EXNESS
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Exposure
14 pieces of exposure in totalUnreasonable spread
Many positions were wiped out because of unreasonable spread
The funding process in EXNESS is extremely slow.
The funding process needs one day,which was extremely slow and delayed the golden period for gold trading in the morning.The platform shall close down with such a low funding speed.
Is it a fake?
The withdrawal is unavailable. Is it a legit platform? Can the evidence provided prove the broker a clone? How to knock it down?
The money has been transferred to my account.
The customer service replied that they didn't receive the money. But my money wasn't returned to my account.
Unreliable
A Ponzi cheme, maybe. Why I lose every time? Especially XAU/USD
Scam
EXNESS asked me to pay 20% margin and then raise 20 credit scores with 1000 yuan per score, saying that my bank information is wrong. I was furious why I need to pay the credit-score fee?
Adverse operation by EXNESS
The lowest price in EXNESS was different from that in Jinshi Data.Thus, I couldn't stop loss in it. I will report the lowdown on it.
Unable to withdraw in EX
The withdrawal hasn’t been available for long time.The customer service tells to change a browser.But it is helpless.
The candlestick is not right
Unable to close orders while I can operate in other platforms. This is a scam
Exness - Refuse to pay my winnings
In December 2019. I have opened 2 short positions on BTCUSD with Exness. There was technical glitch from their side and wrong leverage of 1:200 instead of 1:100 was applied to my account. I was not aware that this wrong leverage was applied to my account, neither they were, because I double checked it with their support during time my positions were opened. I based my risk assessment and stop loss level on Margin shown in my MT4 with leverage 1:100, that was wrong assessment.
My money never appeared in my account
I withdrew my money from my trading account into my bank account and it never appeared , I then sent exness an email complaining about it and they never replied
Withdrawal failure.
A client could not withdraw or transfer money from his exness account, now he wants to leave this broker for another broker.
The platform delayed the trading deliberately.
The platform delayed the trading deliberately, causing large price difference and clients’ over losses.
Stick to stoplot when the price has not come yet
1/8/2023 I sell EUR/AUD pair and put stoplot at 1.66650 to August 2nd at 5am my order got stoplot but price on Exness app has not arrived yet, I asked Exness ad for support and received the goods Dozens of reasons: the ask price shows correctly at 1.66650 and the ask price doesn't show up on Exness app (exness ap is useless), because the 1-minute candle at that time fluctuated high at 5am, because customers trade on mt4 or mt5 Please update again (I play on Exness ap). Result: the ask price is always 20 pips away from the price on Exness's app and the order with the stoplot is correct, the complaint is not resolved.
EXNESS · Company Summary
Note: EXNESS official site - https://www.exness-chinese.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
There is a level of danger that comes with trading on the financial markets. As sophisticated instruments, foreign exchange, futures, CFDs, and other financial contracts are typically traded using margin, which significantly increases the inherent risks involved. Therefore, you should consider carefully whether or not this sort of investment activity is right for you.
The information presented in this article is intended solely for reference purposes.
General Information
| EXNESS Review Summary in 10 Points | |
| Founded | N/A |
| Registered Country/Region | China |
| Regulation | No license |
| Market Instruments | N/A |
| Demo Account | N/A |
| Leverage | N/A |
| EUR/USD Spread | N/A |
| Trading Platforms | N/A |
| Minimum deposit | N/A |
| Customer Support | |
What is EXNESS？
EXNESS is a Hong Kong-registered forex broker, with its founding time and the company behind it not disclosed to all. Since its official website cannot be opened, we were unable to get more information about its operation activities. Please note this broker is not authorized or regulated by any regulatory authorities.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Pros & Cons
EXNESS presents significant drawbacks and uncertainties that raise concerns about its legitimacy and reliability as a forex broker. The lack of valid regulation, unavailability of the website, and limited customer service details are all red flags that potential traders should carefully consider. Additionally, reports of difficulties in withdrawing funds and potential scams add further doubts about the broker's credibility.
| Pros | Cons |
| N/A | • No valid regulatory license |
| • Unavailability of website | |
| • Reports of unable to withdraw and scams | |
| • Only email support |
EXNESS Alternative Brokers
FXCM - is a reputable forex broker with a wide range of trading instruments and robust trading platforms.
Key Way Investments - offers a diverse range of financial instruments, competitive spreads, and user-friendly trading platforms.
SBI FXTRADE - backed by a reputable financial institution, provides a comprehensive trading environment, competitive pricing, and advanced trading tools.
There are many alternative brokers to EXNESS depending on the specific needs and preferences of the trader. Some popular options include:
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is EXNESS Safe or Scam？
Based on the information available that EXNESS has no valid regulation and their website is currently unavailable, it raises concerns about the safety and legitimacy of the broker. The lack of regulation means there is no oversight or protection for traders, increasing the risk of potential scams or fraudulent activities. As a result, it is advisable to exercise caution and refrain from trading with EXNESS until further information or clarification about their regulatory status is available. It is recommended to choose regulated brokers that adhere to strict regulatory standards to ensure the safety of funds and the integrity of trading operations.
Trading Platforms
Their website is unavailable currently, and we cant get any detailed information about their trading platforms.
It is worth noting that many reputable forex brokers offer industry-leading platforms such as MetaTrader4 (MT4) and MetaTrader5 (MT5) to their clients. These platforms are widely recognized for their robust features, advanced charting tools, and user-friendly interface. They provide traders with access to a wide range of financial instruments, including forex, commodities, indices, and more. Additionally, MT4 and MT5 platforms often offer various technical analysis tools, customizable indicators, and the ability to automate trading strategies using expert advisors.
As for EXNESS, it is advisable to wait for their website to become available again or seek alternative regulated brokers that offer reliable and well-known trading platforms.
Customer Service
This EXNESS only leaves an email address (support@exness.com) for clients with any inquiries or trading-related problems to get in touch with it. While having an email contact can be convenient for some, it is important to note that it may not provide the same level of responsiveness and immediate assistance as other communication channels like live chat or phone support.
The availability and promptness of their customer service cannot be determined without further information or user experiences. In situations where clients require quick assistance or have urgent inquiries, the limited contact option may be a disadvantage. It is always recommended to choose brokers that offer multiple contact channels and have a reputation for providing timely and reliable customer support to ensure a smooth trading experience and effective problem resolution.
User Exposure on WikiFX
On our website, you can see that some reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.
Conclusion
In conclusion, EXNESS raises serious concerns and appears to be an unreliable and potentially unsafe forex broker. The lack of valid regulation and unavailability of the website are significant red flags that should not be ignored. Moreover, reports of withdrawal difficulties and potential scams add to the overall skepticism surrounding EXNESS. It is strongly advised that traders exercise extreme caution and opt for regulated and trustworthy brokers to ensure the security of their funds and a reliable trading experience.
Frequently Asked Questions (FAQs)
| Q 1: | Is EXNESS regulated？ |
| A 1: | No. It has been verified that this broker currently has no valid regulation. |
| Q 2: | Does EXNESS offer the industry leading MT4 & MT5？ |
| A 2: | No. |
| Q 3: | Is EXNESS a good broker for beginners？ |
| A 3: | No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website. |
