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Forex Brokers

IC Markets Review 2021

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IC Markets offers in-depth and diverse educational offerings curated to help active traders with useful trading tips. Its educational suite includes everything from a demo account to videos that are free to access.

Demo Account

You can use a demo account using virtual money to familiarize yourself with the platform.

Informational Articles

IC Markets has a great range of quality articles for beginners that focus on day trading and provide technical analysis and tips to understand the risks.

Tutorial Videos

You can learn trading skills taking the help of its high-quality tutorial videos after account opening. These videos also guide you through the MetaTrader or cTrader platforms and different services offered by IC Markets.

Economic Calendar

The best way to win trade is to be aware of the market trends and planning accordingly. IC Markets’ economic calendar lets you know what you should do in a particular situation.

Is IC Markets Safe?

There is so much to gain from IC Markets trading platform that oftentimes traders doubt all this to be true. But our IC Markets review of the site approves the legitimacy of the platform and affirms that it is quite safe for making investments and trades. Since IC Markets is licensed by the ASIC, traders can rest assured of the safety of their assets.

To ensure the availability of funds during financial crises, IC Markets puts customer funds into segregated accounts at a network of banks, including the National Australia Bank, Westpac Banking Corp., and Barclays Bank Seychelles. Furthermore, it is audited by major regulatory agencies regularly that denies any possibility of scam and proves that it is a safe trading platform.

Why Trade with IC Markets?

IC Markets is the leading forex CFD broker with its integrated trading environment that is well-supported by tight spreads and suitable trading conditions. The reasons why IC Markets trading is best to trade, are listed below:

  • Different account types from the site and trading platforms to choose from depending on your trading experience.
  • A wide range of tradable instruments and derivatives.
  • Low forex fees and zero commissions on making transactions.
  • You can save money on conversion fees by trading in 10 base currencies, including USD, GBP, EUR, JPY, CHF, AUD, NZD, CAD, HKD, and SGD.
  • Its stop-loss order feature lets you set the maximum loss.
  • Its advanced margin call feature exits the trade upon finding your balance null and saves you from having a negative balance.
  • Little to no latency times due to its ultra-modern trade servers.

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Customer Service

IC Markets has a 24/7 active multilingual customer support that provides traders from all over the world with hands-on solutions to their problems. There are mainly three ways to avail the customer service, including via live chat or email, or over the phone. Besides, you can access its FAQ feature located under the ‘Help Center’ section on its website. We tested every available option with the customer support, the results of which are documented below.

  • We found its live chat feature the most convenient way to seek help and understand the risks, but sadly it is let down by its low-quality service and slow response time. The worst part is that it remains offline most of the time that is a bit annoying.
  • In IC markets reviews, the email support seemed to work comparatively better than live chat and we received relevant answers to our queries within 24 hours on the site.
  • Finally, it was the phone support that impressed us a lot with its swift and to the point response system. Its customer care representatives were quite professional and decent in their service.

Customer Support of IC MarketsCustomer Support of IC Markets

Overall, we appreciate IC Markets for its quality and efficient customer service, which is key to its successful and trustworthy relationship with the traders.

Our Verdict on IC Markets Review

Our IC Markets review reveals that the broker has done a fantastic job to become the leading online broker with its advanced trading features. From making deposits to reaping profits, IC Markets does complete justice with its reputation and has become the favorite of beginner, professional, and high-volume traders.

While briefly looking at its competitive offerings, you will find that it is designed with the purpose of providing traders with favorable trading conditions. The intuitive web-based interface, low minimum deposit, commission-free account, multiple tradable assets, different trading platforms, social trading, and automated trading are some of its features that ensure efficient and effective trade. Its other amazing features include low spreads, interbank liquidity, competitive forex fees, no inactivity fee, and helpful research and educational offerings. Additionally, traders are benefitted from its innovative algorithm that fits all trading styles and facilitates faster order execution.

To sum up, from our IC Markets review, this platform is a licensed and regulated broker with more than a decade of online trading expertise, which makes it a secure and credible platform. Based on our experience with the broker, we are confident to recommend IC Markets for every active trader to generate significant profits from their investments. If you are a beginner, you can read IC Markets reviews before start trading. And, we also hope that this IC Market review might be helpful for you.

FAQs

Is IC Markets a reliable broker?

Yes. IC Markets is well-regulated by financial authorities like ASIC, FSA, and CySec that provides a competitive trading environment.

Can I withdraw profits from IC Markets?

Yes. You can withdraw profits from IC Markets anytime by submitting a withdrawal request and get it credited to your bank account within 3-5 business days depending on your payment merchant.

How can I deposit at IC Markets?

The minimum deposit amount is $200 that you can deposit through various means, including credit or debit cards, net banking, wire transfer, or other electronic payment modes.

Can international traders trade with IC Markets?

Yes, except those from the US and Canada.

Is there a fee for making a deposit or withdrawal?

No. There are zero commission fees for making deposits or withdrawals.

Can I Use IC Markets in UK?

IC Markets is an Australian-based broker which allows you to fund and hold your account in Pound Sterling and other currencies. It is also regulated in Cyprus, Australia, & Seychelles. And IC Markets also allows you to sign-up from the UK but not regulated in the UK.

How do IC Markets make money?

IC Markets generates revenue from commission fees, spreads, and swaps against different accounts and instruments.

What is the maximum leverage offered by IC Markets?

IC Markets offers maximum leverage of 500:1 for all account types.

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Forex Brokers

Top 10 Forex Brokers with No Deposit Bonus – A Synopsis

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Introduction

The Global Trading market encompasses various offers to attract new traders and beginners with no trading experience. The forex market is one such platform, which has gained popularity over recent years with offers like No-Deposit Bonus, Welcome Bonus that forex brokers present for new traders without using their real money. The forex bonuses provide optimal trading conditions according to the preference; for example, offering bonuses for elite traders and beginners. When trading happens on real money, they also help choose the right forex broker to trust and pump up the deposits. However, one has to be careful as there is considerable risk involved.

To summarize, the forex brokers offer a welcome bonus for beginners who do not have a trading account. They offer a matched deposit bonus, which means there is a free bonus provided after the initial deposit, or they offer no deposit bonus.

What is a Forex Bonus?

A bonus acts as a marketing tool or cost-effective promotion, and the brokers offer to persuade beginners to make deposits. Many top forex brokers suggest this option as it allows for forex trading without risking their funds. This option is accessible to the consumers once they open a forex account or demo account in the chosen platform. Though the bonus is beneficial for traders and investors, brokers suggest this option to gain benefits in the long run.

Forex brokers use the deposit bonuses option as a tool to entice investors and traders to forex trading, providing them knowledge about trading conditions, forex account, demo account, trading bonus, and welcome bonus and help the clients make an informed decision. In simple terms, they offer free money that cannot be withdrawn immediately from the trading account but can be traded for other prospects.

Forex Bonuses – Different Types

There are two types of forex deposit bonuses to choose from – a deposit bonus and a no deposit bonus.

Forex No-Deposit Bonus

It is often known as a complimentary bonus without deposit, as traders are offered a free bonus without a deposit being made. The brokers make the deposits once traders activate their live account on the platform, which allows them to understand the live trading conditions and explore different options without jeopardizing their funds. This enables the novice and seasoned traders to utilize the bonus fund and develop in-depth knowledge about the brokerage platform and its systems. The accessibility of a free bonus varies depending on the broker.

Initial Deposit Bonus

A deposit bonus is an additional sum credited to the trader’s account once they make their first deposit. If traders make a higher initial deposit, they unlock a greater deposit bonus. For example, the broker may suggest new customers a 100% matched bonus up to £500. Once they make the deposit, the broker will credit their account with the respective bonus amount.

This gives investors a chance to boost their trading account and use the bonus funds to set limits for their trades. However, the brokers often list down a set of terms and conditions regarding the accessibility of the bonuses and profits made. Some may set minimum/maximum consignment for the trading bonus, while others set certain rules for trading through the live account.

Sometimes the brokers may demand to trade a certain amount before withdrawing the free bonus or maintain a set amount of money in their accounts for a specific period before trading them. Hence, forex bonuses list out certain terms of conditions that one needs to be aware of.

What are the Pros and Cons of Forex Bonuses?

Pros Cons The forex no-deposit bonus allows the trading with minimal risk Most brokers set unrealistic standards and hard terms and conditions Helps maintain the trading balance with modest funds. Most of them limit the withdrawals of both profits and free bonus The deposit bonuses can be used to recover the cash deposits lost while trading The free money often leads to higher expectations and over the trading of deposit bonuses Helps in adapting to the live trading environment and manage the forex bonuses Traders are heavily restricted with rules and regulations, and they are required to follow the terms and conditions. The deposit bonuses provide traders an option to margin their investments in larger trades

How does a Bonus in Forex Work?

How Forex Brokers Bonus Work?How Forex Brokers Bonus Work?

To understand how the forex works in a live trading environment, one needs to be aware of a few terms. They are:

Deposit Bonus:

The deposit bonus is the most sought-after. As stated earlier, the broker will match the deposit by a certain percentage -with a welcome bonus.

Traders can claim a 100% matched deposit bonus with a forex broker. The forex broker may allow access to a maximum bonus of £1,000, a deposit made by the client. Upon making the deposit, the broker will then credit their account with an additional £1,000. The starting balance becomes £2,000 – even though the broker credited their account with £1,000.

No-Deposit Bonus:

Forex no deposit bonus rewards traders with a bonus without making a deposit. These bonuses are highly popular because the trader can gain a bonus without risking any funds. However, the no deposit bonuses comprise smaller sums that are credited in comparison to a deposit bonus.

Traders can claim a £20 no deposit bonus with a forex broker. Once traders open an account and verify their identity, the forex broker funds their account with the £20 no deposit bonus. It is credited instantly to the trader’s accounts for trading the bonus funds.

Terms and Conditions for Bonus:

The Forex trading and gaining free bonus funds on the platform may sound simple, but it is not easy to cash out the profits. One needs to be aware of the listed terms and conditions that brokers employ.

Minimum Trade Amount to Withdraw:

There is a complicated process to withdraw the bonus that is made. For example, if one deposits £500 and receives a £250 bonus, which totals to £750. Traders cannot withdraw the whole sum directly from the forex broker, as this would not benefit the platform. Hence, the platform sets limits and persuades them to use the bonus funds to trade. These bonus funds are often frozen until their conditions are met. Usually, a partial amount from the bonus is made accessible for pay-outs when they meet the requirements of trading the set amount. For example, the broker might give £1 from the bonus for every £10,000 traded.

This is suitable for people who are:

  • Regular traders who place dozens of trades per day.
  • Often play through the set amount of the trades.
  • People with typically large trade sizes.

Time Limit:

Traders also need to consider the time limits that the bonuses are set with. This is a strategy followed by the platforms to make the cash out of bonuses a difficult task. Often, brokers will set a certain period. Such as- 30 days to trade the bonus funds before invalidating withdrawals.

Eligible Pairs:

In some instances, the forex no deposit bonus might set down restrictions on certain currency pairs. Hence, make sure to go through the terms and conditions to ensure the trading forex pair is permitted.

Supported Nationalities:

Some Australian forex brokers choose to permit bonuses to only certain nationalities. Hence, traders are advised to use the domain according to the country of residence.

Minimum Deposit:

Most bonuses are set with a minimum deposit amount. Often, promotions only list the maximum bonus amount that can be used. Hence, ensure to go through the terms and conditions to find the preferred packages.

How to Find the Best Forex Bonus?

The global foreign exchange market is vast and comprises different kinds of traders. Therefore, it offers many options for every type of trader. However, not every deal is beneficial since many platforms advertise no deposit bonus and manipulate the user funds. So, it is advised to go through the terms and conditions for no deposit offers before signing up for the bonus.

Research

Before signing up, one needs to make sure to cross-check if the platform is legitimate and trustworthy. Even though the investors have trading experience, FX trading can trick them and manipulate them. Hence, always double-check by browsing the platform’s rules and regulations and the list of guidelines given by the forex broker. Finally, check the list of authorizations it has received from the regulatory bodies in the industry.

Reading Reviews

For successful forex trading, make sure to find a broker with experience in forex trading. The web is filled with brokers, and every platform is crammed with reviews. Though there are many options for traders to choose from, it is difficult with many reviews to go through. Often, there is a chance of these reviews being proxy or duplicate, which they make up. Hence, it is always advised to check the detailed reviews, explain the challenges they have dealt with, and the practical solution to tackle such problems in reference to the past.

Payment Methods

Payment methods give an option of investing in the trading account with real money. Therefore, ensure that the brokers provide flexible options to make the payments with the preferred mode of payment. Likewise, ensure that the broker allows the cashing out of the bonus or profits gained from the forex no deposit bonus, as many brokers restrict the withdrawal of the profits made.

Broker’s Background

The reputation of the broker depends on the reviews and their alignment with the law. Always ensure to find a broker with approval and certifications from notable institutions in the industry. A regulatory authority assures the economic strength of the broker and its integrity towards its traders. There are many countries with rules and restrictions for forex brokers in the field. Finally, ensure that the trader is reliable by browsing the keywords such as forex broker name+ review, scam, fraud. Example: Forex Broker Name Scam and ensure that no negative reviews are showing up.

Always be alert and stay as safe as possible while trading the Forex. As the field is risky, keep track of the listed factors before trading with brokers and ensure that they keep the funds safe and secure.

The Best Forex Bonuses

There are many Forex brokers to choose from, and making the right selection is a challenging task. Several factors are considered, such as fast execution, competitive spreads, and the range of tradable assets. Hence, different types of options or bonuses are listed down to attract different types of traders. They assist the trader in finding the specific broker with the desired profile. With Forex no deposit bonus, new traders can learn trading in a live trading environment and build their portfolio without risking their capital resources. However, these bonus offers do not necessarily benefit all traders.

Therefore, traders need to be aware of terms and conditions before accepting or signing up for any offer. A key strategy to remember is that the brokers must gain profits, which is the primary objective of the bonus campaign. Hence, it is essential to select the right deposit forex as it significantly impacts the trading outcome.

Here are the 10 best platforms with no deposit bonus:

1. Pax Forex – Recommended for US Traders – 100% Bonus

Pax Forex is a famous online forex platform and the most reliable trading institution in the USA. It has a reasonable loyalty deposit bonus program too, where they match the member’s deposits 100% – for a minimum trade of $1,200 and more.

PaxfulPaxful

Unlike the deposit bonus offered by other platforms, Pax Forex provides you with a great deal of reward program, where every successive $1,200 deposit is matched with an additional bonus. However, the full amount is not instantly credited but is divided and paid in 12 monthly installments.

  • The broker supports all ranges of trading accounts
  • The 100% bonus is highly competitive
  • Awards bonus on successive deposits

2. AVATrade | 2 x $200 Forex Welcome Bonuses

The AVATrade group offers an epic 20% bonus of up to $10,000. This means that traders need to deposit $50,000 to get the maximum deposit forex on AvaTrade UK. However, one needs to deposit a minimum of $100 before accessing the bonus, and their account needs to clear verification before funding. For withdrawing the bonus out, traders get $1 for every 0.1 lot that is traded.

AvaTrade BrokerAvaTrade Broker

  • 20% welcome bonus of up to $10,000
  • Minimum deposit $100
  • Verification of the account before the bonus is credited

3. wikibinhduong.com | £25 Forex No-Deposit Bonus

wikibinhduong.com is a major platform across the UK forex space. As there are dozens of currency pairs split across the majors, minors, and exotics, its trading arena comes with different offers. Here, traders get a £25 no deposit bonus for opening a new account at wikibinhduong.com broker. This bonus is for new customers only, and there is no time limit as that is laid out.

Markets.comMarkets.com

  • £25 no deposit bonus
  • No time limit to use the bonus funds
  • Valid for New customers only

4. Plus-500 | £20 No-Deposit Forex

Plus 500 is another major platform, which is targeting the forex no deposit bonus space. Once traders open an account, they are rewarded with a £20 bonus – with no deposit required. The platform is one of the most reputed forex and CFD brokers in the online trading space. Its predecessor is listed on the London Stock Exchange and Plus500 UK holds multiple licenses.

Plus500Plus500

  • £20 no deposit bonus
  • Only available to first-time customers
  • Verification of identity is required before making a withdrawal

5. FBS | Best Forex No-Deposit Bonus – $100 Bonus

Most forex brokers provide cash-based bonus programs. However, FBS offers a complete Trade 100 Bonus package. Featuring a free no deposit forex of $100 to trade in a verified account, a set of guidelines to be followed, and strategies for making the most of the free bonus. Nonetheless, there are certain restrictions for claiming this bonus as well as the profits earned from the trading. For example, FBS allows only a maximum of 5 trade positions at a given time. And to withdraw any profits, traders are required to complete the required 30 trading days and trade at least 5 lots.

FBSFBS

  • Relatively high no-deposit trading bonus
  • Maintains a global footprint and is licensed in different financial jurisdictions
  • Accepts several payment processing options for deposits and withdrawals

6. XM | Multiple Forex Options Offered

XM has a variety of forex offers for beginners who do not have an account. They offer the option of claiming a $30 no deposit bonus. And to claim a more substantial bonus, they can choose the XM Broker offer with a 50% matched deposit bonus up to $1,000. This gives a 20% bonus for everything above $1,000 – up to a maximum of $4,500.

XM BrokerXM Broker

  • $30 no deposit bonus
  • 50% matched deposit bonus up to $1,000
  • Additional 20% bonus for up to $4,500

7. CMC Markets | 2 x $200 Forex Welcome Bonuses

The CMC Markets, a UK broker, has an appealing offer for traders, which is a $200 welcome bonus that can be availed twice. Traders need to deposit their first $200, which is matched with an additional $200 by the broker, making the starting balance $400. However, traders need to trade $1 million worth of forex to withdraw the bonus funds. Once they hit $2 million worth of trades, CMC Markets broker will give an additional $200.

CMC MarketsCMC Markets

  • $200 welcome bonus- twice
  • The first deposit of $200 is matched like-for-like
  • Withdraw the bonus funds when the $1 million trade requirement is hit

8. HYCM | 10% Deposit Bonus up to $5,000

HYCM is a widely popular platform that offers new customers a 10% deposit bonus. The bonus amount is at $5,000, which means that traders need to deposit $50,000 to get the maximum bonus. And they need to trade a massive set of 30 standard lots to get $1,000 in bonus funds out of the broker.

HYCMHYCM

  • Deposit $50,000 to get the full bonus amount
  • Trade 30 standard lots to withdraw $1,000 in bonus funds

9. Tick Mill | $30 Sign-Up Deposit Bonus

Global forex broker platform, Tick Mill, offers the new customers a$10 to $30 no deposit bonus. To prevent manipulation, traders need to verify their accounts before their accounts are funded. The added asset of the platform is that it allows traders to withdraw the profits made from the $30 welcome offer.

TickmillTickmill

  • $30 no deposit bonus
  • 100% risk-free – no deposit required
  • Verify the account before the bonus is credited

10. TemplerFX | $30 No-Deposit Bonus

Similar to Tick Mill, TemplerFX also offers a $10 to $30 no deposit bonus. To avail of this offer, traders need to open an account and verify their identity. Traders are then required to trade a minimum of 5 standard lots to withdraw the bonus and any additional profits.

TemplerFXTemplerFX

  • $10-$30 no deposit bonus
  • Not required to fund the trading account to get the bonus
  • Pass a KYC or verification process before getting the bonus

A Quick Overview:

Broker Bonus sum Details Paxful $30 Get Bonus FBS $100 Get Bonus Ava trade $35 Get Bonus HYCM $10 Get Bonus Plus500 $2020 Get Bonus wikibinhduong.com $50 Get Bonus XM $30 Get Bonus CMC Markets $15 Get Money Tick Mill up to $1500 Get Bonus Templerfx $20-$100 Get Bonus Grand Capital $500 Get Bonus Forexmart up to $300 Get Bonus TenkoFX $30 Get Bonus Esplanade Market Solutions $50 Get Bonus Corsa Capital $100 Get $100

Factors Considered

Usage and Withdrawal Flexibility

Before investing, one needs to consider several factors, such as how they gain benefits in the long-term, The level of accessibility, and the effective use of investments and bonuses to recover from inflation. Firstly, one needs to consider the extent to which they can use the bonus. To make an informed choice, make sure to check the small print of the broker’s terms and conditions and only accept the bonus if it fits into your trading style.

Impact on your Day-to-Day Trading

One should also consider the effect which the forex bonus has on maximum or minimum trading size and other factors, such as the accessibility of bonus funds on completion of the given guidelines and withdrawal of both the deposit and bonus. Some forex brokers UK will demand to maintain a certain amount in the account before accessing the no-deposit bonus, while others set the minimum lot size for bonus trades. Considering these factors help in accepting a broker’s balance.

The Time Limit to Execute the Required Trade Volumes

Make sure to read the broker’s terms and conditions. Take into account the number of lots required to be completed before freeing the deposit bonus and the period of a deadline. Consider the trade volume, which is set to activate the bonus amounts and the profits accumulated from its use. Avoid brokers who demand large trade volumes with tight deadlines.

Conclusion

The deposit and non-deposit forex bonuses cater to different users’ needs, such as the beginner and experienced traders. The no-deposit bonus helps beginners to learn the strategies within the platform of intermediary operations. For example, in brokerage, while the deposit bonus helps the experienced traders strengthen their limits and spread their trading balance, it is possible to enter into larger trades resulting in higher profits. A simple strategy is to register with a forex broker, with top-level experience, whose trading bonuses match traders’ needs. They also need to communicate that there is more to attractive incentives than just huge percentages. You need to look into the terms and conditions of using the allocated forex bonus before accepting it.

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Forex Brokers

LMAX Review 2021

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Witnessing the excessive participation of people worldwide in crypto trading, there is a crucial need for an advanced and user-friendly exchange brokerage firm. LMAX is one of the most experienced and advanced exchange brokers operational in the UK and regulated by FCA. The platform offers users over 100 tradable assets through its multilateral trading facility (MTF), which can be used for investment in precious metals, indices, commodities, Forex trading, etc. The Sunday Times awarded the LMAX to hold the top rank in the fastest growing fintech companies in the UK in 2014. LMAX offers a seamless and highly secure trading ecosystem for both institutional and individual investors worldwide. Read our detailed LMAX review to know more about the broker.

What Is LMAX?

LMAX Global is owned and operated by a global fintech company LMAX Group. It was established in 2010 with the primary aim of providing advanced forex brokers service to the emerging generation of investors and traders. LMAX has its headquarters in the UK and gives the traders exclusive access to deep forex liquidity, transparent spreads, and secure execution, abstracting the possibility of any ‘last look’ rejections. The LMAX broker has made a respected name for itself by being infallible and trustworthy for more than a decade. The LMAX is one of the fastest-growing financial corporations in the UK that has left its mark in FX markets worldwide. The broker has been awarded many times for its consistent efforts in liberalizing and sophisticating the experience of trading. LMAX has three global market facilities based in Equinix LD4, NY4, and TY3.

LMAX Platform InterfaceLMAX Platform Interface

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How Does LMAX Work?

The LMAX broker works efficiently and remarkably innovatively to offer the users real-time market feeds, advanced trading charts, professional tools, and precise execution. Every participant, like banks, proprietary institutions, brokerages, etc., can make profits. The trading platform gives traders exclusive access to MTF and global institutional FX exchanges to aid them in executing profitable trades by using the limit order liquidity provided by top-level international banks and Non-banking corporations. The LMAX platform has live market feeds in London, New York, and Tokyo, where the customers get liquidity access and quality execution of trades in a highly secure environment. LMAX boasts of ultra-low latency and transparent rates for buying and selling while maintaining a tight spread limit. The time protocol of the platform works on the sub-second level to induce accuracy in trade execution. Consistency of order processing is maintained by running dye traces on execution pathways every ten milliseconds.

Features of LMAX

According to the LMAX reviews, the broker provides the following features for its users:-

  • An outstanding feature of LMAX is that it provides a demo account for new users to let them have some prior trading experience. The users can test the markets and make new strategies negating any losses in actual trading time.
  • Another extraordinary feature of the LMAX broker is that it offers tight spreads on deep institutional liquidity by comparing many prominent liquidity pools worldwide.
  • The platform provides multiple accounts for the traders depending on their investment portfolio, namely API, WebTrader, and Mobile Trader.
  • The LMAX platform also offers its clients an additional opportunity to earn extra profits by using its API trading feature. This feature helps clients in opening new trades in FX and CFD automatically.
  • Another exclusive feature of the platform is that It offers the users over 100 instruments for trading platforms like Forex brokers, Metal, equity indices, commodities, crypto CFDs, etc.
  • The price/time mechanism offered by the platform is unmatchable in its segment as the client gets the priority during trade execution.
  • Competent traders are taken good care of by the platform as they get the function of Margin trading options on using LMAX.
  • A completely regulated and secure LMAX Digital trading platform is available for trading, and it can be accessed on multiple devices like laptops, mobiles, tablets, etc.
  • The ultra-low latency matching engine feature comes in handy while opening trade during the rush hours of the forex world.
  • Additionally, LMAX group offers educational features like an economic calendar and LMAX blog that can enhance the trading environment and also the skills of investors. Many tutorials are also available on the platform.
  • As per the LMAX review, various advanced tools like Multicharts, global insights, etc., are also available on the platform. These tools enrich the experience of trading and aid investors in making calculated investments.
  • LMAX group offers a dedicated customer support section to tackle the encumbrances faced by users while using trading services. One can contact the customer support team via telephone, live chat function, or mail.

LMAX FeaturesLMAX Features

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Is LMAX Regulated?

LMAX works under the legal name of LMAX Global, which is licensed and governed by the Financial Conduct Authority as an exchange broker and payment institution. The institution is genuinely registered in England and Wales. Moreover, in Europe and New Zealand, the platform is registered under the legal recognition of LMAX Broker Europe Limited and LMAX New Zealand Limited, respectively. As per the LMAX review, the platform works under full compliance with rules and regulations established by concerned countries.

LMAX Review: Pros and Cons

Pros Cons Regulated and highly secure platform. Users get limited types of trading accounts. Over 100 assets are available on this trading platform. Limited deposit methods. Customers’ funds are provided the premium level of safety. More preferable for competent traders. Highly advanced and innovative MetaTrader platforms. Minimum required deposit of $10,000. Demo account for new traders. Fee mechanism based on trade volume. Extraordinarily competent spread algorithm. Presence in almost all over the world.

Creating an Account With LMAX

As per many forex reviews, the process of creating an account on LMAX is straightforward and straightforward. Access the platform on any device and apply for a new account. Next, choose the country, fill in other mandatory information and submit it. The users will be required to verify their identity and country of residence before their account is opened. Once the account is opened, further documentation like proof of funds will facilitate trading activities.

LMAX Registration ProcessLMAX Registration Process

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LMAX Platforms

Multiple platforms are made available by the platform for users based on their investment portfolio. As per the reviews, different types of trading accounts are mentioned below:-

Mobile

LMAX has a user-friendly mobile app that enhances the experience of the trading app and is easily accessible by android and IOS users. The customers get ultra-fast trading facilities, FX trading market data, and the latest updates of the finance world at the touch of their hands. An additional VWAP feature gives users real-time access to all LMAX liquidity pools and over 20 levels of market depth for all tradable assets.

Web Trader

LMAX offers a customer-friendly, easily navigated website that provides users direct access to the live feed of all LMAX Global markets worldwide. The users can trade anonymously and efficiently without having to download anything on their devices.

API Trading

Application Programming Interface technology aids the trading in automating FX trading and CFD trading that can provide them free access to live markets of LMAX Global. The users also get a risk-free demo account for practice.

MT4/MT5 Bridges

These types of platforms are most suitable for forex brokers. The accounts are loaded with advanced tools, live price feeds, and an updated news section.

LMAX Trading Tools

Economic Calendar

The LMAX Global offers an economic calendar on its platform that provides complete information about financial events and their consequences happening around the world.

Global FX Insights

The users can access exclusive market research analytics and valuable insights of experts daily in audio/video/report format.

LMAX Fees

The fee structure of the LMAX broker is not fixed and depends on trading activities done by the customers. Generally, fee charges range from 0.1 to 0.2 pips. There is no deposit/withdrawal fee on LMAX, but to ensure the continued participation of the customer, the platform levies $50 per month on inactive accounts. Their spread mechanism is updated regularly and depends on prevailing market conditions. LMAX Fees spreads and commissions are not fixed but determined by trading activity; the typical spreads are between 0.1 to 0.2 pips. The spreading mechanism of the platform differs from the location of the customer. If the trading executes deals in time-limited assets, they have to pay an additional fee for holding the position after the time limit. The LMAX charges an overnight fee, also known as rollover/swap fee, for the trades opened for more than a day. Get a detailed idea about its fee structure.

LMAX Deposit and Withdrawal Methods

UK: Bank transfer and debit/credit card

EU: Bank transfer

NZ: Bank transfer, debit/credit card, Skrill and Neteller

The withdrawals are made in the same way the funds are added to the account.

LMAX Accepted Payment Methods

Bank transfer, debit/credit card, Skrill, and Neteller

LMAX Supported Currencies and Countries

Supported Currencies

  • UK: EUR, USD, GBP, AUD, CHF, JPY, PLN, SEK, SGD, HKD, and HUF.
  • EU: GBP, EUR, USD.
  • NZ: AUD, EUR, GBP, and USD.

LMAX Supported CryptosLMAX Supported Cryptos

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Supported Countries

Over 100 countries and multiple mega-offices in the UK, US, EU, and the Asia Pacific.

LMAX Education

As per our LMAX review, it offers a wide range of educational videos and articles related to foreign exchange and crypto exchange trading. These articles and videos are pretty helpful for the users to improve their knowledge and skills required to execute profitable trades. The video library also contains various speeches given by CEO David Mercer. Furthermore, a dedicated FAQ section is also provided on the platform, which helps customers navigate the platform. Most common issues and queries faced by the traders are answered in this FAQ section.

LMAX Security and Privacy

The best way to ensure security measures is to go through its records and regulation protocols. As already mentioned, the LMAX broker is regulated by FCA and works under full compliance with its rules and regulation. Moreover, there have not been any known incidents of breach of security on the LMAX broker since it started its operations. Hence, one can say that the platform exceeds expectations when it comes to the protection of funds of its users. As per the reviews, the best fx broker applies various strategies and security measures to ensure the utmost privacy and safety of funds. They follow tight guidelines, manage capital demand, segregate client’s funds and use scheme participation to make user’s funds secure for their use.

LMAX Customer Support

As per the LMAX review, it offers a dedicated customer support section to solve issues and queries faced by the users while trading on the platform. Their customer service team is available 24/7. The customers can use various methods to contact customer executives like Telephone, Email, or Live chat systems. The customer support team of the LMAX broker is skilled and helpful enough to go the extra mile in solving the issues faced by the customers.

LMAX Customer SupportLMAX Customer Support

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LMAX Reviews: Conclusion

After going through LMAX Review, one can finally say that the broker is a one-stop solution for well-established institutional and individual traders. The broker has been awarded multiple times over the years for its consistent effort to revolutionize the concept of trading platforms. It has succeeded where many others have failed. However, LMAX does not offer much to new or inexperienced traders as the platform’s primary focus is to fulfill the needs of experienced traders by providing them a technologically outstanding LMAX digital trading platform.

FAQs

Is LMAX Safe or a Scam?

As per the LMAX review, it is entirely safe and secure to use as FCA regulates it. Moreover, LMAX Global, the parent company of the platform, has been awarded many times for its fast and transparent trading ecosystem.

How to Use LMAX?

To use LMAX Global, the users will need to access the platform first. This can be done using any device with an internet connection. Next, open an account, deposit the funds, and start trading. Novice traders can use a demo account for practice.

How to Sell in LMAX?

The process of selling an asset on the platform is simple. As the reviews say, just choose the number of assets you want to sell and execute the trade. The platform provides you the best rate by comparing its global market feed. The withdrawal will be made in the same way the account was funded. Usually, it takes only a few days for the settlement of money.

How to Make Money at LMAX?

One can make money on LMAX by using its multilateral trading facility, which provides over 100 instruments to trade with. As per the review, the LMAX Global offers tighter spreads on streaming and deeper liquidity that aids traders in making vast amounts of profits without paying a higher commission.

Which Platforms Are Supported by LMAX?

LMAX broker supports mobile trading, website trading, API trading, MT4, and MT5. One can use any type of platform depending on their investment portfolio.

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Forex Brokers

Exness Review 2021

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Before the advent of the internet, investors had to seek the help of a stockbroker to buy a stock trading account. But now, people are relying more and more on online brokerage firms that provide various options for investors to buy and sell mutual funds, bonds, and equities. Online brokers have also given customers the opportunity to keep an eye on the trades they are involved in. The multiple options available on the internet have given investors an edge to manage multiple positions at once. The online brokering system has opened the doors to the world of investments to people all over the world. As opposed to the limited knowledge that people had on stock marketing a few decades back, we have seen a new rush in the world of investments. Thanks to online broker systems, which have opened up financial trading to more customers and attracted more investors than expected. To know more about how the online broker system works, read through the Exness review, where we have given a comprehensive overview with complete research to determine if this is what you are looking for based on your priorities.

What Is Exness?

Exness is a reputed International Online Forex Brokerage Firm that focuses on providing retail foreign exchange services, partnerships, and corporate solutions throughout the world. This stock brokerage firm was founded by Igor Lychagov and Petr Valov in 2008. It renders services through its registered offices in London, United Kingdom, and Limassol, Cyprus, and is licensed by various regulatory authorities. Honesty and transparency are the company’s hallmark principles that have garnered a good reputation among investors, financial journals, rating agencies, and online publications, thus, attracting clients all around the world. The firm has been providing traders with new opportunities, constant improvement, and a chance to explore different financial services. The trading procedure is carried out on the user-friendly MT4 platform, which allows the investor to trade a variety of CFDs and Futures in a variety of places.

Exness Platform InterfaceExness Platform Interface

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Features of Exness

When it comes to virtual brokers, the user interface remains the focal point. The look of the website or mobile app, the design, and most importantly, the features available to users play a pivotal role. Having said that, Exness seems to have strived hard to make its platform stand out by enhancing the features of the website. Read our Exness reviews, to know more:-

Website Design

The look of the website is something that any new user will be amazed at. When the user opens the website, not only will the color, font, and design grab attention, but even the interface would look user-friendly and easy to navigate.

MetaTrader 4 and and MetaTrader 5

In this Exness review, one must expect to read on MetaTrader 4 and 5. It is not surprising that the broker is compatible with MetaTrader 4 and MetaTrader 5 (MT4 and MT5 respectively). Known to be the leading platform for forex trading in the world, these two platforms have a plethora of features for users. It gives them the room to run trading bots like EA, analyze financial markets, and also conduct advanced trading actions. They can even copy other investors’ strategies without any hassles.

Tick History

The Broker Tick History is a publicly accessible feature that ensures that investor orders are executed at true market prices. It allows investors to double-check whether their orders are being carried out correctly.

Trader’s Calculator

With Traders Calculator, the customer will get an accurate check on the cost of the transactions. The trader’s calculator aids in evaluating the basic values of the trade that they want to open. This includes pip value, margin, swap long, volume, swap short values, as well as lot price.

Expert Advisors (EA)

Expert Advisor is the program that is usually installed on both MT4 and MT5 trading terminals. By doing this, the trigger alerts that are set for certain parameters will give instant trading actions and notifications to the user when the required market conditions are met.

VPS Solutions

A 24-hour remote terminal, the Virtual Private Server or VPS, improves the efficiency and quality of the connection. Thus, the user can ensure that the transactions are delivered to the server without any delay.

They can avail of free VPS by having an account in the Personal Area or PA. Some of the criteria that should be followed include:-

  • At least US$500 in lifetime deposits (or the account’s currency equivalent).
  • A free margin of at least US$100.
  • A free margin of at least US$100 throughout the application period.

Exness Acadamy

Both novice and expert traders can use the vast training center with a library of trading resources. The academy allows them to explore a wide variety of new trading techniques and check daily market surveys with the resources provided.

Best Rates via ECN

This broker provides traders with the ability to connect to the interbank markets at the best available prices via an ECN account. The system organizes the client’s orders in a way that it compares pricing with the providers connected to the aggregator and strategically executes the orders for the best prices.

In addition, relevant data can be easily procured through request.

Exness FeaturesExness Features

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Services Offered by Exness

Service rendered by Exness is reliable, accessible and of high quality – they stand out from the other online brokerage firms by using the most innovative and advanced technologies. They are user-friendly and easy to work with. As per the Exness reviews, it offers the following services:-

Cryptocurrencies

CFDs on prominent cryptocurrencies like Bitcoin, Litecoin, Ethereum, Ripple, and Bitcoin Cash can be traded.

Indices

Renowned indices can be accessed to trade CFDs. This includes S&P 500, FTSE 100, Dow Jones Industrial Average, to name a few.

Energies

USOil and UKOil contracts can be traded.

Stocks

CFDs on stocks like Apple, Google, Tesla, and others are available to trade.

Forex

Gold, Silver, Platinum, Palladium, and other precious metals can be traded in the form of currency pairs.

Is Exness Regulated?

As per our Exness reviews, Exness is regulated by the most stringent regulatory bodies, like UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). Exness is regulated as a securities dealer by the Seychelles Financial Services Authority (FSA) and the latest with FSCA (South Africa). It has managed to seep into various territories to help customers transact across the EU region. The FSCA is a regulatory body based in South Africa. It is highly esteemed as a regulatory body in South Africa.

Exness RegulationsExness Regulations

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Exness Review: Pros and Cons

Pros Cons Around 107 currency pairs are supported. The jurisdiction of Seychelles having low protection of the rights of clients of financial companies is a risk factor. Offers lowest commissions in the forex market. The market choices are narrow. Zero spread accounts. No instruments for passive investment. Many options are available for trading accounts with varied approaches to charging a commission for new traders and experts. Analytical content and learning seem to be superficial. More than 60 base money of the account. MTS does not have the Standard Cent Account. Archived Tick data since 2015. US and Israel citizens are not allowed to register. Fast withdrawal methods and deposit process. Research materials are limited. 24/7 customer protection service available. Professional accounts need to have a high minimum deposit. Regulated by the FCA, CySEC, and FSA Limited range of financial instruments

Exness Account Opening Process

1. Some of the criteria required for a person to open an Exness account are as follows:-

  • The trader should be 18 years of age or above.
  • Should not be a citizen of the USA.
  • Should not be bankrupt.

2. Submission of required documents:-

  • While opening an account, the user should verify his information and fulfill KYC requirements.
  • Identity verification – Any government-issued ID, valid passport, or even a driver’s license.
  • Address verification – Bank account/credit card statement, income tax bill, government-issued ID, and Utility/telco bill.

3. Open an account with Exness with the following steps:-

  • Type wikibinhduong.com on the browsing page.
  • On the homepage, under the tab ‘new account’, select the country of residence is mandatory. Add an email address and set a password.
  • Click ‘Continue’ to proceed.
  • Log in – By logging into the ‘Personal area’, the user will be able to view two accounts – an actual trading account and a demo trading account for the MT5 trading terminal.
  • Verification procedure – The user will be able to unlock all the trading account features by uploading the required documents and verifying the account.
  • Deposit funds – Once the account is activated, the user can start trading.

Exness Registration ProcessExness Registration Process

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Types of Exness Accounts

According to the Exness review, it has a wide range of accounts to offer when it comes to account types to choose from. These accounts are varied in nature and designed to suit everyone interested in trading.

The accounts are mainly divided into two major types, designed to suit the needs of traders, including its own set of rules regarding margin calls, commission, and leverage to name a few.

Here are the 4 types of accounts in Exness:-

  • Exness Standard Cent
  • Exness Standard
  • Exness Pro
  • Exness Zero account

Standard Cent Account

Standard Cent Account is the best option for beginners because it gives a real feeling of being a trader. Be it the price volatility, spread, and slippage, with this account the trader will get a fair knowledge of what Forex risk is.

  • As stated earlier, this account is suitable for new traders as only the minimum deposit of 1 USD is required to open it. It helps in getting hands-on knowledge in Forex Trading.
  • As opposed to other trading brokers, the lowest fee that the broker charges is considered to be the best.
  • The very high leverage that this account has to offer ensures to keep the trader’s position longer with a low margin.

Exness Standard

Exness Standard is an account that is ideal for everyone. This comprises both novice and seasoned traders. Approximately 80% of traders in Exness open this category of account.

  • A one-time deposit of $1.
  • The minimum trading volume of $0.01.
  • The spread is extremely modest, with major currency pairs having a spread of less than one pip.
  • Standard account, like Standard Cent and Pro accounts, does not charge a commission.
  • A Standard account offers a great amount of experience in trading, including risk control.

Exness Pro Account

According to reviews, Exness Pro Account is the finest option for trading specialists and professionals who are serious about the Forex Market. The website’s adaptability and reasonable nature, as well as its user-friendly interface, make it a welcome place for traders.

Investors can execute millions of trades without incurring commissions, The Exness Pro Account has a very low spread when compared to other Forex Trading Brokers. Any seasoned trader would like to put their money into forex brokers with lower spreads. And with payouts as low as 0.1 pipis, this account is in high demand.

  • The opportunity to trade with 120 different currency pairings, and the account type’s infinite leverage and near-zero margin are further benefits.
  • A large range of instruments.
  • Trade with gold, silver, Bitcoin, Litecoin, and a variety of other instruments.
  • No commission charges in trading cryptocurrencies.

Exness Zero

Exness Zero or the Electronic Communication Network (ECN) account. This account allows trading with experts, professionals, and investors. It is a zero-type account, thus benefiting many in this place of investing business.

  • For currency pairs such as EUR/USD, USD/JPY, and CAD/USD, the Exness Zero spread is incredibly low, nearly zero. Zero spread is, without a doubt, the ideal and appealing condition for brokers to attract traders. EUR/ USD is a popular trading pair. Most crypto exchanges support the EUR/ USD trading pair. Exness also supports the EUR/ USD trading pair.
  • Currently, Exness offers four different liquidity sources. As a result, with a Zero account, customers get better, more consistent ECN quotations from Exness. If one opts for other brokers, they may run into some quote problems.
  • Deposit methods of Exness are simple. Unlike other brokers that demand traders to deposit thousands of dollars to begin trading, Exness simply requires them to deposit $300 to begin. This benefit appeals to low-capital traders. They don’t have to invest a lot of money to trade, and they can do it with a Zero account.

Exness Raw Spread Account

Exness Raw Spread is a new account type that was introduced in late 2019. This account resembles Exness Zero in many ways, however, the spread is not as low. The following are the account details for Raw Spread:

  • A minimum deposit of $200 is required.
  • Maximum leverage on the MT5 platform is 1: 2000, but on the MT4 platform, it is unlimited.
  • Lot commission: $7.
  • Spreads start at 0.1 pip.

Exness Trading Platforms (Include Exness Options Trading)

The trading platforms of Exness Forex brokers are extremely niche. Any investor would be interested in them. In this Exness review, let’s look at the trading platforms that are available for the traders to choose from.

MetaTrader 4

MT4 is known for its versatility, and is a tried and tested application widely used around the world.

The advantages of using this application are listed below:-

MetaTrader 5

MT5 is the advanced version of MT4. It is equipped with an enhanced interface with extra features for a great user experience.

WebTerminal

WebTerminal is an online platform that allows the user to completely trade using the MT4 and MT5 frameworks user experience. The key advantage of this platform, which is only available within an MT4 framework, is the extensive trading account management tools it provides. There is the possibility to trade on up to 128 real accounts or 10 demo accounts at the same time (opened on the same server). On the other hand, analytical tools such as charts and EAs are not available. This platform is only accessible for Windows, and it must be downloaded and installed before it can be used.

Exness Platforms

Some custom-made options available on Exness Platforms are Trader mobile app, Exness Trader mobile app, Social Trading mobile app, and Exness Terminal online trading platform.

Exness Trader

For a comprehensive and compact Forex Trading Terminal, the Exness Trader Mobile App is the best trading app on the go. Here, the user can manage Exness accounts, security, with technical analysis and economic stories.

Exness Terminal

Exness Terminal is a browser-based MT5 terminal available only for MT5 accounts. It requires no installation or downloads and offers the required functions with basic features.

Social Trading

The Social Trading mobile app is a platform that allows investors to replicate active traders (also known as strategy suppliers) to profit from profitable transactions. Although Social Trading does not come with its trading platform, it acts as one when investors copy deals.

Exness Options Trading

Exness Options Trading is also known as Islamic accounts, which enable Forex traders to follow Sharia law standards. Interest is forbidden under Sharia law, hence this Exness Options Trading does not pay or earn overnight interest or charge rollover fees on open positions.

Exness Leverage

As opposed to other brokerage firms, Exness offers 1:2000 on all accounts, the highest leverage level to be provided. It also includes a calculator that calculates the maximum leverage and margin needs based on the trader’s current account equity. And by providing the leveraged products, Exness broker offers traders a chance to increase their profit, where they can double up their invested amount. Albeit the profit, leverage can transpire into potential loss, thus giving a warning sign that for new investors, leverage trade can be a risk warning too.

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Exness Tools

The core purpose of trading is to double up the invested amount and to reap utmost success from it. To achieve them, Exness broker has tools using which investors can enhance their trading strategies and predict their trading accuracy. There are three types of trading tools available on the platform – calculator, convertor, and VPS hosting. The following are their functions:-

  • Calculator- Allows investors to get data on the basics of trading positions such as volume, swap short, swap long, lot price, margin, and point profit.
  • Converter- Major currencies can be instantly converted.
  • VPS Hosting– Helps in stability, speed, 24 hours trading, and portable trading.

Exness Trading Fees

To begin with, fees are usually charged by Exness depending on the account type. Commission fees are levied on the Raw account for up to $3.5 and Zero Account from $3.5, respectively. Both Pro and Standard accounts are free of any commission charges. Exness brokers also charge an overnight fee if positions seem to be held for more than a day. Each instrument has its fees based on these overnight or rollover positions. They are either charged as a fee or provided as a refund.

In addition, the Standard Account has a minimum deposit of $10 and the Raw Spread Account, along with the Zero and Pro accounts, have a minimum deposit of $500. Furthermore, there are no fees or charges on deposits and withdrawals, making the broker a better platform for trading. However, before completing any form of transfer, investors should check with their selected payment provider for further assistance, considering the payment provider may waive fees that the trader will be responsible for.

Deposit & Withdrawal Options

When it comes to deposit and withdrawal options, it is interesting to know that the investors’ funds are processed with immediate effect. This is to help investors in transferring their money to and fro without any hassle. With this, the investors get all the freedom to have control of their funds 24/7.

Some facts about the concept of deposit and withdrawal options:-

  • Only the Exness platform has metal currency accounts.
  • Visa and Master cards can be used for almost all entities. Though deposits are processed instantly, withdrawals typically take 3-5 working days if a bank card is used.
  • Instant withdrawal speed -Perfect Money, Skrill, AstroPay Card, WebMoney, Neteller, and Internal Transfer.
  • The commission on deposits and withdrawals is based on the payment methods utilized.
  • Traders can hold their funds in any of the 80 supported fiat currencies, as well as the specialized metal currency accounts featured exclusively on Exness forex broker. Get more details by clicking here.

Exness Partnership

The Exness Partnership Program is a good way to earn a passive income by introducing clients to Exness. The ‘partner link’ is pivotal in the Exness Partnership Program. It is a unique URL that serves as a referral ID that investors can share with the clients. Once the URL is shared and the potential client signs up using the partner link, the investor will be rewarded accordingly.

Exness PartnershipExness Partnership

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Exness Bonus

Currently, Exness brokers do not offer a marketing bonus program. This is due to forex market regulations that prohibit bonuses to onboard clients in the Forex marketplace.

Resources Offered by Exness

Exness brokers offer a provision for any kind of customer who is keen to learn the traits of getting into the investment business. The resources provided by Exness include Facebook, a Youtube channel, and a blog page, where new as well as old investors can get information related to the business of trading environment, trading conditions, and many more. Given below is a review of the resources provided by Exness:-

Exness Facebook Account

Those interested in the business of forex brokers like Exness can visit the Exness Facebook page, where they can retrieve information related to this forex broker. Exness posts a lot of updated information and content related to financial instruments, trading conditions, market values, and forex pairs. The page has no restrictions, and anyone interested in the field of trading can visit the page to read an updated post.

Exness Blog

The more the knowledge on trading, the better it is – This phrase refers to Exness, where a trader can read a lot of blogs and articles on various topics on Exness trading, its trading styles, forex pairs, and trading services.

Articles related to educational content, comparative analysis of different trading places, and other financial instruments can also be found. All the blogs are well researched and written by experienced trade analysts, blog writers, and technical specialists.

Exness YouTube Channel

Those who do not wish to read can always visit the Exness brokers YouTube channel where one can find information related to trading and investments. They can get updates on market analysis, trading strategies, and the conditions of the trading environment.

Exness Mobile App

The Exness app is one of the most convenient methods to access the Exness platform on the go. With this trading app, the user can get any information related to the financial markets with just one click. The investor can click on the features on the mobile app to get a feel of the app’s super-speedy order execution, MT4 and MT5, low spreads, instant withdrawals and deposits, forex pairs, and complete control of the account. The live chat feature on the app is something that cannot be missed. The live chat is something that is easy to operate.

Exness Mobile AppExness Mobile App

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Exness Security Measures

Security of traders’ accounts is of vital importance to the broker. To provide utmost security to the users, Exness has implemented a 2-factor authentication protocol to protect login details.

To keep the trading accounts secure and safe, the broker has developed optimal systems and security methods, which regulate the authentication of the user and checks that all the trading operations are executed by the owner and no one else.

The client’s account funds invested for trading are separated from the company’s funds, thus ensuring that the funds are safe and not at risk. All the user data is encrypted when transmitted to the database and is protected using cybersecurity protocols. This way the account stays private at all times.

Exness Customer Support

Exness offers a high-quality customer support team that solves all their clients’ issues in a jiffy. Customers facing any trading-related problems can contact the customer service over the phone, live chat, call back service, or email. Though the website content is available in 18 different languages, the customer support offers 24/7 service only in English, Thai, and Chinese.

Exness Customer SupportExness Customer Support

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Exness Review: Conclusion

What makes Exness different from other brokers is the user-friendly website accessible to all the clients irrespective of how old or new they are to the trading business. It stands by quality service. On the other hand, brokers, customer support is efficient, reliable, and safe.

A proper background verification should be done when a new trader wants to open a trading account in any brokerage firm. This should include examining what the firm offers, trading fees, trading accounts, and other features. Compared to all the list of forex brokers, Exness has attractive trading plans like hassle-free registration, tick history, demo trading accounts, minimal trading fees, forex pairs, and many more.

Finally, Exness Forex Broker is apt for beginners to begin their trading journey. Though it has not expressly marketed itself, this award-winning platform is widely recognized throughout the world. The website operating in 18 languages proves the mark it has made in the trading industry.

FAQs

Is Exness a Good Forex Broker?

Regulated and authorized by Exness UK Ltd, and Exness CY Ltd, Exness is a good broker firm that has created a niche trading environment for new as well as seasoned traders. They have no hidden commission and an opportunity to trade several CFDs in different places makes it a reliable and stable platform. Most reviews give it a good rating.

How Trustworthy Is Exness?

Many people wonder if Exness is a scam. The Exness Group has established its existence in various countries and has its firm regulated. For instance, Exness UK Ltd is regulated by the Financial Conduct Authority. It is also licensed and regulated by CySEC. This has enabled the firm to cater to financial products in the territories recognized by the platform. Many reputed firms are regulated by CySec. However, when it comes to investing, a trader should read through the terms and conditions and understand if it goes well with their potential and also if the broker’s operations comply with their residing company’s legal requirements. According to this review, Exness is not a scam broker.

How Many Days Does Exness Withdrawal Take?

It can take anywhere from one minute to seven business days, with no commission.

Is Exness Good for Beginners?

Most reviews say that Exness is indeed good for beginners, especially if they choose Exness Standard Account where they can invest just $1. This account helps in resolving all the doubts and problems that s trader faces at the beginning of the trading process. The trader will also get to learn what real trading is and the risk involved in forex trading.

What’s the Minimum Deposit for Exness?

Exness offers a minimum deposit of $1 for a Standard Account and $200 for a Pro Account.

Which Exness Account Is Best?

The Exness Standard Cent Account is the best account, to begin with, because it has good prices, good execution, low spread, and low volatility.

Does Exness Have a Bonus?

No, Exness does not have any bonus programs currently.

What Type of Broker Is Exness?

Exness is a Forex broker that trades money and bitcoins.

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