Exness Kenya Standard Account
Exness Kenya provides a selection of deposit and withdrawal methods. These include local Kenyan options, as well as e-wallets and credit/debit cards.
The website is user-friendly with plenty of information and the account creation process was quick. Unfortunately, customer support is lacking as it relies solely on live chat for assistance.
Exness offers a selection of accounts to trade forex, cryptos, energies, precious metals and indices. These include commission-free, commission-based and spread accounts. Furthermore, Exness supports multiple payment methods including cards, e-wallets and online bank transfers.
Before opening an account with Exness, you must first complete the verification process. This involves providing proof of identity and address as well as filling out a short questionnaire about your economic profile. These results will then be used to authenticate the account. Once this step is complete, you can deposit and withdraw funds from your Exness balance.
For Exness Kenya standard accounts, the minimum required deposit is either $10 or NGN depending on your payment method. Withdrawals from these accounts take up to 24 hours via online transfer to a Nigerian bank account; withdrawals from e-wallets and bank cards may take up to 5 business days.
You can make a deposit using your personal account number and currency. However, please be aware that the exchange rate will be applied at the time of your transaction.
Once you've selected a payment method, log into your Exness Personal Area and confirm the transaction by providing either an email or SMS verification code. Afterward, your deposit will be processed quickly and reflected in your Exness account.
Exness is a regulated broker that offers several deposit and withdrawal methods, including Mpesa. This convenient option helps fund your account quickly so you can start trading right away. Unfortunately, the service may not always be available; occasionally the option may disappear from Exness' website and another deposit option must be found instead.
Exness Kenya provides Kenyan traders with a choice of account types, enabling them to pick the one best suited to their requirements. These include:
1) Standard Account: This account type is ideal for beginner and casual traders as it offers no commission trades, spreads from 0.3 pips, and unlimited leverage. Plus, it has negative balance protection which helps minimize the risk of losing more money than deposited.
This account is accessible across all trading platforms and offers zero spreads for Forex, metals, cryptocurrencies, energies and stocks. The minimum deposit required is $10 with a maximum leverage of 1:2000; its main disadvantage being only supporting MT4 with an additional minimum trading lot size requirement of 0.01 in addition to the fixed minimum and maximum lot sizes.
2) Professional Account: The Professional Account offers no spreads for 30 major instruments, but commission charges start at $0.2 per side lot on Raw Spread and go up to $3.5 per side lot when trading major pairs like EURUSD. Furthermore, overnight positions incur swap fees which make this account more costly than its cheaper counterpart - the Zero Account.
The Professional Account offers a maximum leverage of 1:2000, making it suitable for high-risk investors. Furthermore, it provides real-time market data and numerous analytical tools.
Customer support at This company is top-notch, offering assistance in 13 languages via email and phone. Furthermore, it advertises its availability on its website as well as social media channels like Facebook, Twitter, and WhatsApp.
Furthermore, Kenyan traders can access their accounts from any location with an internet connection through the mobile app. Available for both Android and iOS devices, this app enables traders to receive push notifications of important events.
Exness is regulated by the Financial Conduct Authority (FCA) in the UK and a member of the Financial Commission. Client funds are kept segregated at highly reputable banks and institutions throughout its operating areas. As a forex broker, Exness offers various trading instruments. Its website is translated into 18 languages, while customer service is available 24/7 in 13 different dialects.
Exness Kenya Standard account is perfect for traders seeking a straightforward trading experience. It offers low spreads, no commission trades and unlimited leverage. Plus it has various payment options as well as support for most popular banking methods for withdrawals.
Exness is a multi-asset broker offering 98 currency pairs, indices, stocks and cryptos as CFDs. Furthermore, they provide access to educational materials as well as client phone support.
This website offers comprehensive knowledge on CFDs and available assets, as well as helpful trading tips. Its educational section is supplemented by an analysis blog that offers insightful market analysis across a range of topics.
Exness provides education as well as a selection of trading platforms and account types. The MetaTrader 4 platform, for instance, comes equipped with plenty of tools and features that Kenyan traders can use to identify entry and exit points, as well as recognize trends in the markets. It's user-friendly with built-in indicators plus expert advisors for automated trading on the terminal.
Furthermore, the company provides an in-depth market research section and trading calendar with daily videos and news updates about upcoming events. This is a great source of information for those new to the market who want to stay abreast of all financial developments.
The broker also offers Pro accounts with minimum commission-free spreads of 0.6 pips and Zero accounts that have no spreads across 30 currency pairs for 95 percent of trading day. Traders can deposit and withdraw money using various banking methods, including major credit cards as well as e-wallets like Skrill or Neteller.
Exness was founded in 2008 and holds regulatory licenses from the United Kingdom, Cyprus, Seychelles, and South Africa. Their CEO and founder Petr Valov is passionate about transparency in business as well as Corporate Social Responsibility. He takes great care to guarantee employees and clients are treated with respect.
Exness Kenya standard account is one of many accounts Kenyan traders can select from. It requires a minimum deposit of $10 and provides negative balance protection. Furthermore, this account offers unlimited leverage with an allowed maximum lot size of 200 lots.
Exness offers a wide selection of trading instruments, such as Forex pairs, CFD shares and commodities. Furthermore, the broker supports multiple cryptocurrencies including Bitcoin. Furthermore, Exness supports over 100 exchanges worldwide with an extensive portfolio of currency pairs.
Exness offers traders the convenience of placing orders, accessing real-time charts and monitoring market activity through its website or mobile app. Its customer support is available 24/7 in 13 languages, while its mobile applications offer push alerts as well as the capability to communicate with other traders.
Kenyan traders can access their portfolios and accounts on the go through Exness' Android and iOS mobile apps. Plus, they can get support and advice from a live chat agent or via email.
The broker places great emphasis on security and transparency. It holds multiple licenses and is regulated across a number of regions, such as the United Kingdom and Cyprus.
Leverage limits vary based on the underlying instrument. Major currencies like EUR/USD have a maximum leverage limit of 30x; non-major currency pairs, gold and non-commodity indices have a leverage limit of 20x.
Trading with unlimited leverage can be a lucrative opportunity to make more money, but it also entails risks. Therefore, it is essential to determine your risk tolerance before engaging in this level of trading.
Another factor to consider is whether you want to trade using the same leverage every time or whether a different size should be used each time. The latter option may make managing risk easier, but you need to take into account your trading style and personal objectives before determining which size works best for you.
Exness offers three account types: Zero account, Raw Spread account and Pro account. Each differs in terms of leverage, spreads and commission charges; the Zero account offers the lowest spreads at 95% of trading days while Raw Spread and Pro accounts offer higher spreads and costlier commission charges.