Exness Trading Company has secured the second spot among the 350 featured companies reviewed in the Traders Union Forex Broker Ranking 2023.
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The platform clinched an impressive TU Overall Score of 9.71, placing next to Roboforex which scored 9.78.
In a remarkable feat, it has outpaced well-established brokerage firms such as Tickmill, FxPro, and Pocket Option during the rigorous evaluation process.
Established 15 years ago, Exness.com has cultivated a reputation for unwavering reliability. Its notable achievement as the fastest order execution provider among all the shortlisted brokers during the Traders Union Awards 2022 underscores its commitment to excellence.
It has an extensive offering of over 35 currencies, including major denominations like EUR and CHF, and popular ones like INR and ZAR.
Notably, it boasts one of the industry’s lowest minimum deposit requirements, a mere $1, making it an ideal entry point for novice traders.
When talking about leverage, Traders Union experts have highlighted Exness’s highly competitive offerings, commencing at an impressive 1:2000. This can potentially reach 1:unlimited under specific conditions, where clients open ten positions and trade a minimum of five lots for the regular account.
Furthermore, Exness excels with its tight spreads starting from a mere 0.3 pips, alongside a diverse array of tradable assets, including stocks, indices, commodities, Contract for Differences (CFDs), and cryptocurrencies.
On the other hand, investors should take note of the Exness no deposit bonus policy, to which traders do not receive a premium for funding their accounts.
Despite this lack, the platform has secured an impressive user satisfaction rating of 9.73 out of 10, coupled with a robust brand popularity score of 9.60. It also ranked well on regulation and safety, trading instruments, and customer support, but lagged behind in the rating that measures the presence of educational materials on Exness.com.
One of the broker’s distinguishing features is its provision of free VPS hosting, a boon for enhancing trading scalability and reliability. Moreover, Exness prides itself on an instant withdrawal system, allowing users the flexibility to access their funds at any time of day.
Exness’s noteworthy second-place ranking on Traders Union’s list serves as a testament to its legitimacy, considering the finance portal’s position as a trusted and impartial information hub within the Forex market.
Traders Union has been a respected source of trading insights since 2010, dedicated to offering comprehensive and unbiased reviews of international Forex brokerages since its inception.
As investors explore the security of their funds on Exness, Traders Union’s data substantiates its credibility.
The Exness group of companies holds major licenses from regulatory bodies such as the Financial Conduct Authority in the United Kingdom, Cyprus Securities and Exchange Commission in Cyprus, and the Financial Services Authority in the Seychelles.
Additionally, it has licenses to operate in Curacao, Saint Martin, British Virgin Islands, Mauritius, South Africa, and Kenya.
Exness achieves an impressive monthly turnover of $325 billion, thanks to its provision of favorable trading conditions, encompassing low commissions, rapid order execution, and instantaneous fund withdrawals.
An extensive user base, with 55% hailing from Thailand, 25% from Vietnam, and 3.66% in South Africa, underscores its global appeal. It has also successfully established a presence in key Forex markets, including Japan, Brazil, Kenya, India, and Egypt.
