Dedicated FREE FOREX VPS
EUR/USD 
Free FOREX Virtual Private Server
155.380 +0.01%
MT4 Demo Contest, Get $500
GBP/USD 
Sign Up for an Account, Claim 60% Deposit Bonus
AUD/USD 
Free MT4/MT5 VPS 2024
Send E-mail and Get Free Merchandise
$1K Refer a Friend Bonus for Pepperstone Pro clients
Maximize Your Earnings with 100% Deposit bonus
IDX 7,155.29 -0.27%
Trade to Win, $5,000 Monthly Demo Contest
Claim 30% + 15% Deposit Bonus from LiteFinance
Bitcoin 64,276.90 -3.21%
Ethereum 3,139.81 -2.49%
Litecoin 83.16 -2.29%
Exness Dolla rewards is a special program that can be used to minimize spreads and commissions. How does it work and what are the terms?
Exness dollar rewards is a loyalty program run by Exness that allows traders to save costs when trading or placing orders. It allows traders to target the reduction of spread and commission which constitute the majority of the trading costs incurred by traders.
Exness dollars serve as the currency of this loyalty program (EXD) and it can be used to cover 50% of the spread and commission charges that will be deducted on potential trades. Traders who take advantage of this program will only pay half of their trading costs while EXD will cover the balance. However, the EXD can only be used on a single trading account and not on multiple accounts.
See Also:
One Exness dollar is equal to 1 US Dollar. So, if a trader initiates an order that has an equivalent of 20 USD in spread and commission charges, the trader will only be paying 10 USD while EXD will cover the remaining 10 USD. This means that the more orders traders open, the more they get to save on trading costs.
The good thing about EXD is that traders do not need to do anything special to gain access to it as they only need to trade. There are no targets or minimum requirements that need to be met to get EXD. The rewards are guaranteed on every order initiated by the trader and every EXD earned by traders is theirs to keep without the fear of hidden penalties, cuts, or commissions. The EXD earned can be found in the trader's Reward Wallet and can be used on spread and commission costs for as many trades as it can cover.
The accumulated EXD will be available for use at the end of each month. This can then be allocated for use by choosing the trading account on which to use the EXD. Once the account is picked, every new order on the account will have 50% of the trading costs covered by the available EXD.
Where to Find the Information on the Official Broker Site?
- This information is reported per Mar 24 2023.
- We can not ensure if this offering is still available or remain the same in future.
- The broker announcement page may or may not exist anymore, You may explore Exness homepage and try to find "Promotion" section on the menu, footer, etc, to ensure the availability and validity of this promotion.
How to Use Exness Dollar Rewards
To simplify the process, follow the steps in this order:
- Open the Reward Wallet which can be found in the Personal Area under the Settings tab.
- Find the amount of accumulated EXD under the AVAILABLE REWARD.
- Go to TRADING ALLOCATION and choose the trading account on which the EXD will be used.
- From then on, all trading costs will be cut in half relative to the amount of EXD available.
The Exness dollar rewards is also about rewarding loyalty. When traders trade for three consecutive months, they are rewarded with extra Exness Dollars known as the activity reward. The more EXD traders earn via trading, the greater the activity reward.
The choice of broker is adjusted to the needs of each trader. If you are a trader who only needs a basic platform and trading features with the best attributes, then Exness can be your best choice.
Exness covers its lack of feature variations with other advantages like low spreads starting from only 0.1 pip. This is very suitable for traders who use scalping strategies (Scalper). Spreads on major pairs in certain account types can also be as low as 0.0 pip, depending on market conditions.
Not only that, but traders can also enjoy other advantages such as automatic fund withdrawals. Exness processes the majority of client withdrawals instantly, without manual checks; however, withdrawals may be subject tos depending on the payment provider or method of choice.
The safety of traders' funds is also guaranteed as Exness is one of the European-based STP/ECN brokers. Exness's ability to become an official partner of the Real Madrid soccer team for 3 years, starting July 2017, also provides evidence that the company has high solidity.
Deposits and withdrawals may be made 24 hours a day, 7 days a week. However, it is important to note that the company shall not be liable fors in processing deposits and withdrawals if suchs are caused by the payment system.
Traders do not need to worry about transaction fees when depositing and withdrawing. Exness doesn't charge any transaction fees to traders even though some charges may be incurred depending on the payment provider of choice. A variety of payment methods are provided for traders, including Wire Transfer, Bank Card, Neteller, Skrill, and many others.
The financial reports and metrics on the Exness website are audited quarterly by Deloitte, one of the four largest public accounting firms globally.
Moreover, Exness is one of the mote transparent brokers in the online trading industry. Traders can find out all information about this company on the website, such as trading volume, number of active clients, client deposits, company funds, and many more.
The platforms provided by Exness vary in MetaTrader 4, MetaTrader 5, Web, and Mobile platforms. This makes it easy for traders when trading on Exness, as they can also access Exness platforms anywhere and anytime.
Over the years, Exness has developed into a broker that attracts traders. Trader's trust is further enhanced by its compliance with financial regulations like the FCA and CySEC.
One measure of client confidence can be put on the trading volume. By December 2018, their clients' monthly trading volume reached USD348.4 billion and active traders around the world surpassed 50,342.
Through the program offered by Exness, traders also have the opportunity to earn extra income by becoming their partners. From the Introducing Broker (IB) program, partners can earn up to 33% spread commission from every new client that registers with them.
Additional income can also be obtained from Exness Partners. Traders can get a spread commission of up to 25% per transaction made by traders who register through an affiliate link.
When trading with Exness, clients can also make use of its free VPS hosting services. A VPS (Virtual Private Server) offers increased reliability and stability for traders as they can maintain their trades and expert advisors without interruption in the event of unexpected technical issues, such as internet or electricity downtime.
From the review above, it can be concluded that Exness is a favorite broker for traders because of low spreads and flexible account types. This condition is very suitable for traders with limited funds but is in need of more opportunities to get maximum profit. This broker is also well known for its maximum support on both new and existing partners.
Terms of the Exness Dollar Program
- EXD trading Reward – this refers to the portion of the trader's spread and commission that will be paid back in the form of EXD.
- Activity Reward – this is the reward that traders get for trading consistently for three months. Traders are allowed to monitor this extra EXD to know the amount.
- Next Reward – this refers to the EXD that a trader has accumulated in the current month and the trader can use it at the end of the month.
- Available Reward – this refers to the amount of available EXD that a trader can use and allocate to a trading account.
- Trading Allocation – this involves a specific trading account where the EXD will be used. Once the EXD is transferred to the account, half of the future trading costs will be covered.
This loyalty is a relatively new program started by Exness with a bid to improve it as the years go by. It is advised that those using the Exness Trader app should update it to the latest version so that they can access their Reward Wallet on their mobile devices and check the amount of EXD they have.
See Also:
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.
55 Comments
Widya
Mar 24 2023
That's great news! You don't need to meet any requirements to receive the cashback, and unlike other cashback programs, the Exness Dollar Rewards program is truly valuable at $1 and can cover up to 50% of your trading fees, particularly the spread. This is incredibly beneficial, especially for beginners.
However, I'm quite curious about other rewards that I can receive from the Exness Dollar Rewards program. Is it exclusively a cashback program for reducing fees, or does it offer other rewards as well? I would appreciate some clarification on this matter!
Jeren Walker
Mar 24 2023
The Exness Dollar Rewards program is primarily a cashback program designed to reduce trading fees for traders. As you mentioned, the cashback amount is valued at $1 and can cover up to 50% of your trading fees, including the spread. This cashback is automatically credited to your account after each trade, and there are no specific requirements to receive it.
Apart from the cashback program, Exness also offers other promotions and bonus programs that can provide additional rewards to traders. For instance, Exness occasionally runs a bonus program where traders can receive a certain percentage of their deposit amount as a bonus, which can be used for trading purposes. Additionally, there are occasional contests and challenges that traders can participate in to win various prizes, such as cash rewards or trading bonuses. For the example, Exness Trading Reward Bonus.
Widya
Mar 24 2023
I understand now that the Exness Dollar Rewards program is solely intended for covering trading fees, and to access other bonuses offered by Exness, I'll need to visit their homepage for more information. I'm becoming more interested in Exness now, thanks to the valuable bonuses and rewards that can significantly reduce my trading fees. Compared to other bonuses like no deposit bonuses, which can be confusing with many terms and conditions, this reward seems more suitable for beginners as it's straightforward to obtain and enjoy without any complicated requirements. Thanks for the helpful answer, by the way!
Milfa
Mar 24 2023
I just want to confirm again if there are no terms and conditions associated with receiving the Exness Dollar Reward. Does this mean that after signing up, making a deposit, and starting my first live trade, I'll automatically receive the Exness Dollar Reward? Also, could you provide more details about the program, such as how much volume of trading is required to receive $1 Exness Dollar Reward, considering that I'm trading with a lot size of 0.01? Additionally, is there an expiration date for the reward, as is often the case with other bonuses? I apologize for the random questions about the Exness Dollar Reward, and I appreciate your assistance in clarifying these details for me
John Clang
Mar 24 2023
You bet, mate! So, let me get this straight - you're wondering if there are any sneaky terms and conditions involved with the Exness Dollar Reward program. Well, I'm happy to report that there aren't any! Once you sign up, deposit some cash, and start trading live, you'll be raking in those sweet Exness Dollars. As for the specifics, you're asking how much volume you'll need to trade to earn $1 in Exness Dollars, right? That's a great question. I reckon it depends on your lot size, but if you're trading with 0.01 lots, it might take a little while to stack up those Dollars. Oh, and by the way, I'm not sure if there's an expiration date on the rewards because, I've been using the Exness Dollar Reward every month, and I haven't had any issues with expiration dates, mate.
hathaway
Mar 25 2023
Is there a regulatory body overseeing EXD to ensure its fairness and transparency? I find it really interesting that EXD offers traders the opportunity to save on trading costs with its one-to-one conversion rate to the US dollar. It's impressive that traders only need to initiate orders to gain access to EXD without any targets or minimum requirements to meet. The fact that rewards are guaranteed on every order and there are no hidden penalties or commissions is quite appealing. I'm curious to know if there is a regulatory framework in place to oversee EXD and provide assurance to traders regarding its legitimacy and adherence to industry standards. It would be reassuring to know that the rewards earned through EXD are backed by a regulatory body, further enhancing its trustworthiness and credibility.
Johnson
Jun 16 2023
@hathaway: First of all, you need to know that Exness is actually regulated by recognized financial authorities, including ASIC from Australia. This regulator body is responsible for overseeing the operations of Exness and ensuring they comply with industry standards and regulations.
Being regulated by reputable authority like ASIC means that Exness operates under strict guidelines and has to meet certain standards regarding fairness, transparency, and client protection. It provides an additional layer of assurance for traders, knowing that there are regulatory bodies overseeing the activities of Exness. And remember, all the activities in Exness is being watched by ASIC include the EXD program that offered.
Samuel
Apr 10 2023
It is interesting to learn about the history of GBP/USD from its inception to the present day. It has a rich history, having been around for a long time, and is even more historically significant than the current most traded currency pair, EUR/USD.
I would like to ask a few questions about the comparison between EUR/USD and GBP/USD. Are the spreads in EUR/USD and GBP/USD similar to each other? Additionally, in terms of liquidity, which currency pair is more liquid between EUR/USD and GBP/USD?
Finally, which currency pair is more suitable for beginners? Thank you!
Rodri
Apr 11 2023
Hey, great question! When it comes to comparing the spreads of EUR/USD and GBP/USD, they're usually pretty similar, but it can vary depending on the broker and market conditions. As for liquidity, both currency pairs are highly traded, but EUR/USD is typically considered the most liquid due to its popularity among traders.
Now, as for which currency pair is better for beginners, both EUR/USD and GBP/USD are widely traded and beginner-friendly. But, let's not forget that trading carries risks, so it's always important to start with a small account, manage your risks, and keep educating yourself to avoid potential pitfalls
Rendy
Apr 12 2023
Rather than comparing EUR/USD and GBP/USD, it is better to trade both to diversify your assets. By doing so, you can take advantage of different market conditions and benefit from price movements in each currency pair. For instance, if the market sentiment is positive towards the US dollar, you may want to trade the GBP/USD pair if you think that the British pound will gain strength against the US dollar, whereas the EUR/USD pair may not provide the same opportunities if the euro is also weak. Conversely, if the market is negative on the US dollar, you may want to trade the EUR/USD pair if you believe that the euro will strengthen against the US dollar, whereas the GBP/USD pair may not offer the same possibilities if the British pound is also weak. In short, trading both currency pairs can help you to diversify your portfolio and potentially achieve higher profits by taking advantage of different market conditions.
Mala Narin
Apr 15 2023
@Samuel:GBP/USD is indeed a historically significant currency pair, dating back to the 1800s when the pound sterling was the dominant global currency. As for your questions:
The spreads in EUR/USD and GBP/USD are generally similar to each other. However, the exact spread may vary depending on the broker and market conditions at the time of trading.
In terms of liquidity, EUR/USD is typically considered to be more liquid than GBP/USD. This is mainly due to the fact that the euro is used as a reserve currency by many central banks, and the EUR/USD pair is the most traded currency pair in the world. Nevertheless, GBP/USD is still considered to be highly liquid and can be traded with ease.
As for which currency pair is more suitable for beginners, this is subjective and depends on the individual trader's preferences and experience. Both currency pairs are widely traded, and there are numerous educational resources available for each. Beginners should focus on ing a currency pair that they are comfortable trading and should gain experience with a demo account before trading with real money. It's important to note that trading forex involves significant risk, and beginners should never risk more than they can afford to lose.
Jon Sen
Apr 15 2023
What are the benefits of using Exness Dollar Rewards compared to other loyalty programs in the forex industry? This question allows for a comparison between Exness Dollar Rewards and other loyalty programs, highlighting the unique advantages of the program. Some of the benefits of Exness Dollar Rewards compared to other loyalty programs could include higher cashback rates, more flexible redemption options, or lower minimum trading requirements. Additionally, this question could lead to a discussion of the importance of reducing trading costs for traders, and how loyalty programs like Exness Dollar Rewards can help traders achieve this goal.
Upamecano
Jun 9 2023
@Jon Sen: When it comes to loyalty programs in the forex industry, Exness Dollar Rewards is definitely worth considering. Here are some reasons why it stands out compared to other loyalty programs
First off, Exness Dollar Rewards gives you the freedom and flexibility to use your accumulated reward points the way you want. You can convert them into trading equity, withdraw them as cash, or even use them to access exclusive services and features. It's all about providing options that suit your trading needs and preferences.
What's great about Exness Dollar Rewards is that the rewards themselves are quite generous. You earn points based on your trading volume, so the more you trade, the more rewards you accumulate. It's like getting extra value for doing what you already love—trading!
And here's the best part: Exness Dollar Rewards keeps things simple and transparent. You can easily track your reward points, see how close you are to your next milestone, and understand exactly how the program works.
Ketty
Apr 30 2023
Exness is one of the international multi-asset brokers that has a good reputation abroad and has been operating since 2008. This company is also officially registered and supervised by 8 financial services institutions and authorities in various countries. The company also regularly wins awards, such as the Best Global Forex Trader and the Most Trusted Global Forex Broker at the Global Forex Awards. This company is also always audited by a trusted auditing institution, such as Deloitte.
At first, I asked, do all brokers offer this complicated and long process? But now I have found the answer, which is not all. it turns out that there is Exness which provides an easy registration and verification process and only requires a few documents.
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?
Kang Seulgi
Apr 30 2023
@Ketty: 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.
Paul
Apr 30 2023
@Kang Seulgi: Maybe beginners who don't understand crypto volatility think that 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 who 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.
Lalisa
Apr 30 2023
Actually, I'm still new to the world of trading, and yes, I rarely hear about brokers that provide trading instruments and platforms. You must be familiar with FBS and OctaFx which always appear in several advertisements on chrome and YouTube. while For the Exness broker, to be honest I have never heard of this broker.
And yes, I just found out about this in this article, and yes,, it seems that this broker is quite good and the service is quite instant. As already explained, this broker has only been established since 2003, but I can't say for sure whether this broker is good and safe. I asked my friends, is the Exness broker safe for my trading and funds? Is my personal data also safe here? If anyone knows, could you please explain...
Sweety
Apr 30 2023
@Lalisa: Exness is an international, regulated multi-asset broker operating since 2008 offering global trading in stocks, foreign currencies, metals, commodities, cryptocurrencies and energies. This broker is registered under the name Exness (Cy) Ltd and is officially regulated by CySEC. CySEC is the supervisory and regulatory authority for investment services companies in Cyprus. CySEC is also a member of the European Securities and Markets Authority (ESMA).
This international broker is known as a user-friendly platform and has a high level of transparency. Customer service support is available 24/5 and is available in 13 languages, including Indonesian.
This broker has over 300,000 users and trading volume exceeds $2.4 trillion. With a capital of $ 10, everyone can trade on this platform. These brokers also segregate customer funds from company accounts and store them securely in segregated trust accounts overseen by CySEC. This is to ensure that client funds will not be taken away and not used for the company's operational activities. So, this platform can be said to be a safe broker.
Hamilton
Apr 30 2023
@Sweety: Of course yes! Pepperstone is a legit broker. This broker is also regulated by FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), and FSC (Mauritius).
In addition to licenses from international regulators, Exness also takes a number of steps to ensure the safety of client funds, by doing the following:
Therefore, it is very safe and 100% reliable.
Thomas
Apr 30 2023
@Lalisa: I have been opening accounts with Exness for about 5 years and I have experienced the advantages and disadvantages of Exness. I really like the system and service at this broker, so I feel comfortable keeping my money here. Exness is regulated by several second-tier authorities including the CySEC of Cyprus and the FSCA of South Africa.
I still consider Exness a safe broker to trade with. Firstly, this broker holds licenses from a number of regulators around the world. Second, this broker provides all clients with negative balance protection, 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.
In addition, this Broker also provides users with access to advanced trading tools and services, such as technical analysis and charting capabilities. Apart from that, this broker also offers excellent customer service, which ensures that any questions or concerns are resolved quickly. One of the biggest advantages of this broker is the low trading fees. This means that users can maximize their profits by using lower spreads and leverage.
Lucky Su
May 19 2023
Hello! I've been checking out Exness Dollar Rewards, the loyalty program they've got going on. It seems like a great opportunity for traders to save some cash by targeting reductions in spread and commission, which are major trading costs. But here's the thing that's been on my mind: Are there any regulatory bodies keeping a close eye on this program?
I mean, it's important to know if there's some sort of oversight and monitoring happening to ensure everything is transparent and fair. It would give me much more confidence to participate in the program if I knew that regulatory authorities are actively involved.
So, do you happen to have any information on whether the Exness Dollar Rewards program is under regulatory scrutiny? It would be awesome to know that they're being watched by the authorities to make sure everything is above board. It's all about that peace of mind, you know?
Bernardo
May 25 2023
@Lucky Su: Hey there! I totally get where you're coming from. When it comes to loyalty programs like Exness Dollar Rewards, having regulatory oversight can definitely add an extra layer of trust and confidence.
Now, let's talk about Exness and its regulatory situation. Exness is actually regulated by a number of reputable bodies, which is a good sign. They're regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Conduct Authority (FCA) in the UK, and the Financial Services Commission (FSC) in Seychelles. These regulatory authorities have their eyes on Exness and its operations to ensure they comply with the necessary standards and regulations.
While it's not specifically mentioned whether the Exness Dollar Rewards program is under direct regulatory scrutiny, it's important to note that the regulatory oversight applies to the overall operations of Exness. This means that the program, being part of Exness' services, should also be subject to the same regulatory framework and guidelines.
Terry
May 27 2023
Hey, I've been hearing about this cool loyalty program by Exness, and I'm pretty excited to start earning some rewards. I read that they have this app called Exness Trader, and it's recommended to update it to the latest version to access the Reward Wallet and check our EXD balance. But here's my question: What should I do if I updated the app and everything, but I still don't see my rewards in the wallet? I mean, I want to make sure I'm not missing out on those sweet bonuses. Is there a specific step or action I need to take to claim or activate my rewards? I'd appreciate any insights or tips on how to make sure I can enjoy the benefits of the Exness loyalty program to the fullest. Thanks in advance, folks
Robin
May 28 2023
@Terry: Hi! If you have updated the Exness Trader app and you still don't see your rewards in the Reward Wallet, there are a couple of steps you can take to address the issue and ensure you can fully enjoy the benefits of the Exness loyalty program.
If you have followed these steps and are still unable to see your rewards, it is recommended to contact Exness customer support. Their dedicated support team will be able to assist you further. They can review your account, verify your eligibility for rewards, and provide any necessary guidance to help resolve the issue. Be sure to provide them with relevant details, such as your account information and any actions you have taken, to help them better understand and address your concern.
Marcos
May 31 2023
How safe is the Reward Wallet feature in Exness? When I open the Reward Wallet in my Personal Area under the Settings tab, I can see the accumulated EXD under the AVAILABLE REWARD section. After allocating the EXD to my trading account in the TRADING ALLOCATION section, I understand that my trading costs will be halved relative to the amount of EXD available.
However, I want to ensure the safety of my funds and personal information. What security measures does Exness have in place to protect the Reward Wallet and user accounts? And are there any additional precautions I should take to ensure the safety of my Reward Wallet and trading activities?
Davies
Jun 1 2023
@Marcos: The Reward Wallet feature in Exness is pretty cool, but let's talk about safety because that's important when it comes to anything related to your money.
First things first, Exness is a legit online broker. They're known for being regulated by top financial authorities like the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). These guys make sure Exness follows all the rules and keeps your funds safe.
Now, the Reward Wallet is a neat feature that Exness offers to give you some extra perks. You can earn rewards based on your trading volume, and then use those rewards for things like more trading capital or even cashback. When it comes to safety, Exness takes things seriously. They use encryption technology to keep your data safe and separate your funds from their own. That means your money is protected from any funny business.
But hey, let's be real here. No financial service is 100% risk-free. Trading itself involves risks, like the possibility of losing money. So it's always a good idea to understand the risks, know your own tolerance for risk, and have clear financial goals in mind.
Tuho
Jul 4 2023
What benefits can traders expect when cutting trading costs with EXD (Exness Dollar) at Exness?
At Exness, the value of 1 Exness Dollar is equivalent to 1 US Dollar. When a trader places an order with a spread and commission charge totaling 20 USD, they will only need to pay 10 USD, while Exness covers the remaining 10 USD. This allows traders to save on trading costs, and the more orders they open, the more they can save.
One of the advantages of EXD is that traders don't need to fulfill any specific requirements or targets to access it. Simply by trading, they automatically gain access to EXD. The rewards are guaranteed for every order initiated by the trader, and any EXD earned belongs solely to the trader without the worry of hidden penalties, cuts, or commissions. Traders can find the EXD earned in their Reward Wallet, and they can utilize it to cover spread and commission costs for as many trades as it can accommodate.
In summary, what advantages are offered to traders when utilizing EXD at Exness to cut trading costs?
Peter
Jul 16 2023
@Tuho: When traders utilize EXD (Exness Dollar) at Exness to cut trading costs, they can expect several benefits. Firstly, for each order placed with a spread and commission charge totaling 20 USD, they only need to pay 10 USD, while Exness covers the remaining 10 USD. This results in significant savings on trading costs.
Another advantage is that traders gain access to EXD simply by trading, without the need to fulfill any specific requirements or targets. The rewards from EXD are guaranteed for every order initiated by the trader, and any EXD earned belongs solely to the trader without any hidden penalties, cuts, or commissions.
Traders can easily track the EXD earned in their Reward Wallet, and they have the flexibility to utilize it to cover spread and commission costs for as many trades as they desire. This provides them with greater control over their trading expenses and helps enhance their overall profitability.
Dion
Aug 1 2023
It does sound pretty simple to create your own currency like EXD and have it equal to USD. But you're right; it does seem a little risky, especially in the trading world. I mean, can you really just create your own money?
I'm curious too—is this whole EXD thing legal and allowed in trading? It sounds cool to only pay 10 USD when you have 20 USD in charges, but I want to make sure it's all legit before getting into it. Creating your own currency and claiming it's equivalent to USD just feels like it could have some legal implications. So, do you know if this is actually permitted in trading? Let's find out!
Helga
Aug 2 2023
Exness operates under the supervision of multiple regulatory bodies, which should ensure its compliance with financial regulations. Since they have been operating since 2008 and are licensed in over 130 countries, it's reasonable to assume that they adhere to legal standards.
Regarding the EXD (Exness Dollar) system, without real-time updates, I can't confirm its current status or legality. However, if Exness offers this feature, it's likely to be in line with regulations and overseen by the relevant authorities.
To be absolutely sure, it's always best to verify directly with Exness or check for any recent updates on their compliance and regulatory status. If they are being regulated by reputable authorities, it should give you more confidence in their practices and the legitimacy of their services.
Ojin
Aug 3 2023
Absolutely! Creating your own currency and pretending it's equal to USD without proper authorization would indeed be illegal and could lead to serious consequences. It's crucial to steer clear of anything that seems shady or could get you into legal trouble.
But you're right, if Exness is regulated by reputable authorities and strong regulators, it's likely that their EXD system is legitimate and within the boundaries of the law. Having several regulators overseeing them should instill more confidence in traders regarding their practices.
As always, it's essential to conduct thorough research and ensure that everything is above board before getting involved in any trading activity. If Exness is indeed operating under the watchful eye of strong regulators, then you can probably trust that their EXD system is legal and secure.
Boris
Aug 2 2023
What would happen if the value of EXD (Exness Dollar) fluctuates and becomes lower than 1 USD? Since 1 EXD is currently equal to 1 USD, it's a sweet deal for traders as they only need to pay half of their trading costs, while EXD covers the rest. But if the value of EXD drops below 1 USD, would traders still enjoy the same benefit? I'm curious about how this could impact traders' cost savings and whether there are any mechanisms in place to handle such fluctuations. It sounds like a great rewards system, but I wonder if there are any potential risks or adjustments to be aware of if the value of EXD changes over time.
Sorius
Aug 3 2023
Based on the article provided earlier, it is stated that one Exness dollar (EXD) currently equals 1 USD, and traders can use EXD to cover 50% of their trading costs.
While the likelihood of EXD's value dropping below 1 USD may be low, the specific measures that Exness would take in such a scenario are not mentioned in the provided information. To obtain accurate and up-to-date information about how Exness would handle any potential fluctuations in the value of EXD, it's advisable to contact Exness directly or refer to their official website.
If traders are using EXD as part of a rewards system, it is possible that Exness would communicate with them beforehand to address any potential changes in the program. However, to understand the exact steps and protocols, it is always best to reach out to Exness directly for the most accurate and current information.
As far as I know, any bonus programs or items, such as discounted items, will be announced before implementation into the trading system.
Read more: What is Exness Cost Saving Feature?
Xerx Lugnar
Sep 3 2023
As a trading beginner, getting a bonus must be very enjoyable. Who doesn't like getting a bonus? However, I often try brokers who offer bonuses like this but don't get anything. I think there may be some requirements that are too late, so I want to ask a few things regarding the terms of this bonus, especially the minimum age limit.
What is the deal with the minimum age for the loyalty program? I mean, brokers come up with all sorts of fancy promotions and campaigns, right? Some even give you rewards just for verifying your account. But here's the thing: as a trader, you have to know what you're getting into and understand the different types of bonuses out there. So, let's break it down. In this article, Xm offers a Deposit Bonus for its traders, Sounds cool, right? But wait, what about the minimum age to enjoy all these facilities? Can you be a fresh-faced teenager and still act? It is important to know if there are any age restrictions set by the broker so that you don't miss out on these sweet deals. So, reveal the secret, what is the minimum age requirement for a trading bonus? Thanks
Sylphiette
Sep 5 2023
Well, let's dive into trading bonuses and minimum age requirements, guys! So, brokers are all about those flashy promotions and campaigns, right? They will give you some sweet prizes just to verify your account. But here's the thing: you have to know what you're getting into and understand the different types of bonuses out there.
In this article, they talk about some common trading bonuses such as loyalty bonuses. Sounds good, right? But hold on! What about the minimum age to take part in all this bonus action? Well, here's the bottom line: brokers usually have an age limit to follow legal and regulatory matters. In most cases, you must be at least 18 years old to participate in financial trading activities and obtain such bonus facilities. It's all about legal capacity, man!
But hey, keep in mind that age requirements can vary between brokers and jurisdictions. Some brokers may set the bar higher at 21 or even 25 years old. So, it's important to read the fine print, check each broker's terms and conditions, and make sure you meet their age requirements.
To play it safe and get those sweet bonus offers, make sure you provide accurate info about your age and follow the broker's rules. Stick with a reputable broker, do your research, and you'll be enjoying those bonus perks in no time, bro!
Vivan
Oct 17 2023
Just have questions here. Is the trading program described, where traders receive an equivalent of 10 USD from Exness (EXD) to cover half of their trading costs on every order, legally compliant within the financial industry? Can you elaborate on the specifics of how this program operates and why there are no hidden penalties, cuts, or commissions for traders?
Additionally, it's mentioned that the accumulated EXD can be used for covering trading costs at the end of each month. How does this allocation process work, and what criteria determine which trading account the EXD can be used on? Thank you!
Sandy
Oct 25 2023
@Vivan: That trading program where Exness (EXD) chips in 10 USD to cover half of your trading costs on each order, well, it's a cool deal. But when it comes to the legality and the nitty-gritty details, that's where you've got to put your detective hat on. You see, whether it's all above board depends on financial regulations, and those can vary from place to place. To be sure, you'll want to check out the terms and conditions Exness provides, where they spill the beans on any hidden fees, conditions, or commissions – or lack thereof.
Now, about that EXD you collect to cover your trading costs every month, the how and where it can be used – that's another piece of the puzzle. Usually, brokers lay it all out in their terms. They let you use the accumulated bonuses for trading expenses, but there are usually some rules and criteria about which account you can use it on. For the full scoop on how this allocation thing works, it's best to dive into Exness's official documents or give their customer support a shout. That way, you'll know exactly what's what and can make savvy choices when getting in on the program.
Alex Dios
Nov 15 2023
Hold on, I'm a bit confused here. Can someone break down for me whether the impact on our profits is genuinely significant when we're dealing with spreads and commissions in trading? I've delved into the trading costs associated with Exness, and from what I've gathered, the spreads and commissions seem to be quite minimal compared to other platforms. Moreover, there's mention of a new program called EXD that supposedly helps in trimming down our trading costs.
So, I'm really curious about the details on this! Can someone shed some light on it and provide a bit more explanation? Thanks a bunch!
Jeselyn
Nov 18 2023
Hey there, let's break it down with an example. Suppose you're trading with a spread of 1 pip and a commission of $1. The spread is essentially the difference between the buying (ask) and selling (bid) prices, and in this case, it's just 1 pip. Now, for every trade, you'd be paying a commission of $1. So, if you execute a trade, you'd factor in the 1-pip spread and add the $1 commission. This combined cost gives you a clear picture of what you're spending on each trade. (read more about spread and commission here : Which is Better, Commission or Spread?)
In comparison to some other platforms where spreads and commissions might be higher, this example with a 1-pip spread and $1 commission showcases a scenario where the trading costs with Exness are relatively minimal. It's these lower costs that can contribute to maximizing your profits in the long run. If you have more questions or need further clarification, feel free to ask!
Sharlotte
Nov 15 2023
Could someone clarify how the reward system for EXD operates? I'm referring to the process of receiving rewards. I've observed that rewards can be inconsistent in terms of timing – sometimes they take a while to show up in our trading accounts, and other times they're instant. Now, in the case of EXD, is it something we receive immediately when we trade, or do we have to wait until the end of the month? The article suggests waiting until month-end, but there's also some indirect mention of instant rewards. Any clarification on this would be greatly appreciated. Thanks!
Cheryl
Nov 18 2023
According to the article, EXD stands out as something special. What makes EXD unique is that traders don't have to fulfill any specific criteria or meet minimum requirements to access it; they simply need to engage in trading. This sets it apart from promotions offered by other brokers, which often come with targets or specific conditions.
So, if I'm getting this right, all you need to do is trade to unlock EXD, correct? Now, given that Exness is keen on minimizing anything that could reduce our profits, are there any tips or strategies that can really assist me as a beginner? I'm looking for ways to optimize my trading experience and make the most out of what Exness has to offer. Any guidance on this front would be greatly appreciated!
Justin
Nov 21 2023
Hey! It is really interesting to answer your question. In terms of maximizing your trading experience, especially as a beginner, here are a few tips that might come in handy:
Hope these tips can help!
Reka
Nov 18 2023
According to the article, Exness dollars play a role as the currency in the loyalty program (EXD), allowing them to cover 50% of the spread and commission charges incurred during potential trades. Could someone clarify this for me and provide examples of how the points are used to offset the spread or commission? So, if we have to pay $50 for trading fees, does using 25 points mean we only need to pay $25 in our account? Is it something along those lines? Also, I need to know what regulation or authority that watch the Exness's activity and is it really safe to trade with Exness?
Wendell
Nov 23 2023
YES, the EXD works like you said before but not 25 points needed but 50 points! Let me throw an example your way:
Let's say you've got $50 in trading fees. So, you need to cash in 50 points from EXD and you'd only need to fork out $25 from your account. Nice, right?
Now, onto the safety vibes with Exness. They're regulated by different authorities like Seychelles FSA, CySEC, and the FCA in the UK (read : Exness Review: Is Exness A Good Broker For You?). But here's the deal, the safety depends on where you're trading from, so check which regulatory body has its eyes on Exness in your area.
To suss out if trading with Exness is your jam, look into their track record, what other traders are saying, and the rep of the regulatory body keeping tabs on them. And of course, keep your trading game on point by using secure passwords and staying in the loop about market happenings. Happy trading!
Barzagli
Nov 28 2023
I would like to inquire whether it is genuinely worthwhile to aim for the bonuses provided by Exness. I've discovered that in order to receive these bonuses, one must engage in increasingly more trading. The article mentions that Exness dollar rewards are also intended to acknowledge loyalty. Traders who consistently trade for three consecutive months receive additional Exness Dollars referred to as the activity reward. The greater the amount of Exness Dollars earned through trading, the larger the activity reward. As a novice, is it advisable to pursue this approach?
Chandra
Dec 1 2023
The deal is, yeah, they've got these bonuses, but you gotta trade more to bag 'em. They call it loyalty rewards – trade consistently for three months, and you score extra Exness Dollars, aka the activity reward. The more you trade, the fatter the reward.
Now, here's the real talk for a beginner: Is it worth it? Well, it depends. In my opinion, bonuses sound sweet, but trading ain't all rainbows. It's risky, and you gotta know your stuff. Before you go bonus-hunting, make sure you're not throwing caution to the wind.
Don't let the bonuses distract you from the basics – learn the ropes, figure out your risk tolerance, and set your money goals. Bonuses are cool, but don't let them mess with your game plan. Bottom line: Get the hang of trading first, then think about bagging those bonuses.
James
Dec 15 2023
According to the article, the Exness dollar rewards system emphasizes the recognition of loyalty. Traders become eligible for additional Exness Dollars, referred to as the activity reward, after engaging in consecutive trading for three months. The magnitude of the activity reward is directly correlated with the amount of Exness Dollars accumulated through trading. Regarding the nature of the trades, the article does not specify whether the count is based on the frequency of trading or the volume of lots traded. As a scalper, would one be at an advantage compared to other traders in this reward system?
Feronika
Dec 18 2023
Allow me to clarify this for you. As outlined in the aforementioned article, it mentions the potential to reduce trading costs by 50% through a 50% reduction in both spread and commission. Essentially, Exness Dollars (EXD) serve as a tool provided by Exness to minimize trading fees. It's worth noting that the spread is closely tied to the volume of lots traded—the larger the lot, the higher the spread. For instance, if the spread is 1 pip, trading 0.1 lots would translate to $1, while trading 10 lots would result in $10. Additionally, commission fees kick in when reaching 1 lot. Therefore, the cost reduction is contingent on the number of trades conducted. I hope this clarifies any uncertainties you may have!
Grealish
Dec 20 2023
In my personal experience with EXD, the advantages for scalpers are indeed noteworthy. The article's emphasis on cutting trading costs by half through a simultaneous reduction of 50% in both spread and commission resonates significantly with scalpers, who thrive on swift and frequent trades. EXD, positioned as a crucial tool in this scenario, showcases its effectiveness in real-time, offering a tangible and immediate impact on diminishing trading fees. This becomes especially pronounced when considering the intricate relationship between spread and lot size, a critical factor for scalpers aiming for optimal efficiency. Speaking from my perspective as a scalper, I can confidently affirm that the positive effects of EXD are directly felt, transforming it into an invaluable asset in the pursuit of enhancing not only trading efficiency but also overall cost-effectiveness in the dynamic world of trading.
Vonriska
Dec 16 2023
I find myself a bit perplexed here. According to the information provided, rewards are guaranteed for each order initiated by the trader, and all EXD earned by traders is theirs to keep, free from the apprehension of undisclosed penalties, cuts, or commissions. As a novice in trading, my understanding is limited to the concepts of spread and commission. However, my previous experience with investing in a bank introduced me to administration fees associated with the investment programs I followed. This leads me to wonder about the broader spectrum of fees applicable to Forex trading. Unlike traditional banking investments, which may involve administrative fees, what other fees should I be aware of in the realm of Forex trading? As a beginner, having a comprehensive understanding of potential charges will undoubtedly contribute to making informed decisions in my trading journey.
Merianto
Dec 21 2023
Hey there! Let me answer your question about trading fees! In the realm of Forex trading, the fee landscape extends beyond the familiar spread and commission. As you embark on your trading journey, it's essential to be aware of a few other potential charges. For instance, overnight financing costs, also known as swap or rollover fees, may apply if you keep your positions open overnight. In times of market volatility, be mindful of slippage fees, which can occur when the execution of your order experiences a variance from the expected price, potentially resulting in additional costs. Additionally, some trading platforms may impose inactivity fees, especially if your account remains dormant for an extended period. Taking a deep dive into the terms and conditions of your chosen trading platform is crucial to understanding the intricacies of these fees. It's worth noting that unlike certain traditional bank investments, the fee structure in Forex trading is more diverse, emphasizing the importance of a comprehensive understanding of potential charges to make informed and strategic decisions in your trading endeavors.
As the additional information about hidden trading fees beside spread and commission, read this article : Hidden Costs in Forex Trading You Should Be Aware of!
Leonardo
Dec 18 2023
I'm intrigued by the information you provided about the Earned EXD being accessible in the trader's Reward Wallet, and its utility in covering spread and commission costs for multiple trades. However, a pertinent question arises: what happens in the event that the broker unexpectedly faces financial issues or goes out of business? Specifically, can the Earned EXD still be claimed under such circumstances?
Grealish
Dec 22 2023
Hey there! As of I know, Exness is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the United Kingdom. Regulatory oversight plays a significant role in ensuring the safety and security of traders' funds. (read :Comparing CySEC Vs FCA Regulation)
Now, turning to the safety of trading with Exness, it's generally considered important to choose a broker regulated by reputable authorities. Both CySEC and the FCA are well-known regulatory bodies that impose strict standards on financial service providers. These regulations aim to protect traders and maintain the integrity of the financial markets. Bout the claim of EXD, I think you cannot claim that since it is just your reward and not your profit or anything that involved your money in there
Hendra
Dec 26 2023
Hello! I have a few questions to clarify. The article mentions that traders are assured rewards on each initiated order, and any EXD earned is theirs without hidden penalties, cuts, or commissions. As a beginner, I'm familiar with trading fees like spreads and commissions, but I'd like to delve into the details of potential hidden fees. Are there additional fees I should be aware of, and how might they impact my trading? Thanks!
Paul
Dec 30 2023
Hello! It's great that you're being cautious and seeking clarification on potential hidden fees in trading. While the statement you mentioned suggests transparency, it's essential to thoroughly review the terms and conditions of the trading platform or service you're using. Here are some potential hidden fees that you should be aware of:
Withdrawal Fees:
Inactivity Fees:
Currency Conversion Fees:
Margin Interest:
Data Fees:
Platform Fees:
Slippage:
Overnight Funding Fees:
Regulatory Fees:
To protect yourself, carefully read the terms and conditions provided by the trading platform. Look for information on fees, and if anything is unclear, don't hesitate to reach out to customer support for clarification. To know more about the hidden fees, you can just read this article : Hidden Costs in Forex Trading You Should Be Aware of.