exness

General Information

Exness Group was founded in 2008 and provides investors with a wide range of financial products, including currency pairs, metal encrypted digital currencies, energy, indices, and stocks. Besides, the company provides its customers with the highest quality customer service through a personalized and truly international approach. Exness official website has been localized into 15 languages, and the customer service spans 13 languages, of which 11 languages are available 24 hours a day, five days a week. English and Chinese customer services are available 24 hours a day, seven days a week.

Regulatory Information

At present, Exness has four entities in their own jurisdications under stringent regulation:

Exness (UK) Ltd authorized and regulated by FCA in the UK (license number 730729)

Exness (Cy) Ltd regulated by CySEC in Cryprus, with regulatory license number 178/12

VLERIZO (PTY) LTD authorized and regulated by FSCA (regulatory license number 51024)

Nymstar Limited regulated by FSA in Sychelles, with regulatory license number SD025

Market Instruments

With Exness, investors are given the opportunity to access to a massive market. An extensive range of financial instruments, including currency pairs, metals, digital currencies, energies, indices, and stocks are all available on this brokerage platform.

Account Types

Trading accounts on the Exness platform are available with both retail and professional.

Retail traders can choose from Standard and Standard Cent accounts, great for all types of tarders, especially novice traders. With Standard accounts, more diversified range of trading instruments are available, cryptocurrencies, energies, stocks, and indices, while Standard Cent accounts only give two classes of trading assets: Forex and Metals. The minimum initial deposit depends on payment methods, typically as low as $10.

Professional traders are given three trading account options: Raw Spread, Zero and Pro accounts, with minimum initial deposit for each account is $2,000. Likewise, a bulk of different types of trading assets are available with these three accounts.

Exness Leverage

The maximum leverage available on Exness platform is up to 1:2000, a truly generous offering. This level is idea for scalpers and professionals, as it presents more overall trading flexibility, which directly impacts profitability. However, since leverage can amplify gains as well as losses, It is essential that forex traders select the level of leverage that they feel most at ease with.

Spreads & Commissions

Spreads and commissions are determined by trading accounts. Standard accounts offer a zero-commission trading environment, with spreads starting from 0.3 pips. Professional trading account options offer raw spread with certain commissions. Raw Spread and Zero account holders are offered spreads from 0.0 pips, with a commission of up to $3.50 each side per lot and from 0.2 each side per lot. While with Pro accounts, traders can enjoy zero commission and low spreads.

Trading Platforms

Exness uses leading trading platforms on the global trading market, including MT4, MT5, and WebTerminals. Traders can develop and implement trading strategies of various levels of complexity through MetaTrader 4 and submit most types of trading orders by using two order execution methods: instant execution and market execution. In addition, analysis and trading operations in financial markets are fully automated. The main advantage of MT5 is that the development and editing interface can be started directly on the terminal, and the new program will be automatically displayed in MT5; the new language solves some of the limitations of MQL4 and adds more functions and graphical objects. The company chose the MT5 hedging mode system. Under this system, traders can open multiple positions for the same trading product, including completely opposite positions. Besides, users can also access the web version of MT4&MT5 on the company's official website.

Deposit & Withdrawal

Exness provides a variety of deposit and withdrawal options for traders to choose from, including Bitcoin (minimum deposit is 0 USD, deposit and withdrawal time is up to 72 hours), SticPay (minimum deposit is 1 USD, deposit and withdrawal are instantaneous ), TEDA coins (minimum deposit is 1 USD, deposit and withdrawal time is up to 72 hours), VISA/MASTERCARD bank card (minimum deposit is 3 USD, deposit arrives instantly, and withdrawal arrives within 3-5 days), NETELLER (minimum deposit is $10, deposit and withdrawal are instantly credited), Perfect Money (minimum deposit is $50, deposit and withdrawal are instantly credited), WebMoney (minimum deposit is $1, deposit and withdrawal are instantly credited), Skrill ( The minimum deposit is $10, and deposits and withdrawals will be credited immediately). Also, the user's credit card provider, bank, or payment system may charge user deposits and withdrawals with transaction fees or commissions that are outside the company's control. The company does not accept direct payments or other payments like third parties. The company reserves the right to investigate, cancel, or charge handling fees/fees (depending on the payment method) for any withdrawal request issued by a trading account without transaction activity.

Trading Tools

Aside from multiple trading platform choices, Exness also give its clients an array of useful trading tools to help them quickly become an advanced and professional trader. These trading tools include Analytical Tools, Traders Calculator, Economic Calendar, Currency Converter, Tick History, VPS Hosting, Trading Central WebTV.

Social Trading

Surprisingly, Exness offers social trading for inexperienced traders or newcomers to duplicate their trading accounts

Customer Support

Exness provides a top-notch customer service crew that gets the job done in a jiffy. The Frequently Asked Questions area and the chatbot make up the majority of Exness 's customer service offerings. Support can be reached by e-mail or by phone, and a staff of customer service representatives who speak multiple languages is available during market hours.

legacyfx

General Information & Regulation

The Brand LegacyFX is an established broker providing a wide range of products and services for traders worldwide since 2017. The company “AN All New Investments BY LLC” (operating under the LegacyFX brand) was registered on 12/14/2018 (UNP 193180778) with Company Registration number 193180778 (Certificate of the National Bank of the Republic of Belarus No. 17). The activities of AN All New Investments BY LLC are regulated by Decree of the President of the Republic of Belarus No. 231 dated June 4, 2015 “On the implementation of activities in the OTC Forex market”.

Market Instruments

Besides a good selection of currency pairs, traders can diversify their portfolio with indices, commodity CFDs, metals, cryptocurrency pairs, and stocks on LegacyFX platform.

Minimum Deposit

There are four account options on offer: Silver, Gold, Platinum, and VIP. The Silver account is available from a minimum deposit of $500, the Gold account for a deposit of $5,000, $25,000 for the Platinum account, and the VIP account is yielded for deposits exceeding $50,000. Swap-free Accounts are available, but swap-free accounts are granted to all traders.

LegacyFX Leverage

Leverage varies from 1:5 to 1:200 depending on the asset traded: Stocks – 1:5, Forex – 1:200, Metals – 1:100

Indices – 1:100, Commodities – 1:100, Cryptocurrencies – 1:5.

Spreads & Commissions

Traders can choose between fixed or variable spread accounts. Variable spreads for major forex pairs such as EUR/USD start at 1.6 pips with the Silver account. Spreads get tighter with the Gold and Platinum accounts, going down to 0.6 pips. Fixed spreads are around 3 pips for EUR/USD with the Silver account. All assets are commission-free, except for stocks where charges range from 0.15% to 0.45% depending on the account.

LegacyFX Trading Platform

LegacyFX offers both the web-based and downloadable desktop versions of MT5, the successor to the popular MT4. The software complements all levels of experience but is a particular favourite among advanced traders.

Deposit & Withdrawal

The minimum deposit for a LegacyFX account is $500, while there is a maximum deposit of $10,000 with credit/debit cards. LegacyFX‘s website clearly states that withdrawals to credit cards can only be in the amount of the deposit from that particular card; the remainder will be wired to the client’s bank account. Clicking on Bank Wire Transfers returns the bank wire information, while all other buttons lead to a log-in screen. Legacy FX covers all deposit and withdrawal fees for transactions via major credit/debit cards, Skrill, Neteller, and bank wires above $200.

Customer Support

Support is available 24/5, and clients can either send an e-mail, call support, or engage with customer support via a live chat feature. The support staff is fluent in English, Arabic, and Russian. LegacyFX is reachable if needed, but most traders should never require this service.