EXNESS
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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
Overall
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. ;)
Overall
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.
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wow thanks for the warning..
I was close to opening an account with them.
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one of cheating broker!!!
they change my leverage when my strategy look profitable...
if you need a save place for your huge money this RUSSIAN broker is
NOT RECOMMENDED!!!
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Fast in deposit and withdrawal.
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Neteller fund/withdrawal istant and free (best fund/withdrawal service overall in my experience). Low spreads, high liquidity, many cross.
If would not have the reduced leverage to 200:1 5h before weekend, it get 10/10 for me.
9/10!
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Ane wd lancar2 aja ya ?
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Don't believe in that "BellaVista507" he is one puckin looser I hope BellaVista507 your trading a cents account with exness because sooner or later I can see your account blowin dude. I've tried exness and they sure have some bad tricks lined up like temporarily disabling your mt4 account when trading. What bucketshop broker doesn't have anyway?
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Well here is the best question to support exness. Does exness force you to enter a buy/sell order? Most brokers claim that EXNESS has cost them money. Yet when you look at the persons trades. The trader has a huge pip drawdown (as swing traders usually have), not to mention they have no actual strategy. Yes exness may have a 1.5 pip spread the all of a sudden it becomes 10 pips. Yet that ONLY occurs during NEWS RELEASES. Any experienced scalper or trader knows to stay away from a currency during that time.
Exness is not the best broker for scalping, but they are not be blamed for your horrible entry point which ends up in you losing funds.
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First, I am very happy with this broker, but right now that says Mevo ............ But most make me GROUCHY is their server ..... it's been almost 2 weeks ....... The most severe .... Today only in the 2 hours I try to access, there are more than 10 X disconnect on my MT4 .........
Although they are very fast WD .................
Better to just leave them ...............
Overall
I've never been with exness, from the review here I was interested to try this broker (at first), but then I read the experience from Mevo and then try to look for exness website.
Well, first of all, that's what Market Maker do (even when you try to use ECN, we never know the truth how they works), and secondly, they accepting Liberty Reserve, this would make the broker itself less credible. Even when exness have "Preventing Money Laundering" page on their website, that page become useless as there's no actual verification on Liberty Reserve user from LR itself (different from PayPal or Moneybookers aka Skrill), user can create as many LR accounts as they want which means even the FX account under one person name, the source of its money can be from anonymous person.
And the last one, deposit bonuses, rebates, tight spreads, with those benefits how can a broker can get a profit if doesn't from the client funds? We should remember that brokers are living from SPREADS.
That's my opinion and no offense for all. Peace.
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I traded with them about a year and everything is convenient for me
best conditions with tightest spread , Withdrawal to LR works automatically, that's really Greatl!
Web-site: http://www.exness.co.in
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I would say that Exness has the best conditions you could dream of: Incredible spreads that are as good as best ECNs like LMAX or DUKASCOPY without any fee, and amazing swap rates (Maybe the best you can find). And you can have 30% rebates on top of this (I was with BestForexCashback, which had always been great). I told myself a few times that it was too good to be true, and unfortunately I was right, but at the same time, I was stupid too (won't change anytime soon I guess) and continued trading anyway as everything was fine for approx 6 months.
Then, as I was making too much profit I guess, happened what obiously would happen: I got SCAMED !
One part of my trading was arbitraging EURO against LITUANIAN LITAS by selling EUR/USD and selling USD/LTL, as the exchange rate is quite fixed. Was making profit, and earning good swap on USD/LTL shorts during the time I was keeping the positions open.
What EXNESS did is that they simply *DISABLED* trading on the USD/LTL pair, so I got stuck with more than 9 lots on USD/LTL shorts, and couldn't do anything anymore: Impossible to close any order, open new ones, change TP or SL. Of course, they did this without any notice. I emailed, chatted, and did whatever I could to make them let me manage and close my positions. Nothing to do, they kept on telling that they did not disable the trading on the pair, but that I couldn't close the positions due to "low liquidity" on the pair. Of course we are talking of a "market maker" account, not an ECN one, so THEY are the counterpart of the trade. And according to them, it's the "low liquidity" too that prevents me to change the StopLoss or TakeProfit of trades. And MT4 returns a "TRADING DISABLED" message ... Anyway, nothing to do.
Only solution seemed to let THEM close the positions. They tried to make me accept to cancel all the trades too. So, there was 2 possibilities according to them: Close all the positions at market price, or close the positions that were attempted to be closed, and couldn't due to the "low liquidity" problem, at the attempted close price. Seems not bad ... (I asked by chat and email a lot of times for them to confirm which trades that would be and at which prices, they never answered. Or they answered I would get an email with the information, which I never got)
One friday afternoon, to resolve this issue, I accepted by chat to close *ALL* (I always asked for *ALL* positions of my account to be closed at once so that USD/LTL and EUR/USD trades which hedge each other are closed at the same time) positions as the cross beetween the 2 pairs was favorable to me. Seems that in fact it was too favorable to me, as they waited, waited, and didn't close the positions when I asked. I asked again, kept on asking, and one hour later, still nothing was done. When price was far less favorable for me, I wanted to cancel the close of the trades, as they did nothing for more than 1 hour !!! And they kept on saying that they would close the trades at the close of the market, at the last available price. I refused and refused as it would be the absolute worst prices for me, with the highest spreads, but they didn't seem to take in consideration my request and said they would do it, and that I had no choice ... Nice !
Anyway, probably the conditions weren't bad enough (was really better than usual for a WE close), as they finally didn't do it ;)
Next week, I emailed them again to try to solve the issue. I tried to tell them that I would at least like to have the trades closed WHEN I ask it if I can't close them myself when I want and at the price I want because they disabled trading on the pair (which is already unacceptable). I finally agreed to already close trades that were attempted to be closed by my EA at the price of the attempt, which was in my favor. I checked my logs, and there were 2 trades with a close try at better prices than actual market price on USD/LTL, so why not start bu this ? *BUT* what they did, is that they closed one of this 2 trades at a WORSE price than the attempted close price and ANOTHER trade (not the good one) which wasn't attempted to be closed at a SILLY price which instantly gave a very huge loss !!! In fact they took the trade with the BIGGEST running loss and closed it at price far above actual market price.
When I emailed them with my logs and explained they made a mistake, they didn't want to hear anything. I politetly asked for them to cancel this operation then, as it didn't match what was attempted to be done and they never were able to reply to all my request to at least let me know what they would do, and close everything at market price. They refused and if I wasn't 100% sure until then, became obvious that they did what they did on purpose.
At this point, I wanted to try to withdraw what I could from my account, so asked them to close *ALL* account transactions, even if they would chosse the worst moment, as I had no choice ... And what they did finally is that they waited during a big market move (during ECB press conference) and only closed the USD/LTL trades, not the EUR/USD ones, so I had 9 lots of EUR/USD trades open ALONE in a directional bet. They just closed at the right moment so that even I was monitoring my account, I got another HUGE loss in a few seconds.
Tried to do my best to get out of the situation, gained again some of the lost money and got everything closed.
I then went on their website to do a withdrawal of what was remaining after all this and their "AUTOMATIC WITHDRAWAL" that they adverstise everywere seems to stop to be automatic when you try to withdraw more than you deposited ... So didn't get my withdrawal.
That's all the story (quite long, but tried to keep it the shorter I could). Don't get fooled by EXNESS good conditions, EXNESS is a *SCAM* !!!!! I had a stable 3000 MBB (a metal currency account) equity on my account, and growing with swap earned each day, which was approx 4100 EUROS. I now will try to advertise this story everywhere I can to warn other traders of EXNESS behaviour, and try to get this back by filling a complain with FDR. Hopefully it was only profits, I withdraw deposited money before, but that was months and months of hard work ;(
I have all chats / emails / logs / account statements / screen captures to prove everything.
Funny note: Not sure what it exactly means said like this, but article 3.2.a of EXNESS client agreement states that: "The Client is obliged to realize his right to open/close position in the terminal of the Company".
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requotes reguotes requotes requotes..did I mention all the requotes? spreads in Asia session horrible...and much much more..Avoid if you can!
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Not bad. Nothing fantastic, but acceptable for trading
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I have traded with them in the Past and there withdrawal is very fast!!!!!!
