Exness south africa

EXNESS South Africa Review 2022

Exness South Africa is a multi-asset forex broker founded in 2008 that offers global trading in various currency pairs, metals, energies, stocks, indices, and cryptocurrencies. With both market and instant executions on MT4, MT5, and Web Terminal trading platforms, Exness is a practical choice for traders from South Africa.

Traders can choose between the Standard Cent, Standard, Raw Spread, Zero, and Pro trading accounts. This brokerage company is committed to providing better trading conditions in the markets, in the form of low spread starting from 0 pip, fast executions, unlimited leverage, and low to no commissions.

This broker is known for its transparency and is licensed by the following regulators:

πŸ‘‰ FSA of Seychelles
under the name Nymstar Limited
πŸ‘‰ CySEC of Cyprus under the name Exness (CY) Ltd.
πŸ‘‰ FCA of the UK under the name Exness (UK) Ltd.
πŸ‘‰ FSCA of the South Africa under the name Exness ZA (PTY) Ltd.

With a minimum deposit of only 10 USD using a variety of payment methods (e.g., credit cards, electronic payment systems, and bank transfers), traders can start their trading journey easily. The safety and security of the clients’ funds are guaranteed since Exness South Africa complies with the international standards regarding client protection.
Exness South Africa offers 24/7 support via email, phone, and live chat. Traders can contact the broker in 15 different languages.

In addition, various educational and support programs are available. Traders can learn and benefit from the video courses, insights and analyses, market and economic news, webinars, and so on. A number of tools, such as trader's calculator and currency converter are also accessible via the website.
Regulations: CySEC, FSA, FCA, FSCA
Country: Cyprus
Founded: 2008
South Africa Support Desk: Yes
Exness South Africa Rating:
4.8 / 5

Account types offered by Exness South Africa

There are two main types of accounts at Exness South Africa, namely Standard, and Professional. Each account has its own advantages and disadvantages. That is why traders should learn more about each of them before starting to trade.
Standard
Minimum Deposit: 10 USD
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: Floating from 0.3 pips
Commission: No
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4, MT5

Standard Cent
Minimum Deposit: 100 Cent
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: Floating from 0.3 pips
Commission: No
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4

Raw Spread
Minimum Deposit: 200 USD
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: Floating from 0 pips
Commission: Yes, up to 3.5 USD per lot/side
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4, MT5

Zero
Minimum Deposit: 200 USD
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: 0 pip
Commission: Yes, up to 3.5 USD per lot/side
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4, MT5

Pro
Minimum Deposit: 200 USD
Leverage: 1:2000 (MT5), 1:Unlimited (MT4)
Minimum trade size: 0.01
Spread Type: Floating from 0.1 pips
Commission: No
Account Currency: USD, GBP, EUR, AUD, CHF, CAD
Platforms: MT4, MT5

πŸ‘‰ 1. Standard Account

Exness Standard Account is intended for all traders including beginners as it offers stable spreads with no re-quotes.

Standard Cent

This account is suitable for new traders who want to trade in small amounts. Only Forex and metals are available on the Standard Cent account. Traders can trade in USC, EUC, GBC, CHC, AUC, and CAC.

The maximum pending order is 50, with a minimum lot size of 0.01 lots and a maximum lot size of 20-200 lots depending on the trading time. The offered spread starts from 0.3 pips. The minimum deposit depends on the payment system, but it normally starts from 10 USD. This account does not require any commissions and all transactions are market executed on the MT4 platform.

Standard

All trading conditions for this account type are similar to the Exness Standard Cent account. That is to say, the spread from 0.3 pips, a minimum deposit of 10 USD, and no commissions. Exness Standard Account uses market execution on MT4 and MT5 trading platforms.

The minimum lot size is 0.01 and the maximum lot size ranges from 20 to 200 lots, depending on the trading time. Traders can have unlimited positions with a maximum of 100 pending orders.

πŸ‘‰ 2. Professional Account

Exness Professional Account is most suitable for experienced traders. This account type offers super low spread or even zero spread and accepts all types of traders, including scalpers, day traders, and algotraders.

Raw Spread

Exness Raw Spread Account has the lowest raw spread compared to other account types. By making a minimum deposit of 200 USD, traders can register for a Raw Spread account and benefit from its spread as low as 0 pip using MetaTrader 4 and 5 trading platforms with an unlimited number of trading positions.

The available account currencies include USD, GBP, EUR, AUD, CHF, and CAD. Traders can have unlimited pending orders with lot sizes starting from 0.01 to 20-200 lots, and market execution. However, there is a low fixed commission per lot/side up to 3.5 USD.

Zero

Experienced traders who want to trade using real market pricing with low spread can open an Exness Zero account. As the name suggests, the spread for this account starts from 0 pip with market execution on MT4 and MT5 platforms.

This account is available in many currencies, such as USD, GBP, EUR, AUD, CHF, and CAD. Traders can start by depositing a minimum of 200 USD. Then, they can open an unlimited number of trading positions and pending orders with an extremely low commission up to 3.5 USD for every lot traded. The lot size ranges from 0.01 to 20-200 lots.

Pro

As the ultimate account type at Exness South Africa, the Pro account offers instant execution for Forex, metals, indices, energies, and stocks, as well as market execution for cryptocurrencies. The first minimum deposit is 200 USD, but there is no minimum amount afterward.

With a flexible spread as low as 0.1 pips, traders can trade a minimum of 0.01 lots and a maximum of 20-200 lots depending on the trading time. They are allowed to open unlimited positions and have unlimited pending orders with no commissions. There are many available currencies, including USD, GBP, EUR, AUD, CHF, and CAD on both MT4 and MT5 platforms.

Furthermore, traders can practice trading via 10,000 USD virtual money in the Demo account for all account types, except Standard Cent. Traders can open up to 100 trading accounts for both Live and Demo accounts, including the blocked and archived ones. There are no fees for inactive accounts; however, Exness South Africa will close them by applying the following rules:

Live - MT4: archived after 90 days of inactivity, balance below 5 USD
Live - MT5: archived after 15 days of inactivity, balance below 1 USD
Demo - MT4: deleted after 180 days of inactivity, balance below 50 USD
Demo - MT4: deleted after 21 days since the last login

Last but not the least, all accounts at Exness South Africa are offered with leverage as high as 1:Unlimited for MT4 and 1:2000 for MT5. Bear in mind, the leverage depends on the trading amount:

0-999 USD
Γ  1:Unlimited (MT4)
0-4,999 USD
Γ  1:2000 (MT5)
5,000-29,999 USD
Γ  1:1000
30,000 USD or more
Γ  1:500

How to deposit and withdraw funds at Exness South Africa

There is a wide variety of payment methods offered by Exness South Africa, including credit cards, e-wallets, bank transfers, local payments, and cryptocurrencies with no processing fee. However, some electronic payment systems may charge an additional fee.

The deposit and withdrawal methods available at Exness are as follows:

bank cards
Γ  minimum deposit: 10 USD, deposit: instant, withdrawal: up to 72 hours
e-wallets (Skrill, Neteller, Perfect Money, SticPay, WebMoney, etc.)
Γ  minimum deposit: 10 USD, deposit: instant, withdrawal: instant
cryptocurrencies (BTC, Tether/USDT OMNI)
Γ  minimum deposit: 10 USD, deposit: up to 72 hours, withdrawal: up to 72 hours

Traders who reside in South Africa can also use local payment methods such as Ozow and Mybux.

Please make sure that the name on the trading account is the same as the name on the payment system so the deposit can be credited quickly. Furthermore, withdrawal can only be done to the payment methods that were previously used for the deposit.

Is Exness South Africa reliable and safe?

Exness broker is reliable because it is bound by strict international trading regulations. To comply with the international standards, the company has to keep its clients’ money in segregated bank accounts, implement the anti-money laundering procedure, and maintain a certain amount of capital.

Exness Group is licensed and regulated by various regulators under different company names:

πŸ‘‰ Nymstar Limited: regulated by the Financial Services Authority (FSA) of Seychelles
πŸ‘‰ Exness (Cy) Ltd.: regulated by the Cyprus Securities and Exchange Commission (CySEC) of Cyprus
πŸ‘‰ Exness (UK) Ltd.: regulated by the Financial Conduct Authority (FCA) of the UK
πŸ‘‰ Exness B.V.: regulated by the Central Bank of CuraΓ§ao and Sint Maarten (CBCS) of CuraΓ§ao
πŸ‘‰ Venico Capital Limited: regulated by the Financial Services Commission (FSC) of BVI
πŸ‘‰ Vlerizo (Pty) Ltd.: regulated by the Financial Sector Conduct Authority (FSCA) of South Africa
πŸ‘‰ Tortelo Limited: regulated by the Financial Services Commission (FSC) of Mauritius

In addition, this broker is a member of the Financial Commission. Thus, traders can ask this international organization to fairly review and resolve their complaints in the financial markets, and receive up to €20,000 per client.

Types of spreads in Exness South Africa

At Exness South Africa, traders can enjoy flexible spread as low as 0.3 pips for the Standard Cent and Standard accounts. The Pro account also offers a floating spread from 0.1 pips. Additionally, no commission is required for these three accounts.

However, the traders are to pay up to a $3.5 commission per lot for the Raw Spread and Zero accounts. The spread offered for these accounts is zero.

You can find the most typical spreads for common currency pairs counted in pips in the table below:
Exness Spread

Trading platforms offered by Exness South Africa

Two of the most popular trading platforms, MT4 and MT5, are offered at Exness South Africa.

As the world's leading platform, the MT4 can be easily accessed on Android, iOS, Windows, Mac OS, Linux, and multiterminal using Standard Cent, Standard, Raw Spread, Pro, and Zero accounts. There are two types of order execution available, namely Instant and Market. This platform provides 23 analytical objects and 30 built-in technical indicators and accepts auto-trading using EAs. All communications are encrypted using 128-bit keys.

The MT5 platform offers a better interface, productivity, and performance. Traders can benefit from 38 inbuilt indicators, 22 analytical tools, and 46 graphical objects, as well as one-minute interval charts, up to 21 timeframes in Standard, Raw Spread, Pro, and Zero accounts. This platform is accessible on Mac OS, Linux, Windows, iOS, and Android with instant and market executions.

Traders can also use Web Terminal from MetaQuotes to start trading. They do not need to download or install anything. This reliable, fast, and user-friendly web platform is securely encrypted and offers 50 drawing tools and 100 indicators. Charting is also provided by TradingView.

Key advantages of trading with Exness South Africa

One of the highest leverage services in the market, 1: unlimited on MT4 and 1:2000 on MT5
Regulated by FSCA of South Africa, FSA of Seychelles, CySEC of Cyprus, and FCA of the UK
A wide range of instruments: currency pairs, stocks, indices, metals, energies, & cryptocurrencies
Free deposits and withdrawals via credit cards, e-wallets, and bank transfers
24/7 support via phone, live chat, and email in 15 languages
5 different account types for different strategies, trading needs, and risk appetite
Access to the market from the popular MT4, MT5, and WebTerminal trading platforms
All strategies are allowed, including scalping, day trading, and algotrading
Spread as low as 0 pip, with super-fast market and instant executions
Various available educational resources, and trading tools
Other Forex Brokers in South Africa:
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