Exness Zero Spread Account – Pros and Cons

Exness is a forex and CFD broker that operates under strict regulatory guidelines set by the CySEC, the FCA, the FSA, the FSCA, and the FSC. Such heavy regulation is always attractive to all kinds of traders. This is because regulated brokers are much safer than unregulated ones. However, this regulatory status is not the only attractive feature of Exness. Exness is particularly popular in Asia and Africa, particularly in the main African Forex financial hub – South Africa where it is often regarded as out there.

Exness offers clients a diverse collection of account types to accommodate all kinds of traders. Here, we will look at Exness Zero Spread Account together with the pros and cons associated. We will also look at other features that Exness has to offer to its clients. Let’s jump in.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.

Exness Zero Spread Account

There are two main accounts on Exness that feature zero spreads, the Zero Spread account and the Raw Spread account. Both of these accounts fall in the professional section of Exness accounts. However, these accounts are suitable for all traders looking to trade with zero spreads. The Zero Spread account allows clients to trade the top 30 instruments with zero spreads, market execution and no requotes.

The minimum deposit on this account is $500 which can be expensive for some traders. Additionally, this account comes with a fixed commission of $0.2 per side per lot. While the commission is fixed, it is not exorbitant and most traders can afford it. Furthermore, the traders on this account will be trading with zero spreads. The instruments available to clients on this account include forex pairs, metals, cryptocurrencies, energies, stocks, and indices.

These same market instruments are available to clients using the Raw Spread account. In fact, the Zero Spread account and the Raw Spread account do not have many differences. Both feature spreads starting from 0.0 pips and unlimited leverage. On top of that, the minimum deposit for both these accounts is $500. The only difference is the commission charged on these accounts. The Raw Spread account charges clients a commission of $3.5 per side per lot.

Pros of Exness Zero Spread Account

Below are some of the pros of the Exness zero spread account.

  • Trading with zero spreads – The main advantage of the zero spread account is the ability to trade with spreads starting from 0.0 pips.
  • Low commissions – The commission on the Exness Zero Spread account is only $0.2 per side per lot. This is affordable to almost all traders.
  • A wide selection of trading instruments – Exness allows clients to trade several markets on the Zero Spread account.
  • No hidden markups – This Zero Spread Account has the advantage of zero spreads and transparent commissions. Traders can be sure of the fees they have to pay before making an order.
  • Unlimited Leverage – Traders looking to trade on high leverages are in luck here. The zero spread account on exness provides unlimited leverage to its traders. However, traders should be careful not to over leverage as this might place them in debt to the broker.

Cons of Exness Zero Spread Account

  • High minimum deposit requirement – To trade on Exness’ zero spread account, you need a minimum deposit of $500 which can be expensive for some traders.
  • Unlimited Leverage – Unlimited leverage can both be a blessing and a curse. Traders should be careful not to over leverage as that would put them in debt to the broker.

Exness Trading Platforms

Now, we look at the trading platforms that Exness has to offer to clients. There are three main trading platforms offered by Exness to its clients. These include the Exness Trader, the MetaTrader 4, and the MetaTrader 5. These are some of the best trading platforms in the industry. They allow clients to place orders within mere seconds.

On top of that, the MetaTrader platforms come with many charting tools. This allows clients to perform simple and complex analyses of financial markets before trading. Finally, these platforms allow for automated trading making the process much easier for traders. These platforms are suitable for all kinds of traders as they are both powerful and intuitive.

Customer Reviews

It is very important to look at online customer reviews about a forex broker. These give an insight into the experience that real customers are having trading with a broker. Exness has over 500 customer reviews on Forex Peace Army with an overall rating of 3.1 stars out of five. While not the most impressive rating, this is above average.

This rating suggests that the majority of the customers on Exness enjoy trading with this online broker. Furthermore, Exness replies to most of the customers with complaints on Forex Peace Army. This is a good sign and shows that the company remains committed to satisfying customer needs. This also speaks to the company’s commitment to offering quality customer support. And with that, let’s look at Exness’ customer support.

Exness Customer Support

Exness has a number of ways for clients to reach the support team. These include the Help Center, Live Chat, Email, and Phone. The Help Center mainly contains in-depth information about Exness trading terminals and more. The Live Chat allows clients to contact the customer support with questions they have that are not in the Help Center.

Clients can also email the team via [email protected] or give them a call at +35725030959. These customer support channels are available to clients 24 hours a day, 7 days a week. Tier-one trading platforms will always provide ample customer support to their clients. Remember that customer support is a necessity for a company handling your money, not a luxury.

Deposit and Withdrawal Methods

There are a variety of payment options supported by Exness. Clients can fund their accounts using Wire Transfers, Skrill, Neteller, Credit and Debit cards, and Mobile Money methods such as M-Pesa. These are fairly safe payment options that are characteristic of regulated brokers. The minimum amount you can deposit is $10. Additionally, there are no charges for deposits or withdrawals.

There are many currencies supported by Exness. However, the currency one trades on depends on the account a user is on. For the Zero Spread account, the currencies supported include the US Dollar, the Great British Pound, the Euro, the Kenyan Shilling, the Japanese Yen, the Indian Rupee, and the South African Rand, among many others. Most major currencies are supported on this account.

Final Thoughts on Exness Zero Spread Account

Exness is one of the best forex and CFDs brokers in the market today. It offers one of the best Zero Spread accounts in the market today. It allows traders to trade on low commissions of only $0.2 per side per lot and with spreads as low as 0.0 pips. This account comes with several advantages which we have listed above. Such advantages, together with Exness’ other impressive features, are what attract traders to the Zero Spread account offered by Exness.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.



Michael
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