“Is Exness a good broker” is the question that all traders want to know before creating account. Because most of traders think that: “choosing the good broker is the first step to success. So, understanding whether Exness is a good broker is important.
I have traded forex for 3 years and Exness is also the first broker that i start my trading career. I also traded in XM, FxPro, FBS and Hotforex. I did many mini testing to find out better broker. And now, I will share you what I got from these testings.
I think Exness is a good forex broker because:
1. Exness spread and commission are lower.
All traders know that spread is the fee they have to pay for brokers. So, the lower spread, the better. Especially scalp traders really matter spread. Because they open hundreds positions daily, so trading in low spread brokers can save them a lot of money.
There are 2 account types in Exness: regular accounts and ECN account.
For regular accounts: Exness doesn’t charge commission. They only charge spread. And their spread is in top lowest spread brokers. Example, for EURUSD, Exness only charges 0.9pip while other brokers charge from 1 – 2 pips. Some brokers even charge 3 – 4 pips/lot. 1 pip is equal 10$/lot. So, trading in Exness can save you up to 31$/lot.
For ECN account: Exness spread is nearly zero. They only charge 2.5$ commission per lot. This is the lowest charged commision in the market. Other brokers often charge around 5$ per lot and they also charge spread.
2. Exness protect clients’ funds better
Trading forex is risky and it’s riskier if you choose the wrong brokers. Some scam brokers will try to pick up as much as money in your pocket. And some even manipulate the quotes to win you. So, choosing the right brokers is very important.
Exness is reliable broker. They always put $180 millions in their bank account. This amount is 4 times higher than total client deposit fund. And these amount will be audited by Deloitte. So, it’s very transparency. Because of this big amount of money, so, you can sleep well when deposited to Exness.
Besides, Exness always keep clients fund in segregated account which separated from Exness account. This is safer for clients fund because whatever happens to Exness, Clients’ fund is always safe.
3. Exness’ trading conditions are better
Exness always improves their trading conditions. Their trading conditions were improved year by year. If you use some simple server testing tools, you will find out that Exness server is the fastest. Sometimes, Exness server speed is 10 times faster than other brokers’. Because of fast server, so they can reduce number of slippages and requotes also. Their MT4 is very stable and fast. Because of fast server, so they can reduce ECN spread nearly to zero.
They are the first broker offer unlimited leverage account also.
4. Exness deposit and withdrawal are faster.
Actually, Exness has local payment systems in most of targeting countries such as: China, Thailand, Indonesia, Vietnam, India, Bangladesh,… So, if you live in these countries, you can use instant payment system and no-fee.
Even if you don’t live in these countries, you also can use other instant payment systems such as: Neteller, Skrill, Webmoney,… There isn’t fee to deposit and withdraw. And all transactions will be executed instantly without human intervention.
If you are an IB, they will make payment to you daily and all are automatically.
5. Exness offers better support for Asian countries
Exness support office is in Malaysia. And they support most countries by local language such as: English, Chinese, Thai, Vietnamese, Bahasa, Arabic, Russian,… you can get instant responses from their web chat or asking for call back. They will support you in your mother language. So, it’s much easier to solve your problems.
6. Exness is more popular in Asian
Last March 2018, Exness got the highest trading volume: $375 billions. Their forex trading volume is double the second position broker. And most of their trading volume is from Asia countries because they serve the best services for them. So, if you live in Asia countries, Exness is the best forex broker for you.