Exness is a UK-registered corporation, and Exness brokers are regulated by the FCA, so we can be fully trusted by Exness’ policies and legal compliance practices. In addition, Exness is also bound by the FSCS, including a provision for Exness to refund traders £ 85,000 when they decide to stop trading.
Over the years of operation, Exness has expanded its scale to Cyprus. Exness’s Cyprus branch belongs to Exness (CY) Ltd, managed by CySEC. One criterion that this company set out is law enforcement in financial markets. Moreover, because they are members of the Investor Compensation Fund (ICF), so in case Exness is unable to meet financial needs, they will be provided a reimbursement of up to 20,000 Euro by ICF. So how do I withdraw money from Exness? Let’s find out.
MT4 and MT5 are the two most commonly used devices in all types of forex brokers, including Exness .
MT4 is the number one platform in the world, you access your trading with this software. You can make automated trades by familiarizing yourself with Expert Advisors. Some effective features of MT4: VPS hosting, drag and drop charts, Economic Calendar, customizable trading indicators …
Exness spreads are between 0.5 – 0.9 pips and leverage is limited by ESMA at 1:30. However, there will be exceptions depending on the requirements of clients who are professional traders (in case their deposits are significant and they have specific requirements).
There is no commission on spreads.
Your transactions are monitored on Android and iOS devices. In addition, you also have access to your account using a computer.
MT5 is the successor to MT4, so it has learned from experience and created easier-to-use features than MT4 such as: improving the time frame, good trading Bot… However, after nearly 10 years, this version still cannot completely replace MT4.
Exness is regulated by ESMA and as the leverage information we mentioned above is 1:30. So, be aware that you may come across information about higher leverage on any website, so it is wrong. There are still cases where leverage goes up to 1: 200, but these are exceptions for professional clients.
The EUR/USD spread is a fluctuating 0.5-0.9 pips.
One more note is that this is the specified commission level, so any time you receive commission information higher than the Spread range of 0.5-0.9 pips is also wrong.
You can perform transactions using MT5 on Android and iOS devices, even on a personal computer.
Exness minimum deposit
How do I withdraw money from Exness? Let’s start with the deposit. Initially, you must perform a minimum deposit of $500 to open an Exness account. This limit is gradually lowered, for credit cards of $3 and all other methods for $10.
Ways to fund an account: Wire Transfer, Neteller and Skrill, Bank Wire.
Types of currencies traded at Exness: USD, EUR, CNY, GBP, JPY, CHF.
Exness withdrawal time and fees
How do I withdraw money from Exness? This is probably a common question of traders.
FCA and CySEC are the two entities responsible for ensuring the safety of the transfer and withdrawal process.
Neteller and Skrill help you to withdraw money immediately while the remaining 2 methods you will receive money after 3-5 days. This is the time for Exness to handle the money.
There are no fees
Clients of Neteller sends a withdrawal request with a minimum of $4, minimum Skrill of $10 and $3 to 6 for card accounts depending on the type of card will have different denominations. Lastly, the minimum withdrawal amount for Wire Transfer users is $40. Next, find where to learn forex trading in 2020.