In the ever-changing landscape of online forex trading, choosing the right broker is essential for achieving success.
Recently, the renowned finance portal Traders Union revealed its new Forex Broker Ranking after carefully analyzing 350 brokerage companies worldwide. These entities were evaluated based on more than 100 criteria, such as a test on how to open an account, their offered trading opportunities, and several client feedbacks posted on their websites.
Emerging in the top two is Exness trader, a reliable trading partner that adheres to all applicable terms and regulations. It received a TU Overall Ranking of 9.71 out of 10 and is greatly recommended by experts since the majority of reviews prove that the broker’s clients are fully satisfied with its services.
Among the great services provided by the company are free VPS hosting, instant withdrawal of money 24/7, segregated accounts, narrow spreads, and a Social Trading application where everyone can trade on their strategies. Customers love that Exness imposes no restrictions on strategies, and there are no requirements for minimum market transaction retention.
This Cyprus-based broker is also evaluated in the most influential parameters, including user satisfaction, regulation and safety, commissions and fees, trading instruments, brand popularity, customer support, and education, and received great scores of 9.73, 8.70, 8.79, 8.02, 9.60, 7.73, and 4.82, respectively.
Exness offers traders the opportunity to participate in an affiliate program aimed at attracting new Forex traders. All Exness clients have the option to place a registration link associated with a broker on their own platforms. For each client who utilizes this link to open an account, the referring trader will receive a reward. Exness presents two distinct partnership programs: the Affiliate Program and the Introducing Broker Program.
Under the Affiliate Program, the reward structure varies based on the country of the referral. The broker compensates partners with up to $45 for each verified trader and up to $1,850 for the referral’s trading activity.
In the case of the Introducing Broker Program, partners are rewarded with up to $40 of the fees paid by their referrals. Exness ensures that partners receive comprehensive support, including informational and technical assistance, in the form of banners, landing pages, informers, widgets, and real-time detailed statistics. Payouts are processed on a daily basis.
The minimum deposit for Exness varies according to the specific deposit method chosen by traders. For Bitcoin, Bank Card, Internet Banking, Skrill, Neteller, Tether, Webmoney, Mybux, Ozow, and SnapScan, the minimum deposit is $10. However, if using Perfect Money as the deposit method, the minimum deposit is $50. It’s important to note that these minimum deposit amounts pertain to Exness’s standard account; the professional accounts, on the other hand, necessitate a minimum deposit of $500.
In the context of South African traders using the South African rand (ZAR), the minimum deposit would still amount to $10. In essence, South African traders would need to convert $10 to ZAR based on the prevailing exchange rate to determine the minimum deposit requirement.
The broker offers a diverse range of account currencies, including major options such as USD, EUR, GBP, AUD, ZAR, JPY, CNY, CHF, CAD, and numerous others. It’s essential for clients to be aware that if they choose to deposit funds into their account using a currency different from their account’s designated currency, they may incur losses due to conversion fees and fluctuations in the exchange rate.