Reviews about Exness from clients in Indonesia
According to customer reviews on the Traders Union portal, Exness is considered reliable and safe. Exness offers automatic swap-free accounts to clients from Muslim countries. It also has a low minimum deposit requirement of $10, which makes it convenient for beginners and those with limited funds to participate in the financial market.
Exness is one of the leading financial trading brokers that has become a force to reckon with; it has a global presence, with clients from more than 130 countries, including Indonesia. In today’s Exness review, we detailed the firsthand experiences and perspectives of the Indonesian trading communities on Exness. We aim to help Indonesian traders make objective decisions on Forex brokers by revealing the legitimacy, performance, suitability, reliability, and overall satisfaction levels of other Indonesian traders who have used the Exness brokerage.
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Is Exness regulated in Indonesia?
Exness is not officially regulated in Indonesia. However, it is regulated in other countries by reputable financial institutions like the Financial Service Authority (FSA) in Seychelles, Central Bank of Curaçao and Sint Maarten (CBCS) in Curaçao and Sint Maarten, Financial Service Commission (FSC) in British Virgin Islands, Financial Sector Conduct Authority (FSCA) in South Africa, Cyprus Securities and Exchange Commission (CySEC) in Cyprus, Capital Markets Authority (CMA) in Kenya, and Financial Conduct Authority (FCA) in the UK.
Exness reviews from Indonesian 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 Indonesia? Is it safe?
Exness is not directly regulated by the Otoritas Jasa Keuangan (OJK), the government agency in Indonesia that monitors financial activities. However, it is one of the safest and most reliable brokers for Indonesian clients in the financial trading industry.
Exness holds licenses with other financial regulatory institutions from various countries. Exness is licensed to operate by institutions like FSC (License N0. GB20025294), FCA (register No. 730729), CySEC (License No. 178/12), FSCA (FSP No. 51024), CMA (License No. 162), and FSA (License No. SD025).
Furthermore, Exness has been in operation since 2008 and has maintained an excellent track record of offering stable and reliable trading services to different clients, including Indonesians. It is also known for transparency, no hidden commissions, and has a good user satisfaction record in the financial trading industry. In essence, Exness is an internationally regulated Forex broker; therefore, it is safe for Indonesian clients.
Does Exness Indonesia offer swap-free accounts?
Yes, Exness offers swap-free accounts. Swap-free accounts are special types of accounts designed to comply with the Sharia law of no riba (prohibits giving or receiving profits). Exness offers an automatic swap-free account to clients who register from an Islamic country, which makes it (Exness) a good choice for Indonesian traders who are predominantly Muslims.
Here are some of the salient features of the swap-free accounts on Exness:
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Interest-Free Trading: Trade positions held overnight on swap-free accounts are exempted from charges (swap), which aligns with the Islamic principles of no interest.
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Rollover Fees: Exness does not charge a rollover fee on Swap-Free accounts, allowing clients to hold trade positions for an extended period.
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Available for All Account Types: Swap-Free accounts are available on all the trading accounts on Exness for clients with swap-free status. This implies that Indonesian traders can open any account type (standard, raw, etc.) on Exness, and it would be swap-free!
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Equal Trading Conditions: Swap-free account holders enjoy similar trading conditions as other traders with regular accounts. No hidden charges, access to a wide range of trading instruments, etc.
Exness Indonesia: pros and cons
👍 Pros
• Regulation: Exness is regulated by different reputable financial authorities like CySEC, FCA, FSCA, etc., to ensure the security of clients’ funds and to provide the best trading atmosphere for clients.
• Swap-Free Accounts: Exness offers automatic swap-free accounts to clients from Muslim countries.
• Wide Range of Instruments: Exness provides clients access to trade a wide range of financial instruments like Forex, cryptocurrencies. and commodities.
• Low minimum deposit: Exness has a low minimum deposit requirement of $10, which makes it convenient for beginners and those with limited funds to participate in the financial market.
👎 Cons
• Training Resources are in English: The training resource materials on Exness are available only in English, which could be a barrier for non-English speaking clients.
Features of trading on the Exness platform
Here are some of the key features available on the Exness platform:
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Minimum deposit: Generally, Exness offers $10 as the minimum deposit requirement in most cases.
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Fees: The fees structure on Exness is modest in the financial trading industry. Typically, Exness has tight spreads and charges low commissions.
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Account Types: Exness has various account types like the standard, standard cent, raw spread, zero, and pro. These account types have different features, spreads, etc., to meet the needs of different categories of traders.
Team that worked on the article
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).