Exness India Review
Exness India is a regulated broker offering a wide range of trading instruments, including Forex, CFDs, and commodities. The broker is known for its competitive spreads, fast execution, and reliable customer service. In this Exness India review, we will take a closer look at the features and services offered by Exness India, as well as the advantages and disadvantages of trading with this broker. We will also discuss the safety of funds, the trading platforms available, and the customer support offered.
Exness is a forex broker that was founded in 2008. It provides online trading services to clients worldwide, facilitating trades in various financial instruments, including forex, cryptocurrencies, metals, and commodities. Exness operates under the regulation of several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK. The broker offers its clients a range of trading platforms, including the popular MetaTrader 4 and 5, as well as mobile trading apps. Additionally, Exness provides its clients with various educational resources, including webinars and tutorials, as well as dedicated customer support.
How to Get Started with Exness India
Getting started with Exness Forex in India is easy and straightforward. Here are the steps to get started:
- Create an Account: The first step is to create an account with Exness India. You can do this by visiting the Exness India website and clicking on the “Sign Up” button. You will then be asked to provide some basic information, such as your name, email address, and phone number.
- Verify Your Account: Once you have created your account, you will need to verify it. This is done by providing a valid government-issued ID and proof of address.
- Fund Your Account: Once your account is verified, you will need to fund it. You can do this by transferring funds from your bank account or by using a credit/debit card.
- Start Trading: Once your account is funded, you can start trading. You can access the trading platform by logging into your account and selecting the “Trade” tab.
These are the basic steps to get started with Exness Forex Broker India. Once you have completed these steps, you can start trading and take advantage of the many features and benefits that Exness India has to offer.
Exness Account Types
Exness platform offers various types of trading accounts to cater to the diverse needs of traders. If you are in India and considering trading with Exness, here are the various account types available:
- Standard Account: The standard account is suitable for all types of traders, including beginners. It offers competitive spreads starting from 0.3 pips and a maximum leverage of 1:2000. There is no commission charged on trades with this account. The minimum deposit required to open a standard account is just $1.
- Standard Cent Account: This account type is perfect for beginners who want to trade but with less risk. The trading conditions are similar to the standard account, but the trading volume is 100 times less. This means you can trade with smaller amounts – the minimum deposit is just 1 cent.
- Raw Spread Account: The Raw Spread account is designed for experienced traders who prefer trading with raw spreads from 0 pips. This account charges a commission per lot but offers more precise quoting and faster order execution. The minimum deposit to open a Raw Spread account is $200.
- Zero Account: The Zero account offers zero spread on all major currency pairs, making it ideal for scalping and high-frequency trading. Traders have to pay a commission per lot, but get the benefit of no spread. The minimum deposit for a Zero account is $200.
- Pro Account: The Pro account is designed for professional traders. It offers better trading conditions with lower spreads and commissions. Traders also get priority in order execution and dedicated customer support. The minimum deposit to open a Pro account is $200.
In conclusion, Exness provides a variety of account types to cater to different trading styles and experience levels. Indian traders can choose the most suitable account based on their trading strategy, risk tolerance, and investment capital.
Exness Demo Account
Exness Demo Account is a virtual trading platform offered by Exness, a leading forex broker, to its Indian clients. This demo account provides users with a risk-free environment to practice and understand various aspects of forex trading. It gives traders an opportunity to explore the features and tools of the Exness trading platform, learn about market trends, and develop effective trading strategies without investing real money. With an Exness India Demo Account, beginners can gain trading experience and professionals can refine their skills, thus making it a valuable tool for all types of traders.
Trading Assets
Exness India offers a wide range of trading assets for its clients. These include Forex, CFDs, commodities, indices, and stocks.
- Forex is the largest and most liquid market in the world, with over $5 trillion traded daily. Exness India offers a wide range of currency pairs, including major, minor, and exotic pairs. Clients can trade with leverage up to 1:2000, and enjoy tight spreads and fast execution.
- CFDs are contracts for difference, which allow traders to speculate on the price movements of a wide range of assets without actually owning them. Exness India offers CFDs on indices, commodities, stocks, and cryptocurrencies.
- Commodities are physical goods such as oil, gold, and silver. Exness India offers a wide range of commodities for trading, including energy, metals, and agricultural products.
- Indices are baskets of stocks that represent the performance of a particular market or sector. Exness India offers a wide range of indices, including the S&P 500, NASDAQ, and FTSE 100.
- Stocks are shares of publicly traded companies. Exness India offers a wide range of stocks from major exchanges around the world, including the NYSE, NASDAQ, and London Stock Exchange.
Exness India provides its clients with a wide range of trading assets to choose from. With tight spreads, fast execution, and leverage up to 1:2000, Exness India is an ideal choice for traders looking to diversify their portfolios.
Trading Platforms & Mobile Apps
Exness India offers a range of trading platforms and mobile apps to meet the needs of traders in India. The platforms are designed to provide traders with a secure, reliable, and user-friendly trading environment.
- The Exness MetaTrader 4 (Exness MT4) platform is the most popular platform among traders in India. It is a powerful and versatile platform that offers a range of features, including advanced charting tools, automated trading, and a wide range of indicators. The platform is available for both desktop and mobile devices, allowing traders to access the markets from anywhere.
- The Exness MetaTrader 5 (Exness MT5) platform is the latest version of the MT4 platform. It offers a range of features, including advanced charting tools, automated trading, and a wide range of indicators. The platform is available for both desktop and mobile devices, allowing traders to access the markets from anywhere.
- The Exness WebTrader platform is a web-based platform that allows traders to access markets from any web browser. It offers a range of features, including advanced charting tools, automated trading, and a wide range of indicators. The platform is available for both desktop and mobile devices, allowing traders to access the markets from anywhere.
- The Exness mobile apps are available for both Android and iOS devices. The apps offer a range of features, including advanced charting tools, automated trading, and a wide range of indicators. The apps are designed to provide traders with a secure, reliable, and user-friendly trading environment.
Trading Tools
Exness offers a comprehensive collection of tools designed to help traders navigate the complex world of trading. They are designed to assist with decision-making, planning, and executing successful trades.
- Analytical Tools: These tools help traders analyze market trends and make informed decisions. They include charts, graphs, and other data visualization tools that can help traders spot patterns and predict future movements.
- Economic Calendar: Provides traders with information about important economic events that could impact the market. It includes details about upcoming announcements, data releases, and other events that can cause volatility.
- Trading Calculator: Allows traders to calculate potential profits or losses based on various factors such as entry and exit points, leverage, and lot size. It can help traders manage their risk and make more informed decisions.
- Currency Converter: This tool allows traders to quickly and easily convert one currency into another. This is useful for traders who deal with multiple currencies and need to keep track of exchange rates.
- Tick History: Provides traders with a detailed history of price movements for a particular asset. It can help traders analyze past performance and predict future trends.
- VPS Hosting: Virtual Private Server (VPS) hosting is a service offered by Exness that provides traders with a stable and secure environment for running their trading platforms and automated trading systems.
- Trading Central WebTV: This is a video streaming service that provides traders with real-time market news, analysis, and commentary. It can help traders stay up-to-date with the latest market developments and make more informed decisions.
Commission & Fees
Exness India is a leading online trading platform that offers a wide range of trading instruments and services to its clients. The company is regulated by the Securities and Exchange Board of India (SEBI) and is a member of the National Stock Exchange (NSE).
Exness India offers competitive commissions and fees for its clients. The commission and fees vary depending on the type of trading instrument and the account type. For example, the commission for trading in Forex is 0.03% of the total trade value, while the commission for trading in CFDs is 0.05%.
The fees for deposits and withdrawals are also competitive. For deposits, the fees are 0.5% of the total deposit amount, while for withdrawals, the fees are 0.2% of the total withdrawal amount.
Exness India also offers a range of other services such as margin trading, leverage, and hedging. The margin trading facility allows traders to borrow funds from the broker to increase their trading capital. The leverage facility allows traders to increase their exposure to the markets by trading with more capital than they have in their account. The hedging facility allows traders to protect their positions from market volatility.
Overall, Exness India offers competitive commission and fees for its clients. The company also provides a range of other services such as margin trading, leverage, and hedging, which can be beneficial for traders.
Exness Payment Methods Available in India
Exness Deposit Options
- Bank Transfer: This is one of the most common methods of deposit used by traders. You can transfer funds directly from your bank account to your Exness account. It may take a few business days for the transfer to be completed, depending on your bank’s policies.
- Credit/Debit Cards: Deposits from all major credit and debit cards such as Visa, MasterCard, and Maestro. Transactions are processed instantly and funds are immediately available for trading.
- E-Wallets: Exness also accepts deposits via numerous e-wallets like Skrill, Neteller, WebMoney, Perfect Money, etc. These platforms allow instant transactions, making them a popular choice among traders.
- Cryptocurrencies: The platform also supports deposits in cryptocurrencies like Bitcoin, Litecoin, and Tether. It’s a good option for those who prefer to trade using digital currencies.
- Local payment methods: In addition to the above options, Exness has integrated local payment solutions to cater to its Indian customers. These include popular local payment gateways and systems to facilitate easy deposits.
Before choosing a deposit method, it is important for traders to check the transaction fees and processing time associated with each option. It’s also crucial to ensure that the chosen method is supported for withdrawals as well. The Exness minimum deposit amount depends on the account type.
Please note that the availability of deposit options may vary based on the trader’s country of residence and Exness’s policy.
Exness Withdrawal Options
- Bank Transfer: This is one of the most straightforward methods of withdrawing your funds from Exness. You can easily transfer your earnings directly to your bank account. However, the minimum withdrawal amount for bank transfers is usually higher compared to other methods.
- Credit/Debit Cards: Exness also allows withdrawals directly to your credit or debit card. This option is convenient as most people already use these cards regularly. The minimum withdrawal amount for this option is usually lower compared to bank transfers.
- E-Wallets: E-wallets are another popular withdrawal option on Exness. This includes platforms like Skrill, Neteller, and WebMoney. They are known for their speed and relatively low minimum withdrawal amounts.
- Local Banks: Exness has partnered with several local banks in India to enable quick and easy withdrawals. This option is ideal if you prefer dealing with your local bank.
- Cryptocurrencies: For those who deal in digital currencies, Exness also provides an option to withdraw your funds in cryptocurrencies. This is a great option for those who value the privacy and security offered by blockchain technology.
Remember, each withdrawal method comes with its own transaction fees and processing times. The Exness minimum withdrawal amount will also vary on the method used. Therefore, it’s crucial to choose the method that best suits your needs and preferences.
Education & Customer Support
With a user-friendly online platform and a wide range of educational materials, Exness aims to bridge the knowledge gap in forex trading. Their educational resources include video tutorials, webinars, articles, and interactive courses designed to cater to traders of all levels, from beginners to advanced.
Moreover, Exness understands the importance of customer support in building long-lasting relationships. Their dedicated support team ensures that traders receive prompt assistance and guidance whenever they need it. Whether it’s a technical issue or a general query, Exness’s customer support team is available 24/7 to address concerns effectively.
By prioritizing education and customer support, Exness is not only empowering Indian traders with knowledge but also fostering a culture of trust and reliability. As a result, Exness is fast becoming the go-to platform for Indian traders seeking a seamless trading experience with top-notch support.
Pros and Cons of Exness India
Exness India is a forex and CFD broker that offers a wide range of trading services to its clients. The company is regulated by the Securities and Exchange Board of India (SEBI) and is a member of the National Stock Exchange of India (NSE). Exness India has been in operation since 2020 and has quickly become one of the most popular brokers in the country.
Pros
One of the main advantages of Exness India is its wide range of trading services. The broker offers a variety of trading instruments, including forex, CFDs, indices, commodities, and cryptocurrencies. This allows traders to diversify their portfolios and take advantage of different market conditions.
Exness India also offers competitive spreads and low commissions. This makes it an attractive option for traders who are looking to maximize their profits. The broker also offers a variety of trading platforms, including the popular MetaTrader 4 and 5. This allows traders to access the markets from any device, including mobile devices.
The broker also provides a range of educational resources, such as webinars, tutorials, and e-books. This allows traders to learn more about the markets and develop their trading strategies.
Cons
One of the drawbacks of Exness India is that it does not offer a wide range of deposit and withdrawal options. The broker only accepts bank transfers and credit/debit cards. This can be inconvenient for traders who prefer to use other payment methods.
In addition, the broker does not offer a demo account. This means that traders cannot practice their strategies before investing real money. This can be a disadvantage for new traders who are still learning the ropes.
Finally, Exness India does not offer a wide range of customer support options. The broker only provides email and phone support. This can be inconvenient for traders who need immediate assistance.
Is Exness a Legitimate Forex Broker in India?
Exness is a legal Forex broker in India. It is regulated by the Securities and Exchange Board of India (SEBI) and is a member of the National Stock Exchange of India (NSE). Exness is a global broker with offices in more than 10 countries, including India.
Exness Review India – Conclusion
In conclusion, Exness India is a reliable and trustworthy broker that offers a wide range of trading services and products. The broker is regulated by the Securities and Exchange Board of India (SEBI) and provides a secure trading environment. The broker also offers competitive spreads, low commissions, and fast execution speeds. Additionally, the broker provides a wide range of educational resources and customer support services. All in all, Exness India is a great choice for traders looking for a reliable and trustworthy broker.
Check out our reviews of other legitimate forex brokers in India.
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