With more than 15 years of accompanying the financial market, Exness has affirmed its position as one of the most prestigious foreign exchange exchanges in the world. Exness's mission is to provide investors with a professional, safe and potential trading environment. To better understand Exness, please follow the floor review information shared by SanForex below.
What is Exness?
Established in 2008 in the financial center of Limassol, Cyprus, Exness has continuously developed and become one of the most prestigious foreign exchange exchanges in the world. With over a decade of experience, Exness has processed an impressive trading volume of USD 2.747 trillion and served more than 368,151 investors. This success is a testament to Exness's commitment to providing a professional, stable trading environment and diverse products, helping investors achieve their financial goals in the best way.
Is Exness reputable?
Exness has affirmed its position as one of the most reputable forex trading platforms in the world with a diverse collection of licenses from leading financial regulators such as FCA (UK), CySEC (Cyprus), FSA (Seychelles), FSCA (South Africa), CBCS (Curaçao and Sint Maarten) and FSC (Mauritius).
Owning these licenses, especially from developed financial markets such as the UK and Cyprus, demonstrates Exness's commitment to strictly complying with regulations and protecting investors' rights. . This also completely eliminates any doubts about the legitimacy and reputation of the exchange.
Exness trading platform
Exness offers a wide range of trading platforms to meet the needs of every investor. From the famous MetaTrader 4 and 5 trading platforms, to the mobile app, MT4 Web Terminal. This helps investors easily choose the tool that best suits their trading style.
MT5, with its modern interface and more advanced features, is considered the ideal platform for online trading. However, MT4 is still loved by many investors thanks to its large user community and rich treasure of indicators and trading robots.
Trading products at Exness
Exness offers a diverse investment portfolio with more than 107 currency pairs, 10 indices, 30 stocks, 7 cryptocurrency pairs and 10 metals. In particular, Exness is one of the few exchanges that allows trading foreign currency pairs such as USDVND. However, to optimize profits, investors should focus on currency pairs with high liquidity.
Exness trading account
With 5 different account types, Exness has built a diverse account system, suitable for all levels of investors. Whether you are a beginner or experienced, you can choose an account that suits your needs.
Basic account
Exness' Standard Cent account is the perfect choice for new investors who want to explore the forex market. With deposits starting from just 1 USD, flexible leverage and no commission required, you can start trading safely.
In particular, Standard Cent accounts are fully supported with technical analysis tools and professional trading features, helping investors make more accurate decisions. Once you have experience trading on a Cent account, you can easily upgrade to other account types to enjoy more advanced benefits.
Besides, Exness also offers two other account types for new investors: Standard and Pro. Both account types have distinct advantages such as low spreads, high leverage and no commission fees. However, the Pro account will be a more suitable choice for investors with large amounts of capital and want to enjoy the best trading conditions.
Advanced account
For professional investors, Exness offers two top options: Zero and Raw Spread accounts. Both offer a top-notch trading experience with extremely low spreads, good leverage and super-fast order execution. However, the main difference lies in the commission fee and the stability of the spread.
If you are a scalper or algorithmic investor, the Zero account will be the ideal choice with almost 0 spreads, helping to maximize profits from the smallest market fluctuations. However, if you are a swing or position trader, a Raw Spread account with fixed commissions and stable low spreads will be more suitable.
Exness pros and cons
Before trading on Exness, investors should carefully consider the pros and cons of the exchange to optimize profits and limit risks. The advantages and disadvantages of Exness are as follows:
Pros
- Super fast deposit and withdrawal speed: Exness stands out with the ability to process deposit and withdrawal transactions automatically and instantly, helping to save maximum time for investors.
- Professional customer support: Exness's support team, especially in the Vietnamese market, is always ready to support investors in Vietnamese quickly and effectively. This is very important for investors who are new or not fluent in English.
- Flexible deposit amount: Exness allows investors to open accounts with very low minimum deposits, even unlimited for some account types. This facilitates both new investors and those who want to experience the floor with small capital.
- High security: Although the account creation process may be a bit more complicated, it is necessary to ensure account security. Exness applies strict security measures to prevent fraud and money laundering.
Cons
- High slippage in times of volatility: Like many other exchanges, Exness also experiences high slippage (the difference between the order price and the order execution price) in times of strong market fluctuations, especially when important news is announced. This can affect investors' profits.
- Leverage is limited before news: To manage risk, Exness will temporarily reduce leverage to 1:200 approximately 15 minutes before important news is announced. This can limit investors' profitability during times of strong market fluctuations.
- Strict account verification process: To comply with anti-money laundering regulations, Exness has a quite strict account verification process. This may cause some inconvenience for investors, especially when depositing large amounts of money into the account.
How to register an Exness account
To explore all the features and trading tools on Exness, you need to create a trading account. Please follow these simple and quick registration steps:
Step 1: Visit the official homepage of Exness Website.
- Visit Exness official site.
- Click the "Register" button in the upper right corner of the screen.
Step 2: Fill in information to create a personal profile.
- Enter correct mobile phone number and email address. This is important information to authenticate your account and receive notifications from the exchange.
- Set a password that is difficult to guess, combining uppercase letters, lowercase letters, numbers and special characters for best account security.
- Click "Continue registration" to move to the next step.
Step 3: Verify account via email and SMS.
- You will receive a verification code consisting of digits sent to both your registered email and phone number.
- Please copy this code exactly and paste it into the corresponding boxes on the registration page.
- Click "Confirm" to complete the authentication process.
Step 4: Complete the profile.
- Provide complete personal information such as full name, date of birth, nationality, address,...
- Carefully read and agree to Exness's terms of service.
- Click "Next" to continue with the Exness registration steps.
Step 5: Protect your account with two-factor authentication (2FA).
- Choose to secure your account with a phone number or email to increase account safety.
- Enter the verification code sent to the selected phone number or email.
- Set a secret code of 6-10 characters, remember this code carefully to use when you need support.
Step 6: Provide identification documents.
- Upload a valid copy of your identification document (ID card, passport,...) to verify your identity.
- Upload utility bills (electricity, water,...) to verify residential address.
Step 7: Open an account.
- You choose the right Exness trading platform that suits your needs.
- Click "Open account" and follow the instructions to complete the account creation process.
Deposit and withdrawal methods at Exness
Exness is famous for its super-fast deposit and withdrawal processing speed, helping investors save maximum time. With more than 35 diverse deposit and withdrawal methods, this exchange meets all customer needs.
- Credit/debit card (Visa/Mastercard): Deposit money quickly, withdraw money in about 3-5 working days.
- Domestic transfer: Convenient, fast, suitable for Vietnamese investors.
- E-wallets: Skrill, Perfect Money, Neteller, WebMoney,... instant, flexible transactions. In particular, for Vietnamese investors, depositing and withdrawing via Internet Banking or treasury is very popular.
Deposits and withdrawals are usually processed instantly or within a few minutes. Exness allows withdrawals even on holidays, meeting investors' flexible trading needs.
Exness Customer Service
Exness is not only famous for its superior trading features but is also highly appreciated for the quality of its customer service.
Multilingual support team
Exness owns a team of professional customer support staff with deep understanding of the financial market. They can support customers in more than 15 different languages, including Vietnamese. In the Vietnamese market, Exness has a customer support team ready to answer all your questions 24/7.
Many contact channels
Investors can contact Exness support team through various channels:
- Email support@exness.com for support.
- Chat directly with support staff through the chat feature right on the Exness website.
- Call 18006371 for quick support.
Online support center
Exness has an online support center with a rich knowledge base, including frequently asked questions, user guides, how-to articles, etc. You can easily find information and answer questions. Questions at: https://get.exness.help/hc/vi
Through the information shared above, we can see that Exness is a reputable foreign exchange exchange, chosen by many investors thanks to many advantages such as friendly interface, fast transaction speed and support services. professional customer support. However, in Vietnam, foreign exchange trading activities on online platforms such as Exness are currently not licensed. Therefore, before deciding to trade, investors need to research carefully and develop an appropriate trading strategy to ensure safety.