Reviews About Exness From Philippine Clients
Exness reviews in the Philippines
According to customer reviews on the Traders Union portal, this broker is considered safe and reliable. They have a low spread, several account types and trading platforms, quick deposit and withdrawal procedures, training materials, and round-the-clock customer support. The shortcomings highlighted are the limited advanced trading instruments and the lack of regional regulation.
Potential traders in the Philippines need to read reviews about Exness before opening a trading account with the broker. Even though Exness is still among the top brokerages globally, not every trader may like the terms and conditions it is operating under. It is best practice to read reviews about Exness and the broker's services to know if they suit your trading style. Also, verifying if the broker is regulated in the Philippines is another way to ensure you are trading with a genuine platform.
However, in this article, TU experts will introduce you to Exness reviews in the Philippines, tell you if Exness is regulated in the Philippines, and also explain the benefits of trading with this broker in this jurisdiction. Read on.
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How to make money with Exness in the Philippines?
You can make money on Exness by investing and trading in the numerous assets it makes available on its platform in the financial markets. Before you invest, educate yourself about the financial market, trading strategies, and risk management. Then, create an Exness account, get acquainted with the trading interface, and learn how to place orders, execute trades, and utilize analytical tools. Recall to keep abreast of events, economic news, and market conditions that may affect your investment.
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Can I trust Exness?
According to reviews on Traders Union, Exness is trustworthy. This broker is regulated by multiple financial regulators in popular countries like South Africa, Seychelles, Cyprus, Mauritius, Kenya, etc. Exness complies with all applicable laws in the countries where it is regulated; they pay out trading profits to customers and fulfill all payment obligations.
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What are Exness Commissions and Fees?
Exness commissions and fees are charges specific to account types when a trader opens a position on the platform. For these account types, there are no commissions; the standard account spread starts from 0.2 pip and the standard cent from 0.3 pip. The raw spread account and zero account spreads start at 0 pips with commissions up to $3.50 and $0.2 each side per lot, respectively. The pro account has no commission, but the spread starts at 0.1 pips.
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Why should I read reviews about Exness?
Traders who read reviews before opening an account with the broker have better confidence and objectives. Reviews can assist in dispelling any doubts and anxieties associated with investing through brokers, particularly offshore brokers. This is where you find information about the broker's legitimacy and learn about the transparency and authenticity of the services it claims to offer.
Exness reviews from Philippine 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 legit? Is it regulated in the Philippines?
Exness is a legitimate broker that the residents of the Philippines rely on for investment in the Forex and stock markets. This broker is overseen by reputable regulatory organizations in the different countries where its services are available. The Philippine government advises traders to only deal with regulated brokers, so regulation by these leading financial regulators makes them legitimate offshore brokers. Although Exness is not subject to Philippine regulations, they accept clients from this region.
Exness abides by the guidelines and policies established by the financial regulators in the different nations in which they are subject to regulation. The broker confirms the legitimacy of its clients as part of its dedication to fund security and fraud prevention. Exness follows strict guidelines for anti-money laundering (AML) and know your customer (KYC). They employ multi-factor authentication protocols to guard against unauthorized access to their clients' accounts.
Exness is generally a safe broker for traders based in the Philippines. This broker is ranked first among forex brokers in South Africa, New Zealand, and EU countries. Here are a few of the leading global regulatory bodies that license and oversee Exness:
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Financial Sector Conduct Authority (FSCA) in South Africa; the Financial Service Provider (FSP) number is 51024.
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Seychelles Financial Services Authority (FSA); the license number is SD025
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Cyprus Securities and Exchange Commission (CySEC); the license number is 178/12.
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Financial Conduct Authority (FCA) in the United Kingdom; the Financial Services Register number is 730729 (Exness (UK) Ltd. services are not available for retail clients in the UK).
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Central Bank of Curaçao and Sint Maarten; the license number is 0003 LSI
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Financial Services Commission (FSC) in BVI; the registration number is 2032226, and the investment business license number is SIBA/L/20/1133.
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Kenya Capital Markets Authority (CMA); the license number is 162.
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Financial Services Commission (FSC) in Mauritius, the registration number is 176967, and the license number is GB20025294.
Is Exness a good broker for beginners?
Exness blends features focused on ensuring beginner traders get the best trading experience. It is the perfect broker for inexperienced and seasoned traders because it ensures transparency and provides user-friendly trading tools. The tight regulations and unwavering commitment to security by the broker ensure a safe and secure trading environment, thereby augmenting the security of users' investments.
Exness offers account types without a minimum deposit requirement, which could benefit first-time traders who would rather start with smaller sums. This broker provides an array of trading instruments, different account types, cutting-edge features, affordable spreads, and no commissions. The demo, standard, and cent accounts will prove pivotal for beginners who need to practice or start trading with small amounts on real accounts. Demo accounts allow novices to practice and test their strategies by providing virtual funds to trade under actual market conditions. Additionally, Exness provides market analysis, webinars, tutorials, and other educational materials to assist beginners in comprehending the fundamentals, strategies, and dynamics of Forex trading.
The minimum deposit requirements, spreads, commissions, and other trading conditions of each account type differ. Exness uses cutting-edge trading technology to guarantee dependable trading conditions and quick order execution. These include MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which enable traders on Exness to employ automated trading strategies when using Expert Advisors (EAs). With an extensive selection of currency pairs, Exness enables traders to trade major, minor, and exotic currencies. They also provide traders with commodities like precious metals and energy, which can help traders in the Philippines diversify their portfolios.
Traders interested in cryptocurrencies can access a range of cryptocurrency pairs without having to hold the actual digital assets. Exness does not charge any account, inactivity, deposit, or withdrawal fees, but traders need to be aware of the costs that their payment processors impose.
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).