Looking to make a profit from forex markets but not sure where to start? Exness Social Trading might be the perfect solution for you.

Exness Social Trading

It's pretty obvious that social trading is very popular these days. This type of trading opens new opportunities for many people and is often seen as a great path to earn from the market. The practice dates back to decades ago when people came together to discuss investment opportunities and pool their money to invest in a particular project.

Modern social trading, however, just started in 2010 with the emergence of social trading platforms that can be accessed from anywhere in the world.

The good news is that now many brokers offer social trading platforms with various features to appeal to both rookies and professional traders. As one of the leading brokerage firms in the world, Exness social trading is certainly hard to miss. Not only accessible but the platform is also known to be beginner-friendly.

Exness Social Trading is a platform that allows investors to copy the trades of experienced traders, known as strategy providers. This means that investors can take benefit from the expertise of professional traders without having to do any of the research or analysis themselves. Once investors have found a provider that they want to follow, they can simply click on the "Copy" button and the platform will automatically execute the same trades as the provider.

Exness Social Trading is a great way for investors to get started in the world of trading without having to learn everything from scratch. It is also a great way for investors to diversify their portfolios and reduce their risk.

To find out more details, let's take a closer look at the Exness Social Trading platform.

 

Exness Social Trading Platform at a Glance

Exness launched its very own social trading platform in 2019. In only 3 months, the number of participants has increased to 30,000. Now, it is known as one of the most reliable social trading platforms out there.

Exness social trading app has a user-friendly interface that makes it easy for traders to navigate around. At this time, The Exness Social Trading app is available on iOS and Android.

This app has been downloaded by more than 100,000 users on the App Store and Play Store. Furthermore, this app also has a good rating of 4.2 (Play Store) and 5.0 (App Store).

Explore further and download the app here

 

1. Strategies List

This is where investors can browse through various strategies and sort them based on various criteria, such as Currency, Most Copied, Return, Risk, Commission, and Number of Investors. If you want a more specific answer, you can add additional filters like Time Period, Return, Risk, Number of Investors, and Strategy Provider's Country in the Exness Social Trading app.

Strategies list

 

2. Portfolio

This is where you can see all of your active investments as well as your copying history. Aside from that, you can also view your current available balance and manage it.

In this section, the investor can diversify their investments and reduce their risk exposure. You can choose a strategy with low to medium risk but also match the return with your expectations. Furthermore, investors will be able to request a withdrawal by tapping on the wallet icon in the Portfolio section.

Portfolio value section.

 

3. Account

The Account section is the central hub where you can access and manage all your personal information. It provides various functionalities to ensure a seamless trading experience. In this section, you can customize your account settings, verify important documents, easily get in touch with customer service, locate your partner link, and conveniently make deposits or withdrawals.

Furthermore, the Account section offers robust security options to safeguard your Exness Social Trading account. You can establish additional layers of security, such as setting up a passcode, moving to a new Exnessaccount, utilizing fingerprint authentication, or leveraging FaceID. These security measures are essential to prevent unauthorized access and protect your account from misuse by unscrupulous individuals.

In addition, within the Account section, you can view the deposited amount in your account and track the complete transaction history. This feature allows you to keep tabs on your financial activity and stay informed about the status of your funds.

Account section.

In addition, investors would still be protected when the master strategy loses money or eventually reach 0 equity. In such cases, the trade will be automatically closed with a stop-out so the investor is supposed to stop copying the strategy.

Investors only need to pay a commission to the strategy provider if they have made profits in a trading period. If the investment makes losses, they do not pay a commission until the investment's profits of the subsequent trading periods exceed the losses.

 

How to Be an Investor at Exness Social Trading

1. Open the social trading app and log in to your account. If you already have an Exness account, simply input your data and click "Sign In". If you're a new user, then you need to make a new account. Click "Register" and follow the instructions.

Sign in Exness Social Trading App

 

2. For security reasons, you are required to set a passcode to open the app and access your account.

Set-up passcode.

 

3. Once you've successfully signed in, you can browse a strategy that appeals to you in the Main Strategy Area. You can add filters to customize your search.

find and copy strategies from exness.

4. Review the information on the strategy. Make sure that it fits your criteria and risk tolerance.

5. To copy the strategy from the Exness Social Trading app, click "Start Copying".

Copy strategies on Exness social trading.

6. Choose an amount that you want to invest in. Make sure that it exceeds the minimum level of investment set by the strategy provider.

7. All done! You can monitor and manage your active investments from the Portfolio tab.

 

How to Deposit and Withdraw

Investors are able to make deposits and request withdrawals through the Exnesss Social Trading platform app and website. As mentioned earlier, deposits and withdrawals can be made through the Portfolio and Account section.

 

Deposit

To make a deposit into your Exness Social Trading account, please follow these simple steps:

  1. Log in to your Exness Social Trading account and navigate to the Account section.
  2. Locate and tap on the wallet icon to access the deposit options.
  3. Select from the available payment methods provided and carefully follow the on-screen instructions to complete your deposit traer successfully completing the deposit, the funds should reflect in period within a short time.

Once the deposit is credited to your wallet, you can utilize these funds to invest in copying strategies and start benefiting from Exness social trading platform.

How to deposit on Exness Social Trading App.

 

Withdrawal

Meanwhile, to withdraw funds from the Portfolio section, follow these steps:

  1. Log in to your Social Trading app.
  2. Navigate to the Portfolio tab and tap on your wallet.
  3. Select Withdraw.
  4. Choose the payment method (based on which was used for the deposit transaction).
  5. Set the amount and currency for withdrawal.
  6. You will be presented with a summary. Tap Confirm to continue.
  7. Enter the verification code sent to your account's registered email address, or via SMS to the account's registered phone number, depending on your chosen security type.
  8. Finish with Verify to complete the withdrawal.

Your funds should appear in your wallet shortly. The exact time it takes will depend on the payment method you used. If your funds do not appear after a reasonable amount of time, please contact Exness support for assistance.

Please note that it is not possible to make a withdrawal while your investment is active, ensuring the integrity of the trading process. Additionally, internal transfers are not available for investors. If you have funded any trading account using a credit card in your Personal Area (PA), it is necessary to initiate a credit card deposit refund from your PA before proceeding with any fund withdrawals from your Social Trading wallet. This ensures proper handling of financial transactions and adherence to regulatory requirements.

Withdrawal in Exness Social Trading

 

Tools and Features

Exness offers a variety of tools and features in its social trading app, enabling investors to select strategies, monitor performance, and assess profitability. Here are some key features investors need to know:

 

1. Trading Realibility Level (TRL)

Trading Reliability Level (TRL) is a measurement tool of how well a strategy provider manages their trading risks. It is calculated by combining two factors: safety score and value at risk (VaR) score. The safety score measures how likely it is that a strategy provider will lose all of their capital, while the VaR score measures how much money a strategy provider could potentially lose in a worst-case scenario.

A trading reliability level (TRL) is a numerical assessment, ranging from 0 to 100, assigned to a strategy provider or portfolio manager (SP/PM) based on their trading performance. A higher TRL indicates a greater level of reliability in the trader's performance.

It is important to note that the calculation of TRL can only be performed 30 days after the initial trade is executed within a strategy or fund.

TRL levels are categorized as below:

  • Low score: TRL ranging from 0 to 40.
  • Medium score: TRL ranging from 41 to 70.
  • High score: TRL ranging from 71 to 100.

Exness social trading TRL

Please note that TRL is based on historical data and does not predict future performance. However, investors can still use TRL as a measure of how professional the strategy provider is.

 

2. News Feed

The News Feed is a section of the social trading platform where strategy providers can share updates with investors. These updates include information about the strategy's performance, upcoming trades, and any other relevant news or information.

Investors in Exness Social Trading App can use the News Feed to stay up-to-date on the strategy's progress and make informed decisions about whether to continue copying the strategy. The News Feed also supports a translator feature that makes it easier for investors to understand updates from strategy providers.

Exness Social Trading - News Feed

 

3. Statistics

Statistics is a tool in the Exness social trading app that allows you to view the return and equity of a strategy.

Here is a more detailed explanation of each metric:

  • Return: This metric shows how much money the strategy has made or lost over a period of time. These daily stats calculate the user's change in equity from the beginning of the month until the end of the month and offsets any deposits/withdrawals.

  • Equity: This metric shows the total amount of money that is currently available in the strategy's account. It is calculated by adding up the strategy's profits and losses, as well as any additional deposits or withdrawals that have been made.

Investors have the flexibility to customize the visual representation of graphs and data in the Statistics tab based on specific timeframes, such as 1 month, 3 months, 6 months, and more.

strategy tabs exness

 

4. Orders Tab

In the Orders tab, investors can monitor all open orders as well as the order history made by the strategy. Tapping on any item in the list will expand its details.

It is crucial to pay attention to the information presented in the orders tab as it provides insights into the profitability of executed orders by the strategy provider.

Orders tab in exness social trading apps

 

5. Stop Loss and Take Profit

This feature is highly recommended to be installed in the strategy you have chosen. This tool can protect the value of the user's investment from unexpected price movements when the investor is not paying attention.

To set stop loss and take profit, click on the investment strategy and click "Add Stop loss" or "Add Take Profit" located under the caption "Stop Copying Automatically". Enter your desired price limit and click add, then confirm.

stop loss.

After confirming the installation, your investment will be closed automatically when it crosses the price limit. Investors can change the limits that have been applied by clicking the numbers on the stop loss and take profit.

 

6. Notification

Exness Social Trading for investors has the option to set alerts that will notify you through message notifications on their mobile devices when a specific equity level is reached.

This feature enables you to closely monitor the performance of your investments. By default, there are pre-installed alerts, but you can modify or remove them to suit your preferences.

notification exness social trading.

 

Finding a Good Strategy for You

Before you start copy trading in Exness, there are some things you should do first. To choose your first strategy to copy, it's important to review the strategy and ensure that it has a high chance to bring you profit.

You can find all of the in-depth information you need on the strategy page. To view it, simply click the strategy from the Strategy Main Area or the Portfolio tab, then click "Overview".

Find strategy on exness social trading app.

There are several types of information that you can gather such as:

 

Risk Score

It reflects the level of risk of the strategy. Basically, the higher the score, the greater the risk. Keep in mind that while a high-risk strategy can give you more money, it can also make you lose money more quickly.

The score ranges from 1-10. Let's take a look at the table below for detail about risk score measurement.

Risk Score Level Description
1-5 Moderate The risk of losing all of your investment in the short term is low.
6-8 High Be very cautious and accept responsibility for your losses.
9-10 Extra High Be extra careful and only use money that you can afford to lose.

The risk score displayed for a strategy represents the highest level of risk attained on that specific day. However, this score is recalculated every 20 minutes and increases only if it surpasses the highest score achieved during the day. Additionally, Strategy Providers can improve the risk score by trading with a smaller portion of the strategy's capital over 30 days.

Whenever a strategy achieves a higher risk score, it is promptly updated. For scores of 9 and above, the strategy is automatically hidden from potential Investors as a default precautionary measure.

If you encounter a risk score of 6, it indicates a high level of risk. The higher the score, the less available free margin the strategy has, making it more susceptible to potential vulnerabilities.

 

Return

Return in Exness Social Trading displays the growth of a specific strategy and it is updated daily. The statistics are designed to calculate the change in the strategy from the beginning of the month until the end of the month.

The calculation considers different periods determined by specific actions such as account deposits, withdrawals, and internal transfers, collectively referred to as balance operations (BO). The return value is determined by multiplying these periods between balance operations and presenting it as a percentile.

In other words, whenever a strategy provider withdraws or deposits, the return calculation is not influenced at all to prevent artificial results. For more details, here's an example of a return calculation:

  1. In February, the strategy's equity increased from USD 500 (E1) to USD600 (E2). So, February's return is calculated: (USD600 - USD500) / USD500 = 0.2 or 20%

  2. Then the strategy provider made a USD 400 deposit, and the strategy's equity is adjusted: USD600 + USD400 = USD1,000. So the return calculation in March will start not from USD600 (E2) but from USD1,000 (E3).

  3. In March, the strategy's equity increased from USD1,000 (E3) to USD1,500 (E4). We can now calculate March's return: (USD1,500 - USD1,000) / USD1,000 = 0.5 or 50%

  4. Now we can calculate the overall Return:
    K1= February Return + 100%, so K1 = 20% + 100% = 120%
    K2 = March Return +100%, so K2 = 50% + 100% = 150%
    Rolling Return = (K1 K2) - 100%, or (120% 150%) - 100% = 180% - 100% = 80% So Rolling Return is 80%

Return calculations are specifically performed based on the balance operations, which include deposits, withdrawals, and internal transfers. There is no restriction on the number of balance operations that can be considered. Note that the mention of February and March as time periods is solely for illustrative purposes and not a fixed requirement.

Other than Risk Score and Return, there are other aspects to consider:

  • Commission
    This shows the amount of commission needed to be paid to the strategy provider.

  • Leverage
    This shows the ratio of the strategy provider's own money to the borrowed funds, which are invested in the strategy. High leverage means higher exposure to the markets due to the increase in contract size. However, this does not impact the risk score.

  • Investors
    This shows the number of investors that are currently copying the strategy.

  • Equity
    The currency of the strategy and the total value of the account if all of the positions are closed.

  • Description
    This area shows the thought process behind a strategy. At the very bottom, you can also see when the strategy was first created.

  • About Trader
    Contains the basic information of the strategy provider, including their name, how long they've been trading with Exness, and their country of origin. If you want to read further, click "More Details".

  • Trading Period
    This is a set amount of time between commission payments and ends on the last Friday of every month.

All of the details above are important to decide whether a strategy is worth copying or not. Remember that aside from the strategy itself, you also need to ensure that the strategy provider is reliable. This is why it's also important to check out the provider's profile.

 

How Much Should You Invest?

Investors can generate profits through social trading, but it can be challenging for those with limited capital. This is because investors are required to pay a commission to the strategy provider if the chosen strategy proves successful.

Typically, reputable strategy providers charge commissions ranging from 20% to 40%. If your goal is to make quick profits, you will need to risk a significant amount of money.

The minimum investment required by Exness is USD10. But to pay commission and trade with more flexible conditions, the recommended budget could be around USD100-USD200 at the very least.

In addition, some strategy providers on Exness offer advice on minimum investments to ensure the potential profits outweigh the costs. For instance, Jemmy Alwiyandu, the MAS Scalping strategy provider, suggests a minimum investment of USD500 for his investors.

 

When to Stop Following a Strategy?

After opening an investment with your chosen strategy, it is important to monitor its performance on a regular basis. By monitoring your investment performance, you can help to ensure that your investment is on track to achieve your goals.

Knowing when to stop following a strategy in Exness social trading is a crucial decision that should be based on several key factors. While there is no definitive rule, here are some indicators that may signal it's time to stop following a particular strategy:

  • Consistent Loss
    If the strategy consistently results in losses over a significant period, it may be a sign that the strategy is not effective or that market conditions have changed. Continuous losses can be identified through the orders tab in the history section.

  • Check the Drawdown
    Another important metric to look at is the drawdown. A drawdown is the maximum amount of money that a strategy has lost in a single period. A high drawdown is a sign that the strategy is risky and could lose a lot of money in a short period of time. To check whether your strategy provider has frequent drawdowns or not, you can look at the provider's statistics section.

  • Lack of Transparency
    Transparent and reliable information about the strategy is vital. If you notice a lack of clarity or transparency from the strategy provider, it may be a red flag. Incomplete or ambiguous information about the strategy's approach, risk management, or historical performance can erode trust and warrant discontinuation.

  • Significant Changes in Strategy
    It is normal to change strategies in trading to adapt to changing market circumstances. However, if the strategy provider makes significant alterations to the approach without clear explanations or justifications, it could signal a lack of stability or a departure from the strategy's original principles. Evaluate whether these changes align with your investment objectives and if they warrant continued following.

  • Divergence from Personal Goals or Risk Tolerance
    Each investor has unique goals and risk tolerance levels. If the strategy does not align with your personal objectives or exceeds your comfort level regarding risk, it might be time to consider discontinuing it. Your financial well-being should always take precedence.

 

How to Stop Copying Strategy?

To stop copying a strategy, investors can do it on the strategy page that they want to stop. You can follow the steps below:

  1. Log in to your Exness Social Trading app.
  2. Find and select the strategy that you want to stop.
  3. Once opened, you will see an option to Stop Copying at the top of the main area.
  4. Confirm the action and you will no longer be copying this strategy.

It is important to note that If you are choosing to stop copying when the market is closed (for example, during the weekend), there can be two possible outcomes:

  • If there are more than 3 hours until the market reopens, the investment will be stopped at the last market price.
  • If there are less than 3 hours until the market reopens, the investment will not be stopped and there will be an error notification. You can stop copying after the market reopens.

 

Summary

Exness Social Trading is a service that allows investors to copy trades from expert traders, known as strategy providers. This can be a great way for investors to learn from experienced traders and potentially make money without having to do intense research or analysis.

To get started with Exness Social Trading, investors need to create an account and deposit funds. Once they have funded their account, they can browse through the list of strategy providers and select the strategy they wish to copy.

Exness offers a range of effective tools and features in its social trading app, allowing investors to select strategies, monitor performance, and assess profitability. These features empower investors to make informed decisions and closely track their investments within the Exness social trading app.

 

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.