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What achievements did Exness get in 2022? In this article, we'll learn how they perform in 2022 and what they plan to achieve more in 2023.
Last year was a hustle for most investors and traders worldwide. The current state of the global economy has produced various unique situations in many parts of the world. In developed countries like the US, inflation has taken place and it's starting to get quite concerning. Europe recently faces even bigger questions following the fallout of the Russian War. As a result, the US and some other governments are trying to control the situation by setting high interest rates, which can present both risk and opportunity for foreign currency traders.
If you are planning to forex trade this year, you'll need a good broker with favorable conditions. It's definitely not the time to choose unreliable brokers just for the sake of it. You'll need to ensure that the broker has prepared good safety nets to keep the business going and improve their services for the clients. In this article, we'll be focusing on Exness' highlight performance in 2022 and their future plan for 2023. Without further ado, let's get into it.
Contents
Exness' 2022 Performance at a Glance
Contrary to the sticky situation that most brokers find themselves in last year, 2022 was a year of milestones for Exness. For instance, the broker reached an all-time record of $2.7 trillion worth of monthly trading volume in September 2022, making it the biggest retail market maker in the world. Not only that, but the number of active traders also increased to 360,000 in the same month.
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.
One of Exness' biggest achievements lies in its success in expanding its global footprint, particularly in the SSA region. To begin with, the broker has acquired a license from the Capital Markets Authority of Kenya (CMA) for the first time, which gives them permission to offer their products in Kenya under a protected regulatory environment. This is undoubtedly a great step for Exness to strengthen their presence particularly in Sub-Saharan Africa. Meanwhile, it's also good news for Kenya-based clients as they can now sign up with the broker and access the market quickly.
In October 2022, Exness built a brand new office in Cape Town to support all their activities in South Africa as well as increase their influence in the SSA region. It's worth noting that the broker obtained a South African license back in 2021, so opening a branch office there is certainly a significant milestone to improve their services for South African traders.
First CSR Project in Seychelles
Aside from developing their business, Exness also aims to contribute to society by launching its first Corporate Social Responsibility (CSR) program in Seychelles last year. The broker donated a total of 140 cork boards and whiteboards that benefited 35 classes in several schools in Seychelles, including the Pointe Larue Primary, Anse Aux Pins Primary, and Pointe Larue Secondary School.
To ensure that the donations made were directly received by the schools, the Exness CSR team decided to visit the Pointe Larue Secondary School and see how they could help. During their visit, the principal told Exness that many of the school's blackboards were damaged and needed replacement. Thus, Exness CSR team agreed to provide new whiteboards and corkboards for the school.
Launching such a CSR program is a great opportunity for Exness to establish their presence in the country and bring a positive impact to society. Considering its success, there might be a chance that Exness would launch more CSR projects in Seychelles or other countries as well in the future.
The Most Successful Exness Program in 2022
According to Exness, the pilot loyalty program featuring Exness Dollars (EXD) was one of the most successful programs of 2022. It was aimed to increase customer lifetime value and retention by rewarding clients with Exness Dollar – Exness' exclusive virtual currency.
The program basically paid back a portion of the traders' spread and commission charges in EXD for every trade they opened. The more trades they opened, the higher the rewards. The rewards were accumulated in the client's Reward Wallets and each month, they could use the available EXD to cover up to half of the costs of their future positions.
Overall, the program has proven to get positive responses from Exness clients, so the broker decided to extend the program further. In fact, Exness is planning a full-scale launch of its loyalty program in the near future so global clients can quickly enjoy the benefits of EXD.
Other Updates
Aside from the successful loyalty program, there were also a number of new features and updates introduced in 2022. Firstly, there was the partial order closing, which allows traders to close only a part of their positions on the Exness Trading Terminal. The broker also integrated TradingView charts with the Exness Terminal and app in order to allow traders to easily perform technical trading using various drawing tools and indicators.
The highlight of the new features was the customizable portfolio display on the Exness Terminal and app. It enables traders to move fields around, categorize their open trades by instrument, and modify their stop loss and take profit with a single click. It gives traders high flexibility, allowing them to change the interface according to their trading needs.
Overcoming Problems and Challenges
Despite its success in 2022, Exness also faced several difficult challenges as a result of increasing demand and volume. Considering that the broker's average monthly trading volume surpassed $2 trillion, it was certainly not easy to retain their reliability and competitive trading conditions.
To overcome the issue, Exness took advantage of their technological expertise to maintain the quality of their products. For example, the broker implemented advanced algorithms and automation into the trading systems to ensure seamless trading experience, and introduced fast withdrawal that's able to process withdrawal requests in just a few seconds.
Server decentralization was another strategy that Exness used to handle the rising trading volume. This method significantly enhanced the efficiency of trade executions and strengthens the broker's quality. The broker claimed that they are planning to continue decentralizing their servers to keep up with the rising volume.
See Also:
Exness' Future Plan for 2023
In 2023, Exness is planning to continue providing high-quality products and unique features, including mid-price stop-out, instant withdrawals, decentralization of servers, etc. The broker will also focus on developing systems to prevent abuses and ensure the client's security.
The broker stated that customer-oriented improvements will be their highest priority in 2023. This means Exness will focus on optimizing their products as well as eliminating all downsides in the offerings in order to maximize users' satisfaction. Exness will also try to use a more balanced approach, juggling ethics, reliability, innovation, and technological capabilities. They need to ensure that they offer the best possible trading experience on the market and outperform their competitors.
Not only that, but Exness is also planning to diversify their business by getting into emerging markets and establishing their presence in new countries where they never set foot. Hopefully, this will allow them to attract new clients from all around the world and strive even more.
Last but not least, Exness wants to add new crypto-related products to cater to the needs of global crypto enthusiasts. We can expect more crypto account types, payment methods, and other crypto-friendly features in 2023. After all, the broker's main goal is to provide services for all types of traders, not limiting it to certain groups of trading styles only.
The Bottom Line
Based on the review, Exness is a well-established broker with an impressive track record and various unique offerings. This includes excellent trading conditions, complete regulations, low spread and fees, and advanced technology used in their systems. The broker did particularly well in 2022, successfully reached a couple of milestones despite the difficult time in the forex industry. Once again, Exness has proven their reliability as well as commitment to give traders the best possible trading environment.
As for the year 2023, Exness seems to aim for even bigger goals as a global broker. It is planning to expand its business to new regions and attract a wider audience. Such effort is also accompanied by a number of technological breakthroughs and improvements in modern fields such as crypto trading. Therefore, we can definitely look forward to these exciting plans and see what other surprises they have in store.
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.
17 Comments
Hogi
Feb 3 2023
Hey there! I just learned something interesting about Exness, and I can't help but wonder about it. So, apparently, aside from focusing on growing their business, Exness also has a Corporate Social Responsibility (CSR) program. How cool is that? Last year, they launched their first CSR program in Seychelles, where they donated cork boards and whiteboards to schools. I think that's a fantastic way to give back to the community. But here's what I'm really curious about: what benefits does Exness get from their CSR efforts? Does it go beyond just developing their business? And is it something they feel obligated to do, or is it more of a voluntary initiative they genuinely believe in? I'd love to know more about how Exness sees the value and impact of their CSR program.
Yenne
Oct 27 2023
@Hogi: CSR in the brokerage industry, much like in other sectors, offers several advantages. For instance, it can bolster a company's reputation and cultivate a favorable brand image, leading to increased trust from customers and the general public. Engaging with the community through CSR efforts strengthens relationships with local stakeholders, encompassing customers, employees, and regulatory entities.
Additionally, CSR initiatives have the potential to elevate employee morale and job satisfaction by demonstrating a company's positive impact on society, instilling a sense of pride among the workforce. Such responsible practices are often appealing to top talent, making it easier for companies to attract and retain skilled professionals who share similar values and social causes.
Moreover, compliance with legal and regulatory requirements and industry standards can drive certain CSR endeavors, while contributing to the long-term sustainability of a company by fostering goodwill and loyalty among stakeholders.
Wahidul Alam
Apr 12 2023
Can you provide a detailed analysis of Exness' performance in 2022 as a forex broker, including their trading conditions, customer support, regulatory compliance, and overall reputation in the industry? Additionally, how does Exness compare to other leading forex brokers in terms of market share, profitability, and client satisfaction?
Sisca
Apr 13 2023
@Wahidul Alam: Hey there,to make a more accurate and up-to-date comparison with other leading forex brokers, I recommend conducting independent research and considering factors such as trading conditions, regulatory compliance, reputation, and client feedback. This will help you make an informed decision based on your specific trading needs and preferences.
BUt as I know, Exness is a well-known forex broker that has been operating since 2008. They offer competitive trading conditions, including tight spreads, fast execution, and a variety of trading instruments. As for customer support, Exness provides multilingual support through various channels, including live chat, email, and phone.
In terms of regulatory compliance, Exness is regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). These regulatory bodies ensure that the broker adheres to certain standards and client protection measures.
Exness has gained a solid reputation in the industry, attracting a significant client base globally. While I don't have access to specific market share, profitability, or client satisfaction data, Exness has been recognized with several awards for its services.
Mohiuddin Akesh
Apr 12 2023
As a potential investor or trader, what are the key factors that I should consider when choosing a forex broker, and how does Exness stack up in these areas? Specifically, can you discuss the importance of factors such as trading platforms, account types, leverage, spreads and commissions, deposit and withdrawal methods, educational resources, and regulatory oversight? Additionally, how does Exness differentiate itself from other forex brokers in terms of its value proposition and unique selling points?
Tanni Roy
Apr 12 2023
@Mohiuddin Akesh:When choosing a forex broker, there are several key factors that potential investors or traders should consider. These factors include the trading platforms offered by the broker, the types of accounts available, the levels of leverage provided, the spreads and commissions charged, the deposit and withdrawal methods available, the quality of educational resources offered, and the regulatory oversight and compliance of the broker.
In terms of trading platforms, it's important to choose a broker that offers a platform that is easy to use and provides the necessary tools and features for successful trading. Exness offers several trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary Exness Trader platform, which is designed to provide a seamless and intuitive trading experience for users.
Account types are also an important consideration, as different traders have different needs and preferences. Exness offers several account types, including Standard, Pro, and Raw Spread accounts, each with its own set of features and benefits. Additionally, Exness offers high levels of leverage, with up to 1:2000 available on certain account types, which can be attractive for traders seeking to maximize their potential profits.
The spreads and commissions charged by a broker can have a significant impact on trading performance, so it's important to choose a broker that offers competitive pricing. Exness is known for its low spreads, with average spreads as low as 0.0 pips on some account types, as well as commission-free trading on its Standard account.
Deposit and withdrawal methods are also an important consideration, as traders need to be able to easily and securely fund their accounts and withdraw their profits. Exness offers a wide range of deposit and withdrawal methods, including bank transfers, credit/debit cards, electronic payment systems such as Neteller and Skrill, and cryptocurrencies like Bitcoin and Ethereum.
Finally, regulatory oversight and compliance is a critical factor in ensuring the safety and security of traders' funds and personal information. Exness is a regulated broker, with licenses from top-tier regulatory bodies such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC). This means that Exness is held to strict standards of conduct and transparency, which can provide traders with peace of mind.
In terms of its value proposition and unique selling points, Exness differentiates itself from other forex brokers by offering a range of innovative and customizable trading solutions, as well as world-class customer support and educational resources. For example, Exness offers a range of trading tools and features, such as free VPS hosting, negative balance protection, and a variety of account funding options. Additionally, Exness provides traders with access to a wealth of educational resources, including webinars, video tutorials, and market analysis, to help them stay informed and make more informed trading decisions.
Overall, while there are many factors to consider when choosing a forex broker, Exness offers a range of competitive features and benefits that can make it a compelling choice for traders seeking a reliable and innovative trading partner.
Rahul Sharma
Apr 12 2023
In light of the ongoing COVID-19 pandemic and its impact on the global economy and financial markets, how has Exness adapted its business strategy and operations to meet the evolving needs of its clients and stakeholders? Can you discuss any new products or services that Exness has introduced or plans to introduce in response to the pandemic, as well as any challenges or opportunities that it has faced in this context? Additionally, how does Exness view the outlook for the forex industry in the coming years, and what steps is it taking to remain competitive and innovative in the face of changing market dynamics?
Leroy
Apr 19 2023
@Rahul Sharma: I think I can answer your question with my own prespective.
Like many other financial institutions, Exness has likely adapted its operations and strategies to cope with the pandemic's impact on the global economy and financial markets. The company may have implemented measures such as remote working arrangements for employees, increased focus on online customer support, and adjusted trading conditions to ensure that clients can continue trading in volatile market conditions.
In terms of new products or services, Exness has consistently introduced new tools and features to enhance the trading experience for its clients. Some examples include a new mobile trading app, improved account verification processes, and educational resources to help traders improve their skills and knowledge.
However, the challenges presented by the pandemic are not limited to Exness alone. The forex industry as a whole has faced numerous challenges due to the pandemic, such as reduced trading volumes and market volatility. On the other hand, it has also presented opportunities for forex brokers to adapt to new market conditions and offer innovative solutions to meet their clients' evolving needs.
Looking forward, the outlook for the forex industry remains uncertain, and it is crucial for companies like Exness to remain competitive and innovative. To do so, they may need to continue investing in technology, offering a diverse range of trading instruments, and providing excellent customer service to maintain their competitive edge in a rapidly changing market environment.
Anmar
Apr 19 2023
I just realized that Exness has been doing a lot to improve their services, not just with their trading conditions but also by helping the people of Seychelles. I think it's awesome that they're committed to doing their part in corporate social responsibility. I'm also really curious about their upcoming plans for server decentralization.
What kind of servers do most forex brokers use? It sounds like Exness is facing a challenge by implementing this kind of server. I'm wondering what the advantages and disadvantages are for brokers who use decentralized servers. Can you explain more about this?
Justin
May 20 2023
@Anmar: Hey there, as you know most forex brokers typically use centralized servers to handle trading activities. These centralized servers act as a central point where all trading transactions and data are processed. However, Exness is venturing into server decentralization, which presents both advantages and challenges.
When it comes to decentralized servers, the infrastructure is distributed across multiple locations instead of relying on a single central server. This distribution offers several advantages.
Hansi
May 23 2023
Despite its success in 2022, Exness also faced several difficult challenges as a result of increasing demand and volume. It's commendable to see how they managed to overcome these challenges and maintain their reliability and competitive trading conditions. It would be interesting to learn more about how Exness utilized their technological expertise to address these issues. Could you provide further details on the advanced algorithms and automation they implemented in their trading systems? Additionally, I'm curious to know more about their fast withdrawal process that can process requests in just a few seconds. It's quite impressive! How did Exness achieve such efficiency in their withdrawal system? It's fantastic to see their dedication to improving their services and ensuring a seamless experience for their clients.
Antonio
May 27 2023
@Hansi: Hey there! Exness utilized their technological expertise to address challenges by implementing advanced algorithms and automation in their trading systems. These technological solutions helped them manage increasing demand and volume efficiently, ensuring reliability and competitive trading conditions. As for their fast withdrawal process, Exness has optimized their systems to enable processing requests within seconds. They have streamlined their internal processes, utilized cutting-edge technology, and established strong partnerships with payment providers to achieve such efficiency. Their dedication to improving services and providing a seamless experience for clients is evident in their commitment to technological advancements and optimization.
Jimenez
Jun 16 2023
How has technology played a role in helping Exness address the challenges they faced due to increasing demand and volume? I read that Exness experienced significant growth with an average monthly trading volume exceeding $2 trillion, which must have posed difficulties in maintaining reliability and competitive trading conditions. I'm interested to know how Exness leveraged their technological expertise to overcome these challenges. Could you elaborate on the advanced algorithms and automation they implemented in their trading systems? Additionally, you mentioned the introduction of fast withdrawal processing. How has technology enabled Exness to achieve faster withdrawal times, ensuring a seamless trading experience for their clients?
Yudha
Jun 17 2023
@Jimenez: Hey there! Exness knew they had to step up their game when faced with the challenge of soaring demand and a massive trading volume. So, how did they tackle it? Well, they turned to technology, my friend!
They went all-in on their technological expertise and invested big time in their systems. They deployed fancy algorithms and automation to handle the massive influx of trades like a pro. These advanced algorithms optimized trade execution, reduced any annoyings, and kept things running smoothly even during peak trading hours. It's like having a supercharged engine under the hood!
But that's not all. Exness also cracked the code when it comes to faster withdrawals. They harnessed the power of technology to streamline the withdrawal process. With nifty payment gateways and secure online systems, they can zap those withdrawal requests at lightning speed. No more waiting around for ages to get your hard-earned cash!
Thanks to their tech-savvy approach, Exness has managed to conquer the challenges of high demand and volume like a boss. They're keeping it reliable, competitive, and making sure their clients have a seamless trading experience. It's technology at its finest, my friend!
Lucky Su
Jul 14 2023
Hey, I heard that in 2022, the Exness Trading Terminal introduced a pretty cool feature called partial order closing. I'm really curious about how it works! Can you give me some more info on this? I mean, it sounds like a game-changer for traders. Being able to ively close just a portion of their positions could be super handy in certain situations. Like, imagine having multiple trades open and wanting to lock in profits on some of them without closing everything. It could give traders more flexibility and control over their trades. So, could you please share some insights on how this partial order closing feature actually functions? I'm eager to learn more about it!
George
Jul 15 2023
@Lucky Su: Certainly! The partial order closing feature introduced by Exness Trading Terminal in 2022 has indeed been an exciting development for traders. It allows traders to ively close a portion of their open positions, providing increased flexibility and control over their trades.
With partial order closing, traders can choose to close a specific portion or percentage of their position while keeping the remaining portion open. This feature is especially useful in situations where traders want to secure profits on certain trades without closing all positions.
The process is relatively straightforward. Traders can access the partial order closing function through the Exness Trading Terminal. They can the desired trade or trades they wish to partially close and specify the percentage or lot size they want to close. Once the partial order closing is executed, the chosen portion of the position will be closed, while the remaining part will remain open.
Jenn
Oct 28 2023
Hey! I think Exness can do better because I read this article at 2023. It means, there is already 1 year since this article published. I just want to ask about the backwards of Exness that you guys feel. I mean, What specific improvements or aspects did traders find lacking or feel could be enhanced in their experience with Exness in the past, considering that Exness has declared its commitment to customer-oriented improvements in 2023? In light of their goal to optimize products and eliminate any downsides in their offerings, how do traders perceive these changes will positively impact their satisfaction and overall experience with the broker?