How to Protect Your Exness Account from Frauds

As a regulated broker, Exness is committed to prioritize their client's safety. Here's a guide to safeguard your account with Exness protocols and your own vigilance.

Any trader must understand that while the forex market is an incredible place to earn profits, it is also packed with lurking frauds. Sometimes it can be hard to avoid such malicious acts, even if you're being careful. Thankfully, there are brokers like Exness that take their clients' funds safety very seriously.

As a legit and regulated broker, Exness is committed to provide a safe trading environment with enhanced account security and advanced fund protection for their clients. The broker offers several protection measures to ensure that no unauthorized users can log in to your account and make any transactions without your consent.

To keep your trading account safe from frauds, we have summarized all the precautions that you need to take and a full guide on security measures provided by Exness in this article.

Identify Common Fraud Practices

Forex frauds can come in various forms. For instance, frauds may pose themselves as Exness representative to gain access to your personal data and funds.

Some of them may look legit and even use Exness logo to convince their targets. This is one of the most common tactics that they use to trick you into trusting them.

To avoid becoming the next victim of fraud, you need to be able to differentiate the real Exness agent from the fake ones. Here's how:

• Exness only uses their official brokerage accounts to contact customers, so if you come across an unofficial account on Telegram, WhatsApp, or any other messaging platform, it is most likely a scam.
• Check the validity of the message that they sent you. If they claim that they found suspicious activity in your account, directed you to a website and asked for your personal data, or offered investment opportunities, immediately block the number and delete the message.
• If you get an unexpected phone call from someone who claims that they work at Exness, then they ask for your personal data or direct you to click on a link, hang up and block the number.
• If you feel you've provided sensitive information to someone else, please log in to your account and change your password.
• If you're still unsure about the validity of an incoming message or call, contact the customer support team on the broker's website.

Should you come across a fraudster based on the description above, the best thing you can do is simply ignore them or you can reach out to Exness' customer support team for further action.

Use Exness Security Measures

To further protect your account, Exness offers several account security measures with various levels of protection. This refers to the verification methods available to verify the account holder.

In Exness, you are required to enter a 6-digit verification code to do certain actions such as changing your password, changing your security type, recovering your Personal Area password, and withdrawing funds. Therefore, it's important to choose a method that you can access easily to get the codes.

Please keep in mind that your account will be locked if you enter the wrong code repeatedly within the same period. When this happens, you need to wait for 24 hours before you can try again. Clearing your cache and cookies will allow you to try again immediately, but this doesn't guarantee that the process will be successful.

Change Your Security Type

Exness broker allows you to change your security type manually under certain conditions. You can do so in your Personal Area. Here is the step-by-step guide.

1. Login to your Personal Area using your credentials.
2. Click on your profile in the top-right corner and select "Settings".
   
   
   
3. Under the 2-Step Verification section, click the "Change" button.
   
   
   
4. Choose your preferred security type.
   
   
   
   
5. Enter the verification code sent to your email or phone number, or the code generated by the authenticator app to complete the process.

Other Tips on How to Keep Your Trading Account Safe

No one in the trading world wants to get scammed, but not everyone knows how to avoid it or is even aware of the risk. Here are some general tips on how to keep your Exness trading account safe from frauds:

• Do not leave your desktop, laptop, or mobile phone unattended. For higher safety, lock the screen with a password, PIN, or face recognition.
• Never ask anyone to create an Exness Personal Area using your name.
• Never share your personal documentation such as your national ID, passport, etc. with anyone.
• Never share your verification code digits or PIN with anyone.
• Do not send any money to unknown bank accounts, payment cards, wallets, or other transaction methods.
• Never open any links from unknown sources, especially if they look suspicious and are sent by an unofficial account.
• Do not tell anyone about the email or phone number you used to register with Exness.
• Only use your own mobile number, mobile device, and email to get verification codes.

Final Words

Compared to other brokers, Exness' account security measures are quite impressive. To prevent frauds and unverified users from accessing the account, each client is required to enter verification code every time they take vital actions such as changing their password or withdrawing their funds. 

But aside from that, you should also be able to protect yourself by not giving away your account credentials to anyone under any circumstances. By following the tips provided in this guide, you can recognize and avoid fraudsters on the internet rather easily. Just remember to always stay alert to keep your account safe at all times.

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.