Exness Trade Forex broker specializes in providing foreign exchange trading services, the company's official website https://ex-nesstrade.live/fxtrade/index-2.html, the company's legitimate regulatory information VanuatuVFSCRetail Forex License, to enhance the security of the company's address Building, BP 1276, Port Vila, Vanuatu.
Exness Trade Forex Broker
Basic information
Vanuatu
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Exness Trade Information
Exness Trade is a broker. The tradable instruments include FX pairs, indices, metals, shares, and crypto. The broker also provides four accounts with a maximum leverage of 1:500. The minimum spread is from 0.3 pips and the minimum deposit is $300. Exness Trade is still risky due to its suspicious clone status.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:500 | Suspicious Clone |
| 24/7 customer support | Inaccessible official website |
| MT4 available | Unclear swap fee |
| Spread as low as 0.3 pips | Unspecific transfer time and fee information |
| Demo account available | |
| Various tradable instruments |
Is Exness Trade Legit?
Exness Trade is regulated by VFSC with license number 700546, but the current status is 'suspicious clone'.
What Can I Trade on Exness Trade?
Exness Trade offers a wide range of market instruments, including FX pairs, indices, metals, shares, and crypto.
| Tradable Instruments | Supported |
| FX pairs | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Shares | ✔ |
| Crypto | ✔ |
| Stocks | ❌ |
| Commodities | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
Exness Trade has four account types: flat, crypto, cent, and standard. Traders who want low spreads can choose flat and crypto accounts, while those with a sufficient budget can open a standard account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Everyone can also earn money by copying the success of top traders.
| Account Type | Flat | Crypto | Cent | Standard |
| First Deposit | 300 USD/EUR | 400 USD | 500 USD/EUR | 1000 USD/EUR |
| Typical Spreads | 0.04 | 0.04 | 2.0 | 1.2 |
| Min. Volume lots | 0.01 | 0.01 | 0.01 | 0.01 |
| Max. Leverage | 1:500 | 1:500 | 1:500 | 1:500 |
Exness Trade Fees
The spread is as low as 0.3 pips and 0% commission. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:500 meaning that profits and losses are magnified 500 times.
Trading Platform
Exness Trade cooperates with the authoritative MT4 trading platform available in IOS, Laptop, PC, and Android to trade. Besides, it offers a propriety Allpips trading platform available in IOS, Laptop, PC, and Android Junior traders prefer MT4 over MT5. MT4 and MT5 not only provide various trading strategies but also implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| Allpips | ✔ | IOS/Laptop/PC/Linux/Android | - |
| MT4 | ✔ | IOS/Laptop/PC/Android | Experienced traders |
Deposit and Withdrawal
The minimum deposit is $300. Exness Trade accepts Visa, Mastercard, Tether, Bitcoin, and Ethereum for deposit and withdrawal. However, due to the official website being inaccessible, transfer processing times and associated fees are unknown.
Rating Index
Exness Trade Similarly Rated Brokers
Antonio Rossi Y
Italy
I had some issues when I tried to take my money using MasterCard. Lums helped me talk to them and I was able to get my money. Very thankful! 👍👍👍
Positive
2024-08-07