Exness Bangladesh Review 2024 - TU expert opinion
Is the Forex market legit in Bangladesh?
Forex trading in Bangladesh is legal, but there are certain restrictions. Only the residents of the country can register with the local brokers. Bangladesh Bank is the financial regulator. The bank issues licenses, supervises the operation of Forex brokers and also settles disputes between clients and brokers.
Bangladesh is a Muslim country, and the brokers that are registered there officially provide an Islamic account. It is a special account that complies with the Sharia Law. Clients can use only accounts opened in the national currency for trading.
How to Trade Forex in Bangladesh
In order to start trading in the Forex market in Bangladesh, you need to register with a broker. Verification is mandatory; you will need to confirm that you are a citizen of Bangladesh or have a residence permit. You will also need to provide proof of address.
Detailed Review of Exness in Bangladesh
Exness is a good choice for traders from Bangladesh. The broker complies with all the requirements of the local regulator and offers attractive trading conditions for the clients.
Eight international regulators and the independent Financial Commission supervise Exness activities. This ensures a high-security level regardless of the Exness Group subdivision. Financial reports on main indicators, such as trading volume, active clients, withdrawal amounts, and partner rewards, are updated monthly on the broker’s website. Every six months, Deloitte (London), which is one of the Big Four global accounting firms, conducts audits of Exness. The broker also offers a fairly extensive list of CFDs on stocks, such as: Nvidia stock, Apple stock, Google stock, Tesla stock etc.
Exness performance as of September 2023:
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650,000+ active clients;
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Over $1.7 billion of withdrawn funds;
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Over $140 million of paid partner rewards.
Advantages of Exness for trading in Bangladesh
Traders Union analysts conducted a detailed analysis of Exness for traders from Bangladesh. The experts outlined the key benefits of the company for the clients from this country. The advantages of the broker are as follows:
Spreads from 0.3 pips on standard and 0 pips on professional account types;
Competitive fees per lot on accounts for experienced traders;
Free analytical tools and access to the WebTV newsfeed;
High partner rewards for attracting new clients;
Participation in international compensation funds that return investors’ money in case of the broker’s bankruptcy;
24/7 technical support is available in 5 languages, including English.
Exness adheres to a client-oriented approach in its payment processing policy. Therefore, instant deposits and withdrawals with no broker’s fees are available.
Analysis of the Main Features of Exness in Bangladesh
Traders Union analysts analyzed the key features of Exness for traders from Bangladesh. TU uses its own evaluation method, assessing each block separately. Based on the results of the assessment, an overall score is given.
Trading conditions for Exness traders from Bangladesh
It is important to assess trading conditions before you decide to work with a specific company. Traders Union analysts have prepared a comparison of Exness trading conditions for traders from Bangladesh. The experts analyzed minimum deposit, trading platforms, leverage and other important information that could impact a trader's choice of a broker.
| 💻 Trading platform: |
MetaTrader 4/5 (desktop, web, and mobile), Exness Terminal (web), and Exness Trade App (mobile)
|
|---|---|
| 📊 Accounts: |
Standard type: Cent, Standard, and Plus
Professional type: Pro, Zero, and Raw Spread |
| 💰 Account currency: |
EUR, USD, GBP, CAD, AUD, and CHF for all account types;
38 more currencies for non-cent account types |
| 💵 Replenishment / Withdrawal: |
Skrill, Neteller, Perfect Money, BTC, USDT, USDC, VISA, VISA Electron, Mastercard, Maestro, and internet banking
|
| 🚀 Minimum deposit: |
$10
|
| ⚖️ Leverage: |
1:unlimited for retail clients
|
| 💼 PAMM-accounts: |
No
|
| 📈️ Min Order: |
0.01
|
| 💱 Spread: |
Standard: from 0.3-1 pips subject to the account type;
Professional: from 0-0.1 pips subject to the account type |
| 🔧 Instruments: |
Forex CFDs on: cryptos, commodities, indices, and stocks
|
| 💹 Margin Call / Stop Out: |
Standard: 0%/60%
Professional: 0%/30% |
| 🏛 Liquidity provider: |
FXCM Pro and ADS Securities
|
| 📱 Mobile trading: |
Yes
|
| ➕ Affiliate program: |
Yes
|
| 📋 Orders execution: |
Cryptocurrencies — market;
Other assets — instant/market (Pro), market (Zero, Raw Spread, and standard account types) |
| ⭐ Trading features: |
Floating spreads;
Fixed fee per lot on professional account types. |
| 🎁 Contests and bonuses: |
Occasionally
|
Exness Commissions and Fees
Traders Union analysts analyzed commissions and fees charged by Exness for traders from Bangladesh. Within the framework of the analysis, all types of trading and non-trading fees traders are charged with were evaluated.
Exness charges only trading fees. These are spreads on Standard and Pro accounts and spreads + fees per lot on Raw Spread and Zero accounts. The company doesn’t withhold non-trading fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard Cent | $0.3 | No |
| Standard | $3 | No |
| Standard Plus | $10 | No |
| Raw Spread | $0 | No |
| Zero | $0 | No |
| Pro | $1 | No |
When traders transfer positions overnight, they either earn or lose money on swaps.
The comparative table below shows the average fees of three brokers. TU experts have compared Exness spreads to spreads of RoboForex and Pocket Option to find out whether they are compatible.
Expert Review of Exness
Exness has been providing its services since 2009. Over this period, the company has opened its representative offices worldwide, obtained licenses from many regulatory authorities, and provided in-house platforms for active and passive trading. Its client investments are protected by the Compensation Fund of the Financial Commission. Additional security measures, such as holding client funds in segregated accounts, ensure their safety and blocking from unauthorized use.
Today, Exness is one of the biggest European and global brokers with a monthly trading volume of $4.44 trillion. This data is provided on the company’s website in the public domain. Also, there are reports of independent audits regularly held by Deloitte, a highly reputable auditor.
Exness wants to be a universal broker for traders with any capital, experience, and strategy. Moreover, its partnership programs with favorable conditions allow the broker to expand its already extensive client base.
FAQs
Is Exness legal in Bangladesh?
Yes. Exness operates legally in Bangladesh. The broker holds the necessary licenses.
Can you learn trading with Exness? Does the broker offer courses for traders from Bangladesh?
Yes, Exness offers good trading courses and a lot of educational information for clients from Bangladesh.
Can Exness be trusted? Has the broker been operating in Bangladesh long?
Exness has been operating in Bangladesh quite long and has a good reputation. Therefore, traders can work with Exness.
Is Exness suitable for novice traders from Bangladesh?
Yes. Exness offers optimal trading conditions and good education for beginners from Bangladesh.
How efficient is Exness customer support in Bangladesh?
Exness offers a sufficient number of ways to contact customer support in Bangladesh, and also provides support in the state language.
Has Exness had any incidents involving theft of funds of clients from Bangladesh?
No. Exness provides reliable security of funds of clients from Bangladesh.
Will I be able to file a lawsuit in Bangladesh if Exness violates my rights?
Yes. If Exness violates your rights, you can file a complaint with the regulator of Bangladesh, and then with a court.
Can Exness clients from Bangladesh use the broker’s mobile app?
Yes. The mobile app of Exness is available for the clients from Bangladesh.
Does Exness provide Bangladesh market analysis?
Analysis of Bangladesh is featured in the information provided by Exness.
How can I withdraw funds from my account at Exness in Bangladesh?
Exness supports bank transfers and debit/credit cards of the banks operating in Bangladesh.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Olga has extensive experience in writing and editing articles about the specifics of working in the Forex market, cryptocurrency market, stock exchanges and also in the segment of financial investment in general. This level of expertise allows Olga to create unique and comprehensive articles, describing complex investment mechanisms in a simple and accessible way for traders of any level.
Olga’s motto: Do well and you’ll be well!