EXNESS
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Bro am trading with exness from years no problem ever occurred , fast deposits and withdrawals.
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Be cautious with these guys. After I have opened the account I have proceed to make a deposit via wire transfer. They give me all the details to do that, but my bank also needs their physical address that is not mentioned on the details, they only have gave me their bank address. So, I have asked via chat with Nita Winata what is the company address, and for my surprise after asking several times they refused to give me that info. That really makes me think that is a scam. Just a warning.
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Perhaps, they do not active to make lobby to local bank. I think its good suggestion for exness to improve their facility of financial process
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Good broker so far, I was looking for the instant money withdrawal and found it only with EXNESS(webmoney). I recommend.
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I have read carefully your review and point of view .... do you have any suggested broker perhaps?
best regards,
tchutchuco
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Hello,
I would like to share my experience concerning Exness broker and tell anyone why avoid it. I divided my opinion into three
parts: trading conditions, setting up the account and brokers origin plus inconvenient questions.
1) Trading conditions in Exness are poor. They have only one non Market Maker (Dealing desk?) account called ECN. On this
account they offer 3 to 4 times lower volume than their competitors (or even their liquidity provider that is LMAX). One can
clearly see lack of the liquidity by taking a look at Exness 1 minute currency charts, which are full of the opening gaps.
For the other types of Exness accounts (which are MM) there are no guarantees that the client's transaction even leave
Exness. Provisions and spreads int this broker are just average. The only thing that looks really good at this broker is the
guarantee that potential negative balance on the clients' accounts would be zeroed (like in case after catastrophic SNB
decision) - what actually made me interested in this broker. The rest is medicore especially from the scalper point of view.
2) I setup web page account really swiftly and send them copies of my ID documents as confirmation. I send them copy of my ID
document (I made it for purpose of opening an account in other broker) and was waiting two days for reply. Finally, I decided
to talk on the chat with their support and ask about the authorization. They told me that they never send the answer on
emails and it is only available through: logging into personal area -> then pressing on the link with my name -> then picking
Settings -> then moving mouse over label "Rejected" and small popup shows up with the information why it was rejected. Really
handy ;). Anyway the first document was rejected - it was to high quality and was concerned as a scan (and only photos are
allowed). So I made a photo of the document and send them - the small popup kept continue to show me the old message so I
contacted the support and they told me that my second document was rejected because it was to low quality (even though it was
readable and they told me this should be enough). I asked them what should I do next - I do not have other camera. So they
suggested me to use other person's camera what clearly seems to be putting clients' identification documents in danger of
falling into wrong hands (even deleted photo from other's person camera can still be restored and misused). Eventually I
wasted a week trying to authorize myself and getting any information from the support.
Most commonly brokers ask you to send them scans or certified photocopies of ID documents, but Exness just does not allow it.
So you are forced to buy a better camera (it looks that smartphones are not good enough) or risk that your ID documents will
leak out. I do not want even think how easily one can trick this company sending them photoshoped documents.
This is not how companies dealing with money should work.
3) Exness is Russian - that what they say. I wanted to know what does it mean that they are Russian company, in case tensions
between Russia and the West increases, and how they would be affected in case of potential war on Ukraine (e.g. new sanctions
introduced against Russia). When I asked these questions the support started to be aggravated, impolite and was trying to
avoid answers. But I kept digging and so they told me that there is no danger whatsoever because company is Russian, but
registered on Cyprus. When I tried to learn why do they call Cyprus company "Russian" (it is registered on Cyprus so it is
Cyprus company) they firstly rejected to answer this question and finally they told me it is because a lot of Russians are
working there. It is just unbelievable.
It looks like they try to hide some inconvenient information probably about relation between Exness Cyprus and some other
companies (from Russia). Most likely Exness Cyprus is just a branch of some mysterious Russian companies and no one can
guarantee anything (especially safety of client's funds) in case conflict between Russia and the West intensifies.
As for me Exness is not transparent enough (as Forex broker should be).
Conclusion:
I feel like I wasted a lot of time trying to set up the account in Exness (and got stuck because I do not plan to buy a new
camera), pulling some information from their support, making useless photos and trying to figure out and follow their weird
procedures. Anyway, hope that my experience will help others.
In overall I do not recommend Exness and do not plan deal with this company in the future.
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Am opening a $500 mini account with 1:2000 leverage....wil it be sustainable??any advise
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fast withdrawal , interesting offers ,also hight leverage which helps u sometimes to get scammed !!
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the only good thing of EXNESS is deposit and withdrawal is very fast.
Service is bad, spreads is very high on sometimes - 10-30 pips on GBPUSD / EURUSD !!!
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Why they don't have the regular and the most safe deposits-withdrawals -----> bank wire and cards.
I was burn my skin in the past by that third party service payments and a simle serf in the internet you will see to many angry reviews by this scammers with all this complicate payment systems. The money is money and is not something else (points etc.)
To transfere amounts by your bank in 1000 or 100000 people is the easy way by your bank just open your desk computer.
Ok i will pay the transfere and i know the fees of the bank but a account in bank have a name and legal documents and don't hiding back in no name domain names with fantastic securites which are easy to open without many questions.
I remember the liberty reserve what fantastic was until one day stole the accounts and the money laundering. It was the perfect site for fraud activities bacause they didn't ask to many about who you are and you can easy open business in net.
Anyway i'm afraid a lot (to lose money by my mistakes in market i accept it but to win and don't pay me and don't answer in my e-mails or in phone cals not)
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AHAHAHAH
2000: 1 of Leverage !
Welcome to the B-book !!!
with 2000: 1 of leverage, you loss everything with a loss of 5 pips (in fact, 5 pips minus spread)
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Good broker. I've been with them since 2000 and everything OK.
Weekend leverage change? Yes. my account leverage changed to 1:200 every weekend and I just don't over trade on Friday.
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i hope leverage unchanged at Friday night
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Good broker, excellent on swaps.
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I am happy with Exness So far | 😄
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It says on their website that leverage changes. It can change because of account balance or day or week like Friday. It has nothing to do with profit.
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Yeah, stay away from Russian brokers.
I do not have bad experience with Exness but
I had very terrible experience with awful broker named InstaForex
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Seems you are not a forex Trader. It is Registered in Russia but It's own by New Zealand's Management. In the world some specific region have the Money Industry, like Syprus, Aucland, Russia and some other place. Now Russian only the support Team, bcos of low cost employee than New Zealand.
I'm Trading this broker last 4 years. and always increasing Exness trading volume. it means people like Exness. So, my friend it is no use of your bad impression to this broker. People are going to Exness. ;)
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Well i am trading with this broker since 2010 with not a single issue as on date (except of requotes during high impact news hours which is acceptable). What a trader needs from a forex broker:
1. Solid trading Environment (i get less than a pip spread in E/U without paying any commission. what else i can expect. i must mention here i sometimes face requotes problem during high impact news hours. their requotes were terrible in 2010 when i joined em but now they are almost minimal but during high impact news hours you can still experience requotes issue & that's the only Con to mention about this broker)
2. Professional Support (i don't remember any instance when i contacted their support department & they didn't revert within few hours. most of the times they respond immediate i.e. less than an hour)
3. Fast Withdrawal (use their e-wallet withdrawal option & you will receive the money within seconds of your request. No matter if you are requesting withdrawal of $100 or $5000 it will be processed automatically & this is one of the main reason why i am sticking within this broker since 2010 while in the meantime i changed many others for my second trading account)
4. Regulation (They are regulated in Newzealand, Europe & Russia. They are not regulated in either UK or US & that's the reason why i am not putting my 100% money with em but still they can be trusted.)
5. Might be i have missed certain things but these are the main points which i generally look in a forex broker ;)
I can understand the frustration of newbies who might have busted their account & putting blame on a broker. There's nothing new in that, it's a tendency of newbies. If someone trading with this broker with real money & didn't bankrupt, ask them to leave the review & i must say you will receive positive feedback about this broker because i don't see anything to complaint about this broker. Newbies who burned their account most of the time leave negative feedback ...:)
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I too was close to opening an account but having read the posts on here - true or not - i'm hesitant to do so now.
