Trying to find a reliable trading app can be a challenge, but Exness attempt to provide an easy and trustworthy mobile platform by releasing Exness Trader App. Is it worth using as it is claimed?
Mobile trading is increasingly in demand since traders recently prefer smartphones over desktops. Mobile trading is also considered more efficient as you can immediately analyze the market or execute orders just in the palm of your hand. So it's not surprising that various brokers have launched online trading applications.
One of them is the multi-asset platform, Exness, which released Exness Trader App mobile platform to meet client's needs for straightforward trading access, especially since the installation process only takes one minute.
Contents
Exness Mobile App at a Glance
The Exness Trader App is an application created as a solution for clients who want to trade with Exness accounts via mobile. This mobile app offers all the functionality of a trading terminal with a simplified experience to make users feel at home. You can also quickly sort your favorite instruments by name, popularity, and daily percentage change.
Through the Exness Trader App, you can trade on your MT5 account, both demo and live, without downloading another trading platform separately. But if you are an MT4 account user, you must download MT4 platform first to trade.
On PlayStore, Exness Trader App has been downloaded 10 million times with a rating of 4.2 based on 70,000 reviewers. While on the App Store, this application is ranked #112 in the financial category with a rating of 4.7 from 826 users.
Details on Exness Trader App
- Available on: iOS, Android
- Account types: All MT5 accounts
- Chart types: Line, candle
- Pending orders: Buy limit, buy stop, sell limit, sell stop, take profit, stop loss
- Indicators: Trading Signals by Trading Central, Moving averages, Bollinger Bands, Parabolic SAR, and so on.
- Time frames: M1, M5, M15, M30, H1, H4, D1
- Minimum system requirements: iOS 14.4, Android 5.0
Exness Trader App Features
Exness claims that its mobile app is convenient and reliable because it connects to one of Exness' 64+ servers worldwide, providing clients with fast and secure trade execution. The advantages of the Exness Trader App include:
- Regulated by seven licenses
- Serving 170+ countries
- $2 trillion in monthly volume
In summary, you can find the functionality of MetaTrader into one easy-to-use investment platform for trading stocks, forex, and crypto. The following are the main features of the app:
1. Advanced Services
Users can enjoy deposits and withdrawals through various options such as local payments, bank cards, to cryptocurrencies 24/7. Through the Exness Trader App, your deposit and withdrawal process will be more convenient because:
- One-tap money transfer directly in the app.
- Withdraw your money quickly via Exness Instant Withdraw.
- Instantly transfer funds between multiple accounts without fees directly in your trading application.
The Exness Trader App also has easy-to-reach customer support after you click the LiveChat menu from your profile. There are several popular topics to choose from, and if you haven't found an answer to your question, you can ask the operator for an answer. Additionally, Exness services are available 24 hours a day, even on weekends!
2. Full Trading Functionality
Exness offers attractive trading conditions to establish solid and long-lasting relationships with traders. This includes providing essential safeguards like Negative Balance Protection, 0% Stop Out, and enhanced protective tools such as Stop Out Protection and Price Gap Protection.
Once you have downloaded Exness app and completed live account registration, you will be able to open positions, close them, and manage all necessary orders.
Trading in this application is effortless. You must go to the Markets section to see the asset you want to buy or sell. You can also see recommendations from Exness experts.
Opening positions, placing pending orders, and closing positions can all be done with a button. Do you want to set deviation, take profit, and set stop loss? Everything is available on one screen. There is also an in-app calculator for quick margin, spread, and swap calculations.
Moreover, you can get Exness instant execution in this app, where you are allowed to:
- Place pending orders hassle-free directly on the chart.
- Get real-time trader sentiment on long & short activity.
- Get a quick view info window showing signals from Trading Central.
- Use a fast drop-down function for monitoring prices and performance on open trades.
3. Diverse Range of Instruments
On the Exness Trader App, you can easily access 200 instruments, including forex, cryptocurrencies, indices, stocks, and energies. The comprehensive option allows users to use several trading instruments at once and diversify their investment portfolio by choosing their favorite asset or browsing today's top-ranked and most traded products.
It also supports multiple chart tabs, so you can easily switch between stock, crypto, and forex trading charts conveniently.
4. Accessible Analytics
The Exness mobile app offers chart analysis with advanced trading signals and indicators of your choice. In the tabs next to the main menu, you will find trading signals that can help with trading decisions. Use the Overview tab to get in-depth price statistics and trends.
In the Tools section, there is a tool called Trader's Calculator. Starting from volume, leverage, pip value, swap, you , and other parameters, everything can be calculated using this calculator. Instead of doing all the calculations yourself, users can just paste all key levels and values into the calculator and get the results.
5. Market Watch
For Android and iOS users, Exness Trader App provides access to advanced market analysis tools. You can find bid/ask price alerts as well as get customized push notifications to stay up to date with market developments. You can also subscribe to receive notifications when the price reaches a certain level.
The "News" tab contains important financial news from around the world to make your trading decisions easier. Overall, Exness Market Watch provides:
- One-tap access to detail and up-to-date analysis, including signals.
- News feed, daily stock & currency reports, as well as professional technical analysis from FXStreet.
- Economic calendar
- Top movers for the day, week, and month and trade the trends.
6. Account Management
Exness Trader App can help you manage not one live account but multiple, which can be funded separately. For beginners, there is also a demo account with virtual money up to $10,000.
Easy account management can be found on the Profile Tab, which gives you access to several useful functions in one tap that includes:
- Complete account verification
- Share your affiliate link
- Trader's Calculator
- Custom settings such as preferred trading platform, notifications, the application language, and security settings
- Access to the Help Center
- Live chat with Exness support team
- Access to company legal documents and more
7. Multi-Language Support
Representing the global market, it's no wonder that Exness also provides multi-language support for its clients worldwide. The ability of Exness staff to speak multiple languages enables the team to respond effectively to your needs.
Exness acknowledges that all clients may feel more comfortable speaking their native language. Therefore, problem-solving becomes more accessible and can be addressed more quickly. Here are the languages available in the Exness app.
EndNote
In general, it is clear that the Exness developers wanted to keep the platform mobile without diminishing any functionality from the desktop version. The interface is very easy to master and is displayed clearly so that users can easily access the application on the go. Furthermore, it doesn't take much time and effort to download because all the download links and QR codes are on the broker's official website.
Exness is a forex and CFD brokerage that serves clients to trade across multiple markets with the most stable and reliable pricing in the industry. Their features include spreads as low as 0 pips and maximum leverage of 1:unlimited.
43 Comments
Jan 16 2023
Looking at the Exness mobile app for trading makes me even more excited as Metatrader is slowly but surely being replaced by the broker's own trading app. It's not perfect and many indicator tools are still Not available, but it is very easy to trade without having to go into the menu to find the indicators. The app also allows you to set up all your accounts, make deposits and withdrawals, and change leverage on the mobile app. I think the Exness app in particular is very advanced. For this reason, I am interested in doing trade with Exness.
Jan 16 2023
George: Yeah, I agree! all the mobile app trading that they offer seems very advance and very easy eyes. But what's make me worried is, is it accept Indonesia's Client since my country banning every offshore broker that don't regulate in my country and not only disallowed them to open an office in my country but also banning their website so I can even see their website and signing up in there. And also, is it safe to trade with Exness? I also found the Exness review on this website about the segregate account on Exness. What's that anyway?
Jan 16 2023
Erwin Cahyadi: I think you need to check the regulation at Exness; you can read at the broker's review that you have said. (read the review here).
As you can read in the review, it is regulated in 7 countries, and you can see that it has headquarters in 3 countries. This means that Exness is only available as a regulated broker in some countries, but that doesn't mean it's not safe to trade with them because the certificate of regulation prove that they are safe. If you find that the site is banned in your country, Exness is unavailable in your country. However, after doing some searching, I found that there is a website for Exness-Indonesia. This means that we cater to Indonesian customers and also serve Bahasa.
Through a segregated account, it means that your funds are segregated from the company's funds. So, if something goes wrong with Exness, they can give your money back because it is held in another Exness bank account in account.
Jan 17 2023
George: I just want to add yes... maybe there are people here who are interested in Exness but are still hesitant to join this application. Everyone must have their own worries, maybe one of them is security. Yes, I also know that the Exnees company is only based in 3 countries. But yes getting 7 regulators is not an easy thing to get in my opinion.
As long as I study about brokers that offer the same trading platform, but for regulation, 3-4 regulators are the most obtained. Meanwhile at Exness there are 7, woww, that's amazing!!!
Negative balance protection is also available in the app, which means that traders cannot lose more than their initial deposit. Lastly, this broker is regularly audited by Deloitte, one of the most reputable auditing firms in the world.
Jan 16 2023
I need some review here. First, I don't think comparing mobile trading platforms with PC trading platforms is fair. Of course, PCs are more advanced than mobiles, and PC trading tools are more complete. Don't forget to mention the big screen and chart details when you trade a PC if you compare the Exness Mobile App with Metatrader 5, the mobile version. Which one is the best?
Jan 16 2023
Shanon : I'm an Exness user and I think the web trader version of Exness is progressing as well as the mobile app trading. In general, comparing his webtrader and metatrader on PC, I think it's easier to offer the same functionality as exness. It also has almost the same features as Metatrader as far as mobile trading apps are concerned.
But for some traders, if they usually trade on Metatrader, they naturally choose Metatrader. If you want simplicity of trading and easy access to your account, you can opt for the Exness mobile app, which not only offers you trading anywhere in one app, but also the technical tools to trade there. But if you want to find a completer and more perfect app, the Metatrader mobile app is for you.
Jan 16 2023
I just entered the world of trading at the beginning of 2023, even though I just learned how to make a deposit. I learned a lot about trading before on websites and participated in many online webinars provided by Exness educational tools.
I was very impressed with the various deposit and withdrawal methods that Exness offers. Apart from that, I also like that exness offers instant and no-fee deposits and withdrawals, making funding my account (and withdrawing profits) much cheaper and easier than most other brokers.
I think Exness excels in this service.
Jan 17 2023
Diego: Hello, brother, I also agree that Exness offers its customers deposits and withdrawals that are hassle-free and that there are no fees. This is what makes Exness one of the brokers that provides the fastest service for its customers. Most traders, especially beginners, are definitely worried about their funds if it takes too long to process, both in terms of deposits and withdrawals.
Why do I say this? Because I have made deposits and withdrawals on the Exness application. In my experience in this matter, if you make a deposit or withdrawal at Exness the fastest you only need 24 hours for the funds to be received. These withdrawal times are faster than the industry average.
Jan 17 2023
Diego: I just want to add yes... maybe there are people here who are interested in Exness but are still hesitant to put their money in Exness. Everyone has their own worries, maybe one is afraid that the currency in their country is not included in the base currency at this broker. Well at Exnees you can get rid of such worries, why? Because in this application, you can open an account at Exness, and are given a choice of more than 40 base currencies. Most other brokers only offer 5 – 10 base currencies, so Exness really stands out in this regard. This is a huge advantage for traders around the world who will most likely have bank accounts in their respective currencies so they can avoid conversion fees.
Funds can be deposited in a number of different ways including Credit Cards, bank transfers, Neteller, Skrill and several other online payment systems through the Exness payment portal.
Jan 17 2023
Actually I was very impressed with the speed of the service at Exness, including the security of the account, the speed of withdrawal of funds, the account offered, and yes the instruments offered are also quite complete. Salah, as a trader who likes crypto currency, really likes Exness's offers. At Exness, as far as I know, it doesn't charge its traders for inactivity fees.
But there is little that is comfortable with this application. The fact that Exness exited the UK/EU retail market following regulatory restrictions meant to protect traders didn't make much of a positive impression on the group. With so many regulators, the application does not provide access for European traders. That's a shame.
Jan 17 2023
This is what I like about Exness, namely the variety of instruments offered. The fact that Exness offers over 100 Forex pairs on its books, Exness offers one of the largest sets in the industry, including majors, minors, and exotics. And yeah, do you know how much leverage this application offers? 3000 : 1 guys for the Forex. Wow,, that's very unusual in my opinion. The forex leverage offered is quite high compared to other brokers. in addition, Exness offers a much larger range of Forex pairs than any other broker.
Jan 17 2023
Hello bro, I really like exness which has been explained in this article. With the many trading tools offered in this application, this application can make this application even more competitive with other trading platforms out there. To analyze signals in trading available in this application, namely trading central. This tool is one of the popular tools among traders. Why is it so good? Because TC includes a multilingual and customizable plugin that puts Trading Central's technical analysis strategies, forecasts, comments and key levels (support/resistance/target/stop pivots) onto live MT4 charts for most tradable instruments.
And yeah I think exness provides the best trading tools for its customers.
Jan 17 2023
Lucita: Yes I know that trading tools for providing signals used by Exness are good tools. In my opinion, the biggest challenge in trading is preparing forex analysis to identify the best trading opportunities and control the risk of loss. And yeah as you explained that Trading central is a popular technical analysis tool for highlighting chart patterns and key price levels that can confirm market entry opportunities.
Oh yes, I have read this article to the end, but there is something I want to ask here. Does Exness also provide VPS service in its platform features? Because VPS also includes trading tools that are quite needed in trading.
Jan 17 2023
Rose:
rose:
Okay, I'll help you explain, sis, if you're curious. As far as I am trading at Exness, this broker also provides VPS services. And yeah I know that VPS is a remote terminal solution that benefits from reduced latency and downtime, as it is not affected by power outages or computer crashes. Even when the trading terminal is closed, the Exness VPS will continue to trade.
And did you know that Exness provides free VPS access for traders, see, but there are conditions. Namely you have to make a deposit of at least 500 USD. It is possible for beginners to make a deposit with funds that are quite high, but for professional traders it might be useful if used properly.
Jan 17 2023
I like trading with cryptocurrencies. And yeah, you know that this broker also offers a choice of asset instruments for cryptocurrencies. Even though it still tends to be a little, there are around 30 currencies provided. But what I like is, the crypto currency that is provided is mostly Bitcoin, including BTC/ZAR and BTC/XAU. This broker also provides Ethereum, Litecoin, Ripple and other specialty cryptocurrencies.
I think this is also enough to prove to traders, especially those who like trading cryptocurrencies, that this broker can be considered as a trading platform.
Jan 17 2023
Joshua: I don't agree with your opinion. In trading cryptocurrencies, of course you have to be extra careful in choosing which assets are good. because cryptocurrencies have high volatility. assets can suddenly rise, but at the same time can fall only some time. That's why I, as a trader, want a wider and more varied choice of crypto assets.
And well, did you know that this broker offers a very high leverage compared to other brokers for cryptocurrencies. Maximum leverage is 1:400. Traders should note that trading with this type of leverage on volatile assets is extremely risky. This can provide increased profit opportunities, but also large losses.
Mar 21 2023
The Exness mobile app seems to be perfect for advanced traders because it offers market watch and full trading functionality. It's also convenient that you can open an account on the app while trading with your old Exness account. Overall, the app seems really advanced and smooth for mobile trading.
As a trader who uses pending orders to execute trades quickly without waiting for the chart to reach the desired level, I wonder if the Exness mobile app supports this type of order execution. I don't always have time to monitor my trades, so using pending orders saves me a lot of time. Can you tell me if the Exness mobile app offers this type of order execution or just market execution?
Mar 21 2023
No worries, mate! The Exness mobile app is a bloody beauty because it supports pending orders, just like the desktop version. This means you can place orders at specific price levels instead of relying on the current market price. You can choose from different types of pending orders, such as buy limit, sell limit, buy stop, and sell stop orders. The best part is that once you've set a pending order, it'll be executed automatically when the price reaches your specified level. And if you need to change or cancel your pending order, you can do that with ease from the app.
So there you have it, mate - the Exness mobile app offers different types of orders, including pending orders, to help you manage your trades on the go. But if you're not a fan of the Exness app, you can always use the MetaTrader 5mobile version. However, in my opinion, the Exness mobile app has more functions that are helpful for Exness traders compared to the MetaTrader 5 mobile version. Cheers!
Mar 21 2023
I am also full-time woeker, and I gotta tell you, the Exness mobile app is an absolute lifesaver when it comes to trading forex. It's super user-friendly and I can manage my trades from absolutely anywhere, at any time. Whether I'm commuting to work or taking a lunch break, I can whip out my phone and check on my trades in no time.
The app's advanced trading tools are really something special. The market watch feature lets me keep track of different financial instruments and monitor their performance in real-time. Plus, with one-click trading, I can execute trades in a flash and get back to my day-to-day hustle.
Price alerts are another really handy feature for full-time workers like me. I can set up notifications on my phone, so if a currency pair reaches a certain price level, I'll know about it straight away. That way, I can keep tabs on the markets even when I'm not actively trading, and make informed decisions about my trades.
Honestly, the Exness mobile app has been a total game-changer for me when it comes to forex trading. It's just so darn convenient, easy to use, and has all the tools and features I need to trade successfully, even with my busy schedule. But hey, don't just take my word for it - give it a spin for yourself by opening up a demo account on Exness and see how it goes for ya!
Mar 21 2023
According to the article Exness Trader App for Exness Mt5 Traders? so if I have opened an account and use MetaTrader 4, I can't use the trading app? I mean, I am interested in both MetaTrader 4 and the Trader app, and what if I already opened a MetaTrader 4 account in Exness? Can I change my trading platform directly there, from MetaTrader 4 to MetaTrader 5?
Or do I need to open another account and choose MetaTrader 5? And if they reopen their account in Exness, do they have to do KYC again? THANK!
Mar 21 2023
Hey there! From what I understand, if you want to use the Exness Trader App, you'll need to have an Exness MT5 trading account. So if you already have a MetaTrader 4 account with Exness, you'll need to open a new MT5 account to use the app.
Unfortunately, you can't switch your MetaTrader 4 account directly to MetaTrader 5. But don't worry, opening a new account is easy and straightforward. You can do it directly from the Exness website or from the app itself. (read here about the different between MT4 and MT5 : Exness MT4 or MT5?
As for the KYC process, it depends on your situation. If you've already completed the KYC process for your MetaTrader 4 account, you may not need to do it again for your MT5 account. However, if it's been a while since you completed the KYC process or if there have been significant changes to your personal or financial information, you may need to go through the process again.
I hope that helps!
Mar 21 2023
Thanks for the heads up! I was surprised to learn that I need an MT5 account to use the Exness Trader app, but I'm glad I haven't opened an account yet. While I've heard that MT5 is more advanced and may have a steeper learning curve compared to MT4, I don't think it'll be a problem. Once you've learned the ropes of MT5, I think MT4 can also be picked up easily since it's essentially a less advanced version of MT5, right? Anyway, thanks again for the info
Apr 13 2023
Exness Trading App offers a wide range of trading features that can be easily accessed with just one click. The app provides a comprehensive account management system and allows for seamless trading in a single platform. After reading the article, it's clear that Exness is committed to taking their trading app to the next level. I was pleasantly surprised to see that the app also offers a pending order feature, which is not commonly found in other broker apps. Usually, traders are advised to use a different platform, such as MT, to place pending orders. However, with Exness, traders can experience all aspects of trading in a single app.
Now, I'm curious to learn more about how to place a pending order using Exness Mobile Trading app. Could you provide more information about this feature?
Apr 13 2023
@Yosen: I'd be happy to provide more information about placing a pending order in the Exness Mobile Trading app.
To place a pending order in the Exness Mobile Trading app, follow these steps (maybe I will missed some steps, it is the best for you to practice it directly) :
It's important to note that pending orders may not be executed immediately, as they are triggered when the market reaches the specified price level
Apr 26 2023
Hello Brothers, I also agree that Exness offers hassle-free trading and no fees. This is what makes Exness one of the brokers that provides the fastest service for its customers. Like many other brokers, Exness offers support for MT4 and MT5 applications, available on Android and iOS. It also offers its own internal application which allows you to manage your account, make deposits and withdrawals of funds, and trade in all Exness financial assets, but this is only available for MT5.
The Exness MT4 and MT5 applications allow traders to work from anywhere, with nine-time frames, 30 indicators, and interactive currency charts. Functionality for closing and modifying existing orders, calculating real-time profit/loss, and trading tick charts further empowers traders on the move.
However, I have a few questions for this broker, does this broker provide cryptocurrency trading for its traders? I'm very curious. As a beginner, may I try it?
Apr 26 2023
@Seung Gi: Wow, you don't know about trading at Exness, do you? Exness offers a sizeable cryptocurrency trade. Usually, brokers only offer a general range of crypto pairs and limit crypto trading to less attractive account types, but that is not the case with Exness. We are impressed by the large number of Forex pairs available at Exness. This broker also offers a decent range of cryptocurrencies, but with extreme leverage – up to 400:1. However, one of the downsides of this broker is that the number of stock CFDs available for trading is limited to just 70 instruments.
Exness offers Bitcoin, Bitcoin Cash, Ethereum, Dash Coin, Ripple, and Litecoin pairs. The pair is available for all account types, and the trading conditions allow for short trades in crypto.
Exness offers a good range of crypto crosses, most of them Bitcoin, including BTC/ZAR and BTC/XAU. This broker also provides Ethereum, Litecoin, Ripple, and other specialty cryptocurrencies. The maximum leverage is 1:400, which is much higher than other brokers. Traders should note that trading with this type of leverage on volatile assets is extremely risky. This can provide increased profit opportunities, but also large losses.
The spreads charged on these cryptocurrencies vary and are much higher than other currencies, but still not much different from those applied by other brokers.
Apr 26 2023
@Tony: although I like highly leveraged trading, I would also not prefer highly leveraged trading when it comes to crypto. The risk is too high, the market is also difficult to predict. There are several brokers that provide crypto trading with very high leverage, but it is too risky, Exness is one of them.
Maybe beginners who don't understand crypto volatility think that a leverage of 1:400 is good for trading, even though in fact it is too high in crypto trading. Traders need to pay attention that trading with this type of leverage on volatile assets is very risky. especially for those of you novice traders and want to trade crypto, you can consider Exness IC as a trading provider broker.
Cryptocurrencies are unstable, unregulated, decentralized and almost completely controlled by retail speculators. Trade the newest and most exciting asset class in the form of CFDs with Forex CFD providers.
The price movements of cryptocurrencies such as Bitcoin or Ethereum are mainly influenced by news and sentiment, namely the fear and greed of retail speculators. These sometimes dramatic moves can lead to large daily price swings, making cryptocurrency CFDs an attractive product for the aggressive and experienced day trader.
exness Cryptocurrency CFDs allow traders to hold long or short positions without owning any cryptocurrency. This means that traders can be exposed to cryptocurrency price movements without having to worry about the security risks of holding cryptocurrency and the counterparty risk of cryptocurrency exchanges. It's similar to trading energy futures like oil, in that you don't need to own physical crude oil to speculate on its price.
Jun 2 2023
Exness offers an excellent trading environment and is licensed by various authorities including South Africa. However, over time it became clear that Exness, which previously had CySEC and FCA licenses, was now operating primarily through SA licensees and international offices. The use of MetaTrader technology ensures high quality execution. In addition, we are also recognized for our excellent research, training and analysis which is beneficial to many types of traders.
On the other hand, trading products based solely on Forex and CFD have some limitations on the product offering. Also, there are no multi-currency accounts, although proposals vary by jurisdiction. Also, changes in regulations and broker licenses increase the changes and differences that traders can see in their trading accounts, so it's best to check if it's right for you.
However, Exness does not offer a very broad range of trade products and is not limited to European trade offerings because Exness has changed its license and operates primarily through international companies. Also, the spreads are average, but some brokers have slightly lower spreads and may be more regulated.
Jun 2 2023
Hi there! I'm interested in trading with Exness and I read that I can withdraw the amount equal to my trading account's free margin as shown in my Personal Area. I'm not sure what that means exactly. Can I withdraw all of my profits or just some of it? And how can I check how much free margin I have in my account? I'm feeling a bit confused, so any guidance would be greatly appreciated!
Jun 4 2023
Hey, no worries, happy to help!
So, when Exness says you can withdraw the amount equal to your trading account's free margin, it basically means you can take out the cash that's available in your account after you've opened and maintained your trades. This is the money that's not being used to keep your positions open. And yeah, you can withdraw all or part of your profits as long as the amount you want to withdraw is equal to or less than your free margin.
To check your free margin, just log in to your Exness Personal Area and look for the "Account Overview" section. You'll see your account balance, equity, and free margin there. Your free margin is the amount you can use to open new trades or withdraw from your account.
One thing to keep in mind though is that there may be some restrictions or fees for withdrawals, so it's always a good idea to check the terms and conditions before making a request.
Hope that clears things up!
Jun 19 2023
Based on the article, it said that Exness deposits can be made at any time, what about withdrawals. Can we do this at any time and what is the main reason to use Exness for Forex trading. What about the withdrawal process? can be done at any point after it is removed? And what if we found trouble at deposited and withdrawn, such as funds at my bank has been transferred but not in my account?
Jun 21 2023
Jun 25 2023
However, I have a question regarding the demo account: Does the demo account provide the same spread as the one offered in the live trading environment? Since spread plays a crucial role in scalping, it's essential to know if the demo account accurately reflects the actual trading conditions. Can you shed some light on this and provide insights into the spread comparison between demo and live accounts? Your expertise would greatly help me in making an informed decision.
Jun 26 2023
To get a better understanding of the specific spread comparison between the demo and live accounts, it's best to reach out to the broker directly or consult their support resources. They can provide you with more detailed information on how closely the demo account's spread matches the live trading environment.
Having a clear understanding of the spread in both demo and live accounts will help you make informed decisions about your scalping strategies and evaluate the potential profitability of your trades. Remember, it's always a good idea to gather as much information as possible before diving into any trading decisions. Good luck, and happy scalping!
Sep 1 2023
So, I saw this crazy 0.0 pip spread on Exness' Professional account. Talk about awesome, right? Imagine the sick advantage that gives traders! Basically, you'd barely pay any fees on your trades, dude! Boom, more profit in your pocket instead of lining the broker's with fat spreads. Plus, gotta think about making more money, man. That tiny spread could seriously boost your profits. But hold on a sec, is this too good to be true? Does this magic 0.0 pip spread work all the time, even when the market goes nuts or dries up completely?
Sep 2 2023
Exness' Professional account has a super tight 0.0 pip spread. This is basically a superpower for traders because it saves you money on every trade, like a constant discount! Tighter spreads mean more profit in your pocket, especially if you trade a lot (scalping) or make frequent trades.
But hold on a sec... Even with this awesome spread, things can get a little crazy in the market sometimes. This can cause the spread to temporarily widen, affecting all brokers, including Exness. It's kind of a normal thing in the financial world, so just be aware of it.
Overall, the 0.0 pip spread is a huge perk! It can save you money and boost your profits, but just remember to keep an eye on market conditions as they can affect the spread.
Sep 15 2023
Hey man, I really liked this article so I read it. But yes, I'm still learning about the world of trading, so I don't understand issues like the terminology used in this article. In this article, the author always mentions the terms Stop Loss and Take Profit several times.
What does this mean in trading Interpreted manually, it is still confusing. but I must admit, this is very difficult to understand for me personally. The following is an article about applications at the Admiral Markets broker. the broker mentions Stop Loss and Take Profit.
Is this a trading app feature? How important is it for a trader?
Please explain. Sorry if the question is a little strange, but this is a very necessary question to get a better understanding of trading.
Sep 16 2023
Hey folks, wishing you all the best on your trading journey! Let's delve into some important concepts: stop loss and take profit.
Stop loss (SL) is vital for curbing losses by selling a trading instrument at a predetermined price. It's set at the beginning of a transaction to guard against sudden downward movements, which typically occur faster than upward ones.
Conversely, Take Profit (TP) automatically closes profitable positions at a specific level. For instance, if you've placed a buy order for EUR/USD at 1.1280, setting TP at 1.3000 ensures closure when the price hits that target.
Before devising strategies, calculate your risk and reward ratio. Determine your acceptable risk (stop loss) and plan your take profit accordingly. For example, with a 1:2 ratio, if your stop loss is 50 pips, your take profit would be set at 100 pips.
In essence, these features aid in managing trading risk by automatically closing orders to prevent further losses and secure profits. Mastering their use is crucial for successful trading.
Sep 25 2023
I have been interested in cryptocurrencies for a while and coincidentally, I read this article and found that both Exness Markets offer interesting features.
However, both of them are actually forex brokers, right? When talking about brokers, it usually means there are swap fees if I'm not mistaken. The article didn't mention the swap fees that may occur in CFD assets. I mean, I have encountered many CFD assets such as forex, metals, and even indices that have swap fees.
If possible, could you let me know if cryptocurrency CFDs have swap fees too?
Also, can crypto swaps have their own interest rates?
Additionally, regarding the charts, do cryptocurrency CFD charts and cryptocurrency exchange charts have the same graphics and chart formats?
Sep 26 2023
When trading crypto with brokers like Exness, remember they focus on forex. So, expect swap fees with crypto CFDs. These fees vary by broker and asset, favoring either long or short positions. Swap rates are influenced by factors like supply, demand, and interest rate differences.
Chart formats for crypto CFDs and exchanges may differ, but both display similar data.
Sep 26 2023
You are correct!
Exness, a forex broker, also offers trading in cryptocurrencies through CFDs. Note that some brokers charge swap fees for holding positions overnight.
Check Exness' website or contact customer service for current swap fee details. Interest rates for crypto swaps vary, influenced by factors like supply, demand, and market conditions. Charts for cryptocurrency CFDs and exchanges differ in format but display similar data, aiding trading decisions.
Mar 31 2024
Regarding the feature I came across in the article, Exness seems to offer a plethora of tools beneficial for traders. However, one aspect that caught my attention is their commitment to providing favorable trading conditions to foster strong and enduring relationships with traders. This includes offering crucial safeguards like Negative Balance Protection, 0% Stop Out, and advanced protective measures such as Stop Out Protection and Price Gap Protection.
The array of safeguards mentioned in the article is quite diverse, and I'm particularly intrigued by Price Gap Protection. I'm eager to learn more about what exactly this feature entails and how it functions.
Apr 2 2024
Hey! Let me introduce you to the Price Gap Protection in Exness!
So, Price Gap Protection is a feature provided by Exness that helps protect traders from significant price gaps in the market. A price gap occurs when there is a sudden and substantial difference between the closing price of one trading session and the opening price of the next session.
Here's how Price Gap Protection typically works:
Gap Detection: Exness monitors the market for potential price gaps during times of high volatility, such as during major economic announcements or market opening hours.
Order Execution: If a price gap occurs and triggers the activation of Price Gap Protection, Exness ensures that traders' orders are executed at the best available price, even if it differs from the originally requested price.
Risk Mitigation: By executing orders at the best available price during price gaps, Price Gap Protection helps mitigate the risk of slippage, where trades are executed at a different price than expected due to rapid market movements.
Trader Confidence: Knowing that their trades are protected from adverse price gaps can give traders greater confidence to participate in the market during volatile periods, without worrying excessively about potential losses due to extreme price movements.
Hope it can help!