ABOUT EXNESS

Exness is an online Forex broker that was established in 2008 in St. Petersburg, Russia. Since then, this broker has grown from strength to strength. This is not surprising as the company is one of the rare breed of online Forex brokers that practices transparency in its business operation. In terms of market innovation, Exness can be still considered an old school broker as it has yet to adopt the social networking concept of Forex trading. Nevertheless, this broker is still highly rated by its clients solely because of the quality of its services as indicated by the $450 billion worth of business done so far in just 2012.

TRADING PLATFROM:

As for trading platforms, Exness provides its clients with the reliable MetaTrader based trading platforms. Traders can choose with between MetaTrader 4 or MetaTrader 5. Professional traders with multiple accounts to manage can opt for the MetaTrader 4 Multiterminal platform. For those who are constantly on the go they also have the option to use their mobiles devices to trade with the MetaTrader platforms for iPhone, iPad, Blackberry, Android devices and Windows Mobile Enabled Devices.

Although Exness doesn’t have as many types of trading platforms as some online Forex brokers, the company do take note of the types of clients that they have. This is evidenced by the four different types of trading accounts they provide for traders. The types of trading accounts are classified as:

CENT ACCOUNTS:

(Minimum deposit is $1)

For those absolutely new to the Forex market and just wishes to get a feel of the trading environment.

MINI ACCOUNTS:

(Minimum deposit of $10)

For Forex beginners as well but with improved trading conditions.

 CLASSIC ACCOUNTS:

(Minimum deposit $5000)

For Professional Traders with full range of tools and trading facilities.

ECN ACCOUNTS:

(Minimum deposit $1000)

For Professional traders who want a trading condition where there is no conflict of interest between them and their broker.

Exness clients can use any amount of leverage when trading on the forex market: from 1:2 to 1:2000. This provides the freedom to choose trading strategies to traders with very different deposit sizes.EXNESS leverage depends on the type of trading account and the volume of funds it contains. Margin requirements increase when the funds available in a client’s account increase. This is due to the increasing costs of hedging open orders. As a result, leverage is changing as well.

GENERAL RULES FOR DEPOSIT AND WITHDRAW:

1. The term “instant” shall be understood to mean that a transaction is carried out within a few seconds without manual processing by financial department specialists.
2. Funds may only be withdrawn to clients’ personal accounts in order to ensure financial security and prevent money laundering.
3. The company will not accept direct payments or payments to third parties; clients are given all necessary information in their personal area when completing a transaction.
4. Deposits and withdrawals may be made 24 hours a day, 7 days a week. If a deposit or withdrawal is not carried out instantly, it will be completed within 24 hours.
5. The company shall not be liable for delays in processing deposits and withdrawals if such delays are caused by the payment system.
6. Internal transfers between accounts of the same type are performed instantly. Internal transfers are not available to clients who use credit cards to fund their trading accounts.
7. If a client funds his/her trading account using multiple payment systems or multiple wallets within the same payment system, funds must be withdrawn in proportion to the amounts deposited.
8. The company retains the right to change the processing time for deposits and withdrawals without notifying clients in advance
9. The company may place limits on the payment systems available to clients from certain countries.