Exinity Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $20
- MT4
- MT5
- FSC
- FSRA
- 2002
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $20
- MT4
- MT5
- FSC
- FSRA
- 2002
Our Evaluation of Exinity
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Exinity is a broker with higher-than-average risk and the TU Overall Score of 4.42 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Exinity clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
Exinity is a multi-regulated broker that provides a comfortable trading environment for active traders and passive investors with any experience in financial instruments.
Brief Look at Exinity
Exinity is an international Forex broker that has been providing services since 1998. It offers its clients access to trading currency pairs, CFDs on stocks, commodities, and indices with leverage. Exinity also supports trading in real shares of global companies. The broker allows any style of trading, allows you to trade without swaps, and provides tools for risk management. The company’s activities are regulated by the supervisory authorities of the Republic of Mauritius (FSC, C113012295) and the United Arab Emirates (FSRA, 200015). The broker is also a member of the Financial Commission.
- Regulated in two jurisdictions and has long experience in financial markets.
- Start trading using a standard account after making a deposit of 20 USD.
- High leverage on major currency pairs on all account types.
- Access to trading through MetaTrader mobile and desktop terminals.
- No non-trading commissions (for deposits/withdrawals, software, and account maintenance).
- Availability of a referral program and investment solutions for passive income.
- Tight spreads on all types of accounts, including standard accounts.
- Traders cannot trade on cent accounts.
- There are no cryptocurrencies in the list of assets available for trading.
- To invest in PAMM accounts, additional registration with partner brokers is required.
TU Expert Advice
Financial expert and analyst at Traders Union
The Exinity broker is part of an international holding company that also includes Alpari and Forex Time (FXTM). Over more than 20 years of experience, it has expanded its client base to 3 million traders and received several brokerage licenses. Exinity invites both beginners and more experienced market participants to cooperate. The company also offers premium trading conditions for professional traders.
Exinity provides its clients with free analytics and real-time market data. Everyone can participate in webinars including analysts with many years of experience in the financial markets. Traders who have opened an account with this broker can trade through MetaTrader terminals, invest in PAMM, and copy trades of market participants with successful strategies.
All Exinity accounts have floating spreads, market execution, and flexible leverage. On weekdays, the chat operator can be contacted around the clock. In addition to Arabic, there is also support in English. Anyone can ask a question about trading conditions: even unregistered users, company representatives answer not only quickly, but with due diligence.
Exinity Summary
| 💻 Trading platform: | МТ4 (desktop, mobile), МТ5 (desktop, mobile) |
|---|---|
| 📊 Accounts: | Demo account, Exinity World, Exinity Trader, Exinity Trader Pro, Islamic accounts |
| 💰 Account currency: | USD, AED |
| 💵 Replenishment / Withdrawal: | E-wallets (Skrill, Neteller, etc.), credit and debit cards, bank transfers |
| 🚀 Minimum deposit: | from 20 USD |
| ⚖️ Leverage: | Up to 1:2000 (for retail traders), and up to 1:500 (for professional clients) |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 Spread: | Standard accounts, from 0.7 pips;ECN, from 0.1 pips |
| 🔧 Instruments: | CFD on currencies, stocks, metals, energy products, commodities, indices; actual stock |
| 💹 Margin Call / Stop Out: | 100%/50% |
| 🏛 Liquidity provider: | Top-ranked banks |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | Scalping and expert advisors are allowed, CFDs on cryptocurrencies cannot be traded |
| 🎁 Contests and bonuses: | Yes |
With the Exinity, traders can open standard, Islamic, and ECN accounts. A demo account is also available. Classic MetaTrader 4 and 5 terminals are provided for trading. The minimum deposit varies: retail traders can start trading with $20; and professionals with $10,000. The maximum leverage also depends on the status of the client. Exinity allows you to trade using mobile devices and it offers a referral program and bonuses.
Exinity Key Parameters Evaluation
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Trading Account Opening
The first step to start trading with the Exinity broker is to register and create a user account on its website. The following is a short guide to help you quickly go through the necessary procedure.
Go to the company website and click Join Exinity.
Select the type of account you would like to open. The Exinity World account with a minimum deposit of $20 can only be opened on the mobile app, which can be downloaded from the Play Store or Apple App store.
If you have chosen Trader or Trader Pro, the system will prompt you to fill in the registration form. In it, you need to specify the country of residence, email address, phone number, and also enter a password that you have created.
After that, go to your email box and click on the link provided in the letter from Exinity.
Features of the Exinity user account:
Also in the user account you have access to:
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Funding the trading account and filing applications for withdrawal of funds.
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Passing verification and entering/changing personal data.
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Viewing transaction history.
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Button for contacting a technical support representative.
Regulation and Safety
Exinity is a trademark of the Exinity Limited group, whose subsidiaries are Alpari International and FXTM (Forex Time). Exinity Limited is regulated by two commissions: the Financial Services Commission of Mauritius (License No. C113012295) and the Financial Services Regulatory Authority of the UAE (Financial Services Authorization No. 200015).
Also, the group of companies is a member of The Financial Commission, so the deposits of all Exinity Limited clients are subject to the commission’s protection scheme. According to its terms, each trader receives up to €20,000 from the Compensation Fund in case of the financial insolvency of the broker.
Advantages
- Client deposits are held in segregated bank accounts rather than internal Exinity accounts
- Mauritius and Abu Dhabi regulators allow high leverage and electronic payment systems
Disadvantages
- Long and complicated refund procedure from the Compensation Fund
- Logging into the user account is carried out using a login and password without using two-factor authentication
- Negative balance protection only applies to professional clients
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Exinity World | from $7 | No |
| Exinity Trader | От $7 | No |
| Exinity Trader Pro | От $1 | No |
The broker charges swaps fees, but Islamic accounts are also available. On them, instead of swaps, after 7 days of holding a position, they charge the commission for the exchange.
To understand how favorable trading conditions at Exinity are, the below table compares its spreads with the commissions of other Forex brokers, such as RoboForex and Forex4you.
| Broker | Average commission | Level |
|---|---|---|
|
$5 | |
|
$1 | |
|
$8.5 |
Account Types
Exinity offers 3 pricing plans with different deposit and leverage sizes. They also differ in the principle of calculating trading commissions, the presence/absence of swaps, and the regulatory supervision body.
Account types:
You can request a demo version of the trading plan with a virtual deposit of $5,000.
Exinity offers favorable trading conditions for both beginners and experienced traders who prefer to work using the electronic ECN system.
Deposit and Withdrawal
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The available withdrawal methods depend on the type of account and the client’s country of residence. The company offers the use of bank transfers, credit and debit cards, and electronic wallets.
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A prerequisite for withdrawing money: the same payment method must be used for both depositing and withdrawing money.
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There are no requirements for a minimum transfer amount by any method.
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The company does not charge a fee for withdrawing funds.
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Most payments are instant, but if the client has requested a withdrawal via bank transfer, the procedure can take up to 5 days.
Investment Options
In addition to favorable conditions for active trading, Exinity offers solutions for generating passive income. Its clients can copy trades of members of the MQL4.community, as well as use expert advisors, robots, and applications for algorithmic trading. The referral program and a PAMM service are also available.
Passive income with PAMM accounts
Traders can invest in PAMM trust management accounts. However, to do this, they need to open an investment account with one of the Exinity partners, such as Alpari or FXTM. Features of working with the money management services based on PAMM:
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The minimum investment amount is $100.
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An investor can connect to several managers, but to copy transactions of each trader, you need to open a separate investment account.
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The broker does not withhold additional commissions for using the service - the investor gives the agreed percentage of profit (up to 40%) to the strategic manager, but only for profitable transactions.
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Managers in the rating can be sorted by a variety of criteria, such as the number of subscribers, risk level, maximum drawdown, account life, etc.
Any client of partner brokers can become an investor. Companies also invite account managers to cooperate. However, registration as a PAMM manager is only available to experienced traders who successfully trade from an ECN account.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
Exinity’s affiliate program:
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Partners of the company receive up to 500 USD for each attracted qualified client. For a trader to be recognized as a qualified client, he must make a minimum deposit and trade the number of lots specified in the contract. A CPA commission is paid once a month between the 1st and 14th days of the month.
Both a legal entity and an individual over the age of 18 can become a partner. To participate in the program, a potential referral must have a website focused on finance or trading in various Forex instruments. Any adult owner of the site can apply, however, if its content does not correspond to the criteria indicated above, then the broker has the right to refuse partnership.
Customer Support
From Monday to Friday, the support service is available around the clock; on Saturday, from 9:00 to 14:00; and on Sunday, from 10:00 to 18:00 (GMT).
Advantages
- Professional and fast support via chat
- Clients and traders without registration can ask for help
- Round the clock operation on weekdays
Disadvantages
- No callback
- Phone numbers shown are for Kenya and UAE only
Ways to contact client support:
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a call to the indicated phone numbers;
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form for receiving a response by email;
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online chat.
You can also ask a question in the company’s profiles on Facebook, Twitter, and Instagram.
Contacts
| Foundation date | 2002 |
|---|---|
| Registration address | Exinity Limited, 5th Floor, NEX Tower, Rue du Savoir, Cybercity, 72201 Ebene, Republic of Mauritius |
| Regulation | FSC, FSRA |
| Official site | https://exinity.com/ |
| Contacts |
+254 207 640 415
|
Education
The Exinity website has a limited number of tutorial articles. Most of them are presented in the Edge section. There is also some theory about the Forex market in the Education block, which opens after clicking the Support button.
The broker offers demo accounts, which are accounts for virtual trading without the risk of financial losses.
Comparison of Exinity with other Brokers
| Exinity | RoboForex | Pocket Option | Exness | IC Markets | XM Group | |
| Trading platform |
MetaTrader4, MetaTrader5 | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 | MT4, cTrader, MT5, TradingView | MT4, MT5, MobileTrading, XM App |
| Min deposit | $20 | $10 | $5 | $10 | $200 | $5 |
| Leverage |
From 1:1 to 1:2000 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:30 |
| Trust management | No | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No | No |
| Spread | From 0.1 points | From 0 points | From 1.2 point | From 1 point | From 0 points | From 0.6 points |
| Level of margin call / stop out |
100% / 50% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 50% |
| Execution of orders | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | Yes | No | No | No | Yes |
Detailed Review of Exinity
Exinity is aimed at residents of Africa and Asia, but it also accepts traders from Europe, Australia, and other regions. The broker is not interested in the trading experience of the potential client. It offers accounts for both professionals and beginners who do not have large amounts to deposit at the time of registration. Exinity allows you to trade from various account types (standard, ECN, Islamic) and use passive strategies.
Exinity by the numbers:
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It has traded for over 20 years.
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It is regulated by 2 international agencies.
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It has offices on 4 continents.
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It serves more than 3 million traders from 120 countries.
Exinity is a broker for trading Forex instruments, CFDs, and stocks
Traders can trade more than 150 currency pairs with leverage up to 1:2000 via this broker. There are also CFDs on shares of global companies (long or short positions) and more than 30 CFDs on stock indices. In addition, you can make transactions with various types of commodities, metals and energy. Exinity supports stock CFD trading and real stock trading. The broker focuses on US and Hong Kong securities, but stocks of other markets are available as well. At the same time, clients can trade both whole stocks and their shares. Exinity charges no fees for holding US stocks and offers free real-time market data.
The available trading platforms are MT4 and MT5. Clients can make transactions not only in the desktop version of the selected terminal but also in the mobile application. The broker allows the use of advisors and automated trade software. They do not provide a web platform.
Exinity useful services:
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Market Analyzer. A tool that shows market sentiment, analytics and alerts from leading news feeds directly to the trading platform.
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Economic calendar. It displays important events for traders in the financial and economic spheres.
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Analysis from Exinity experts. Offers reviews of various markets that are published on the broker’s website. New articles appear 1-2 times a day.
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Automatic risk management. The company has set the maximum loss. By default, it is 60% of the invested amount for any trade. The client can reduce the percentage at any time.
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Free online seminars. Clients with any trading experience can participate in webinars conducted by the company’s analysts. There, experts give recommendations and forecasts regarding the possible behavior of global financial markets.
Advantages:
Trading in currency pairs, CFDs, and stocks listed on stock exchanges is conducted from a single account.
Client funds are held in the accounts of top-tier banks and are completely segregated from the broker’s assets.
The broker offers stocks of American companies that pay dividends to shareholders.
All trading strategies are allowed, including scalping and hedging.
Retail traders can trade with leverage up to 1:2000, professional clients are allowed leverage up to 1:500.
For depositing and withdrawing funds, cards, bank transfers, and popular electronic systems are available.
User Satisfaction