Exness has gained an excellent reputation as a reliable online Forex broker on the financial markets since its establishment in 2008. It has shown significant growth and has become a powerful player in online trading in Forex. Exness Broker is famous for its user-friendly platform that reveals transparency and clearness to customers to keep their trading experience high.
Exness Group ranks the top position in providing financial technologies. It offers a range of state-of-the-art solutions in the economic area, highly qualified service, and one of the best trading conditions within the industry. Thus, it continues its scaling plan and has landed on one more country to supply it with innovative fintech solutions. This Exness Company review discloses the main peculiarities and approaches in bidding Exness Singapore
What is Exness? What Do We Know About Exness in Singapore?
Accounting for the company’s new location in Singapore, it is essential to know Exness Asia branch at large and get acquainted with more relevant information about Exness market maker in Asia.
Exness is an online broker that provides competitive bidding conditions for traders to carry out trading assets in buy-sell operations. In this case, the excellent broker deals with various financial instruments to trade with more than 120 assets: forex, cryptocurrency, and metals are among them.
In addition, Exness Asia differs from other brokers by providing CDF (Contract for Difference) products exclusively on a row of market instruments. Thus, it explains its uniqueness of being a multi-asset broker but not of securities.
Alongside accomplishing their clients’ orders, Exness Forex involves additional activities on research, providing service, and conveying market intelligence. These features enable it to offer favorable conditions like flexible leverage and spread type.
Can Exness be Trusted and How Reliable?
Like any other reputable fintech company, Exness meets strict regulations and is licensed to operate. It is interested in maintaining online safe investment funds of customers along with supplying respective conditions to trade. Thus, the Exness company is recognized as an international trusted financial standard whose financial operations comply with the legal requirements of the countries it performs in.
Is Exness legit in Singapore?
Accordingly, Exness Forex Broker is well-known by traders and investors from Europe, Australia, CIS, and Asia. Today, forex trading is also accessible to financial figures in Singapore.
Moreover, it provides a legit dealing service due to duly authorised financial regulatory organizations Exness is covered by:
- Seychelles Financial Services Authority (FSA) under Securities Dealer license number SD025;
- Cyprus Securities and Exchange Commission (CySEC) with license number 178/12;
- UK Financial Conduct Authority (FCA) under Register number 730729;
- South Africa Financial Sector Conduct Authority (FSCA) with registration number 2020/234138/07 and FSP number 51024;
- Central Bank of Curacao and Sint Maarten (CBCS) with license number 0003LSI;
- Financial Services Commission (FSC) with registration number 2032226 and investment business license number SIBA/L/20/1133 (in the British Virgin Islands and Mauritius).
It makes Exness legit to operate in Singapore, and financial individuals feel safe when carrying out trades and investments.
Awards Exness - Best Forex Broker Asia
International Forex Broker Exness offers available, reliable, and high-quality brokerage services with innovative fintech solutions to private and institutional investors. The management activity, performance transparency, and other aspects of the company have appealed to traders globally so far. Therefore, Exness has been rewarded for excellent brokerage services, customer satisfaction, trading technologies application, etc.
Among the Exness awards are:
- Best Transparent Foreign Exchange Broker 2019 (World Finance);
- Global Exchange Broker of the Year 2019 (the European);
- Best Trading Experience in Forex (Global Forex Awards);
- Best Global Customer Service Forex (Global Forex Awards);
- The Most Trusted Broker Forex (Global Forex Awards) and others.
The confirmed and unlimited Exness awards list empowers customers to cooperate and stay secure when carrying out trading and investments.
Benefits and Drawbacks Exness Company
Exness company attracts customers by its recognized credibility and transparency. There can’t be anything better for traders than to feel secure in all financial processes they undertake through the company’s platform. Owing to this, Exness has much more benefits to collaborate with. There are also some drawbacks about Exness, but they are more related to optimizing its platform and functionality.
Market Instruments & Instruments Products
Exness Review allows getting familiar with helpful fintech solutions to facilitate the customers' bidding experience and provide trustworthy networking with market participants like market makers and banks.
Singapore Exness offers the best market platforms for client transactions MetaTrader4 and MetaTrader5 that are available on the territory of Asia and Singapore as well. Thus, Asian traders have an opportunity to keep their marketing experience with the help of mobile platforms and web terminals offered by Exness Asia for active users. It allows them to be current with all financial flows on their accounts and the novelties that showed up in the market.
The essential trading process engages various market instruments: forex currency pairs, cryptocurrencies, precious metals, energy, indices, and stocks. Each market instrument has its own characteristics: contract specifications, trading hours, symbol groups, suffixes. To be aware of them, the trader or investor should first create an account that determines what assets are used and what instruments products are involved.
Exness Accounts and Their Types
Exness Group provides diversified types of accounts meeting the customers’ preferences in bidding. Thus, they need to create an Exness account in order to bargain for different market instruments. However, before opening an account, one should get into the classification of existing accounts in Exness Singapore.
They are divided into two main types: Standard and Professional. Thus, every account type offers its own conditions for several features: margin call, commission, spread, leverage, minimum deposit, and others.
By delving into each main account type, other corresponding subtypes are found. For example, the main Standard subtypes are Standard Account and Standard Cent Account. They are incredibly convenient for new traders who are at the point to start this kind of business.
When it comes to Professional account types, experienced traders are preferable to use them. This is because they provide instant order execution. The main subtypes are Pro Account, Zero Account, and Raw Spread Account.
Exness Asia also offers Demo accounts available to all account types except for the Standard Cent account type.
How can I register an account and choose a more suitable type for my purposes?
Opening an Exness account is as simple as cake, exness login personal area. It takes only a few minutes while entering the Exness homepage and going through the registration procedure.
By aiming to register an account to start bidding, it is needed to follow an Account Registration by inputting required sensitive data.
There, traders and investors are offered to choose typical accounts:
- Real account that deals with real money;
- Exness Demo account that is free-risk and operates with virtual money.
Depending on the trading purposes put forward, Exness Singapore offers the following account types to customers:
- Standard account. It is preferable to newcomers as well as to those who already have trading experience. The Standard account enables to bid on small lots on the complete set of assets available.
- Standard Cent account. It is a unique account type that deals with cent lots. If traders decide to register the Exness Cent account, they should look through the list of regions where this account is available. In addition, it is a perfect choice to utilize the smallest minimum volumes and try out trading strategies.
- Pro account. More experienced and professional traders mostly appreciate it. Exness Pro account is perfect for any trading style and offers no limit on orders instantly executed.
- Zero account. This specialized type of Exness account is suitable for the use of Expert Advisors, an automated program of control and trading management without the trader’s involvement. The Exness Zero account offers zero spread on the top 30 trading instruments for 95% of the day.
- Raw Spread account. This account is suitable for highly experienced traders who are willing to ultra-low and stable spreads. In addition, the Exness Raw Spread account differs from other accounts by its particular approach to fixed commissions.
Commission Fees & Spreads
The commission fees of Exness Asia are charged for bidding on the trader’s behalf. When it comes to depositing and withdrawing, the broker doesn’t charge any fee. But the trader needs to clarify with the payment provider if there is any fee for transactions before the payment is made.
Thus, the Exness commission fees depend on the account traders use. For example, no commissions are charged on trading from the Standard and Pro accounts. The Raw Spread account has commission fees up to $3.5, and the Zero account - from $3.5.
The spreads of the currency pair involve the difference between the bid and the proposed rate. A price interest point (pip) represents a slight change in a currency pair in the forex market. It can be measured by the quote or underlying currency. Accordingly, one pip is 0,01 for currency pair with JPY and 0,0001 for all other pairs.
Exness Broker Leverage
Exness deals with leveraged products. Exness broker leverage is an opportunity that increases the purchasing power of traders. It enables them to use large volumes in bids with a small amount of deposited funds. It is regarded as a ratio of the trader’s personal funds to borrowed funds, for instance, 1:200, 1:2000, or 1:Unlimited.
The amount of Exness leverage varies depending on the account equity and other factors, including the trading terminal chosen. Whatever leverage type the trader selects, there are particular leverage requirements and conditions to meet.
The margin level is tightly connected to the leverage level. When the leverage becomes bigger, margin requirements become smaller and vice versa. This explains the dynamic nature of the latter. Many factors also impact margin requirements, including tradings before weekends and holidays and various publications on significant economic news. Consequently, leverage changes automatically due to influencing factors.
Deposit and Withdrawal at Exness Global
Exness Global provides instant funds transactions (deposit and withdrawal) with no commissions. It uses different Electronic Payment Systems (EPS) with helpful features for traders to monitor funding in their trading accounts.
But there is one point each trader needs to consider. It is advisable to clarify the possible fee charged from the chosen EPS for each fund transaction when carrying out transactions.
Deposits and Exness Minimum deposit
Exness offers quick and convenient fund crediting through a wide variety of payment options like bank cards, Neteller, Skrill, WebMoney, Internet banking, pre-paid cards (AstroPay card), Bitcoin, and many others.
When choosing an appropriate account type, traders confront an obligatory requirement pertaining to the Exness Minimum deposit, which is different on different accounts. For example, the minimum deposit for Standard accounts depends on the payment system, while for Professional accounts it arranges a starting minimum of $200.
Exness Singapore reveals to traders flexibility in withdrawing funds at any time by using the same EPS as for depositing. And there are some rules to stick to about Exness Withdrawal, but the basic is to use the same payment option for withdrawal as for deposit.
Innovative Exness Trading Platforms
As a reputable fintech brand, Forex Broker Exness offers trusted and easy-to-use trading platforms to provide safe and successful trading. Furthermore, as Exness is a multi-asset broker, it has in store different trading platforms in compliance with asset choice. Therefore, Exness Forex provides such platforms as MetaTrader4, Metatrader5, Web terminal, and Exness terminals.
MetaTrader 4 (MT4)
MetaTrader4 (MT4) is a well-known global trading platform used in the trading community for different reasons.
The main advantages to use Exness MT4 are as follows:
- capability to provide bidding with numerous bidding strategies;
- automated trading available through Expert Advisors;
- provision for both market and instant execution orders;
- diversification of instruments used when providing an analytical analysis (you get direct access to 23 objects alongside 30 built0in indicators).
MetaTrader 5 (MT5)
MetaTrader5 (MT5) is an improved version of its predecessor, MT4 but loaded with additional and significant features and tools.
Exness MT5 is highlighted for the following extra parameters:
- Meta Editor;
- customizable timeframes and additional charts;
- MetaQuotes Language 5;
- Hedging system;
- provision for fundamental analysis (46 graphical objects and 22 analytical tools alongside 40 built-in indicators).
WebTerminal is a browser-based trading terminal that supports the same features as the desktop version of MT4 and MT5.
Thus, WebTerminal is a convenient trading solution that stands out for the following characteristics:
- no need to install software as its user-friendly interface is equal to the desktop version;
- basic functions available to trade effectively;
- speed operation owing to HTML web app and security through data encryption;
- different trading operations;
- quotes provided in real-time;
- customized price charts;
- basic analytical objects.
Exness Singapore is proud of the custom-built fintech product as Exness Terminal. It is a better version of WebTerminal that complies exclusively with the MT5 platform. Exness Terminal is completely designed by Exness developers and available only to Exness traders using MT5 accounts. Exness Terminal has the same features as WebTerminal.
Exness Social Trading
The trading performance can be undertaken by using other specific strategies like social trading offered by Exness Group. It is an exciting way to trade where investors copy strategies established by strategy providers while they all earn profit together. The Exness Social Trading app is an attractive tool with fitted features to carry out social trading.
Market Analysis & Research Tools
The Exness company review discloses useful options for traders to be current with the latest news about economic events and releases and provide research on understanding the markets.
They involve a market analysis calendar and WebTV. Also, the broker offers research tools such as VPS hosting, a currency converter, a handy calculator, and statistics like Tick history.
Education by Exness Company
The online trading industry requires particular knowledge and skills to gain success and increase invested capital. Otherwise, a valley of failures and big losses are to expect.
For this reason, Exness provides education for traders by Exness Academy. Mostly their basic tools are webinars arranged in advance and a glossary used in the trading community from A-Z.
Exness Customer Support
Exness customer support is always available to clients and ready to respond to all their queries via Live chat, emailing, or phone calls.
They maintain assistance in 12 different languages with different periods in the time indicated on the Exness homepage.
In addition, a Help Center is available on the Exness website where clients can find answers to frequently asked questions.
Conclusion about Exness Group
In conclusion about Exness Group, it is worth mentioning again that this multi-asset broker is recognized globally for its reputable performance in the market and transparent trading activities. Moreover, its trading conditions are competitive and provide favorably dealing services to traders with different experience levels.
Exness meets all required regulations and is licensed that entices more customers to benefit from collaboration with this market maker. It has created a secure trading environment with a range of market instruments and high-profile trading platforms.
Frequently Asked Questions (FAQ)
💬 What is Exness?
Exness is an online broker that provides favorable conditions to trade for investors and traders to carry out buy-sell operations on trading assets.
💬 Is Exness Trusted?
Yes, it is. Exness broker is low-risk and highly trusted, providing instant deposits and withdrawals.
💬 Are Exness Signals Reliable?
Yes, they are. Exness signals are reliable as they are sent by expert trade analysts who share their market assessment.
💬 Is Exness Commission Low?
Exness doesn’t charge any commission for transactions related to cfds trading in particular accounts. The commission is charged for the Raw account (up to $3.5) and the Zero Account (from $ 3.5).
💬 Is Exness Regulated?
Yes, it is. It is regulated by authorities CySEC, FCA, FSC (Mauritius), FSC (BVI), FSA, CBCS, FSCA.
💬 How Exness Trading Works?
Exness works only with CDF (Contract for Difference) products on a range of market instruments. Thus, it operates a multi-asset broker.
💬 Exness How to Trade?
You should visit the Exness website, open an account on it, choose the typical account (real or demo), and then a respective subtype of the Standard or Professional accounts. If you are a new trader, we recommend starting with the Standard account. However, if you have experience in trading, then Professional accounts are at your disposal.
💬 Exness How to Deposit?
In your Personal Area, you need to select a payment method that suits you. Exness offers a wide range of EPS:
- Bank Cards
- Perfect Money
- Internet banking
- AstroPay card
- Internal Transfer
💬 What is the Minimum Deposit for Exness?
The minimum deposit for Exness Standard accounts depends on the payment system. The minimum deposit for Exness Professional accounts is a minimum of $200.
💬 Where is Exness Broker Registered Office Located?
The headquarter of Exness Broker is located in Limassol, Cyprus. It was founded in 2008.
💬 What is Exness Social Trading?
Exness Social Trading is another specific way for investors and strategy providers to collaborate with and hold trading through a respective application. Strategy providers set up strategies, and investors copy them into their existing accounts. Thus, they make a profit together.