In this article, I will be introducing Exness, an overseas foreign exchange trading company that has been operating globally since 2008.
A trading entity I personally swear by for its outstanding performance in Forex day trading, I consistently recommend it to my clients who are equally passionate about Forex day trading methods.
As someone who has seen significant profit margins from Forex day trading through Exness, I can genuinely declare it as a must-have broker.
In the past, I used to switch between different brokers, but ever since I started Forex day trading with Exness, I've found myself thinking, "I can never return to other brokers for Forex day trading."
"It feels silly to do Forex day trading with other brokers." I have developed such fondness and faith in Exness that I love to present a candid review about it this time.
Unlimited leverage
The greatest strength of Exness which sets it apart from others is its high level of leverage.
Many brokers compete for offering high leverage, but none so far can boast higher leverage than Exness.
Below is the leverage provided by Exness according to the funds you have.
| Equity (USD) | Maximum available leverage |
|---|---|
| 0 - 999 | 1:Unlimited (if eligible) 1:2000 (available by default) |
| 1,000 - 4,999 | 1:2000 |
| 5,000 - 29,999 | 1:1000 |
| 30,000 or more | 1:500 |
As shown above, although there are leverage limitations based on the funds available, it boasts on a level of leverage not offered by other brokers.
Even famous brokers like "XM" only offer a maximum of 1,000 times, which makes the superiority that Exness possess, remarkable.
Most intriguing among all is the 'unlimited leverage' listed at the top of the table.
Quite literally, the leverage is 'unlimited', with no restrictions.
However, there are 'conditions' for this unlimited leverage and unless these are satisfied, you are confined to a leverage of 2,000 times and cannot make use of any higher leverage.
A leverage of 2,000 times is large enough, but let me explain the conditions for unlimited leverage.
Conditions for unlimited leverage
✅1.Funds in the account are within 999 dollars
✅2.Total trade of 5 lots or more
✅3.More than 10 trading times
Regarding the first condition, your account should ideally have around 1,000 dollars.
Continued to the second, whether you have a history of trading a 'total' of more than 5 lots in an Exness account comes into consideration.
This '5 lots' does not refer to one single trade. As long as the total makes up 5 lots, it is acceptable.
Considering the fact that this largely depends on your trading methods but most day trading methods can clear this condition in a few days.
About the third condition, you just need to have made more than 10 trades.
So, considering all these conditions from 1 to 3, none of them are particularly challenging.
By the way, for conditions 2 and 3, especially in the case of trade content, 'win' or 'lose' does not matter.
From the above, most day traders can fulfill these conditions within a few days and trade in 'unlimited leverage' conditions.
Of course, the leverage is limited according to the funds as mentioned in the previous table and that is unavoidable.
However, unless you're trading with substantial funds, you can maintain hundreds of times leverage, so I think the leverage is sufficiently great.
More important is the potential to earn big even from a small fund due to the high leverage that Exness has, which is the biggest advantage of Exness.
Narrow Spreads Essential for Day Traders
In Forex day trading, spreads are 'expenses' that occur every trade, so the narrower (lower) it is, the better.
In the case of Exness, it appears that the spread is very narrow compared to other brokers.
Below is a table comparing the well-known "XM" and the major account types in Exness, "Standard Account" and "Professional Account".
| Exness Standard Account |
Exness Pro Account |
XM Standard Account |
|
|---|---|---|---|
| EUR/USD | 1.0 pips | 0.6 pips | 1.6 pips |
| USD/JPY | 1.1 pips | 0.7 pips | 1.6 pips |
| GBP/USD | 1.5 pips | 0.7 pips | 2.1 pips |
| GBP/JPY | 2.0 pips | 1.3 pips | 3.6pips |
| EUR/JPY | 1.9 pipss | 1.2 pips | 2.3 pips |
| AUD/USD | 1.5 pips | 0.9 pips | 1.9 pips |
| XAU/USD | 2.0pips | 1.25pips | 3.5pips |
This narrow spread of Exness must be a notable figure when compared to other trading corporations.
As mentioned earlier, the spread has to be burdened for every trade.
Therefore, the narrower the spread, the larger the remaining profit, which makes it a very thankful service especially for day traders with a high number of trades.
Of course, scalping trading is also possible.
Why Exness stands out So far
I have mentioned the specs that are the strengths of Exness,
✅The high leverage, including unlimited leverage
✅The lax conditions for forced loss cuts up to a margin maintenance rate of 0%
✅The narrow spread that increases the final profit for day traders
Exness, which boasts such excellent specs, has a 'weakness'.
That is, it does not offer bonuses, and is thoroughly committed to the specs mentioned above.
At other brokers, you can get a lot of 'bonuses', such as,
☒ Bonuses received as trade money when opening an account.
☒ Bonus you get when you make a deposit.
Therefore, bonuses to trade funds are prepared in large quantities and are competitive.
This bonus cannot be withdrawn in cash but can be used as trading money.
With bonuses, it is possible to trade from a small amount of money, and it is so popular that many people open accounts in pursuit of bonuses.
For instance, the very well-known XM offers,
☒ Bonus of 30 dollars when opening an account.
☒ 50% on the first $1000 your initial deposit.
☒ 20% on the rest of your deposit up to a total of $5000.
There's a system where you can get these and it is highly popular.
It is indeed attractive to get bonuses that can be used unconditionally as trading money.
However, in the case of Exness,
✅The high leverage, including unlimited leverage
✅The lax conditions for forced loss cuts up to a margin maintenance rate of 0%
Because there are these, as explained earlier, you can trade with higher lots.
Therefore, there is plenty of room to increase the funds even from a very small amount of trading money.
Of course, this will definitely be influenced by the trading method you adopt.
However, the same applies to trades using bonuses received from other brokers such as XM.
Therefore, as for me,
✅The high leverage, including unlimited leverage
✅The lax conditions for forced loss cuts up to a margin maintenance rate of 0%
✅The narrow spread that increases the final profit for day traders
As long as these three excellent specs exist, even if Exness doesn't have a bonus, I believe that Exness is a more fruitful account for day traders.
Furthermore, bonuses are temporally.
The account opening bonus is only available at the time of account opening, and the deposit bonus is also a temporary service, with a specified deposit limit.
On the other hand, because Exness does not offer these types of bonuses,
✅High leverage
✅Lax conditions for forced loss cuts
✅Narrow spreads
These ongoing customer services can be strictly enforced.
More than a temporary bonus, since I'm working as a day trader, I frankly find it more 'appreciative' to have continuous customer service like Exness.
Other advantages of recommending Exness In addition, I would like to touch on information about Exness other than the specs explained so far.
Other benefits that make us recommend Exness
Zero Cut System
Exness has the 'Zero Cut System', which is also implemented by other brokers, and Exness is no exception.
Zero Cut System
This is a system in which the FX broker covers the loss in case a loss occurs due to a sudden fluctuation in the exchange rate and it doesn't cut losses in time, and there's no need to shoulder additional margin or bear debts.
With Exness, no matter how drastic the price fluctuation and loss-cutting, no matter how significant a loss develops, you will never be asked to pay any additional insurance.
Although such price fluctuations that result in debt are extremely "rare", if you're trading for the long term, there's always a possibility of encountering them.
Therefore, I strongly believe this "Zero Cut System" is a must-have.
Multiple Transfer Methods
Just like other trading brokers,
✅Domestic and overseas banks
✅Credit cards
✅Bitcoin
And of course, being able to use bitwallet for deposits and withdrawals is seen as an enormous advantage.
Moreover, the transfer from the bank doesn't take several days after the withdrawal request.
(Just to add, if you submit a direct bank transfer request from Exness, it takes about a week.)
Furthermore, with XM, a well-known similar provider, you cannot withdraw more than the amount you deposited with bitwallet.
On the other hand, with Exness, even if you deposited more than the bitwallet amount, you can withdraw the amount exceeding the deposit, including the profit, from bitwallet.
Because of that, with minimal fees, you can quickly keep the cash on hand.
Accepting all trading methods
In addition, Exness also allows for "hedging" and "scalping by the second."
Particularly for day traders who employ a more close-knit day trading method that comes to fruition in very short timelines, it's not uncommon to reach the target profit margin right after entry and effectively close the "profit" in just "seconds".
Because you can make a profit in a few seconds, it is a "lucky" scenario for the individual trader.
However, from a broker's perspective, it puts a significant load on the network (server) handling order processing.
As a result, the risk of a broker's server going down, making all its customers (traders who have opened accounts) "unable to trade", increases.
That's why many brokers prohibit "trading by the second".
In the case of Exness, however, as mentioned earlier, they do not offer any "bonuses" which allows them to focus on,
✅High leverage (2,000 times, unlimited 2.1 billion times)
✅Lenient forced loss cut conditions (0% margin maintenance rate)
✅Narrow spreads
These features allow for quicker order processing for traders who are Exness customers, thanks to a dedicated effort to increase server performance.
That's why they permit "scalping by the second."
Please be careful, as there are cases where profits made from trades settled in just a few seconds may be forfeited or even lead to account deletions by providers who do not permit trading by the second.
In addition, thanks to the effort put into server performance, you can avoid situations where orders are accepted at disadvantageous prices, reducing your potential profit margin.
On the other hand, with brokers where order processing is slow, orders can be accepted at prices that are not targeted, resulting in a reduction of profit margins.
This situation can't be avoided.
The fact that this situation is less likely to occur is critical to day trading in FX, and I believe it's one of the strengths of Exness.
Is the low profile a problem?
As for Exness, even though it offers many great features, it's "less famous" among the many FX trading brokers.
This is possibly because XM, which offers a large affiliate bonus, is often recommended on many blogs and sites.
However, Exness has been operating since 2008, and in fact, has a "longer" operating history than XM.
Proof of Membership in "The Financial Commission" offers trust
As shown in the figure below, as of July 2021, Exness had become a member of "The Financial Commission."
The Financial Commission /Exness
Exness's Financial Commission Membership Certificate "The Financial Commission" is a third-party organization that resolves issues impartially between a broker (trader) and a trader (customer).
For example, if there are withdrawal troubles like "unable to withdraw earned profits", this "Financial Commission" will help resolve the issues as a third-party institution.
There are no particularly heard instances of withdrawal problems concerning Exness, however, the point that you are protected by a trusted third-party institution, even in the event of some trouble due to a mishap, is undeniably a huge advantage.
In conclusion of the true review of Exness
So far, in this article, we've sincerely reviewed "Exness," an FX broker that I use myself and highly recommend.
To be very honest, unlike other brokers, Exness doesn't offer "account opening bonus" or "deposit bonus.”
However, such bonuses from other brokers are limited in amount and are not continuous services.
In addition, brokers boosting their bonuses have a low leverage and strict forced loss cut conditions which make it hard to raise lot sizes and thus, difficult to increase profits.
Also, in order to enhance the bonuses, these brokers need to make up for their revenue through spreads, hence the spreads tend to be broad.
More than anything, in order to win at FX day trading, the trades cost every time, so it's best to keep the spread as narrow as possible.
Still, the spread has to be widened to enhance the bonus, which results in additional trading costs for every trade on many brokers.
Therefore, with brokers enhancing bonuses, It's hard to raise the lot
Excessive trading costs occur every time
From these points, it is clearly "disadvantageous" to increase the profit rate in FX day trading.
Advantages of offering high-specifications accounts by abandoning bonuses
On the contrary, while there are no bonuses at all, the advantage of Exness is that its focus is on enhancing the specs of its trading accounts more than anyone else.
Especially,
✅ High leverage including unlimited leverage
✅ The lax conditions for forced loss cuts up to a margin maintenance rate of 0%
the point of being able to "increase lots" is nothing but a very significant strength.
The revenue from trades is "profit margin (pips) × lot", so the higher the lot, the greater the revenue, which directly connects to an increase in profit rates.
Moreover,
✅ The narrow spread that results in higher final profits for day traders
✅ "Trading by the second" is allowed
These targeted "sought-after features" for day traders are definitely factors that could enhance the profit rates in FX day trading.
Due to these high-spec account benefits, I am proud to say that both my clients and I have been able to yield an appropriate profit rate.
Of course, it is fair to admit defeat to the point that it doesn't have bonuses like other brokers’ strengths.
However, combining the notable features of Exness, such as High leverage including unlimited leverage
The lax condition for forced loss cuts at a 0% margin maintenance rate One could raise the lot size when trading, which in turn could increase profit rates.
Moreover, because you can keep raising the lot size, this means you can continuously increase your profit rates.
That's the reason why once I started using Exness, as mentioned at the beginning, "I can't return to other brokers for FX day trading."
Is what I came to honestly think. The high-spec account that Exness offers is a crucial factor in enabling both me and my clients to yield an appropriate profit rate.
Honestly speaking, for day traders, merely switching from other brokers to Exness, is enough to enhance the lots that leads to an increase in the profit rate from "day one" due to the narrow spreads.
If you are interested in Exness, please take a look at the official page from the link below.
