Reviews About Exness From UAE Clients

Exness reviews from UAE traders

Is Exness legit? Is it regulated in the UAE?

Top financial regulators oversee Exness in well-known jurisdictions where traders engage in Forex, stocks, commodities, futures, and other financial instrument trading. However, Exness is not regulated in the UAE, but they accept clients in this region. The UAE's financial regulators do not forbid traders from using offshore brokers to make investments, but the broker needs to be overseen by internationally renowned regulators.

Some of the top international regulatory organizations that license and regulate Exness are;

• Financial Sector Conduct Authority (FSCA) in South Africa; the Financial Service Provider (FSP) number is 51024.

• Seychelles Financial Services Authority (FSA); the license number is SD025

• Central Bank of Curaçao and Sint Maarten; the license number is 0003 LSI

• Financial Services Commission (FSC) in BVI; the registration number is 2032226, and the investment business license number is SIBA/L/20/1133.

• Cyprus Securities and Exchange Commission (CySEC); the license number is 178/12.

• 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).

• Financial Services Commission (FSC) in Mauritius, the registration number is 176967, and the license number is GB20025294.

• Kenya Capital Markets Authority (CMA); the license number is 162.

Exness's capacity to offer traders a secure trading environment across multiple jurisdictions is evidenced by its multi-regulatory status and commitment to fund security and fraud prevention. To verify the authenticity of its clients and halt unlawful activities, Exness implements stringent Know Your Customer (KYC) and anti-money laundering (AML) procedures. Exness uses multi-factor authentication procedures to prevent unwanted access to its customers' accounts.

Overall, Exness is a safe broker for traders from the United Arab Emirates. According to ratings of forex brokers in South Africa, New Zealand, and EU nations, Exness leads.

Does Exness UAE have an Islamic account?

Yes. Exness offers Islamic accounts to traders residing in the UAE. Also known as "swap-free" or "interest-free accounts, these trading accounts abide by Islamic Sharia law, which forbids charging or receiving interest. No swap is added to or withdrawn from the trading account.

Exness provides all relevant trading accounts opened by customers in non-Islamic nations with extended swap-free status by default. To maintain extended swap-free status, you must trade mostly during the day and hold a few overnight positions. For standard swap-free, orders open overnight for cryptocurrencies (except BTC crosses: BTCZAR, BTCJPY, BTCTHB, BTCXAU, BTCXAG, BTCAUD, BTCCNH, BTCKRW), indices, and stocks will not apply a swap.

Is Exness a good broker for UAE traders?

Exness blends features focused on ensuring 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.

This broker provides an array of trading instruments, different account types, cutting-edge features, affordable spreads, and no commissions. The minimum deposit requirements, spreads, and other trading conditions of different account types may differ. Exness offers account types without a minimum deposit requirement, which could benefit first-time traders who would rather start with smaller sums.

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 United Arab Emirates 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.