Is Exness a Good Broker for Kenyan Traders?
Exness has quickly earned the trust of Kenyan traders as a reliable forex and CFD broker with excellent customer support, numerous trading platforms, low minimum deposits, and an extensive selection of indices and currencies.
The broker accepts a variety of withdrawal and deposit methods, such as credit cards, e-wallets, and other payment systems. Furthermore, South African ZAR can be used as an account currency.
Online CFD trading
If you are an aspirant trader, Exness is one of the ideal brokers for you. Their trading platform features superior market conditions on global financial markets, multiple account types and comprehensive toolsets.
They offer a comprehensive trading app that lets you trade on the go. Available for iOS and Android devices, this means you can access your account from anywhere. With just one click, open positions, view price charts, track trading activity - plus receive funds instantly!
Their customer service is excellent, providing 24/7 assistance in English, Chinese and Thai - as well as a host of other languages. They provide phone, chat and email support, plus live market news that could give you an edge on your next trade.
Starting is simple with no minimum deposit needed. You can use a variety of payment methods like credit cards, bank wire transfers, Neteller and Skrill; however you must verify your account before adding any money to it.
Spreads on most accounts are typically tight, though they can vary depending on the account type selected. Traders have three account options: Standard Cent, Pro and Zero (0) Spread accounts - with charges starting at 0.3 pips on the Standard Cent Account and 0.1 pips for Pro Account clients.
They offer a selection of deposit and withdrawal methods tailored to Kenyan traders, with Mpesa being the most popular. This makes deposits and withdrawals fast so you can focus on your trading activities.
The platform is user-friendly and straightforward to use, featuring a range of analytical tools as well as customisable charts and graphs. It makes an ideal choice for both experienced traders and novice investors alike.
CFDs (Contract For Difference) are investments that allow you to speculate on the future value of an asset. You have two choices: buy long (the asset price will go up) or short (it will go down), depending on your preferences and risk tolerance.
If you're searching for a forex and CFD trading provider with offices around the world, Exness is an ideal option. Its MetaTrader 4 and 5 platforms are among the most advanced available, making Exness an ideal choice even for novice investors thanks to its educational blog and video updates.
Trade CFDs on the MetaTrader 5
Trading CFDs on the MetaTrader 5 platform is an excellent way to profit from the financial market. It provides a multitude of advantages, such as an extensive library of technical analysis tools and flexible leverage for trading currencies, stocks and indices.
The MT5 trading platform is a popular choice for many traders, particularly those seeking to diversify their portfolios and trade multiple assets. Furthermore, MT5 can be beneficial both to novice and more experienced investors alike.
It offers an impressive range of trading tools and features, including over 80 technical indicators and 44 graphical objects. Furthermore, it provides 21 time frames as well as the capacity to open 100 charts simultaneously.
MetaTrader 5 platform's real-time fundamental analysis capabilities are another advantageous aspect, which examines how economic, social and political elements impact an asset's price. This helps traders comprehend market dynamics and avoid being surprised by unexpected events.
MetaTrader 5 provides a number of useful features that can assist traders in reaching their objectives, such as take profits and stop losses. These orders automatically close your positions when they hit either an established profit level or loss.
They can be particularly beneficial if you're trying to stay committed to your strategy, as they prevent you from getting carried away with a winning position and losing capital. Unfortunately, they're not guaranteed effective and may slippage occur if the market gaps over your stop loss amount.
Before beginning trading, it is wise to open a demo account. This will give you the chance to practice with real markets and become familiar with MT5's workings. Doing this can save time and money in the long run.
Furthermore, you can utilize trading robots and signals to automate your trading process. Doing so helps maximize efficiency and boost profitability.
MetaTrader 5 allows for the opening of multiple accounts, which can be an advantageous option for traders looking to trade across multiple platforms. Doing this gives traders access to more markets and allows them to make informed decisions.
Trade CFDs on the Exness Trade app
Experienced traders or novices alike will find Exness the perfect broker to trade CFDs with. Their mobile app makes managing your account, depositing and withdrawing funds on-the-go a breeze, plus they provide economic news features in multiple languages.
Exness offers traders the unique advantage of opening a demo account to test their strategies without risking actual money. Furthermore, the platform provides access to numerous assets like Forex, cryptocurrencies, metals and energy - perfect for traders with different investment goals!
Exness is licensed in multiple countries and offers a selection of accounts tailored to traders with various levels of expertise and trading styles. Their MetaTrader 4 and MT5 platforms have been carefully developed with industry-standard data privacy, cutting-edge encryptions, and secure logins that comply with local data privacy laws.
Exness provides its customers with a robust platform as well as several additional services, including an economic calendar and daily video on upcoming market events. These features are free of charge and can help new traders make better informed decisions.
Exness is a well-regulated broker with the support of financial authorities around the world. Additionally, it's a member of the Financial Commission, providing its clients with protection in case there are any disputes with Exness.
With Exness, you can trade CFDs on a wide selection of currencies and assets such as gold, silver, platinum, and palladium through their Trade app or MT4 platform.
MetaTrader 4 platform is accessible for all account types and enables CFD trading on an extensive selection of financial instruments. This makes it simple to construct your own trading strategy and execute it, plus identify entry and exit points using multiple tools simultaneously.
On MT4, you have access to an expansive selection of currency pairs. These include major and minor, as well as exotic ones. Plus, you can trade on popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin!
Exness also offers a Swap-Free account for Muslim traders residing in Islamic countries. During registration, you have the option to switch to this type of account if you feel uneasy with swaps. Furthermore, this account features competitive spreads and an affordable minimum deposit requirement.
Always trade responsib
As a trader, you must always weigh the risks and rewards associated with CFD trading. Therefore, conduct due diligence and make sure your chosen broker is licensed and provides all necessary protections.
Furthermore, you should ensure you select the appropriate trading style and understand how much risk you can afford to take. Furthermore, set a stop loss to safeguard your investments from losses.
Remember, CFDs are leveraged products and can be highly volatile, meaning you could potentially lose all of your initial investment. Therefore, novice traders are advised to utilize a low-leverage account and only trade with funds they can afford to lose.
Exness has been in business for twelve years and earned itself a worldwide reputation by adhering to all relevant regulations. With offices located throughout Europe (EEA), Exness operates multiple subsidiaries that are regulated by local authorities.
Exness offers its customers a selection of accounts, such as commission-free and spread options. Furthermore, it provides Kenyan traders with multiple payment methods to choose from.
Customer support at Viibha offers 24-hour coverage in English, Chinese and Thai. You can reach them through their help center on the website as well as email and telephone.
Exness offers an impressive selection of trading instruments and tools, making it suitable for both beginner and experienced investors alike. Its MT4 and MT5 platforms boast many useful features that are compatible across all devices.
Furthermore, the broker accepts a variety of payment methods, such as bank cards, Bitcoin, SticPay, Tether, Perfect Money, Neteller, Skrill and WebMoney. These options make withdrawing funds quick and effortless - just add funds!
Exness has recently restructured its operations, shifting away from primarily retail sales to B2B and corporate services. Furthermore, Exness is expanding into Africa with the acquisition of an FX brokerage license in Kenya in 2018.