As Forex trading has grown popular than ever, the Forex market is becoming increasingly populated with Forex brokers that offer a range of fantastic features and competitive pricing.
With so many brokers to choose from, it can be difficult to determine which are legitimate companies and which are more disreputable options that could put your hard-earned Forex profits at risk.
In this Exness review, we take a close look at this broad-based and popular broker in order to determine whether it is safe and legitimate, or whether it is a scam.
Exness regulation
Regulation is the primary, key component to determining whether a broker is legitimate or not.
Exness is broadly regulated with top tier regulators, consisting of some of the most prominent and respected regulatory institutions in the markets. These include:
- Financial Services Authority (FSA) – licence number SD025
- Central Bank of Curaçao and Sint Maarten – licence number 0003LSI
- Financial Services Commission (FSC) – licence number SIBA/L/20/1133
- Financial Sector Conduct Authority (FSCA) – licence number 51024
- Cyprus Securities and Exchange Commission (CySEC) – license number 178/12
- Financial Conduct Authority (FCA) – Financial Services Register number 730729
As can be seen from extensive regulatory list above, Exness is well-regulated in several jurisdictions around the world to offer licenced broker services and offers its traders a safe and secure trading environment.
Exness customer support
Customer support is an important aspect of a legitimate broker, as it allows clients to receive all the necessary assistance during their trading endeavours while also allowing them to contact the broker in the event of a dispute.
Exness offers clients several prompts avenues through which the client support team can be contacted, including a live chat option which is available 24/7, with the support team available in numerous global languages, including Russian, Thai and Arabic, to name a few.
This means that the Exness team is readily available to resolve client queries, and the likelihood at that the broker will simply vanish with you funds (as many scam operations do) is highly unlikely.
Exness price offer
Legitimate brokers seek to offer competitive pricing with a view to attracting long-term client relationships.
Compared to other forex brokers, Exness’ spread is among the lowest, if not the lowest, in the industry.
Their EUR/USD spread is as minimal as 0.1 pip on average for the Standard Account. With their Pro account, the spread is considerably smaller (around 0.6 pips on average). With Standard and Pro accounts, there is no additional commission. Open a trading account.
Final Thoughts
Exness is considered a legitimate broker which provides a secure and competitive trading environment to its clients.
As such, Exness is regulated by some of the most reputable regulatory bodies in the industry in several global jurisdictions, offers prompt and effective customer support, and provides a highly competitive price offer that serves to foster long-term client relationships.
New traders will find a wealth of trading resources from this broker, and benefit from advanced trading platforms and a wide selection of trading assets.
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