Nigeria Forex broker: Exness Review

The Exness group was established in St. Petersburg, Russia in the year 2008. Since then, Exness has taken the lead when it comes to providing client with excellent trading services in various financial markets. The Exness has come a long way since its establishment in the 2008 and today it has become a leading Forex as well as ECN broker. Some of the unique and outstanding qualities of this Forex broker are Transparency, honesty and openness. It will interest you to know that Exness is regulated by CySec in Cyprus, it is also regulated by the Financial service provider register in New Zealand. The Exness has received awards from well known financial publication world finance media as the Best mini Broker, best order management as well as the best trade executions.

Features of Exness

There are lots of notable features of Exness. It gives clients unrestricted access to the inter-bank market via an ECN.  This is done through an aggregator that coordinates the actualization of client orders at an excellent price amidst lots of popular liquidity providers connected to the aggregator.

The transaction is done by the liquidity provider with the best price offer for the specific volume at that time. The company database has the information of the liquidity providers to which transaction was submitted. This information can be made available to clients upon request.

The Exness group provides clients with the opportunity to trade in CFDs on futures, which has oil as its underlying asset.

Account offered by Exness

Exness provides a tight floating spreads on the ECN account, the Mini account and Classic account. The Mini account does not requires minimum deposit but clients can only open 100 positions at a time. The spread in mini account is 0.3 while the spread in ECN as well as Classic account is 0.1. There are no limits to the amount that a client can hold. The ECN account requires an opening deposit of $2000 while the classic account requires an opening deposit of $300. ECN account enjoys unrestricted access to interbank liquidity. Traders should also be aware that trade execution is instant for all accounts offered by Exness

Deposits and withdrawals

Exness allows traders to deposit and withdraw funds using a wide variety of methods.  Some of the deposit and transfer methods supported are:

  • Wire transfer
  • Credit card
  • Neteller
  • Skrill
  • And many others

One of the unique advantages associated with Exness is the automatic fund & withdrawal through a variety of electronic payment systems. This gives traders total control over trading account funds.

With Exness, withdrawal is instantaneous meaning that the funds are returned as soon as a trader makes a request and the funds get to the trader through the deposit method employed earlier by the trader.

Customer support and Education

Exness offers excellent customers support to his clients. Their services include 24/7 support in English Russian and Chinese languages, 24/5 support in 8 languages.

Also, Exness updates its clients with financials news as well as announcement of events happening all over the world. Their clients have access to important economics news that has to do with Forex market.