Reviews About Exness From UAE Clients
Exness reviews in UAE
According to customer reviews on the Traders Union portal, this broker is considered safe and reliable. There is a low spread, several account types and trading platforms, training materials, round-the-clock customer support, and an intuitive interface. The shortcomings highlighted are the limited advanced trading instruments and the lack of regional regulation.
Even though Exness is still among the top brokerages globally, prospective UAE traders are encouraged to learn about the broker's offerings before opening an Exness trading account. It is best practice to read reviews about Exness and the broker's services to ensure they suit your trading style. Also, verifying if the broker is regulated in the UAE is another way to ensure you are trading with a genuine platform.
However, in this article, TU experts will present traders with Exness reviews in the UAE, Exness regulations in the UAE, and the benefits of trading with this broker in this jurisdiction. Read on.
Exness reviews from UAE 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 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;
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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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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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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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Financial Services Commission (FSC) in Mauritius, the registration number is 176967, and the license number is GB20025294.
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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.
Note:
Trading accounts belonging to clients who live in Islamic countries automatically get swap-free status. Exness offers Islamic swap-free trading on two levels of trading accounts: Standard and Extended. What makes a difference among them is the quantity of swap-free trading instruments.
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.
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.
The topics he covers include trading signals, cryptocurrencies, Forex brokers, stock brokers, expert advisors, binary options. He has also worked on the ratings of brokers and many other materials.
Dr. BJ Johnson’s motto: It always seems impossible until it’s done. You can do it.
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). Mirjan is a cryptocurrency and stock trader. This deep understanding of the finance sector allows her to create informative and engaging content that helps readers easily navigate the complexities of the crypto world.