Is Exness scam or legit forex brokers
Forex trading has taken over the other forms of trading in terms of profit generation across the globe.
It is also called the fastest growing and highest profit-generating niche in the world of online trade.
And when we talk about forex, the name Exness cannot be missed. It is a globally recognized brokerage house that came into being in the mid of 2008 by the expert minds of finance and information technology. From then to now, the firm has continued to aid forex traders in boosting their profit generation up to the possible extent.
The nature of the firm enables the consumer to get benefited from its features worldwide. It means a person living in any part of the world can enjoy the tailored services that include financial services and trading/ investing solutions of the firm without owning the citizenship of a specific area in actuality, which is nothing but icing on the cake.
However, one definite question that arises in an individual’s mind whenever shaking hands with a brokerage house is its legitimacy and legality. Thus the case is the same with Exness as well.
“So is Exness safe and legit to trade with? Or is it nothing else but a scam?” well! Keep reading to find the correct answer to this question as we present the firm’s ultimate and honest review. Hence, without any further due, let’s just directly jump into the article.
Is Exness legit or just a scam?
Well! Exness brokers are not a scam. Which means it is a legit firm and completely safe to trade with. But how are we so sure to say this? We are because we have found out a decent number of reasons for saying so.
And what we want is to present those reasons in front of our readers as well to make them rest assured that they are choosing the right broker firm. Thus, have a look at some of the many reasons.
Reasons that make Exness a legal brokerage firm
It is huge in size
The first and the foremost reason proof Exness is a legit firm that they are huge in size. Let’s elaborate on this phenomenon in a bit more detail. So, the current trade volume of the firm is 785 billion USD dollars every month.
On the contrary, the monthly trade volume of its competitor firm is 400 billion US dollars, which means that the Exness corporation generates double net income than that of its biggest competitor. Thus a broker so huge in size cannot be a scammer. Moreover, the firm showcases all of its financial records on its official website, explaining the scene.
The law aligns it
The second most important reason on the list is its regulatory status . it is a fully regulated firm that has got its license by CySEC (Cyprus Security and Exchange Commission) and FCA ( Financial Conduct Authority). And we all know that both of these are the most trusted and reputed regulatory authorities in the forex trading market.
Furthermore, the firm makes sure to take a legal license from a local governing body of the state before opening a new branch in any country across the globe.
Not only this, but the firm also promises to provide complete transparency of the transaction. But if you still get scammed by the firm, the regulations will make sure that all of your money is compensated as soon as possible. Thus one can trust the company with blind eyes.
It has an efficient and speedy withdrawal process.
The high chances of scams arise in firms where the withdrawal processes are time-consuming and complicated. However, the case is entirely different at Exness.
The withdrawal process at Exness is very user-friendly plus instant. So now, no need to waiting in a queue for days and days to get the money in your hand. Instead, it is done in minimum possible time ( the withdrawal process of exness is included in some top fastest withdrawal processes within the forex trading market.
In addition, the whole process is automatic and is done without any human interference. Thus one could always expect complete transparency throughout the withdrawal processes.
It is an award-winning firm.
Awards are something that makes a firm more credible and helps it to build goodwill in the market. The awards are always given to a firm only after fully examining and testing in all possible ways.
And when it comes to Exness, the firm has won some significant awards in such a short span after its launch ( in 12 years).
These awards include the award of customer satisfaction and information technology. Thus we can rest assure the legality and legitimacy of the firm up to a certain extent.
No minimum deposit is asked.
Asking a huge sum of money in the form of a “Minimum Deposit” is one major way of scamming. However, the Exness corporation does not work in the same way.
The firm has four main types of live trading accounts to offer, i.e., “Cent account,” Mini account,” Classic account,” and lastly, ” the ECN account.” And two accounts out of these four do not possess any minimum deposits at all. It means you can invest the sum of money as an initial deposit of your choice.
In the nutshell
On the bottom line, the Exness brokers have managed to build goodwill and gain a respected position in the forex trade market in 12 years only.
Their diversity of accounts, low spread rates, minimum deposit policy, speedy customer support service, low fee charges on trading operations, transparency of trading are some of the best services that have helped the firm observe the massive boost.
Furthermore, the firm is completely legit to trade and has not been observed creating any scams to date. So if you are the one who is thinking of shaking hands with the firm, you can see with blind eyes. Rest, we wish you the best of luck!
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