Introduction
The forex market is one such platform that has gained popularity over recent years with offers like no-deposit bonus, welcome bonus that forex brokers offer for new traders without using their real money.
There are different types of bonuses that you can choose from, based on the preference; for example, offering bonuses for elite traders and beginners. Forex brokers offer them to help you pick the best broker to trust and boost your deposit.
Some forex brokers offer a matched deposit bonus, which means there is a free bonus provided after the initial deposit. They may also offer a no deposit bonus, which means you don’t need to make an initial deposit in order to get a bonus.
A Forex bonus is a promotional tool or cost-effective promotion, and many leading forex brokers offer it to entice new traders. Top forex brokers often suggest this option because it allows for forex trading without risking your capital.
Deposit Bonus
The deposit bonus is one of the most important parts of the broker’s service. It is one of the reasons why forex brokers are willing to give out these kinds of bonuses to attract traders. The best brokers make it very clear what the bonus is all about, how the bonus works, how long they will last, and when the bonus is going to be ended.
Two Types
Two types of forex deposit bonuses – a deposit bonus and a no deposit bonus.
A forex no deposit bonus is a complimentary bonus that is given to new users without the need to place a deposit. This allows new traders to see how things work before they risk any of their own money.
This bonus helps the novice and seasoned traders to utilize the bonus fund and develop an in-depth knowledge about the broker’s platform and its systems.
Initial Deposit Bonus
An initial deposit bonus is an extra amount of money added to the trader’s deposit after they have made their first deposit. Traders who make a higher first deposit are eligible for a bigger initial deposit bonus.
You should try to join the brokerage in the very beginning, and even before you make the first deposit. The broker will give you some extra cash as bonus money. This money can be used to boost your trading account, so you can trade with larger amounts than when you join an affiliate program.
You have to bear in mind that the brokers often list down a set of terms and conditions regarding the access to the bonuses and profits made. Some may set minimum/maximum consignment for the trading bonus, while others set specific rules for trading through the live account.
That is why forex bonuses list out the terms of conditions that you should be aware of before going ahead. In this article you will get quality content regarding Exness by Traders Union.
Exness Review
The Financial Conduct Authority (FCA) and the Financial Services Commission in the United Kingdom are two of the seven regulators that regulate Exness. The company decided to leave the EU and the European Economic Area (EEA) countries in 2019.
While it does not mention the reason, we believe it is because of the extensive MIFID II regulations. It is one of the few CFDs and Forex brokers that publishes its monthly trading volume on its website.
It was founded in 2009. A closer look shows that its average trading volume is more than $600 billion, making it one of the leading players in the industry.
Exness has over 200,000 active customers around the world. This is a very significant increase since it only had 5,000 customers in January 2010.
Exness uses an extensive list of social media platforms such as Facebook, Twitter and LinkedIn to help its customers and partners. It also holds trade shows every year to help improve its reputation among other partners.
Exness Overview
Exness is a Forex and CFD broker with operations in most countries except the United States, the United Kingdom, and the European Economic Area (EEA). Even though it does not provide retail services in the region, it is nevertheless regulated by the FCA and CySEC.
With over 100 currency pairs, 81 indices, 7 cryptocurrencies, and 12 metals and energies, it is easy to start trading with just $3. And with over 100 CFD products, there are no fees, no commissions, no spreads, and no stops.
Regulation and Security
Dealing with a regulated broker is essential. For one, it helps to ensure that the broker you’re dealing with is supervised by a credible agency. It’s also an important way to protect against online Forex scams.
A web browser can also help you see whether a broker is currently listed on another website. Exness still names the FCA and CySEC as its regulators, despite the fact that company no longer does business in the UK or the EEA. In confirming whether Exness is regulated by the said agencies, I visited its website and conducted a search.
Fees
A few things to know about fees. Fees may apply depending on your preferred account type (Professional vs Standard).
The standard account does not charge any commission per trade. Instead, it charges a spread that starts at 0.3 pips and goes up from there. Raw Spread, Zero, and Pro are the three types of professional accounts.
The raw spread account charges a small $3.5 commission that is in addition to your winnings. In addition to the spread, it offers the opportunity to get paid by having a Zero spread.
The EUR/USD trades with an average spread of 1 pip on the standard account. For other assets the spread varies.
We didn’t stop there. We looked at the average spread for currency majors using our live account during London and New York overlapping sessions.
There are many features on the MT4 which you may not know. One of the features that many traders don’t use is the market watch. It’s an added feature which allows us to see the spread in the charts. Click it if you wanna know more about Best forex deposit bonus.
Exchange
Exness is a platform for exchanging all products from all categories. It’s a platform where you’ll find the most interesting and useful products.
Forex Pro is a reputable broker that offers 107 currency pairs including major pairs such as USD/CAD, EUR/USD, and GBP/USD. It also offers exotic currency pairs such as AUD/NOK, AUD/PLN, AUD/SEK, and others.
These are good assets to start out with.
Leverage
Leverage is the primary reason why Exness was founded. It was started because most brokers offered up to 2:1 leverage and so they had to take more money from clients. We’ve done the math. We don’t believe in taking advantage of our clients, so we don’t offer up to 1:30 leverage or anything close to that.
Another term to know is the maximum leverage. It’s basically a measurement of your available credit based on your maximum equity. For example, if your maximum equity is $0 to $999, you can access unlimited leverage, but if your maximum equity is $200,000 and more, you can access a maximum leverage of 1:100.
This leverage can be used to trade any assets offered by Exness.
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