EXNESS ECN Forex Broker Review

EXNESS forex broker has been offering forex trading including currencies and metals since 2008. Initially established in Russia, EXNESS quickly grew in terms of traders and the trading volumes, quickly expanding to CIS countries besides having a vast reach across the Asian markets. By early 2010, EXNESS started offering more services to their traders including Free VPS, Dow Jones news wire services and automatic withdrawal systems.

EXNESS is today widely recognized as a leading forex broker with credibility and transparency.

EXNESS ECN Trading Accounts

EXNESS ECN Forex Account
No. of Currency Pairs 53
Spreads From 0 Pips
Leverage From 1:10 to 1:100
Req. Margin for Hedge Position No requirements
Minimum Trade Size 0.5 Lots
Trading Platforms MT4, MT5
Commission $25 per $1million traded
Margin Requirements 1%/2%/10% (Based on Leverage selected)
Minimum Initial Deposit 1,000 Base Units
Base Currency USD or EUR, GBP
Payment Methods Bank Wire, Credit/Debit Cards, Cash U, Neteller, Moneybookers

About the Company – EXNESS

EXNESS Review

EXNESS

EXNESS forex broker is registered in Russia, with its headquarters located at Office 309, Regus Nevsky Plaza Business Centre, Nevsky prospect 55, lit. A, Saint Petersburg, Russian Federation, 191025. The broker is registered in New Zealand, with the FSPR with registration number 3570551. EXNESS is also a part of the Financial Dispute Resolution Service with registration number of 181164. EXNESS provides different kinds of trading accounts, primarily classified into Market maker or fixed spread accounts and ECN accounts with variable spreads.

EXNESS is one of the very few forex brokers that can boast of the ISO 9001:2008 quality management certificate in the currency markets and financial trade organization, which was granted to the broker in 2011. In June 2012, EXNESS won two awards from the World Finance Magazine as the Best Broker in Russia and the Middle East.

EXNESS Liquidity Providers

EXNESS ECN trading accounts feature the interbank liquidity with zero spreads during peak market hours. EXNESS ECN liquidity is made up of ADS Securities, EXANTE, FXCMPRO and KYTE Group’s Market Securities. EXNESS liquidity providers thus make up for most of the bid and ask prices when trading with an ECN account at EXNESS.

EXNESS Trader Services

EXNESS offers Free VPS service for all clients with a minimum initial account deposit of 500USD or its equivalent. EXNESS VPS comes pre-installed with the MT4 trading platform and traders can get started by simply logging into their MT4 trading account. Besides VPS service, EXNESS also offers integrated Dow Jones newswires services directly into the MT4 platform with latest business and financial news as it happens.

EXNESS – Conclusion

While EXNESS is primarily registered in Russia, traders from anywhere in the world can sign up and trade with the broker. The spreads on EXNESS ECN accounts are one of the most competitive spreads. Commissions charged for trading on ECN accounts are $25 per million, making this broker’s ECN commissions not too expensive. Because of the minimum funding requirement of 1000USD or its equivalent, ECN traders at EXNESS can also take advantage of the free VPS service offered by the broker.

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