only.


— Exness offers the best payment systems for Asian countries. Especially for China, Thailand, Indonesia, Vietnam, and Pakistan. In these countries, traders can deposit by local banks, internet transfer, mobile payment, e-wallet, CC, and more. The good thing is that if traders use local payment methods, Exness will pay a 100% transaction fee and they can get a better exchange rate. This is so amazing because back when I didn’t know, transferring through Visa always cost me 3-5% of the money, which frustrated me.

For traders who aren’t in these countries, they can use Credit Card, Wire transfer, Neteller, Skrill… There are tons of different payment methods that are the best options for them because Exness doesn’t charge any deposit and withdrawal fee.

— Check the Exness payment system here

— HOW LONG DOES EXNESS WITHDRAWAL SYSTEM TAKE?

Based on my experience with Exness, the deposit/withdrawing process of this broker usually take less than 5 minutes to proceed. 5-minute is when your Internet is slow. If you have a good connection, Exness withdrawal usually takes only 1 minute.

— Exness Deposit and Withdrawal Method review

  • Traders can deposit and withdraw by local payment methods in most countries.
  • There are various international payment methods that traders can use wherever they are. And Exness doesn’t charge a fee.
  • Exness payment systems are instant. Most transactions is instant. You can get your money in seconds while other brokers take some hours to some days to withdraw.  Open a FREE account now!
  • You have to withdraw the same way you deposit. There is no limit to the withdrawn amount.
  • The amount you withdraw has to follow the ratio of your deposit methods. For example, if you deposit $600 by Skrill and $400 by Netteller, you can withdraw 60% of your money by Skrill. The other 40% has to be withdrawn through Netteller.
EXNESS SOCIAL TRADING PLATFORM
In March 2019, Exness launched its cutting edge social trading platform. It is the best tool for investors who don't have too much time for forex trading. On this platform, you can choose a successful forex trader and copy their trades. If that trader makes profits, you also make profits based on the ratio between your funds.

EXNESS TRADING CONDITIONS ARE VERY GOOD

THERE ARE fewer SLIPPAGES AND GAPS IN EXNESS

Before 2015, there were a lot of complaints about Exness slippages, especially when there is important news. After that, they invested a lot of money to improve their servers. Now, if you check their server speed. It’s the fastest. This action shows how much Exness cares about their clients’ trading experience. Moreover, they also support free VPS for most of their clients to improve the connection speed. That’s why there are fewer slippages now.

Exness Quotes are Good

Masroor  - Also before 2015, there are many MT4 disconnection errors and no-quotes for the Zero accounts. They improved this by working with more liquidity providers. Instead of working with 1 – 2 liquidity providers, Exness cooperated with 4 liquidity providers and chose the best quotes among these liquidity providers. 

—That’s why after 2015, you seldom encounter these types of errors. Their quotes are much better. This is also the answer to the question of why Exness quotes are different from other brokers. The quotes of all brokers are different because they get them from different liquidity providers. And Exness’s quotes are good and stable because they optimize the quotes acquiring process.


WHY ARE THERE REVIEWS SAYING EXNESS IS A SCAM BROKER?

Actually, before starting trading with Exness, I also read these Exness broker reviews and worried about that, but after 3 years of trading there, I knew exactly why.


Many traders said that Exness quotes are different from other brokers. As I mentioned above, all brokers’ quotes are different because they get quotes from different liquidity providers. So, it’s normal if Exness quotes are different. They are different and they are better.


Example: In December 2017, Bitcoin hit the highest price ever, nearly $20,000. This is the asks price. While Exness Bitcoin's asks price was just $19,500. You see, Exness quotes are $500 better per coin. You can check these numbers in MT4 history! In terms of the Bid price, Exness is also better.


There are many complaints saying that: chart prices didn’t hit stop-loss price but Exness close their positions as stop loss. These are common complaints. Since the price in MT4 is the bid price, if you open a sell position, it will be closed by ask price, because the bid price is lower than ask price. Sometimes, MT4 chart price didn’t hit your stop-loss price but positions were closed because the bid price hit stop loss. That’s why, as usual, I set up MT4 to show both Bid and Ask prices.


Trading experiences in Exness - The last thing I would like to share with you today is my trading experiences with Exness:


  1. Day time spread is lower than night time. Maybe most of you don’t know this. So, if it’s possible, do trade more in the day time.
  2. Standard Cent and Standard spreads are nearly the same.
  3. You should open high leverage Exness account and trade low leverage positions. Open high leverage account to minimize margin. Open small positions to avoid risk.
  4. Cryptocurrency trading conditions are the best. 
  5. You should deposit and withdraw by local banks/methods. It’s fee-free.
— CONCLUSION»

After 5 years of trading with this forex broker, I can confidently state that Exness is the broker you should go to. They are tightly regulated by FCA and CySEC. Moreover, Exness has segregated bank accounts to keep their clients’ funds. Finally, Exness published all of its financial reports on its website. Customers are free to check how they do business at any time. This Exness review is checked and approved by various professional forex traders in the market.

Few other things 

Not only is Exness regulated and authorized by two of the strictest and most demanding authorities. Retail customers are signing up under FSA (Seychelles) a very reputable authority. Exness holds client funds in segregated accounts and provides clients with customer protection.

In addition to this is that Exness is a member of an investor compensation scheme, which pays out a certain amount to each client should the company become insolvent.

Its EEA registration along with it being regulated and authorized by FCA and CySEC makes Exness a reputable and reliable broker.

OPEN TRADING ACCOUNT WITH EXNESS AND GET $5000 CLICK BELLOW

 

EXNESS REVIEW OF PROS AND CONS

✔️130+ Currency Pairs with Multiple Trading Platforms
✔️ Client funds kept in segregated accounts
✔️ Dealing-Desk Broker
✔️ Regulated by both CySEC and FCA
✔️ Tight spreads
✔️ Regulated by both CySEC and FCA
✔️ Dealing-Desk Broker
✔️ Client funds kept in segregated accounts

exness account

LEVERAGE

Due to the high risks involved Exness does not accept Clients from the UK or EU. Exness offers maximum leverage levels of up to 1:2000 on all accounts which can be opened, and Exness also makes provision for a calculator that works out the maximum leverage and margin requirements according to the trader’s current level of account equity.



ACCOUNTS

Exness offers traders a choice between four accounts, namely a Standard, Raw Spread, Zero, and Pro Account.

Standard Account

The Standard account is one of the most popular choices and is tailored to meet the needs of all types of traders.


With the Standard account, traders can benefit from:

  • A minimum deposit of $1
  • Leverage up to 1:2000
  • Spreads from 0.3 pips
  • No trading commission
  • Minimum lot size of 0.01
  • Maximum lot size which ranges from
  • 7:00 – 20:50 GMT+0 at 200 lots
  • 21 – 6:59 GMT+0 at 20 lots
  • Unlimited number of positions
  • A hedging margin of 0% for Forex currency pairs along with metals, energies, and indices and 100% for Cryptocurrencies
  • A margin call of 60% and stop out of 0%, along with several others

Raw Spread Account

This type of account offers the lowest raw spreads with a relatively low fixed commission. In addition, it has several similar features as that of the Standard account, with notable differences such as:
  • A minimum deposit of $500
  • The commission per lot or side of up to $3.5
  • Spread from 0.0 pips
  • A margin call of 30%

The Zero Account

This account allows traders to obtain 0 spreads for 95% of the trading day on a total of 30 pairs. In addition, there are similar and standard account features as with the Standard Account, but it differs in the following ways:
  • A minimum deposit of $500
  • The commission per lot or side from $3.5
  • Spread from 0.0 pips
  • A margin call of 30%

Pro Account

The pro account is known as Exness’s instant execution account. With this account, traders have access to excellent fill with no commission charges/fees on trading.
As with the Standard Account, there are a set of basic features, and the Pro Account varies in the following ways:

  • A minimum deposit of $500
  • Spread from 0.1
  • A margin call of 30%
  • All accounts are eligible for Swap-free for Muslim countries.
Provision is also made for Demo Accounts where traders can test their trading strategies in a risk-free environment that mimics the functions of a live account and traders have access to virtual funds.

MARKET INSTRUMENTS

Exness offers traders the opportunity to trade in instruments like Forex, metals, Cryptocurrencies, energies, and Indices.

FEES

The fees that Exness charges are based on the type of account pertaining to commission fees.
Where both the Standard and Pro accounts do not have commissions that are charged on trading, the Raw account has commission fees up to $3.5 and the Zero Account from $3.5


Whereas the Standard Account has a minimum deposit of $1, the Raw Spread Account along with the Zero and Pro accounts have a minimum deposit of $500.


Exness also has a rollover or overnight fee which is applicable should positions be held longer than a day. Each instrument has its own fee, which is charged for these overnight positions, this may either be charged as a fee or provided as a refund.


Although Exness does not charge any fees when deposits or withdrawals are made, traders need to verify with their chosen payment provider before transfers are done as payment providers may waive fees that the trader will be held liable for.

exness forex broker


DEPOSIT AND WITHDRAWAL

Exness provides the following payment methods through which deposits and withdrawals can be processed:


✔️USDT or Tether
✔️Bitcoin
✔️Internet Banking
✔️Bank Card
✔️AstroPay Card
✔️Perfect Money
✔️Neteller
✔️WebMoney
✔️Skrill
✔️Internal Transfer

A trader should acknowledge that there is a minimum deposit that can be made through using these payment providers with a general $1 required from USDT/Tether, Internet Banking, AstroPay Card, WebMoney, and Internal Transfer.

A minimum deposit of $2 is needed when using Perfect Money, $3 when using a Bank Card, and $10 when using either Neteller or Skrill. Bitcoin, however, does not specify a minimum deposit amount.
Although most payment providers indicate deposit speeds which are instant USDT may take up to 72 hours and Bitcoin up to 4 hours.


As with the processing speed on deposits, withdrawals may also take some time to process and for it to reflect in the trader’s account.


Instant withdrawal speed – AstroPay Card, Perfect Money, Neteller, WebMoney, Skrill and Internal Transfer

✔️Up to 4 hours – Bitcoin
✔️Up to 72 hours – Both Internet Banking as well as USDT/Tether
✔️Between 3 – 5 working days – Bank Card
✔️Exness does not permit third-party payments due to strict regulations and as a safeguard against money laundering.

TRADING PLATFORMS

Exness provides traders with a choice between MetaTrader 4, MetaTrader 5, WebTerminal as well as Exness Terminal. Exness Terminal is it is own sophisticated and customized trading terminal entirely developed and maintained by Exness developers.

MetaTrader 4

This is the most popular trading platform used in the trading community for various reasons such as:

  1. It allows for flexible trading with numerous trading strategies
  2. Provision for both instant and market execution orders
  3. Technical analysis can be performed through using a variety of tools such as 23 different analytical objects along with 30 built-in indicators
  4. Auto-trading is made possible through Expert Advisors


MetaTrader 5

Is the upgrade from MetaTrader 4 and provides traders with a variety of features in addition to what MetaTrader offers, including:

  • MetaEditor
  • MetaQuotes Language 5
  • Hedging System
  • Additional charts and timeframes
  • Provision made for fundamental analysis
  • 38 built-in indicators along with 22 analytical tools and 46 graphical objects

WebTerminal

— WebTerminal as a trading platform provides traders with the following features:

— There is no need to download or install the software as it has an interface like the desktop version, Speed by being an HTML5 web app and added security through the encryption of data, Featuring of basic functions that traders need and use to trade effectively

  • Trading operations of various types
  • Quotes provided in real-time
  • Price charts which are fully customizable
  • Basic analytical objects

Exness Terminal

Similar to WebTerminal in that it is a web version of a trading terminal. The main advantage is that it is both a web browser and a mobile browser friendly.  Exness Terminal is entirely developed by the Exness developers. This means that Exness has the ability to continuously improve it in order to give their customers a better user experience. Exness also have their own tailored made mobile apps developed by their in-house developers.

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