Exness Malaysia has a good trading environment and is licensed by a reputable organization, the FCA. The mainstay of MetaTrader technology gives traders good research, education, and analysis.
On the other hand, there are some limits to the products offered, such as the fact that the only trading instruments are Forex and CFDs and that there are no multi-currency accounts and different proposals for each country.
10 Points Summary
🏢 Headquarters Cyprus, UK, and Seychelles
🗺️ Regulation and License SFSA, CBCS, FSC, FSCA
🖥 Platforms MT4, MT5
📉 Instruments Forex, Metals, Indices and Energies, Cryptocurrencies
💰 Costs 1.2 pips
🎮 Demo Account Available
💳 Minimum deposit of 10$
💰 Base currencies USD and EUR
📚 Education Exness Academy with Learning and technical analysis
☎ Customer Support 24/7
Along with its extended business history, Exness has won many awards and has been recognized for its success in many different ways, such as customer satisfaction, trading technology, and overall rankings.
The Exness is also involved in social life and is a valued sponsorship partner with several organizations. At the moment, Exness is proud to sponsor Real Madrid, the best football team in the world, and Cristiano Ronaldo, the best football player in the world.
Is Exness Malaysia a scam or safe?
No, Exness Malaysia is not a scam. It follows the laws of the countries it operates in and is licensed by the FSCA South Africa to offer low-risk Forex and CFDs. Click here to check out Axiory, which also gives traders access to the CFDs market.
Is Exness legit?
Exness Malaysia is entirely legal because it has offices in many countries and is regulated by the proper local authorities. It is also well-known and respected in the industry.
So, the broker was allowed to offer financial products or services in the above countries and other EEA countries as part of its business. Also, there is a license from offshore Seychelles, which is more of a registration than a serious regulation, but other charges from reputable authorities make things and Exness reliable.
How do you stay safe?
There are good layers of protection, including customer protection, money segregation, and participation in an investor compensation fund or scheme. This is because operational standards are set based on what the government wants. Exness Malaysia is registered and can provide services across borders with permission from different European authorities, making its operating standards very reasonable.
Like most Forex brokers, Exness lets you use leverage, increasing your chances of making money by starting with more money in your account.
The amount of leverage you can use depends on the instrument you trade, as well as on the rules set by regulators and your level of skill.
Since FCA and CySEC, along with the European directive MiFID, have made it much harder to use leverage, the most leverage a retail trader can use is
- 1:30 for significant currencies
- 1:20 for minor ones
- 1:10 for commodities.
Yet, a global company like Exness might let you use much higher leverage ratios, up to 1:1000, based on where you are from.
And, of course, you should always learn how to use leverage correctly since leverage can increase your potential losses and is a different feature of different instruments.
Types Of Accounts
There are more than 80 different currency options for the accounts, and the company has instant payment options. The Standard Cent Account is excellent for smaller traders, and the Standard Account and Professional ECN Account offer raw spreads and charge commissions per trade.
You can also open a demo account to try out trading strategies or a live account to trade in the real forex markets. But traders in different parts of the world may have to deal with varying options of account based on regulations and compliance.
What we think is remarkable is that extra features give Exness customers a chance to compete and win valuable prizes in the company’s periodic Forex trading contests. But traders from certain countries should check the official website to see if they can participate and if they can do so.
The prices at Exness are reasonable, and the Exness spreads and commissions for ECN accounts are low.