Reviews About Exness From Clients From India
One of the best ways to get unbiased broker reviews is to read them on trusted websites or forums. Reading the experiences of previous traders will help a potential trader in India learn what makes the Exness outstanding or the opposite. Reviews of Exness include all the pertinent details a trader needs to verify the broker's legitimacy, including the experiences of past and present traders currently using this trading platform in India.
Exness reviews in India will help prospective traders get acquainted with the broker's overall services. However, in this article, TU experts will provide traders with reviews about Exness. Continue reading.
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What reviews are there about Exness at Traders Union?
Exness reviews by traders on Traders Union emphasize the broker's multi-market access and its proprietary trading platform. The variety of trading instruments they provide for trading meets the needs of traders. Positive customer reviews complement the broker's quick verification, deposit, and withdrawal of funds. Many reviews on Traders Union about Exness confirm that spreads are very tight, order execution is also very fast, and the trading platform is very professional. On the negative side, some customers say the customer service response time is slow.
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What is the Exness minimum deposit for clients in India?
Depending on the kind of account you choose to open, Exness has a minimum deposit. Standard or Standard Cent accounts do not have a minimum initial deposit requirement; instead, the account type is determined by the minimum deposit amount of the chosen payment method. Professional account types have a minimum first-time deposit of at least USD 200, depending on the regional requirements.
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How to start trading on Exness?
To start trading on Exness, visit the Exness website and sign up for a trading account. Submit the necessary verification documents, such as ID and proof of address, to comply with regulatory requirements. After your account is verified, deposit funds into your trading account using the available payment methods, select a trading platform that suits your preference, monitor the markets, analyze trends, and execute trades based on your strategy. Implement risk management strategies to protect your capital. Set stop-loss and take-profit levels, and be mindful of your position sizes. If you are a novice trader, you might want to practice trading with virtual money by using the demo account that Exness offers.
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Is Exness regulated? Is it legit in India?
Sure. Exness holds licenses from several international regulators. Exness regulators include CBCS (Curacao, 0003LSI), FSCA (South Africa, 51024), FSA (Seychelles, SD025), FSA (UK, 730729), FSC (BVI) SIBA/L/20/1133, and CMA (Kenya, 162). Even though the Indian financial authorities do not regulate them, they serve clients from this region, and their services are well-received in India.
Exness reviews from Indian traders
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Comment
Exness has been a huge help for me in making many successful trades! Don’t get me wrong, trading isn’t any get-rich-quick scheme. It takes time, effort, and a solid strategy. But with Exness, I've seen some solid returns on my investments. Their platform is super user-friendly, with all the tools and indicators you need to make informed decisions. I've had my fair share of wins and losses, like any trader. But overall, I've managed to grow my account nicely with Exness. Whether it's catching a trend or nailing a well-timed trade, they've provided the platform and support I need to succeed.
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Comment
I want to share how fast Exness and their team is to respond when you need help. I've gotta say, lam impressed. Whenever I've had a question regarding the site, their support team has been right there, ready to lend a hand. There was this one time I had an issue with a trade, and I needed help ASAP. I referred to their site which stated that their online support was available 24/7, so I gave it a shot and got a reply almost immediately. It's like they're always on standby, ready to tackle any problem that comes their way. Every time l've reached out, they've been super friendly and actually solved my problem.
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Comment
So far, moving money around with Exness has been smooth and easy for me. Whether I'm depositing funds to jump on a trading opportunity or cashing out my profits, the process has been hassle-free. One thing that I greatly appreciate is the responsiveness of their site in processing deposits. Accessible buttons are all over the site so no troubles are encountered trying to find that specific button to do that one thing. On top of that, on the off chance that you're experiencing delays, people from their team are easily approachable to help you out. If you're after a broker that handles your funds smoothly and has your back when things don't go as planned, Exness is worth checking out.
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Comment
Traders can utilize the risk management features available on Exness to minimize the risk of losing trades easily when they are trading cryptocurrencies like Bitcoin. This has become a popular strategy among traders of all levels and it is recommended. Doing this is easy on Exmess, you can set the volume in units for your BTC,volume in lots, and volume in currency. Including a stop-loss order helps to limit potential losses by automatically closing a trade when the price reaches a specified level. To use a stop-loss, determine the level at which you are willing to accept a loss if the trade moves against you. A take-profit order is used to lock in profits by automatically closing a trade when the price reaches a specified level. To use a take-profit determine the level at which you want to take profits if the trade moves in your favor.
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Comment
I consider Exness to be a straightforward and reliable broker. This company has been operating for a long time, and many traders trust it. The broker holds several licenses depending on the country where the company provides services. One of the company's features is the ability to open an account in any convenient currency, although I prefer euros. Also, Exness offers a wide range of trading instruments, and I mainly use highly liquid currency pairs.
Is Exness Regulated in India? Is it Legit?
Exness is a reputable trading platform that is regulated by multiple financial regulators, but none are from India. Exness's license from foreign financial regulators allows it to provide trading services in India, even though it is not regulated there. The following financial organizations oversee Exness:
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The Financial Conduct Authority in the United Kingdom (FCA, 730729)
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South Africa Financial Sector Conduct Authority (FSCA, 51024)
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Seychelles Financial Services Authority (FSAS, SD025)
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Cyprus Securities and Exchange Commission (CySEC, 178/12)
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Financial Services Commission (FSC) - Mauritius
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The Capital Markets Authority (CMA, 162) - Kenya
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Central Bank of Curacao and Sint Maarten (CBCS, 0003LSI)
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Financial Services Commission (FSC, SIBA/L/20/1133) - British Virgin Islands
Because Exness welcomes clients from India, it is not mandated to obtain authorization from the Securities and Exchange Board of India (SEBI) to serve Indian traders. The broker adheres to Indian financial protocols in its operational framework. Exness extends insurance coverage of up to EUR 20,000 per client in case of force majeure events and holds membership with the Financial Commission. Additionally, Exness offers negative balance protection, assuring compensation for losses if an account balance reaches zero. This protective feature is accessible to all Exness customers, regardless of their account type.
Exness has been actively participating in the Forex market since 2008 and is represented by several affiliated entities that offer a diverse range of multi-asset financial services. While the product offerings may differ across these entities, each Exness entity strictly adheres to the principles and regulations established by the relevant regulatory bodies.
For traders, Exness's service offers advantageous working conditions, including cheap commissions, quick order execution, and fund withdrawal. Depending on the requirements of the traders, there are multiple ways to open an account. There is a training account called a demo account that is beneficial for both novice and experienced traders.
Pros and cons of Exness
Below are Exness pros and cons in India.
👍 Pros
• Exness's low minimum deposit requirement makes it accessible to a wide range of traders.
• It offers a wide variety of trading instruments, including Forex, metals, energies, and cryptocurrencies.
• Exness is regulated by reputable financial authorities, providing traders with a certain degree of security and transparency.
• Exness provides sophisticated and easy-to-use trading platforms for both new and seasoned traders. It incorporates the desktop and mobile versions of MT4 and MT5 and Exness Trading Terminal, which is available on browser-based and mobile platforms.
• Additionally, the platform offers segregated account security, which gives your investments an additional degree of protection.
• Exness makes sure you can access your money fast by providing an instant withdrawal option that is available 24/7.
• Exness safeguards your privacy and security by adhering to the Payment Card Industry Data Security Standard (PCI DSS).
• Exness offers a social trading service with the copying of signals.
• Exness provides over 120 currency pairs, stocks, and cryptocurrencies as part of its extensive range of CFD offerings.
• Having entered the Forex market in 2008, Exness is represented by several connected companies that provide a wide range of financial services related to multiple assets. While the product offerings may differ across these entities, each Exness entity strictly adheres to the principles and regulations established by the relevant regulatory bodies.
• Exness is also a member of the Financial Commission and offers insurance to its clients that can cover up to EUR 20,000 per person in case of a force majeure. Notably, Exness protects all of its clients from negative balances, irrespective of the kind of account they have.
• Exness offers fee-free trading options, top-tier liquidity, and some of the lowest spreads, starting at 0.1 pips, for active traders.
• If you want to trade with expert advisors, Exness offers the best conditions, including low fees, lots of liquidity, and well-located servers in major Forex hubs.
• Exness offers free VPS hosting if you trade for at least 14 days and deposit $500 total over time.
👎 Cons
• The Exness training resource section may be challenging for non-native speakers to use as it is currently only available in English. Expanding the range of languages available could improve the inclusiveness of learning resources.
• Although it offers simple research tools, some traders might be looking for more sophisticated features for analysis.
• Absence of investment fund services, such as PAMM accounts.
Team that worked on the article
Peter Emmanuel Chijioke is a professional personal finance, Forex, crypto, blockchain, NFT, and Web3 writer and a contributor to the Traders Union website. As a computer science graduate with a robust background in programming, machine learning, and blockchain technology, he possesses a comprehensive understanding of software, technologies, cryptocurrency, and Forex trading.
Having skills in blockchain technology and over 7 years of experience in crafting technical articles on trading, software, and personal finance, he brings a unique blend of theoretical knowledge and practical expertise to the table. His skill set encompasses a diverse range of personal finance technologies and industries, making him a valuable asset to any team or project focused on innovative solutions, personal finance, and investing technologies.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).