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In recent years, there has been a significant rise in the number of people who have shown interest in trading in the financial markets. Trading has become a popular way for individuals to invest their money and potentially earn profits. However, for beginners, the world of trading can be confusing, and it is often difficult to know where to start.
Exness is a forex broker that aims to make trading accessible to everyone, regardless of their level of experience. In this article, we will explain what Exness is and how it works.
What is Exness?
Exness is a forex broker that was established in 2008. It is based in Cyprus and is regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker offers a wide range of trading instruments, including currency pairs, cryptocurrencies, metals, energies, and indices.
One of the unique features of Exness is that it offers its clients a choice of two account types: the Standard account and the Pro account. The Standard account is designed for beginners and has no minimum deposit requirements. On the other hand, the Pro account is designed for experienced traders who want to access the lowest possible spreads and commissions.
Exness is also known for its advanced trading platforms. The broker offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the Exness Trader platform, which is designed specifically for mobile devices.
How does Exness work?
To start trading with Exness, you first need to create an account. The process is simple and can be completed online. Once you have created an account, you can fund it using a variety of payment methods, including bank transfers, credit cards, and e-wallets.
Once your account has been funded, you can start trading. Exness offers a range of trading instruments, as mentioned earlier, and you can trade them using the MT4, MT5, or Exness Trader platforms. The MT4 and MT5 platforms are widely used in the industry and offer a range of advanced trading tools, including charting tools, technical indicators, and automated trading.
Exness also offers leverage to its clients, which allows them to trade larger positions with a smaller amount of capital. However, it is important to note that leverage can also increase the risk of loss, so it should be used with caution.
Exness has a transparent pricing model, and the broker charges commissions and spreads on each trade. The spreads and commissions vary depending on the account type and the trading instrument, but they are generally competitive compared to other brokers in the industry.
Exness also offers a range of educational resources for its clients, including trading guides, webinars, and video tutorials. These resources are designed to help traders improve their knowledge and skills and make informed trading decisions.
In addition to its trading services, Exness also offers a range of other features, including:
Multilingual customer support: Exness offers customer support in a range of languages, including English, Chinese, Arabic, and Spanish. This ensures that clients can receive support in their preferred language.
Negative balance protection: Exness offers negative balance protection to its clients. This means that clients cannot lose more than their account balance, even if the market moves against their position.
Social trading: Exness offers a social trading feature that allows clients to copy the trades of other successful traders. This can be a useful tool for beginners who want to learn from more experienced traders.
Exness is a forex broker that offers a range of trading instruments and advanced trading platforms. The broker is regulated by CySEC and offers a choice of two account types, a range of payment methods, and leverage to its clients. Exness also offers educational resources and other features, including multilingual customer support, negative balance protection,