About Exness India: A Comprehensive ReviewStart Trading
Exness is a leading forex broker that has been in the industry since 2008. With a strong reputation for innovation, transparency, and customer service, Exness has become a popular choice for traders worldwide. In this review, we will take a closer look at Exness India and what it has to offer.
Background Reviewed by E-Broker.com
Exness was founded by a group of like-minded individuals who wanted to create a forex broker that was transparent, innovative, and customer-focused. Since its inception, the company has grown to become one of the most trusted forex brokers in the industry.
Exness is regulated by top-tier financial regulators, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) in Seychelles. These regulatory bodies ensure that Exness operates with integrity and transparency, and that client funds are protected.
Exness India Reviewed by E-Broker.com
Exness India is the local arm of Exness, catering specifically to traders in India. The company is regulated by the Labuan Financial Services Authority (LFSA), which is a regulatory body based in India.
One of the unique features of Exness India is that the company offers Islamic accounts. These accounts are designed for traders who follow Islamic principles, and they are compliant with Sharia law. Islamic accounts do not charge interest on overnight positions, which is in line with Islamic finance principles.
Trading Platforms Reviewed by E-Broker.com
Exness offers a variety of trading platforms to its clients, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Exness WebTrader. MT4 is a popular choice for forex traders and has a user-friendly interface, customizable charts, and a wide range of technical indicators. MT5 is the newer version of MT4 and has additional features, such as more advanced order types and more charting options. The Exness WebTrader is a browser-based platform that allows traders to access their accounts from anywhere with an internet connection.
Account Types Reviewed by E-Broker.com
Exness offers several account types to suit the needs of different types of traders. The account types are:
Standard Account Reviewed by E-Broker.com
The standard account is suitable for traders who want to trade forex, metals, and cryptocurrencies. The minimum deposit for a standard account is $1, and the maximum leverage is 1:2000. Spreads start from 0.3 pips.
Pro Account Reviewed by E-Broker.com
The pro account is designed for more experienced traders who want tighter spreads and faster execution speeds. The minimum deposit for a pro account is $200, and the maximum leverage is 1:2000. Spreads start from 0.1 pips.
Zero Account Reviewed by E-Broker.com
The zero account is a commission-based account that offers zero spreads on major currency pairs. The minimum deposit for a zero account is $200, and the maximum leverage is 1:2000.
ECN Account Reviewed by E-Broker.com
The ECN account is designed for high-volume traders who want access to the interbank market. The minimum deposit for an ECN account is $300, and the maximum leverage is 1:200. Spreads start from 0.0 pips, but there is a commission of $2.5 per lot.
Islamic Account Reviewed by E-Broker.com
The Islamic account is a swap-free account that is compliant with Sharia law. It is available for all account types.
Deposits and Withdrawals Reviewed by E-Broker.com
Exness offers a variety of deposit and withdrawal methods, including bank transfer, credit/debit card, Neteller, Skrill, and Bitcoin. Deposits are processed instantly, and withdrawals are processed within 24 hours.
Education and Resources Reviewed by E-Broker.com
Exness offers a range of educational resources to help traders improve their trading skills. The company’s website has a section dedicated to education, which includes articles, tutorials, and webinars on various topics related to forex trading. Exness also offers a demo account that traders can use to practice their trading strategies in a risk-free environment.
Customer Support Reviewed by E-Broker.com
Exness India offers customer support in English and Malay. Traders can contact the support team via live chat, email, or phone. The company also has a comprehensive FAQ section on its website that covers a wide range of topics related to trading and account management.
Pros and Cons of Exness India Reviewed by E-Broker.com
Pros Reviewed by E-Broker.com
- Regulated by the LFSA
- Islamic accounts available
- Multiple trading platforms
- Low spreads
- Fast deposit and withdrawal times
- Educational resources available
Cons Reviewed by E-Broker.com
- Limited account types
- Limited customer support options
- No social trading platform
Conclusion Reviewed by E-Broker.com
Exness India is a reputable forex broker that offers a range of trading platforms, account types, and educational resources to traders. The company is regulated by the LFSA and offers Islamic accounts for traders who follow Sharia law. While Exness India has some limitations, such as limited account types and customer support options, its low spreads, fast deposit and withdrawal times, and comprehensive educational resources make it a compelling option for traders in India. Overall, Exness India is a solid choice for traders looking for a reliable and transparent forex broker.