Exness Kenya Review - Is Exness Kenya a Good Forex Broker?
Exness Kenya is a widely-used broker, offering accounts suitable for both novice and experienced traders alike. It boasts excellent customer support with 13 languages spoken and live chat available 24/7.
The broker provides trading on a selection of markets and 107 currency pairs. Traders can deposit and withdraw funds using credit/debit cards, e-wallets, mobile payments, and more for convenience.
Unlimited leverage
Exness is one of the world's premier Forex brokers and offers various account types. Standard and Professional accounts can be opened via both MT4 and MT5 trading platforms.
The Standard account is a basic option that offers traders access to various markets, while the Pro account caters more towards high volume traders. Both accounts feature zero pip spreads on popular currency pairs as well as industry standard commissions of around 7 USD round-turn.
Exness offers a broad selection of forex and CFD instruments, as well as stocks, indices, shares, and cryptocurrencies. Stock CFDs available include the NASDAQ, S&P500, FTSE100 and Nikkei index.
Energy and metals investors have plenty of choices, including contracts for both Brent and WTI oil. While the asset range may be somewhat limited compared to some other brokers, it should still be sufficient for most traders.
Leverage is not available on all trading accounts, but it's an invaluable feature for experienced traders looking to test out different strategies and positions. In order to qualify, you must close 10 orders with a total value of 500 cent lots across all your real trading accounts within your Personal Area.
Another unique aspect of this broker is its leverage customization option, which allows you to set the optimal leverage based on your currency pair and equity. This can be an excellent way for new traders to begin trading forex without risking their entire bankroll.
Exness is a well-established online forex and CFD broker that offers various account types, spreads, and features. It's regulated in multiple jurisdictions and accepts traders from many countries.
Opening an Exness account requires only US$1 and there are various account types to choose from, with the most popular being the Standard Account which offers maximum leverage of 1:2000 and a minimal trading volume of 0.01 lots.
Minimum deposit
Exness Kenya is a Forex broker that offers various account types to traders. Their accounts come with features like low spreads and competitive commission rates, plus they provide demo accounts so you can practice trading without risking any money.
Deposit funds into your account with a variety of methods, from e-wallets to credit and debit cards. However, some payment options may come with additional fees. For instance, if you are funding your account from Kenyan dollars through M-Pesa, some brokers may charge a conversion fee when the money is converted into Kenyan shillings (KES).
M-Pesa is one of the most popular mobile payment systems in Kenya, making it simple to deposit or withdraw funds with your phone. All that's required is entering your registered mobile number with country code (254 for Kenya and 254 for Tanzania), followed by any required security code (such as *.).
To begin the deposit process, click on the Pay button in your personal area and then select which trading account you would like to top up. Submit the required amount of money into the appropriate fields before clicking Continue. Upon completing your transaction, a confirmation page will appear and an SMS will be sent directly to your phone.
Once you've completed the registration process, you can start trading real-time on the Exness Kenya platform. You have full control over your account and the minimum lot size is just 0.01.
Exness Kenya provides a range of account types suitable for traders of all skill levels. These include the Standard Account, Standard Cent Account and Pro Account.
The Standard Cent account is a commission-free option suitable for all traders. It features stable Exness spreads, no requotes and fast market execution.
Additionally, this account supports both MetaTrader 4 and MetaTrader 5. Furthermore, it offers an unlimited demo account so you can try out the trading platform without risking any money.
Exness Kenya provides a range of account types, such as professional, raw spread and zero spread accounts. Each has different leverage options with the professional having more leverage than either raw spread or zero spread accounts. The zero spread account requires a minimum deposit of 500 USD plus 3.50 USD commission while the raw spread account requires only $100 minimum deposit and fixed commission rate.
Minimum trade
Exness Kenya provides traders with a range of trading accounts, some suitable for beginners and others suited to experienced investors. There are standard and professional accounts with different minimum deposits. Furthermore, the broker provides free demo accounts so traders can test its platform without risking any money.
Traders can deposit and withdraw funds using a variety of payment methods such as local banks, internet transfers, mobile payments, e-wallets and credit cards; though some may charge fees for using them.
To start, log into your Personal Area and select a payment method available in your region. Alternatively, filter the available payment methods by only offering instant ones. After selecting an option, proceed to the next step.
Leverage rules are straightforward and unambiguous: you must trade only a portion of the total amount you deposit, or else risk having your account closed by the broker. This can be an effective strategy to limit losses and build your trading capital.
However, it's essential to be aware of the risks involved with forex and CFD trading. You could potentially lose all of your initial investment in one trading day if the market moves against you, plus there could be a swap fee charged for keeping your position open past market closing time.
On major pairs like EURUSD, you may need to pay a commission of up to $0.2 per side lot. While this is usually not an issue for experienced traders, it could prove costly for beginners.
There is also the option of using a Zero Account, which offers fixed spreads of 0.0 pips for 95% of trading day and no leverage limit. This makes it ideal for those wanting to trade on margin without paying high commissions and fees associated with other accounts.
Exness Kenya is a reputable broker that adheres to multiple regulatory bodies. With offices around the world, including Limassol, Cyprus; London, United Kingdom; Seychelles; Curacao; and British Virgin Islands, Exness offers its products and services in 14 languages via PC or desktop devices as well as most major web browsers.
Minimum withdrawal
Exness Kenya is widely regarded as one of the top forex brokers in Africa, having been licensed and regulated by several international authorities such as the Financial Services Authority (FSA) in Seychelles and Central Bank of Curacao and Sint Maarten (CBCS). This ensures client funds remain secure at all times.
They offer a range of payment methods, such as bank transfer, credit cards and e-wallets. You can fund your account with these methods at any time - day or night!
When making a withdrawal, make sure the bank or payment system you utilize doesn't charge you an additional fee. Additionally, check the maximum time needed for processing transactions; this may differ between methods.
To withdraw money from an Exness account, first log in to your Personal Area and select the desired currency and deposit amount. Finally, click "Confirm," and the money will be automatically deposited into your bank account.
Another way to deposit funds is with M-Pesa. This convenient and secure service requires you to provide a copy of your ID for depositing and withdrawing money from your account. Alternatively, credit cards or PayPal can also be used.
Once your identity and address have been verified, Exness Kenya allows you to start trading. Please be aware that the broker requires verification of personal details within 30 days of account registration; if not met, all deposits, transfers, and trading functions will be suspended.
For instance, if you fail to provide a valid ID or address document within this time period, Exness Kenya will be unable to fund your account. If you are uncertain as to whether you can complete the verification process, speak with an Exness customer support representative in your region for assistance.
Exness offers a range of trading platforms to suit the needs of all traders. The MetaTrader 4 platform, for instance, provides Kenyan traders with an extensive selection of tools. It's accessible on desktop and mobile devices and supports multiple languages. Plus, its built-in indicators and other features like Instant Execution and Market Execution let traders customize their experience according to their individual style and strategy.