Reviews About Exness From Clients In Malaysia
Reviews about Exness in Malaysia
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.
Exness as established itself as one of the leading brokers in the financial trading industry, with intuitive features and account types that suit different traders. It offers financial trading services as a brokerage firm to traders from various regions and countries, including Malaysia. In this article, we discuss the legitimacy and safety of Exness as a trading platform and firsthand experiences on Exness reviews shared by clients in Malaysia. We aim to provide you with a comprehensive report that offers valuable insights from Malaysian traders on their experience trading with Exness in the Malaysian trading community.
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Does Exness work with clients from Malaysia?
Yes. Exness accepts clients who are nationals of Malaysia. However, it doesn’t accept clients with resident status in Malaysia.
Exness reviews from Malaysian traders
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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 regulated in Malaysia? Is it safe?
Exness is one of the leading brokers that accept clients who are nationals of Malaysia. Exness is not directly regulated in Malaysia. However, it’s a licensed and reliable broker regulated by other notable financial agencies in different countries.
Therefore, it is a safe broker because it operates under strict financial standards and practices to ensure compliance with the regulatory bodies it holds a license with.
Exness is regulated by financial bodies like the Cyprus Security and Exchange Commission (CySEC) located in Cyprus, the Financial Conduct Authority (FCA) located in the United Kingdom, the Financial Service Authority (FSA) located in the United Kingdom, etc.
Besides, Exness has a physical presence in Malaysia, providing tailored assistance to traders in the region. The presence of the Exness office in Malaysia furthermore gives credence to the reliability of the broker. By operating from Malaysia, it is expected to also comply with the regulatory requirements for brokers in Malaysia.
Does Exness offer Islamic accounts?
Yes, Exness offers Islamic accounts, also known as swap-free accounts Swap-free accounts are ideal for traders who adhere to Sharia law prohibiting receiving or paying interest.
Here are some of the general features of Islamic accounts on Exness:
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Swap-Free Trading: The Islamic accounts on Exness waive rollover interest for trades held overnight to ensure compliance with the Sharia law.
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Same Trading Conditions: The Islamic accounts on Exness offer the same trading conditions as available on regular accounts.
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Requires a Verification Process: The Islamic accounts are available to traders from Islamic countries who wish to align with the Sharia law of no Riba. However, traders may need to undergo and pass a verification process to be eligible to open an Islamic account.
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Customer Support: Finally, Exness offers Islamic account traders dedicated support related to compliance with the Sharia law.
How to start trading with Exness
Exness offers various account types, including standard/standard cent, pro, zero, and raw spread, to meet the needs of different traders. As a beginner, you can start with the standard cent account, which allows you to trade in cents. This can help you to get familiarized with the financial market and build confidence without losing much in the process.
So, here is a step-by-step guide to start trading on the Exness broker:
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Register an Account: Visit Exness.com and click the ”Sign Up” or ”Register” tab to get started. Fill in all information as required and click on “Continue”. Next, choose the account type you wish to open (e.g., standard, zero spread, etc.) and submit.
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Verify Your Identity:Exness demands a passport, driver’s license, or a national ID card as proof of identity (POI). It also requires a permanent resident card, utility bills (like electricity, internet, water, gas, or landline telephone bill), a recent bank statement, or a local tax bill as proof of residence (POR). So, submit any of the required documents accordingly to be granted full access to start trading on the Exness broker.
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Deposited Funds into Your Trading Account: The next step is to deposit into your account using any suitable deposit methods provided by Exness.
Finally, download the trading platform for mobile or desktop and log in using the details on your account dashboard to start trading. You can also use the WebTrader for trading activities.
Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
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).