Exness Review – Is it the best forex broker in Africa?

Based on my personal trading experience with Exness forex broker, this in-depth Exness review was created in 2022.Anyone considering opening an Exness genuine account but burdened with the following questions will benefit from reading this:

  • Exceptional broker is Exness
  • Exness is a scam.
  • Exness is authentic.
  • Broker Exness is a fraud.
  • Whether exness is regulated


As a trader, I am aware of how important it is to work with a trustworthy broker who offers great trading terms and convenient withdrawal options. Nothing is more painful than having a profitable trading session just to lose money due to shady withdrawal terms and conditions.

The important criteria to consider when choosing a forex broker serve as the benchmarks for this Exness forex broker review.

After reading this evaluation and understanding more about Exness, which I personally used for trading, you can judge whether or not it is the finest forex broker.

You can open a free account to follow along if you’d like by going to the Exness new account website but I myself I use Deriv Broker in Africa as my main broker.

Exness Review – Is it the best forex broker in Africa?

Let’s start now. 2022 evaluation of the best forex broker Exness
Re: Exness
Forex, commodities, cryptocurrencies, energies, indices, and stocks can all be traded on Exness, a financial firm established in 2008.

Exness had more over 70,000 active traders as of December 2019, and its monthly trading volume exceeded 325.8 billion USD.

Exness is located where?


Europe’s Cyprus is home to Exness’ corporate headquarters. The address is PORTOBELLO, Office 401, Siafi Street 1, Limassol, Cyprus, 3042.

Additionally, it maintains offices in the United Kingdom and the Seychelles under the name Nymstar Limited, with the latter’s registered office being at F20, first floor, Eden Plaza, Eden Island, Seychelles.

The Netherlands is where Exness’ trading servers are located.

Is Exness governed or regulated?


United Kingdom, Cyprus, and Seychelles are the three countries where Exness is legally governed and licensed.

Financial Conduct Authority (FCA) regulation of Exness UK is carried out under the Financial Services Register number 730729.

Exness is governed in the European country of Cyprus by the Cyprus Securities and Exchange Commission (CySEC), under license 178/12.

Exness through Nymstar Limited is governed in Seychelles by the Seychelles Financial Services Authority (FSA), with license number SD025 and clients in a few non-European Economic Area nations (EEA).

Types of Exness accounts


The many account kinds that a trader may choose from are the next topic of discussion in this Exness review.

The actual account and the demo or practice account are the two types of accounts offered by Exness.

We have the Exness MT4 and MT5 demo accounts under the Exness demo account.

To sign up for a free demo account, visit the Exness open account page.

Standard accounts and Professional accounts are the two kinds that make up a genuine account.

Muslim nations can access the Exness Islamic account, which is swap-free.

Standard accounting for Exness. The Exness Standard and Standard Cent accounts are shown here.

Types of Exness accounts
Types of Exness accounts

New traders can use micro-lots when using the normal cent account.

The ordinary accounts require a minimum deposit of $1.

accounts for Exness professionals.
These accounts are for Exness Raw Spread, Exness Zero, and Exness Pro (Equivalent to ECN accounts).

The professional accounts require a minimum deposit of $500.

These accounts, which have zero or extremely low spreads, are ideal for day traders, scalpers, and Algo traders.


Raw Spread
ZeroPro
 Low raw spreads and a low fixed commission.0 spreads for 95% of the trading day on 30 pairs.Instant execution. Excellent fill with no trading commission
Exness Minimum deposit500 USD500 USD500 USD
Leverage up to1:Unlimited*1:Unlimited*1:Unlimited*
Spread from0.00.00.1
Commission per lot/ sideUp to 3.5 USDFrom 3.5 USDNo trading commission
Exness accounts

Exness Account Leverage

LeverageApplies when Equity (Account balance) is;
1:UnlimitedLess than 1000 USD
1:2000Less than 3,000 USD
1:1888Less than 3,000 USD
1:1000Less than 10,000 USD
1:888Less than 10,000 USD
1:800Less than 10,000 USD
1:600Less than 20,000 USD
1:400Less than 50,000 USD
1:200Less than 200,000 USD
1:100Less or more than 200,000 USD
1:88Less or more than 200,000 USD
1:50Less or more than 200,000 USD
1:20Less or more than 200,000 USD
1:10Less or more than 200,000 USD
1:2Less or more than 200,000 USD
exness leverage

How to register as an Exness broker and create a legitimate account


Easy to register for Exness. Three main steps are involved.

Activate the account
Check the account (Documents you need to verify an Exness real account)
Trade and deposit.

Want a forex broker who won’t verify your identity? sign up with Deriv

Sign up with Exness and make a deposit of up to $2,000 without being verified. You can deposit up to $50,000 if you have with you to verify your identity.

You must confirm your residential address in order to receive full account access.

Exness techniques for deposits and withdrawals
Exness accepts a variety of local payment methods, including.

Internal Transfer, Mobile Money, M-Pesa, Perfect Money, WebMoney, NETELLER, Bitcoin, VISA, Mastercard, and Online Bank Transfer.

The Exness withdrawal terms and conditions are straightforward; you have complete freedom to return your money and profits to the funding source whenever you want.

Exness stands out among forex brokers thanks to its domestic funding options.

Exness offers deposits and withdrawals in local currencies using the widely used local payment methods in all the countries where it operates.

You can send money to or receive money from anyone who has an Exness account using the Exness to Exness transfer tool.

It also has instant or very instant withdrawals.

Additionally, there are no fees for Exness withdrawals.

Platforms Exness uses


There is an Exness app for you on every gadget. The various trading platforms and features that make trading with Exness enjoyable are now covered in our Exness review.
MT WebTrader, MT iPhone/iPad, MT Android, MT Mac, MetaTrader 4, MetaTrader 5, MT WebTrader

With the Exness program for Windows MT4, MT5, and the Webtrader, you can trade with Exness on a computer.

To run Windows applications on a Mac, install Wine or another Windows emulator, or use the Exness program for Mac – MT Mac.
Trading Instruments Exness
107 currency pairings, 40 equities and indices, 7 cryptocurrencies, and 12 metals and energies are all available to traders through Exness.

trader education for Exness


For both novice and experienced traders, Exness features a robust educational database.

It divides the three classes that make up its trader education into essentials, development, and breakthrough.

Exness also often hosts webinars that address various facets of trading in addition to the educational content on the website.

Additionally, Exness has a team of skilled traders and analysts who offer live trading commentary during significant fundamental events or the publication of important economic data that is anticipated to affect prices.

Market analysis and trade alerts from Exness


Through its own trading app, Exness offers continuous market research and trade signals.

Support for Exness


Exness offers service around-the-clock via a number of platforms.

  • The website’s Exness help section gives answers to the majority of your Exness questions.
  • Exness offers live chat in 15 different languages.
  • Email Exness customer service at support@Exness.com.
  • Exness Social Trading: What Is It?
  • Anyone using the Exness Replicate Trade software can copy professional traders thanks to the innovative service known as Exness social trading.

Check out our review of the Exness copy trading service in this copy trading guide if you’re interested in the practice.

Countries Accepted by Exness


Any of these citizens who are traders are accepted by Exness.

South Africa, Myanmar, Kenya, South Korea, Colombia, Uganda, Argentina, Algeria, Sudan, Ukraine, Afghanistan, Morocco, Saudi Arabia, Uzbekistan, Peru, Angola, Malaysia, Mozambique, Ghana, Nepal, Venezuela, Madagascar, Cameroon, Côte d’Ivoire, Niger, China, India, Indonesia, Pakistan, Brazil, Nigeria, Bangladesh, Russia, Mexico, Japan, Philippines, Egypt, Vietnam, DR Congo, Turkey, Thailand, Tanzania, South Africa, Myanmar

Bolivia, Haiti, Cuba, Dominican Republic, Jordan, Azerbaijan, Honduras, Tajikistan, Belarus, Papua New Guinea, Serbia, Togo, Sierra Leone, Laos, Paraguay, Libya, Lebanon, Nicaragua, Kyrgyzstan, El Salvador, Burkina Faso, Mali, Malawi, Chile, Kazakhstan, Zambia, Guatemala, Ecuador, Senegal, Cambodia, Chad, Zimbabwe, Guinea, Rwanda, Benin, Burundi,

Turkmenistan, Singapore, Congo, Oman, Costa Rica, Liberia, Central African Republic, Mauritania, Panama, Kuwait, Croatia, Moldova, Georgia, Eritrea, Uruguay, Jamaica, Qatar, Mongolia, Armenia, North Macedonia, Guinea-Bissau, Bahrain, Mongolian, Armenian,

Timor-Leste, Mauritius, Cyprus, Eswatini, Djibouti, Fiji, Comoros, Solomon Islands, Montenegro, Suriname, Cabo Verde, Micronesia, Maldives, Malta, Brunei, Belize, Bahamas, Barbados, Sao Tome & Principe, Samoa, Saint Lucia, Kiribati, Grenada, Equatorial Guinea, Trinidad and Tobago, Estonia, Timor-

Saint Kitts & Nevis, San Marino, Palau, Tuvalu, Nauru, Tonga, the Seychelles, Antigua and Barbuda, Dominica, the Marshall Islands, Saint Vincent & Grenadines, and Saint Kitts & Nevis.

Is Exness a broker scam? Exness: Is It Real?


i frequently receive inquiries about whether Exness is a trustworthy broker or a fraud.

Undoubtedly, Exness is a legitimate broker; it is not a swindler.

Three jurisdictions—the UK, Europe, and Seychelles—regulate Exness.

You can be confident that your money is secure if you join Exness.

Pros and drawbacks of Exness

Exness ProsExness Cons
Super tight spreadsSometimes the live support staff feel like robots
Multiple withdraw and deposit methodsNo Exness deposit bonus or welcome bonus
Instant and automated Withdrawals and deposits 24/7It does not accept US citizens and residents
Negative balance protection 
Regulated broker 
Funding in local currency 
Exness to Exness Transfers 
Good educational program 
exness pros and cons

Summary of the review of Exness Forex Broker
One of the goals of our Exness review was to outline what you may anticipate when you sign up for a real Exness account.

The other is to provide straightforward responses to inquiries from anyone thinking about signing up for Exness.

Is Exness a trustworthy broker?
Exness real or fake?
Is Exness legitimate
Exness a phony broker?
Is Exness governed or ungoverned?
Exness’ validity is attested to by the fact that it is regulated in three different countries.

All these questions have been answered above.

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