Education Problems
Have free VPS but high deposit
All I can say is that if you deposit $5, they charge slightly higher fees than other brokers, but if you deposit $500, you can get 0 spreads with 6-7$ fees. I think it's good because the lower the account types you have, the more fees you pay. My favorite indicator in Exness is a multilingual plugin that allows you to insert analysis strategies, comments, measurements, and trading central (support/resistance/target/stop pivots) for MT4. It also has a free VPS with a $500 deposit, with great speeds and low latency to support your transactions. But remember VPS can be enjoyed if you deposit $500. Of course, I wouldn't say I like Exness' education menu. The education in there only basic forex can be accessed on another website that more complete and advanced educational forex websites. Overall, I gave it 3 stars because only the trading tools are good. Others from Exness are standard for me so far. it's good but not so good
Dissapointing deposit and withdrawal system
Deposits and withdrawals trading at Exness rarely disappoints. I think it takes too long to be credited to the bank and too difficult to withdraw especially on weekends. The deposit was also too slow for me. I'm also encountering slippage and still no solution. The only positive feeling I experienced with Exness was when I first made an instructional video to create an account. The instructional videos seem to be very good at explaining forex and forex languages such as leverage, margin calls, equities, bulls, and bears. There are 5 languages, you can choose the language you want.
Dissapointing education system
Exclusive training at Exness. I mean, they just explain a bit about what forex is, what features and tools it offers, and he says risk trading in Exness doesn't even tell you about slippage and its solutions. That's it. They are very supportive and quick to place trading instruments in order positions, but I'm disappointed that they never tell me the risks, losses, and what would happen if I made a margin call. I think the lack of education that Exness provided to traders made me lose something that I knew I can avoid it.
Good, but not a beginner-friendly broker
This is a very good broker and I know that from the get-go. Even in the beginning, they feel very professional and non-gimmicky. I like that about a broker, it feels very honest and realistic. This is exactly what you should look for in a broker. They aren't that cheap if I have to be honest.
This is why I conclude that this isn't a beginner-friendly broker. Not to mention, I think this broker is very lacking in the educational department. That is such a shame because I think even a professional needs good learning materials. So, I hope they can be better in this part. Overall, I think I should give them a 3 out of 5 rating.
Does FXOpen offer educational support for new traders like me?...
Does FXOpen offer educational support for new traders like me? I have been looking all over their official websites but I couldn't find it. If there is any, is it free for all clients or do I have to pay an extra fee for their courses? I pretty much prefer classes with more interactive methods such as webinars, but I won't mind podcasts since I listen to them while doing my schedules.
Overall it is a very good broker for beginners or...
Overall it is a very good broker for beginners or for people who generally love simplicity. It offers a great learning experience and analytics training module. It also has one of the best execution speeds which I am very satisfied with! I would love to give them 5 stars, but there are several things that I wish they have.
1. Wire transfer posibility.
2. ETF products.
If they have these two features, FBS would be even better than any other broker in its class.
Problems Category
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Deposit and Withdrawal (70)
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Customer Support (37)
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Order Execution (26)
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Trading Accounts (18)
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Spreads and Commissions (17)
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Trading Platforms (12)
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Trading Instruments (9)
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Scam (7)
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Education (7)
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Slippages and Requotes (7)
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Automatic Trading (6)
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Regulation and Security (6)
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Trading Tools (3)
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Leverage (3)
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Trading cost (3)
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Bonuses and Promotions (3)
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Other (3)
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Broker Features (2)
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service (1)
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Demo Accounts (1)
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Waste my time!!
I feel scammed with no deposit bonus. I get bonus $50 and made profit a $400. So I began to withdraw, but after that they sent me email and I reachout to livechat. They said I just broke the rules of trading in terms of using deposit bonus. Why you dont explain it well in beginning? If you explain and EDUCATE ME AS TRADER with good EXPLANATION. I WILL NOT COMPLAINT and WASTING my time! Poor EDUCATION XM, so Poor!