Exness Kenya Review
Exness Kenya is a highly reputable forex and CFD broker. It provides access to various trading instruments, such as forex, crypto-currencies, energies, metals, stocks, and indices.
Local traders have access to multiple payment methods through this broker, including internet transfers, mobile payments, e-wallets, credit cards and other local options. Furthermore, NGN (Naira) deposits and withdrawals are accepted by the firm.
Minimum lot size
Exness Kenya provides trading in a wide variety of financial instruments, such as forex, precious metals, energies and indices. Their trading platforms are accessible in multiple languages and they provide numerous payment methods for deposits and withdrawals.
They accept various currencies and provide various account types, such as standard or cent accounts, raw spreads, zero spreads and pro accounts. Furthermore, they accept Islamic trading.
The minimum lot size at OctaFX is quite low at 0.01 lots, making it an attractive option for traders looking to start trading with a small amount of capital. This price point is competitive with OctaFX's $25 minimum and IC Markets' $200 requirement.
No trading limits apply to any account type, meaning you can trade as much or little as desired without risking your entire portfolio. Furthermore, there is a negative balance protection policy which safeguards your funds should your trades fail.
Additionally, they provide several trading platforms so you can trade from home on any desktop or mobile device. This is an advantageous feature for those with hectic schedules who require to trade from their phone or tablet.
They provide a wealth of trading tools and educational materials to get you started. Furthermore, they offer a daily economic calendar as well as an interactive video with technical analysis so you can stay abreast of market developments.
If you're searching for a broker regulated by multiple top-tier regulators, Exness should be your top choice. Their offices in Seychelles make them members of the Financial Services and Markets Authority of Australia (FSCA).
They offer low-cost entry-level accounts and a broad selection of trading platforms, along with excellent customer support. However, their high leverage may be an obstacle for newer traders who may feel tempted to trade too aggressively. Furthermore, they charge swap fees when positions remain open past market closing time; so make sure you are aware of these charges prior to placing any trades.
Maximum lot size
Exness Kenya is an online broker that provides a broad selection of trading instruments and features. Furthermore, it supports various payment methods, enabling its users to quickly and conveniently withdraw their funds.
Traders have the choice of using several trading platforms, such as MetaTrader 4 and MT5. They can trade on any currency pair or commodity with a minimum lot size of 0.01 lots. Furthermore, the broker provides customers with an extensive range of spreads.
The broker's minimum deposit is $250, which is lower than most other brokers' minimum deposits of $300. Customer support is available 24/7 in 13 languages for traders from Thailand, South Africa, Singapore, Hong Kong, India, Norway, United Arab Emirates, Saudi Arabia Kuwait Qatar and beyond - making this an international broker that accepts traders from most countries around the world.
Exness Kenya provides several account types: 1) Zero Account: This account boasts the lowest spread available at 0.0 pips for 95% of trading day. It offers unlimited leverage and an unlimited number of open positions with a minimum trade lot size of 0.01 and maximum of 200.
Commission charges start from $0.2 per side lot and rise up to $3.5 per side ($7 per round turn) for major pairs like EURUSD. Furthermore, there is a swap fee applied if your position remains open past market closing time.
XAU/EUR: This gold and Euro pair is supported in Standard, Pro, Raw Spread and Zero accounts. It can be traded on both MT4 and MT5 platforms with an average spread starting at 6.9 points in Zero account. The stop level for all accounts is 50 points for Standard, Pro, Raw Spread accounts and 100 points in Zero accounts.
This forex pair is also offered in several other currencies, such as the British Pound (GBP), Swiss Franc (CHF), and Australian Dollar (AUD). The broker's trading platform is user-friendly with support for many popular indicators.
Exness Kenya offers the ideal trading platform, whether you're a novice or an experienced trader. Their cutting-edge software and cutting-edge technology help reduce trading risks while offering various accounts tailored to suit individual requirements.
Exness Kenya is a highly-rated forex and CFD broker that provides various payment methods for depositing and withdrawing funds. These include credit cards, bank wire transfers and several e-wallets which offer traders the convenience of instant withdrawals.
Trading with this platform has many advantages, such as providing a wide range of financial instruments tailored to your trading needs, an aggressive negative balance protection policy and flexible fees and commission structures. Plus they provide 24 hour customer support in 18 languages plus a secure environment that safeguards personal information and sensitive data.
Traders can open an account with Exness using any major banking card, Neteller, Skrill or Webmoney as funding methods. However, it's important to remember that certain fees and charges may apply depending on your chosen payment method.
Before opening an account, it's wise to verify if there are any limitations on how much can be deposited. Doing so can drastically enhance your trading experience. For instance, some brokers charge conversion commissions on funds deposited in other currencies and then converted into KES.
Another factor to consider is whether your broker's gateway charges an extra fee for funding and withdrawals via MPesa. This could pose a problem for some traders who rely on this as their primary method of depositing and withdrawing funds.
If you are a new trader, it is essential to remember the minimum deposit requirements for different account types. Standard accounts may have different minimum requirements depending on your payment method while Professional accounts have a fixed requirement starting at $200,000.
Selecting the ideal trading account is a critical decision for all forex traders, and finding an experienced broker that offers various platforms, competitive spreads, and various deposit and withdrawal methods is essential. There are many options to choose from - it's essential that you find one that meets all of your needs.
Exness Kenya provides two account types, Standard and Zero. The former allows traders to trade a wide range of financial instruments, while the latter is a zero spread account that charges only spreads on select tradeable instruments.
Exness Kenya provides traders with several methods for withdrawing their funds, such as local bank transfers and e-wallets. However, they should be aware that the minimum withdrawal amount will depend on the payment method chosen and may differ between brokers.
Before withdrawing funds, traders must ensure their Exness account is fully verified. This helps prevent money laundering and safeguards personal information. If the verification process isn't completed within 30 days of account registration, all deposits and trading capabilities will be suspended.
Exness Kenya requires a minimum withdrawal through their official channel of $10, which equates to 1 199 KES at the average exchange rate between the United States Dollar and Kenyan Shilling. Before making a withdrawal, traders are also asked for their economic profile as well as proof of identity and address.
This practice is a widely-accepted industry standard that safeguards clients against fraud and abuse. Furthermore, it enables the broker to offer more payment methods and better meet traders' needs.
Exness is licensed in multiple regions and accepts a variety of deposit and withdrawal methods, such as credit cards, e-wallets, and online payment systems like PayPal. Furthermore, their trading platforms support various currencies and instruments.
For instance, they offer Pro ECN Accounts with floating spreads and variable commission structures, as well as Exness Zero (0) Spread Accounts that eliminate spreads for 95% of trading day across 30 currency pairs (although you will pay a small commission per trade). Popular metals like gold can be traded using currency pairs like XAU/USD; there's even a useful spread comparison table available on the broker's website.
Exness is a trusted and reliable broker that offers traders an array of tradeable instruments, various account types, and high leverage levels. They are regulated by CySEC, FCA and the FSC in multiple jurisdictions and their client funds are held in segregated accounts at top-tier banks. Exness also provides negative balance protection as well as various trading services like demo accounts supporting all major MT4 and MT5 trading platforms.