How to Get Your Exness Kenya Account Up and Running in 5 Steps

Oct 7, 2022 To start your trading journey with Exness, here is a five-step guide on how to set up your Exness account in five easy steps.

Exness is regulated by the UK Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), and Seychelles Financial Services Authority (FSA). They offer forex and CFD trading on numerous markets worldwide.

Step 1: Register

Exness Kenya is a regulated online forex broker that gives traders access to trade an extensive selection of financial instruments. The platform is user-friendly and perfect for anyone wanting to start trading forex. Plus, Exness Kenya provides various account types tailored towards different traders' needs.

To get started with Exness Kenya, simply register. It takes only minutes and allows for the creation of an account and personal area which can be accessed via password and verification code.

Once registered, you can begin depositing and withdrawing money using various methods such as debit and credit cards. Be aware that many of these options have minimum and maximum limits.

Before making a withdrawal, the broker requires proof of identity and residence. This helps guarantee that you are not engaging in fraudulence or other forms of deception.

Once these steps are completed, you can withdraw funds from your Exness account. After approval of your request, you'll receive confirmation via email and SMS of the transaction.

Exness is a reliable forex broker with licenses from multiple regulators around the world, safeguarding clients' assets. It has earned a stellar reputation for offering competitive service and superior trading experiences. Traders can choose between various account types - commission-free, commission-based or spread accounts - to suit their trading needs.

Step 2: Verify

Before you begin trading, it is essential to verify your account. This ensures that your account has been set up correctly and you are not a fraudulent trader. In order to do this, submit proof of identity (POI) and proof of residence (POR).

Initially, the process may seem complex but is straightforward once you get used to it. Once all verification steps have been completed, you're ready to start trading on your new Exness account! To do so, visit their website or download their mobile app for easy access.

In addition to the verification process, you must also fill out an Economic Profile in order to demonstrate your understanding of trading. This short questionnaire requires answers to several questions.

To maximize the benefit of this step, be sure to read all requirements and adhere to instructions closely. The Economic Profile consists of a series of questions about your financial background and trading experience that should impress the staff at Exness.

Exness accepts most government-issued ID documents, such as passports and national ID cards, for proof of identity. To expedite the process, you can upload a digital copy or take a picture of your identification document.

Remember, Exness accounts must be verified within 30 days. Otherwise, deposits and withdrawals will be disabled. In order to remind you of this timeline, the company may display a countdown timer at the top of your Personal Area to let you know how long there is until verification is complete.

Step 3: Deposit

Exness Kenya provides traders with a range of convenient deposit methods that let them fund their accounts quickly and easily. Popular ewallets like Skrill, Neteller and WebMoney can be used, as well as cryptowallets like Perfect Money and Bitcoin.

To fund your Exness account, log in to your Personal Area and choose the convenient option for you. You'll then be prompted to enter the amount desired, preferred currency and which trading account should receive it.

Once confirmed, you'll receive a verification code via SMS or email that must be entered to access your funds. Once done, your transaction will be complete.

When it comes to withdrawals, there are various methods available. Some are instant while others may take a few days for processing. When selecting which option works best for you, there's nothing wrong with taking some extra time!

Another helpful tip is to consult your bank or credit card provider about any fees they apply to deposits and withdrawals. These can add up to a considerable amount of money, particularly if making large withdrawals.

Once you deposit funds to Exness, they'll verify your account and allow you to start trading immediately. To do this, complete an Economic Profile and submit a valid form of ID. Afterwards, you can trade up to 50,000 USD in one account. Furthermore, be sure to adhere to their capital management rules which are essential in protecting funds since forex and CFDs are leveraged products that could result in large losses.

Step 4: Withdraw

Exness Kenya provides a range of deposit and withdrawal methods that are all instant with no fees attached, making funding your account (and cashing out profits) cheaper and simpler than with most other brokers.

Fund your trading account using any of the following payment methods: EPS, Webmoney, Perfect Money, Neteller, Skrill, BTC and bank cards. Additionally you can withdraw to a local bank account or use an e-wallet such as Mpesa to transfer funds.

When you're ready to make a withdrawal, log into your Personal Area and select the method of payment you wish to use. Generally, requests are processed instantly; however, it may take up to three working days for funds to appear in your account.

Once your deposit is confirmed, you can begin trading immediately. However, please remember that if you wish to withdraw any profits generated from trading, they must be taken out using the same payment method used when depositing them. In certain circumstances this rule may be waived upon account verification and with our payment specialists' guidance.

If you're uncertain which payment methods are best for your needs, consult the Electronic Payment System list in your Personal Area for guidance. Alternatively, combine different techniques to maximize your money and boost your winning chances.

Exness offers a selection of popular electronic wallets as well as local Kenyan payment methods like Mpesa and Wema. These services enable you to quickly deposit and withdraw funds in your home currency, though they come with their own limitations.

Step 5: Trade

Kenyan forex trading has seen a meteoric rise in popularity due to the proliferation of mobile devices. Its ease of use and convenience have allowed young traders to supplement their incomes or even start businesses. Before you embark on your trading journey, make sure that you select an established broker with a local license for legality.

Exness Kenya is a global multi-asset broker that offers trading services on various instruments and asset classes. It also utilizes cutting edge technology with ethical principles to give its clients an above-market trading experience.

Its cutting-edge servers are situated across multiple countries and abide by local data privacy laws. Furthermore, it offers a password-protected personal area and portal access for its clients that create an incredibly safe environment.

Traders have access to a vast array of assets, such as currencies, stocks, indices and cryptocurrencies. Plus the broker boasts an expansive education hub which can assist you in becoming successful on the markets.

MetaTrader 4 and 5 platforms from this company are feature-packed, user-friendly, and straightforward to use. Furthermore, you have access to an impressive library of research and charting tools.

Withdrawals are usually processed quickly and without any hassle. However, it's essential to remember that minimum withdrawal amounts vary by method; furthermore, withdrawing funds without first depositing them could result in a loss of funds.

Leverage is an integral element of successful forex trading strategies, but it can also prove a barrier. It amplifies profits and losses alike. To protect yourself, set a margin based on your account's leverage level.

Exness has recently received approval from the Capital Markets Authority of Kenya (CMA) to join a select group of brokers that have gained local licenses in recent years. These include EGM Securities Ltd, trading as FXPesa; SCFM Limited trading as Scope Markets; Pepperstone Markets Kenya Limited and Exinity.