Since 2008, Exness Malaysia has been a well-known broker. The main offices of Exness are in Cyprus, Seychelles, and the United Kingdom. They work well for Exness to offer their Forex/CFD trading services to clients worldwide.
Capital Markets Authority of Kenya 30/05/2022, CySEC 178/12, FCA (UK) 730729, FSA (Seychelles) SD025, FSC (BVI) SIBA/L/20/1133, FSC (Mauritius) 176967, FSCA (South Africa) 51024, and The Financial Commission 22.07.2021 have all regulated this broker as well.
In October 2018, the company shut down its retail operations in the UK and Cyprus. This was because they weren’t competitive enough. Exness is still in business in the UK and the rest of the European Union, but it only does business with professional institutions.
The Exness retail trading service is now run in Seychelles by the Nymstar subsidiary, and the company is still growing. Most of the company’s work has been done in developing countries in Asia, Europe, and Africa.
As of December 2019, for Exness spread, it has served more than 232,000 active traders worldwide, and the amount of money they traded each month was more than $1 trillion. The company is also known for being open and honest. Its website says that it always posts its financial reports, which are reviewed by Deloitte, one of the “Big Four” accounting firms. That means that Deloitte would check to see if all account funds were there and if they were correct. They would also do other things, like reconcile the funds and test the bonuses’ value. But Deloitte said that these are not official audits and do not follow International Standards on Auditing or International Standards of Review Engagements.
Exness Malaysia Services
The company offers excellent services, such as support for at least 107 currency pairs, a minimum deposit of only $1, maximum leverage of 1:2000, and a competitive cost structure. Also, Exness Malaysia always ensures that its clients’ funds are safe by protecting them against negative balances and a separate account from the company’s funds. The company also offers protection against having a negative balance. So, it’s not surprising that Exness has made its way to the top and is now one of the best global brokers.
About the Company:
Website www.exness.com
Established 2008
countries
Cyprus, Seychelles, and the UK
Regulation
Capital Markets Authority of Kenya, , 30 May 2022
CySEC 178/12 FCA (UK), 730729 FSA (Seychelles), SD025 FSC (BVI), SIBA/L/20/1133 FSC (Mauritius), 176967 FSCA (South Africa), 51024 The Financial Commission, 22 July 2021
Features
- Contests for trading
- Free schools
- Accounts for PAMM
- LAMM stands for
- Different accounts
- Affiliate Program
- Islamic accounts.
- VPS
Trading Fees
Exness has a complicated system for trading fees based on the five different account types for beginners and experts. There are additional terms and conditions for each account, as well as different commission levels and ways to charge them. Many traders say the Pro account has the best conditions since it starts with a markup of 0.6 pips and doesn’t charge any trading fees. The standard account may be the best choice for people just creating because it lets them practice trading skills for a low price. It only requires a $1 deposit, and the most leverage you can get is 1:2000.
Overall, many traders find the fees at Exness to be quite reasonable. With all the different plans and ways to trade, both new and experienced traders can choose the one that works best for them. Aside from that, the terms and conditions have been updated so that the $5-per-month “inactivity fee” will no longer be charged after September 23, 2020. The commission for trading in cryptocurrency is also lower than that of most other brokers.
Extra Bonuses
At this time, Exness does not offer any bonuses or special deals.is a good thing because it shows that the company is following the rules of the forex market regulators, who say that companies can’t use these tricks to get more clients.
Unique Features
Exness is one of the best brokers because it has been around for more than twelve years and keeps growing and getting better every day. From the different features they offer, it looks like Exness wants to help all kinds of traders. We might find some of the features aren’t as good as those of other brokers, but the broker has many exciting features in different ways.
