Reviews About Exness From Clients In Bangladesh
Exness operates within the regulatory standards set by BSEC, the local regulatory body in
Bangladesh that supervises financial trading activities. Moreover, Exness also has a
special account type for an Islamic country such as Bangladesh. This account, known as
swap-free, ensures full compliance with the Islamic principles of no riba.
Therefore, Exness is a legitimate, reliable, and suitable broker for clients in Bangladesh.
Exness is one of the prominent trading platforms in Bangladesh and has garnered enormous attention from different users within the country. Therefore, we put together a comprehensive review that reflects the diverse perspectives and experiences of Bangladesh traders engaging on the Exness platform. Reviews stemming from the experiences of Bangladeshi users provide valuable insights and opinions about Exness reliability, trading conditions, and legitimacy within the Bangladesh market. This Exness review aims to assist prospective users in making informed decisions and raising confidence among existing users.
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How to start trading with Exness?
To begin trading on Exness requires a simple process of signing up for an account, verifying it, and depositing funds to the account.
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Is Exness regulated? Is it legit in Bangladesh?
Exness is a legitimate broker regulated by top financial regulatory institutions. Exness operates legally in Bangladesh. However, it is not directly regulated by any local financial institution in Bangladesh.
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What do Traders Union users think about Exness?
According to most Traders Union users, Exness is a legitimate, trusted, and reliable financial trading broker regulated by several financial institutions. Besides, it offers low deposits and commissions and has an excellent user satisfaction rating.
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What is the Exness minimum deposit for clients in Bangladesh?
The minimum deposit requirement for Exness clients in Bangladesh starts from $1.
Exness reviews from Bangladesh traders
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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.
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Comment
I initially paid $3000 to start with and an account manager demonstrated a growth of $500 in quick time. A specialist then came in and tried to get me to invest $25000 to which I bluntly denied and they tried with $20K, then $10K and even $5K to all of which I refused! They have now kept me hanging and I asked for a refund to which they are asking for more money from me and I don't know what more to do! Also as of yesterday, the site itself is DOWN!! I cannot log in anymore and the email contact i had from there, when i sent the email to check it came back saying that domain does not exist anymore!! I am at loss of words and my hard earned money unfortunately i was able to recover my money back with the help of Olivia teams get in touch with them oliviatrader 44 at gmail com WhatApp +1 (423) 248 - 2140
Is Exness regulated in Bangladesh? Is it legit?
The financial trading activities in Bangladesh are regulated by the Bangladesh Securities and Exchange Commission (BSEC), ensuring fairness, transparency, and investor protection. However, Exness is not directly regulated by BSEC but by other international regulatory institutions.
Furthermore, it is worthy to note that Exness is one the prominent financial trading brokers with track records of user satisfaction on regulation and safety. Exness brokerage is licensed and regulated by institutions like the Financial Service Authority (FSA), the Central Bank of Curaçao and Sint Maarten (CBCS), the Financial Service Commission (FSC), the Financial Sector Conduct Authority (FSCA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA), and the Capital Markets Authority (CMA).
In addition, Exness operates within the regulatory standards set by BSEC, the local regulatory body in Bangladesh that supervises financial trading activities. Moreover, Exness also has a special account type for an Islamic country such as Bangladesh. This account, known as swap-free, ensures full compliance with the Islamic principles of no riba.
Therefore, Exness is a legitimate, reliable, and suitable broker for clients in Bangladesh because it operates legally in line with the standards set by local regulatory institutions like BSEC. Besides, it holds licenses with several international regulatory bodies.
Is trading with Exness halal?
Financial trading activities on brokers are generally considered haram in Islam because they negate the Islamic principle of no riba, also known as interest. For context, “halal” means something permissible according to the Islamic principle, while “haram” implies something prohibited in Islam.
However, there is a consensus among Islamic scholars who opine that financial trading activities can be considered halal if the charging of interest by brokers is removed. In other words, trading swap-free accounts can be permissible because it does not involve giving or taking interest.
Therefore, trading on a swap-free account is considered halal because it doesn’t take interest in trade positions held overnight. So, trading with Exness is halal.
Fortunately, Exness also has swap-free accounts primarily for financial traders in Muslim countries. It automatically assigns a swap-free account to users who registered from an Islamic country, in this case, Bangladesh.
Furthermore, the swap-free account comes with no hidden charges and offers similar trading conditions that are available on the regular account types.
Is Exness suitable for beginners?
Exness is a beginner-friendly broker that offers a financial trading platform for Forex, commodities, cryptocurrencies, etc. Exness’ suitability for beginners is based on the following factors:
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User-Friendly Interface: Exness has a user-friendly interface, making it easier for beginners to navigate the platform with less hassle.
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Regulation and Safety: Exness is a safe, reliable broker regulated by top-tier financial bodies, which makes it ideal for beginners and advanced traders. The regulatory institutions ensure that Exness follows strict safety measures to protect traders’ funds and provides fair trading practices.
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Fees and Spreads: Exness stands out for its competitive low trading spreads and commissions, which can be an advantage for beginners, especially those with smaller trading capital.
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Leverage: Exness offers one of the highest leverage in the financial trading industry, which can be an advantage for beginners with smaller capital to amplify profits. However, adhering to risk management is crucial for capital preservation.
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Low Minimum Deposit: Exness has a low minimum deposit requirement, which makes it appealing for beginners who may want to start trading with small capital.
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Social Trading Feature: Finally, Exness offers a copy trading service that enables beginners to profit from the trading activities of advanced traders in the industry.
Team that worked on the article
Joshua Francis is a professional Forex trader with 4+ years of experience in the financial industry. He trades the XAU/USD and GBP/JPY pairs. He is also a ghostwriter and author for Indicatorspot and Traders Union, where he puts his intensive research skills and deep knowledge of the financial markets into freelance writing.
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).