Exness Kenya Review - Is Exness Kenya Fee-Free?
Exness is a multinational multi-asset broker that was the first retail trading broker to surpass $2 trillion in monthly trading volume. Its expansion into Sub-Saharan Africa is an integral component of their growth strategy.
The company provides online trading on its powerful trading platforms, MetaTrader 4 and MetaTrader 5. It is accessible on PC and mobile devices alike.
Exness' online trading platform provides access to a broad selection of currencies, cryptocurrencies, precious metals, energies and stocks - comparable to many major forex and CFD brokers.
Exness provides trading on more than 100 forex pairs, 30 cryptocurrencies, precious metals and energies. Furthermore, it provides CFD trading on an extensive selection of stocks and indices.
The broker provides various account types, such as standard and professional accounts, designed for traders of all experience levels and trading styles. Furthermore, it provides a demo account so clients can test strategies without risking actual market exposure.
Clients have the option to select from a range of leverage rates, from high margin rates up to 1:2000 depending on the agency and account type. Leverage can reduce capital requirements and enable more flexible management of trading strategies; however it should be used cautiously in order not to lose significant sums of money.
Kenyan traders have several deposit and withdrawal methods available to them, many of which can be accessed via Mpesa. While this makes trading with Exness easier for Kenyans, they should exercise caution if they are uncertain about the security of their financial details when using Mpesa deposits.
Exness offers Kenyan traders a selection of account types with various deposit and withdrawal options, as well as no commissions and spreads starting from 0.3 pips. On the other hand, their Pro Account provides raw spreads with variable commission structures per trade.
The broker's trading platforms are industry-recognized and can be downloaded free to PC or desktop devices or through web browsers. Both offer a selection of popular features like stop orders, auto-execution, and advanced technical analysis.
Exness' robust trading platform offers quick withdrawals with its instant deposit times and 24-hour processing of withdrawal requests. You can deposit funds using various payment methods, including M-Pesa.
Exness offers the latest MT4 and MT5 platforms, both desktop and mobile (the latter is compatible with most Android devices). Furthermore, Exness provides an MT4 WebTerminal - a browser-based version of your trader account - for added convenience.
Exness' trading fees and spreads are competitively priced. They offer two swap-free levels: Standard and Extended. During the overnight period, no swap fee is charged on XAU/USD, indices, cryptocurrencies, or stocks traded through Exness.
Client funds are stored in bank accounts with top-tier banks, separate from the broker's operational funds. Furthermore, Exness adheres to stringent regulations against money laundering and fraudulent activity.
Furthermore, all accounts are verified and regulated by Nymstar Ltd, which is authorized by the Seychelles FSA. While this regulatory body provides less stringent oversight than the EU or Australia does, it still requires brokers to keep client funds in segregated accounts and issue monthly statements to their clients.
Exness boasts outstanding customer support that is available 24/7 in both English and Chinese. Its team can answer questions regarding trading products, accounts, and services via email, phone call, live chat or help centre articles with useful advice for clients.
Convenient account opening
No matter your level of trading expertise, Exness' comprehensive trading platform is sure to meet your needs. It provides a range of account types and features like forex, metals, and CFDs; plus you can practice with an Exness demo account for free!
Establishing an account with Exness is a straightforward and speedy process. All you need to do is visit the website or mobile app and follow the provided instructions. When ready, complete verification by submitting an Economic Profile, Proof of Identity (POI), and Proof of Residence documents.
Once your verification process is complete, you can begin trading as soon as you make a deposit. However, in order to withdraw any money from your account, proof of identity and address must still be presented.
You can withdraw funds using various methods, such as credit cards and e-wallets. Alternatively, you can transfer them to another trader's Exness account. With a prepaid MasterCard with no fees attached - perfect for paying local businesses!
Exness offers a variety of ways to deposit and withdraw funds, as well as 24-hour client phone support and an extensive help centre. Their multilingual customer support team is accessible in 15 languages throughout the week, including weekends, to answer any queries you might have.
Exness is a leading retail forex broker with an expansive presence across Sub-Saharan Africa. Recently, it received license from Kenya's Capital Markets Authority to further expand its regional reach and build partnerships with top banks and financial institutions within the country. Exness has earned itself the trust and respect of both novice and experienced traders alike, offering high-quality customer service, competitive spreads, and speedy withdrawals.
Betterthanmarket conditions on the world’s financial markets
With the right combination of hardware and software, you can trade forex, indices, crypto currencies and stocks from your phone or laptop in the cloud. Exness Kenya fees are only around a dollar or two per trade so there's no risk to you during a trading session - plus you can trade from anywhere! Plus they have robust risk management and regulatory controls in place as well as an excellent customer service department that wants your success!
Always trade responsib
If you're searching for a Kenyan fee-free broker with superior market conditions on the world's financial markets, Exness is your ideal option. Their powerful trading platform can be accessed via web, mobile phone and download, so that traders can trade anytime. They offer various assets like cryptocurrency, indices and stocks too.
The company provides various account security tools, such as security types and a support PIN, which help shield your funds from hackers. Furthermore, they have a team of professional traders and experts dedicated to making sure your trading experience runs smoothly.
Exness' customer service team is accessible in 15 languages, and their help centre provides helpful information about trading, funding and more. Furthermore, Exness offers 24 hour coverage - day and night - of trading activities and funding requests.
They provide a free demo account for new customers, which is ideal for traders who want to test out their services before investing any real money. Furthermore, they boast several other advantages like low commission and an extensive selection of trading instruments.
For instance, they provide over 120 currency pairs and cryptocurrencies. Furthermore, they offer CFDs on indices and stocks.
Exness is an attractive choice for Kenyan traders due to its license from the Capital Markets Authority, indicating they take care of their clients' safety and profitability in the market. This endorsement from CMA shows Exness' commitment to excellence.
The broker is heavily regulated by multiple authorities and has a proven record of responsible behavior. However, its withdrawal from the UK/EU retail market amid tighter regulation poses some concern.