Reviews about Exness from Clients in Cyprus
According to Exness reviews in Cyprus, it is a popular Forex and CFD broker that offers traders from Cyprus a variety of trading tools and services. The company was established in 2008 and has since amassed an impressive client base. Currently, the project boasts more than 700,000 users from 150 countries.
Exness broker pledges investors multi-lingual support, instant order execution, tight spreads, a variety of tariff plans and assets, and claims that its activities are regulated by reputable authorities, including the Cyprus Securities and Exchange Commission (CySEC).
In this material, we have compiled real reviews from traders in Cyprus who have already worked with Exness. We encourage you to review them before opening a trading account with the broker.
According to customer feedback about Exness on the Traders Union portal, traders from Cyprus are generally satisfied with their collaboration with Exness. They commend the broker for its CySEC license, low entry threshold, unlimited leverage, and intuitive interface. Another advantage is the narrow Exness spread.
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How trustworthy is Exness?
Exness is a reputable broker whose operations are regulated by FSA, CySEC, FCA, FCA, FSCA, FSC, FCS, CMA. Additionally, it is a member of the Financial Commission. Exness diligently adheres to the laws in the jurisdictions where it operates and meets all payment obligations.
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What is the minimum deposit at Exness?
The minimum deposit amount is 1 USD.
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Does Exness work legally or not?
The most popular question is, "Is Exness legit?". Yes, Exness operates on the territory of Cyprus absolutely legally. Its activities are regulated by the local Securities and Exchange Commission (CySEC). The license number is 178/12.
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How to start trading with Exness?
To begin trading on Exness, you need to undergo a straightforward registration process, verify your account, and deposit funds.
Exness reviews from traders in Cyprus
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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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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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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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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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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 legit? Is it regulated in Cyprus?
Exness is a regulated broker that adheres to the legislation of the countries where it operates and prioritizes trader safety.
The company is legally operational in Cyprus, holding a license from the Cyprus Securities and Exchange Commission (CySEC). In the financial institution's records, Exness can be found under the number 178/12. The brokerage authorization was granted to Exness in September 2012, with its headquarters situated in Limassol.
Exness also holds licenses from:
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Seychelles Financial Services Authority (FSA) (license number SD025);
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Central Bank of Curaçao and St. Maarten (license number 0003 LSI);
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Financial Services Commission of the British Virgin Islands (BVI FSC) (license number SIBA/L/20/1133);
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Financial Services Commission of the Republic of Mauritius (license number GB20025294);
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Financial Sector Supervisory Authority of South Africa (FSCA) (Financial Service Provider number 51024);
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UK Financial Conduct Authority (FCA) (license number 730729);
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Kenya Capital Markets Authority (license number 162).
Among the internal documents, the company provides the "User Agreement," "Privacy Policy," "Credit/Bonus Terms and Conditions," "Risk Disclosure," etc.
Additionally, Exness has established a system of segregated accounts to offer investors the utmost protection and guarantee of fund safety.
The intermediary's website states that Exness is a member of the Financial Commission, an independent alternative body that helps resolve disputes between traders and brokers. The Financial Commission provides additional protection for investors by maintaining a Compensation Fund. This ensures that in the event of force majeure, each client is guaranteed insurance coverage of up to €20,000.
Short summary about Exness Cyprus
Exness has been operating in the Forex market since 2008. The broker's offices are situated in Cyprus, Seychelles, the British Virgin Islands, the UK, Kenya, Curacao, and South Africa. Exness holds licenses from several reputable international regulators: FSA, CySEC, FCA, FSCA, FSC, FCS, CMA. Currently, the project serves over 700,000 clients worldwide, with a monthly trading volume of $4 trillion.
The terms of cooperation with the broker vary depending on the country. For instance, the Cypriot and British branches of Exness exclusively offer B2B services.
The company facilitates trading in currencies, stocks, commodities, indices, and cryptocurrencies. Exness provides traders with unlimited leverage, protection against negative balances, a unique Stop Out Protection function, instant order execution, low commissions, and a demo account for practice trading. Furthemore, Exness trading signals are optimal trading choices for novices and for generating passive income.
Is Exness a good broker for traders in Cyprus?
Exness is an excellent choice for both inexperienced traders who are just beginning to explore the world of online trading and for professionals. The broker offers various types of accounts, including Standard, Standard cent, Raw spread, Zero, and Pro accounts. Investors can also choose from several trading platforms, including the classic MT4/MT5, WebTerminal, and Exness's proprietary software. To start trading with Exness, you can open Exness real account and begin accessing the financial markets.
The minimum deposit requirement starts from $1. Among the other advantages of the brokerage organization are:
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A wide selection of financial instruments, including CFDs on currency pairs, stocks, indices, commodities, and cryptocurrencies.
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Protection against negative balances.
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Stop Out Protection function.
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Instant withdrawal of funds.
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A wide range of payment methods, including bank cards, Neteller, Skrill, Perfect Money, Webmoney, Tether, USD Coin, and internal transfers.
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Execution of orders in milliseconds.
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Transferring positions to the next day incurs no commission.
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Free training materials that help beginners understand the basics, strategies, and dynamics of Forex trading.
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Flexible leverage options.
Team that worked on the article
Alamin Morshed is a contributor at Traders Union. He specializes in writing articles for businesses who want to improve their Google search rankings to compete with their competition.
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).