Exness Review

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Exness Account Types

Standard Accounts

• A Standard account on Exness offers an appealingly low spread, starting from 0.2 pips. The spread, which is the difference between the bid and ask price of an asset, is a significant cost factor in trading. Therefore, a reduced spread equates to lower trading costs, making the Standard account a desirable option for traders. The minimum deposit to open such an account fluctuates based on the trader’s chosen payment system. Exness offers a broad selection of payment methods, accommodating the needs of different traders. Notably, Exness does not impose a commission on trades conducted through the Standard account, allowing traders to retain their entire profit. The Standard account also offers 1:Unlimited leverage, enabling traders to manage larger positions with less capital. While leverage can amplify potential profits, it can also escalate potential losses, necessitating careful use.
• The Standard Cent account is an appealing choice for traders, primarily due to its non-commission feature. The spreads for this account type commence from 0.3 pips, which, although slightly higher than the Standard account, remains competitively low in comparison to many other brokers. A noteworthy advantage of the Standard Cent account is its 1:Unlimited leverage, which empowers traders to manage larger positions with minimum capital. The minimum deposit for such an account varies based on the payment system, thus offering traders the flexibility to select a payment method that aligns with their financial requirements. Beyond forex, the Standard Cent account also permits trading in metals, providing traders with a chance to diversify their investment portfolio and potentially enhance their profitability.

Professional Accounts

• Pro Account – This type of account requires a minimum deposit of $200. It offers a spread starting from 0.1 pips and does not charge any commission. The leverage provided in this account is unlimited, meaning that traders can trade with as much leverage as they feel comfortable with, without any restrictions from the broker. This could potentially lead to higher profits, but also higher risks.
• Zero Account – This account type also requires a minimum deposit of $200. However, it has a more favorable spread that starts from 0 pips, which could lead to potentially lower trading costs. On the other hand, it charges a commission of $0.05 on each side per lot, which means that for every lot traded, the trader would have to pay a commission of $0.05 on both the buy and sell sides. The leverage in this account is also unlimited.
• Raw Spread – Just like the other two account types, this account requires a minimum deposit of $200. It offers a spread that starts from 0 pips but charges a commission of up to $3.50 for each side per lot. This commission is higher than that of the Zero Account, but it could potentially be offset by the lower spread. The leverage in this account is also unlimited, allowing traders to trade with as much leverage as they feel comfortable with.

Social Trading Accounts

• The Social Standard account requires a minimum deposit of $500 to start trading. This account type offers a spread from 1 pip, which refers to the difference between the bid price and the asking price of a currency pair. This type of account does not require any commission fees, meaning traders keep all their profits. Moreover, it offers a leverage ratio of 1:200, implying that for every dollar in the account, traders can trade $200. This type of account allows trading in different markets, including forex, metals, and cryptocurrencies.
• On the other hand, the Social Pro account requires a higher minimum deposit of $2000. However, it offers a lower spread from 0.6 pips, which means potentially higher profits for traders. Like the Social Standard account, the Social Pro also does not charge any commission fees. The leverage ratio is the same as the Social Standard at 1:200, allowing traders to trade $200 for every dollar in their account. The Social Pro account also offers trading in various markets, including forex, metals, and cryptocurrencies.

Exness Demo Account

The Exness Demo Account offers an ideal environment for risk-free practice, skill development, platform orientation, and strategy testing. It is designed to provide novice traders an opportunity to familiarize themselves with the world of forex trading without the fear of making losses. This platform is a powerful tool for honing trading skills and strategies, as it simulates real-time market scenarios. Users can experiment with different trading strategies, learn how to use various analytical tools and understand the platform’s features and functionalities, all without risking any real money. Therefore, the Exness Demo Account serves as an invaluable learning platform for both beginner and seasoned traders to refine their trading skills and strategies.

Financial Assets Available at Exness Philippines

Exness is a financial services company that offers a range of financial instruments for trading in the Philippines. These instruments include:

• Forex CFD: This refers to Contracts for Difference on foreign exchange pairs. In this type of trading, you speculate on the rise or fall of currency pair prices without actually owning the currencies.
• Commodities CFD: This is a contract for differences based on the price of commodities like gold, oil, or agricultural products. Traders can speculate on the price movements of these commodities without needing to own them physically.
• Stocks CFD: This instrument allows traders to speculate on the price movements of individual company stocks. Again, the trader does not have to own the actual stocks; they trade on the price changes.
• Indices CFD: This is a type of Contract for Difference based on stock indices like the NASDAQ or the FTSE 100. Traders can speculate on the overall movements of these indices, rather than having to trade individual stocks.
• Crypto CFD: This is a financial instrument that allows traders to speculate on the price movements of cryptocurrencies such as Bitcoin or Ethereum. Just like other CFDs, you don’t need to own the actual cryptocurrencies to trade.

These financial instruments offer traders in the Philippines the opportunity to participate in global financial markets through the Exness platform. Please note that CFD trading involves high risk and may not be suitable for all investors.

Exness Deposit Options in the Philippines

Exness broker provides several deposit options for its customers in the Philippines.

• Bank Cards: Exness allows deposits from both debit and credit cards, including Visa and Mastercard. This is one of the most convenient ways to fund your account.
• Electronic Payment Systems: You can also deposit money into your Exness account through various electronic payment systems, such as Neteller, Skrill, and Perfect Money.
• Cryptocurrency: Exness also accepts deposits in the form of Bitcoin, which is a unique feature not offered by all financial services companies.
• Bank Transfer: Customers in the Philippines can deposit money into their Exness accounts through a bank transfer.
• Local payment methods: Exness also supports local payment methods in the Philippines. You may need to check with the company or on their website for specific methods available.
• Internal Transfer: If you have multiple accounts or want to transfer funds to another Exness account, you can use the internal transfer option.

The Exness minimum deposit amount varies per account type. All these options are designed with customer convenience in mind, allowing Exness clients in the Philippines to fund their accounts easily and efficiently. However, it’s important to note that each deposit method may come with its own set of fees, processing times, and limits, which are clearly outlined on the Exness website.

Exness Withdrawal Options in the Philippines

Exness broker offers several withdrawal options to its clients in the Philippines. These options are designed to make the process of withdrawing funds from your trading account as easy and convenient as possible.

• Bank Transfer: This is one of the most popular withdrawal options. Traders can directly transfer funds from their Exness account to their local bank account.
• Electronic Payment Systems: Exness also supports withdrawals through several electronic payment systems such as Neteller, Skrill, and Perfect Money. These platforms are known for their speed and minimal transaction fees.
• Credit/Debit Card: Another option is to withdraw funds directly to your credit or debit card. However, please note that this option may not be available with all types of cards.
• Cryptocurrency: For crypto enthusiasts, Exness also supports withdrawals in Bitcoin. This option can be particularly useful for traders who wish to keep their earnings in a digital currency.

As for the Exness minimum withdrawal amount, it depends on the method you choose for the transaction. For bank transfers, the minimum withdrawal amount is usually higher compared to other methods due to the associated transaction costs. On the other hand, withdrawals through electronic payment systems and cryptocurrencies usually have a lower minimum threshold.

Different Trading Platforms of Exness Philippines

Desktop Platforms

• Exness MT5 (MetaTrader 5): MetaTrader 5, also known as MT5, is a highly advanced multi-asset platform that offers superior tools for comprehensive price analysis, use of algorithmic trading applications, and copy trading. It also supports trading in forex, stocks, futures, and CFDs. MT5 is equipped with a range of features such as over 80 technical analysis tools, an advanced Market Depth feature, a separate accounting of orders and trades, and more. MT5 also offers a built-in Economic Calendar, transfer of funds between accounts, and a detailed history of trading operations.
• Exness MT4 (MetaTrader 4): MetaTrader 4 is one of the most popular trading platforms in the forex industry. It’s highly user-friendly, customizable, and equipped with advanced charting capabilities, technical analysis tools, and automated trading systems. With MT4, traders can analyze financial markets, perform advanced trading operations, run trading robots (Expert Advisors), and copy deals of other traders. The platform supports three types of order execution, including Instant Execution, as well as 2 markets, 4 pending, 2 stop orders, and a trailing stop function. MT4 also provides a comprehensive news feed and a set of technical indicators.

Exness Mobile App Platforms

• The Exness Trade App is a mobile application designed for trading on the go. It provides access to a variety of trading instruments across different markets, including Forex, commodities, indices, and cryptocurrencies, among others. The app offers real-time market data, advanced charts, and a range of trading tools to help users make informed trading decisions.
• MetaTrader 4 Mobile: MT4 is one of the most popular trading platforms in the world. The mobile version of MT4 allows users to trade Forex anytime and anywhere. It offers a full set of orders, trading history, interactive charts, technical analysis, and the necessary set of indicators.
• MetaTrader 5 Mobile: MT5 is an upgraded version of MT4 with more features and tools. MT5 mobile application enables trading on financial markets (Forex, Stock Market, Futures & CFD) via smartphones and tablets. It offers full control over your trading account, access to market quotes, and all order types, including pending and stop orders.

Both MT4 and MT5 mobile applications are available on iOS and Android devices, allowing traders to access their accounts and trade even when they are away from their computers. Users can download these applications from the Apple App Store or Google Play Store.

Web Platforms

• Exness Terminal is a software provided by Exness for its clients to execute trades. It is a downloadable platform that offers a range of advanced features for experienced traders. This includes access to real-time market data, detailed trading history, a customizable interface, and more. It is designed to provide a seamless trading experience, with quick execution of trades and minimal slippage.
  
• MetaTrader WebTerminal is a web version of the popular MetaTrader platform. It is accessible from any web browser and does not require any downloads or installations. It is equipped with all the necessary tools for trading in the forex market, including real-time quotes, various order types, and a wide array of indicators and graphical objects. It also enables one-click trading and has a multilingual interface. It is ideal for traders who want to trade from different devices or locations.

Exness Trading TOols

• Analytical tools: These tools help traders analyze the financial market. They provide in-depth insights into market trends, price patterns, and potential investment opportunities. These tools include indicators, charts, and graphs that allow traders to study and predict market behavior.
• Economic calendar: The economic calendar is a useful tool for traders to keep track of significant financial events and announcements. These include interest rate decisions, GDP reports, employment figures, and other economic indicators that could potentially impact the financial markets.
• Trading calculator: This tool allows traders to calculate various trading parameters such as margin requirements, pip value, swap, etc. This can help traders manage their risk and plan their trades more effectively.
• Currency converter: The currency converter tool converts one currency into another at current or historical exchange rates. This is useful for traders who trade in different currency pairs.
• Tick history: Tick history provides detailed information about a particular instrument’s price movement at a given time. This can be useful for traders who want to analyze past market behavior.
• VPS hosting: Virtual Private Server (VPS) hosting is a service offered by Exness that allows traders to run automated algorithmic strategies 24/7 on a virtual machine. This can help to reduce downtime and ensure that trades are executed at the right time.
• Trading Central WebTV: This web-based TV channel provides real-time market analysis, economic news updates, and trading ideas. It can be a useful source of information for traders who want to stay informed about the latest market trends and developments.

Exness Philippines Review – COnclusion

In conclusion, Exness broker has established a strong presence in the Philippines, offering its clients a reliable and efficient platform for forex trading. Its competitive spreads, advanced trading tools, and exceptional customer service make it a preferred choice for many traders in the country. Furthermore, its commitment to transparency, security, and education has helped it gain the trust of both beginner and experienced traders. Despite any challenges, Exness continues to innovate and improve its services to cater to the evolving needs of its clients in the Philippines.