Exness provides its traders with unique opportunities that are not found in other top brokers. This article will go through one such opportunity called the cost saving feature.
Exness is one of the most favored trading platforms worldwide. This is mainly because it provides its traders with unique opportunities not found in other top brokers. This article will go through one such opportunity called the cost-saving feature in Exness broker.
Getting to Know Exness
Since 2008, Exness Trading Corporation has been participating in the foreign exchange market. The broker is licensed to conduct business in over 130 countries and completely complies with the laws of every nation in which it works.
The broker is also a member of the Financial Commission, which enables them to offer insurance coverage of up to 20,000 EUR for each customer in the case of a force majeure occurrence.
The broker makes CFDs accessible for bitcoin, equities, more than 120 currency pairings, energy, and metals. The service offered by Exness provides traders with ideal working circumstances, such as cheap commission rates, immediate execution of orders, and rapid cash withdrawal.
What is Exness Cost Saving Feature
Exness offers clients a unique opportunity to save on different fees when trading on the platform. While most top brokers don't miss any opportunity to charge their clients full fees, Exness ensures they are either waived or discounted. The cost-saving feature is a separate section on the Exness platform that traders can access to determine how much they have saved while trading on Exness. Traders can log into their area and open the monitoring tab to the cost-saving feature.
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.
Types of Cost-Saving Statistics
Exness broker clients can enjoy having three different fees or charges waived or discounted while trading on the platform. They are as follows:
When you try to make a deposit or withdrawal, most brokers will charge you a hefty transaction fee. Exness covers all transaction fees for deposits and withdrawals for most payment systems except cryptocurrency and e-wallets like Perfect Money and Skrill. You can find out how much you saved on transaction fees through the Exness cost-saving feature.
Brokers will charge you overnight swap fees for open positions unless you use an Islamic or swap-free account. This can significantly reduce the profits you would make in that position over time. However, Exness provides its traders the unique opportunity to enjoy swap-free positions for most trading instruments on the Exness platform.
Negative Balance Protection
When your positions are collectively causing your account to lose all your capital, Exness has a safety feature in a place called Negative Balance Protection. This ensures that you never face a loss greater than the capital in your account. The benefit of this feature is that it prevents you from going into debt with the trading platform.
Exness goes above and beyond to ensure that its clients are more than satisfied during their time on the platform. This is why Exness broker created the cost-saving feature to allow clients to make the most of their income on the Exness trading platform.
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.