Launched in 2008, Exness is a veteran broker in the online FX/CFD industry. Its wide reach covers almost all countries in the world. Currently, Exness has offices in three different locations, where each entity is represented by three different corporate entities. Meanwhile, you can go to http://www.vixbrokers.com/minimumdeposit/exness.html if you wish to find out more info about Exness.
In this way, Exness managed to obtain licenses from regulators in three jurisdictions, two of which serve several countries with large markets. However, its reputation has not been optimal. Traders view its operations as having many problems. Most traders complain about the withdrawal system/procedure, which is suspected to have experienced many rejections for withdrawing funds.
Stop loss and slippage chases are the negatives of Exness. While Exness’ customer service seems helpful and knowledgeable, many traders complain about its inefficiency.
As already mentioned, the company’s operations are vast and complex. Many traders who are looking for a broker will be confronted by the many reviews on the web, not all of which are genuine. Many websites focus on doing forex broker reviews and there is a lot of talk about brokers on various forums, channels, and social media groups. While some of the information comes from real experience or from people who have used the broker’s services, some have a hidden agenda, namely to promote the broker. Promoting a forex broker is a legal and normal practice, as long as it is done transparently.
Currently, there are very few websites that do trust broker reviews. One of the most trusted is the forex peace army because the level of security can filter out fake reviews. However, use your intuition when reading Exness reviews.
Their overall rating on one of the largest broker review portals is average to good. Most reviews warn that Exness refuses to withdraw funds on the grounds of terms and conditions, such as insufficient trading activity and not commensurate with the deposit amount. In addition, many novice traders are attracted to this broker because the minimum deposit is only $1.
