Exness Review 2023: Is Exness Brokerage Company Legitimate?
Exness is one of the market’s most talked about platforms recently, after clinching a top spot in Traders Union’s latest broker rankings.
Exness Trading Company ranked second among 350 companies featured in the TU Ranking 2023, with a TU Overall Score of 9.71. It has overtaken popular brokerage firms such as Tickmill, FxPro, and Pocket Option during the deliberation.
Its recent win is due to a good number of reasons, as detailed by Traders Union’s Exness review 2023.
Founded in 2008, Exness has established its reputation as a dependable broker. It has been recognized for having the fastest order execution among all brokers on the shortlist during the Traders Union Awards 2022.
Exness offers more than 35 currencies in its account, including major denominations of EUR and CHF. Its minimum deposit requirement is also one of the lowest in the market at $1, making it an ideal platform for those who are just starting out.
Regarding leverage, Traders Union experts have pointed out that the platform has one of the most lucrative offers in the world, starting at 1:2000. This could go to 1:unlimited under the condition that the client will open 10 positions and trade at least 5 lots for the regular account.
Spreads start low at 0.3 pips, while a wide range of assets is available, including stocks, indices, commodities, Contracts for Differences (CFDs), and cryptocurrencies.
Exness scored 9.73 out of 10 in the User Satisfaction category, while also performing impressively with a 9.60 score in Brand Popularity. Among the platform’s features that gave it an edge against competitors is a free VPS hosting offer, which improves trading scalability and reliability.
Moreover, Exness has an instant withdrawal system, which allows users to take out their funds at any time of the day.
With its long list of advantages, investors are curious: is Exness broker legit? According to Traders Union’s data, Exness group of companies holds major licenses from the Financial Conduct Authority in the United Kingdom, Cyprus Securities and Exchange Commission in Cyprus, Financial Services Authority in the Seychelles.
Likewise, the brokerage firm is licensed to operate in Curacao and Saint Martin, British Virgin Islands, Mauritius, South Africa, and Kenya.
Exness generates a monthly turnover of $325 billion as it provides favorable trading conditions among users seeking low commissions, fast execution of orders, and instant fund withdrawals.
55% of the platform’s user base comes from Thailand, while 25% are from Vietnam, and 3.66% are in South Africa. It has also managed to establish a strong presence in leading Forex markets namely Japan, Brazil, Kenya, India, and Egypt.
In fact, Exness ranking second on Traders Union’s list speaks about its legitimacy, with the financial portal having a reputation as one of the trusted and unbiased information centers in the Forex market.
Traders Union has been a trusted source of trading information since 2010, with a mission to provide a complete and unbiased review of international Forex brokerages since launch.