Price difference trading is a way to make money as a trader. You can also join the best MT4 broker as a partner. The broker has a great partnership program that lets you earn money by bringing new customers to the Exness platform.
How long does it take to get money back from Exness Pakistan?
Exness Pakistan supports a considerable number of ways to pay. From the broker’s point of view, all withdrawals are handled immediately. But then it all depends on how you choose to pay. A client’s account will be credited with money within one to fourteen working days.
How Legit Is Exness Pakistan?
Seven regulators keep an eye on Exness, including the Financial Conduct Authority and the Financial Services Commission in the UK. The company has decided to leave the European Union (EU) and European Economic Area (EEA) countries in 2019. Even though it didn’t say why we think it’s because of the strict rules of MiFID II.
It is one of the few Forex and CFD brokers whose website shows how much money they trade each month. Since 2010, it has been putting out these numbers. Looking more closely, you can see that the company’s average trading volume is more than $600 billion, making it one of the biggest companies in its field.
Exness also shares how many active customers it has each month. As of May 2021, the company had more than 207,000 customers from all over the world who were still using its services. That was a big jump from January 2010, when there were only 553 customers.
The company also puts out information about customer withdrawals and rewards for partners. Looking at the metrics more closely, you can see that it stopped publishing the last two in 2020.
Compliance And Safety
It is essential to work with a broker who is licensed. For one thing, it helps ensure that a reputable organization oversees the broker you work with. It is also a meaningful way to stay away from Forex scams online. You can also find out if the broker has been talked about badly, blocked, or told to pay a fine. Even though Exness stopped doing business in the UK and EEA, the FCA and CySEC are still listed as its regulators.
Fees
Exness charges different prices for each type of account you choose. Customers can make two main types of accounts with Exness: professional and standard. The standard version doesn’t charge a fee for each trade. Instead, it has a spread that starts at 0.3 pips.
There are three professional accounts: Raw Spread, Zero, and Pro. The raw spread account and the Zero account charge a commission that starts at $3.5 per lot. The pro account does not charge a commission. The pro account doesn’t have a commission. Instead, it has a spread that starts at 0.1 pips.
On a standard account, the EUR/USD spread is usually one pip, and the USD/CAD spread is usually 2.2 pip.
On the standard account, the spreads for other assets are different. For example, the average distance for silver is 5.4 cents, while the middle space for gold against the euro is 49.3 cents.
The way the Raw Spread account prices things is a bit diversified from the other two. The average spread for currency pairs like AUD/USD and NZD/USD is 0.2 and 0.5, respectively. Also, it charges a commission of $3.5 per lot. Shares traded in the Raw Spread account don’t have fees, but the spreads can be anywhere from 0.5 to 5.7 pips.
Leverage
Leverage is the amount of money a trader’s broker gives them to help them make the most of their trades. A higher leverage ratio can help traders earn more money, but it also puts them at risk if the works go against them. Because of this, the most significant regulators in Europe and Australia have limited leverage to no more than 1:30.
Since Exness doesn’t serve Europe, the company has some of the most powerful leverage. The most power that can be used on its standard accounts is 1:2000.
Types Of Accounts
Standard and professional accounts are the two main types of accounts on Exness. After that, the standard account is split into MetaTrader 4 and MetaTrader 5. There are two types of accounts for MetaTrader 4: Standard and Standard Cent. Because micro-lots are possible with the Standard Cent, it is better for starting traders. The most leverage it can use is 1:2000. There is no commission on a standard account. Instead, the spread is how the broker makes their money.
