If you have been looking for the perfect forex broker for you, then you will need to take a little time to do a thorough review of the company. This will help you determine if they have all the features you need, and if they are a reliable resource for your trading needs.
MetaTrader4 vs MT5
For traders seeking a multi-asset trading platform, MetaTrader 5 and MT4 are both excellent choices. They offer several features, including advanced technical analysis and algorithmic trading, making them perfect for advanced traders. Both are free to download, and most brokers provide them as part of their forex brokerage packages. However, some may charge a fee for trading, as well as a spread.
These two platforms are a close match when it comes to functionality, but MT5 is better at handling exchange-traded instruments. It has a wider range of financial instruments, as well as an economic calendar that tracks relevant news from the foreign markets.
Both of these platforms offer chart drawing tools, but MT5 has some unique features. Specifically, it has an embedded community chat. MT5 also allows users to transfer money between accounts and trade multiple asset classes.
MT5’s multi-threaded strategy tester allows for back testing on multiple currency pairs. In fact, MT5 has several other features that are not available in MT4. One of them is its internal mailing system, which lets you send attachments to other traders.
Account types
Exness has a wide range of accounts. Each one offers different features and benefits. The best account for you will depend on your trading style and preferences. Whether you are an experienced trader or a novice, you can find the right Exness account to suit you.
Exness is licensed by four Tier-3 Regulators. This means that it is not only regulated but is also supervised. Also, the company holds a retail foreign exchange license from Japan.
It is easy to open an account with Exness. You can do so by visiting their website. Just fill out a registration form, provide your email address, and a password. Once you are logged in, you will be able to manage your account via a dashboard.
A demo account is available, which will allow you to test your trading strategy before you actually start using real money. Exness does not charge fees for deposits or withdrawals. However, you may have to pay for overnight positions.
Regulations
Exness is one of the leading global online forex brokers. The company provides high quality services, competitive spreads and leverage. It is a member of the Financial Commission.
The broker offers various trading platforms. Users can access the account via mobile phones and desktops. This broker also offers a demo account to practice trading without risking money.
In addition, Exness uses a number of security tools to safeguard its clients. Accounts are secured with two-factor authentication and cybersecurity protocols. Also, data transmissions are encrypted.
Exness maintains its client funds in segregated accounts. They are protected through the Investor Compensation Fund. Additionally, the company offers educational resources to help its customers.
Traders are able to choose from several deposit and withdrawal options. However, Exness charges a transaction fee for international bank transfers. Moreover, the company’s live chat option is not active.
Exness is licensed in South Africa, Mauritius and Cyprus. Besides, the firm is regulated by the South African Financial Sector Conduct Authority (FSCA) and the CySEC.
Customer support
Exness forex broker provides traders with a range of account types to choose from. They also provide a wide variety of tools and resources for their customers. Its customer support department is available around the clock.
The broker offers a free demo account to test out trading strategies and techniques. Its website is incredibly secure, using HTTPS protocol. Users are able to access the site from anywhere in the world.
Exness’s advanced software and tools help in reducing the risks involved in trading. Traders can also use leverage to enhance the flexibility of their trading techniques. However, this can increase the risk of losing money.
Exness’s Professional Account is reserved for experienced traders who can trade on financial markets with a high degree of proficiency. Traders can also take advantage of its ECN account, which costs only a nominal fee.
Exness has an active Facebook page. It has been mentioned by many traders as a reliable Forex broker.