Exness is an adequately regulated Forex broker which offers its clients a variety of services, including several types of trading platforms and automated trading solutions. In addition to this, it provides a wide range of instruments to operate in the market, which together with right working conditions, make this broker an option to consider.
The process of opening a trading account with Exness is quite quick and straightforward and takes a few minutes.
In this case, the client must complete a form on the broker’s website where basic information (name, email and telephone number) is requested, the type of account selected and the base currency for the deposit of funds.
Once the form is completed, sent and processed, the trader must activate the account through an email sent by the company sent to the email address included in the form. With this, the account is activated, and the trader can start trading in the market once he deposits the necessary funds.
The minimum deposit to start trading with Exness is $1. In this case, the trader can use the following means to deposit and withdraw funds from their accounts:
- Wire transfer
- Credit card
- Perfect Money
In this case, deposits can be made in more than ten currencies, including euros, US dollars and sterling.
This broker has a great option to offer its clients, created especially for new investors, and is to open a Demo account.
It allows the user to choose between a Mini, Classic or ECN account, (three types of account that EXNESS currently offers) for a limited period so that the client decides whether or not to continue with the services provided by the broker.
The first is the “mini account” in which the minimum operation is one micro lot (0.01 lot), and the maximum leverage is 1:2000.
This account offers immediate execution, and the broker acts as a counterpart of our operations, that is, with a money table (Dealing Desk). It should be noted that it does not currently require a minimum investment to open this account.
The “classic account” differs from the mini in that it requires a minimum of $2000 of initial deposit. The minimum transaction is 0.1 lot and forex execution is also instantaneous.
The ECN account, unlike the other two, has direct access to the market and they charge $25 for every million dollars negotiated by default. It can be opened from $300 and the execution type is Market Execution. Naturally, the broker does not act as counterparty in this account and there is no money table (Dealing Desk).