By hiExness is one of the top brokers when it comes to minimum deposit requirements. There are currently many people looking to invest in the fore
- By hiExness is one of the top brokers when it comes to minimum deposit requirements. There are currently many people looking to invest in the forex market because of its accessibility and attractive features in light of the covid-19 restrictions and high inflation rates all over the work.
The choice of a broker is undoubtedly one of the most critical decisions a trader has to make when they start forex trading. Exness is one of the leading names for forex trading brokers, and that is for a very specific reason, Exness minimum deposit.
Offering competitive rates is crucial for brokers to survive in their market, and it feels like Exness has been able to do so. But how viable is it? Are there any drawbacks if you trade with Exness?
Read this article until the end, and you will find the answers to your question.
Introduction to Exness minimum deposit
Exness is a Cyprus-based broker that offers minimum deposit rates as low as just ten dollars for first-time users.
It is a regulated broker, but bear in mind it is not regulated by the FSCA, but the FCA and SFSA do regulate it, which means you’ll still be in safer hands If you trade with Exness compared to trading with an unregulated broker.
A 10$ opportunity for everyone
The Exness minimum deposit rates are open for every new user worldwide. So if it is your first time trading with Exness, you can avail this offer and start trading from just 10 dollars.
Minimum deposit rates
The Exness offers minimum deposit rates at ten dollars which equals 147R, and for Vietnamese users, it offers deposit rates at 15 dollars, 220R.
If any user needs some advanced features, they can go with the pro account offered by Exness starting at 200 USD, which is right around the average amount most brokers offer for their pro account.
Standard Non-Vietnamese account: 10 USD
Standard Vietnamese account: 15 USD
Pro Exness Account: 200 USD
Account sign-up is simpler, and some of the features depend on the user’s country of residence. Some features might not be able for some countries. Other than that, account signing up is very simple
- Go over to the Exness platform
- Provide the details required for signing up and wait for verification
- Deposit money and start trading
Some of the details may also vary depending upon your country of residence. Some users might be asked to provide passport information etc.
Ways to deposit money
Money can be deposited in several different currencies
CHF, and more.
There are also many ways to deposit money into your Exness account; it accepts a large number of vendors such as
- Internet Banking
- Bank Card
- Perfect Money
Many ways to deposit money are useful for people trading from around the world, especially people from the USA and people who are concerned about privacy can use services like Skrill.
You have to browse to instant payment options on the deposit page to deposit money instantly.
It still doesn’t support PayPal, which is used by a lot of people around the globe.
Withdrawals are seamless, and there aren’t any reported hiccups. There are no withdrawal fees. Sometimes some vendors would take fees, but the brokers cannot do anything about it.
So Exness doesn’t take any commission or payments when you deposit or withdraw money, but it depends on the mode of payment or withdrawal that you use.
Deposits and withdrawals can be executed throughout the week. If a deposit or withdrawal is not listed under instant execution, it will be processed within 24 hours.
You can deposit money into your account using different payment methods, but then your withdrawal ratio should also be in proportion to the funds deposited
To prevent money laundering, potential frauds, and scams like ither regulated brokers, Exness only allows users to transfer funds into personal accounts.
As such, Exness is a well-reputed broker in Forex circles so that users can throw their heads back and they don’t have to worry about their money going anywhere. Exness offers segregated account features and keeps the funds of users separately from the funds of the broker.
Regarding deposit currencies, it accepts a wide selection of majorly famous and smaller/weaker currencies. However, this selection will vary depending on the account type, although most traders depositing in smaller currencies like ZAR/Rand should avoid conversion fees.
Demo Account and Bonus features
A demo account with a combined the 10$ minimum deposit feature is a very good option for first-time traders. It assures them that even the small account of their deposit money in Exness isn’t at instant risk of loss.
Some other bonus features include,
- Islamic Account
- MT4 platform
- Low trading fees
- 24/7 account activation
- Low spreads
currently, the MT5 platform is limited to demo accounts
Is it a viable 10 dollar opportunity?
YES, combined with many other features that the broker offers you, you cannot go wrong with an Exness minimum deposit. For new and retail users, there are many opportunities where they can learn and invest a small amount of money and grow eventually.
Frequently asked questions
How long does it take to process a withdrawal from Exness?
When withdrawal methods are not categorized as instant, withdrawals will most likely be processed in 24 hours.
Does Exness minimum deposit offer Islamic account support?
Yes, you can use this feature with an interest-free Islamic account.
Can I make multiple accounts on Exness to avail of new account perks?
No, Exness verifies users and only allows one account per customer.
Exness minimum deposit is a great way to start forex trading at minimum resources and very few risk factors. If a user needs the basic features and isn’t trading on forex institutionally, they’ll be fine on the basic account. If you need to use advanced features, then we think there are better brokers on the market.