How to trade on Exness for beginners

Exness is a user-friendly and globally recognized online trading platform where users can trade CFDs on a wide range of instruments including Forex, commodities, cryptocurrencies, indices, and stocks. In this post, you will learn how to trade on Exness as a complete beginner.

We will also discuss the safety of using Exness, the countries where it is available, how to download the Exness mobile app, the types of accounts offered, the available deposit and withdrawal options, and much more.

What is Exness, and how does it work?

Exness is an international online broker that provides retail traders with access to the global financial markets. The company has won numerous awards for its services and technology. At its core, Exness acts as an intermediary, allowing you to buy and sell Contracts for Difference (CFDs) on various assets without actually owning them. You speculate on the price movement of these assets; if you think the price will rise, you open a “buy” position, and if you think it will fall, you open a “sell” position. Your profit or loss is determined by the accuracy of your prediction.

By reputation, Exness is the world’s most popular and one of the most used crypto platforms in the world.

Is it safe to use Exness?

Security is a paramount concern for any trader, and Exness takes this very seriously. Exness (Exness Group Ltd) is authorized and regulated by the Financial Services Authority (FSA) in Seychelles. Furthermore, various other entities within the Exness group hold licenses from top-tier financial regulators around the world, including the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA) in the UK for its European clients.

Exness also employs robust security measures such as segregation of client funds (keeping your money in separate, top-tier banks), SSL encryption on its website and trading platforms, and two-factor authentication (2FA) for account logins. With over a million active traders and a long operational history, Exness has established itself as a reliable and secure broker in the industry.

Exness supported countries

Exness is available to traders in most countries around the world, making it a truly global broker. You can open an Exness account from most countries. However, the specific services and entity you register with may depend on your country of residence.

Countries where Exness is widely used:

• China
• South Africa
• Nigeria
• Kenya
• Thailand
• Vietnam
• Indonesia
• Brazil
• Saudi Arabia
• United Arab Emirates (UAE)
• India
• Japan

And many more. Exness is available in over 150 countries

Important Note: It is always best to check the official Exness website for the most up-to-date information regarding restricted countries. Typically, Exness does not provide its services to residents of certain countries, such as the United States, the United Kingdom, European Union member states (for its global entity), Iran, North Korea, and others. The list is subject to change based on international regulations.

Exness mobile app download

To get started, you first need to create an Exness account. Click here to create an account. Exness provides a powerful and intuitive mobile application that allows you to trade and manage your account on the go.

The official Exness Trade App is designed for a seamless trading experience, offering full functionality for analyzing markets, executing trades, and managing your portfolio. You can download it from the official app stores.

• Download Exness for Android phones
• Download Exness for iOS (iPhones)

Trading options on Exness

As a CFD broker, Exness offers a wide selection of trading instruments across multiple asset classes. This many choices allows you to build a well-rounded portfolio.

1. Forex: Trade major, minor, and exotic currency pairs like EUR/USD, GBP/JPY, and USD/ZAR.
2. Commodities: Speculate on the price of precious metals like Gold and Silver, energies like Crude Oil and Brent Oil.
3. Cryptocurrencies: Trade popular crypto pairs such as Bitcoin/USD, Ethereum/USD, and Litecoin/USD.
4. Indices: Get exposure to major global indices like the US SPX500, UK100, and JPN225.
5. Stocks: Trade CFDs on shares of leading global companies such as Apple, Tesla, and Amazon.

How to fund your Exness account

Before you can start live trading, you need to deposit funds into your Exness account. Exness is renowned for having many convenient and instant payment methods. The minimum deposit amount can be as low as $10, depending on the payment system you choose.

Here are the primary deposit options available:

1. E-wallets & Local Payment Methods: This is a major strength of Exness. It supports a vast network of local and international e-wallets, including Neteller, Skrill, Perfect Money, and WebMoney. More importantly, it integrates with countless local bank transfer options and payment gateways across Asia, Africa, and South America, allowing for instant, fee-free deposits in local currencies.
2. Cryptocurrencies: Exness fully embraces cryptocurrencies. You can deposit using Bitcoin, Tether (USDT), and other major cryptocurrencies. Transactions are usually processed instantly.
3. Credit and Debit Cards: Visa and Mastercard are widely accepted for deposits. These are also typically processed immediately.

Note: Exness does not charge any internal fees for deposits, making it very cost-effective for traders to fund their accounts.

How to trade on Exness: A step-by-step guide

Once you have created and funded your live account (or opened a demo account for practice), you can follow these steps to place your first trade using the Exness Trader App or Web Terminal.

Step 1: Log in and select an asset

After logging into your trading terminal, you will see a list of available markets (Forex, Crypto, Metals, etc.). Browse through the list and select the specific asset you wish to trade, for example, Gold (XAU/USD).

Step 2: Open the trade ticket

Click on the asset. A trade ticket window will pop up, showing the current Buy and Sell prices.

Step 3: Set your trade volume

The volume is the trade size, measured in lots. For beginners, it is crucial to start small. A micro lot (0.01) is a great starting point as it represents a smaller financial commitment and lower risk. Exness allows for flexible lot sizes, so you can precisely control your exposure.

Step 4: Set Stop Loss and Take Profit orders (Highly Recommended)

This is a critical risk management step.

• Stop Loss (SL): This order automatically closes your trade at a predetermined price level to limit your potential loss if the market moves against you.
• Take Profit (TP): This order automatically closes your trade when it reaches a specific profit level, locking in your gains.

Step 5: Execute the trade

If you believe the price of Gold will increase, click ‘Buy’. If you believe it will decrease, click ‘Sell’. Your trade is now live, and you can monitor its progress in the “Positions” or “Open Trades” tab.

Withdrawals from Exness trading accounts

Exness is famous for its fast and hassle-free withdrawal process. They are known to process most withdrawal requests instantly or at most, within 24 hours.

• Withdrawal Method: You must withdraw funds using the same method you used for deposit. For instance, if you deposited with a local bank transfer, your withdrawal will be sent to the same bank account. This is a standard security practice. So, if you deposit via crypto, you can withdraw via crypto.
• Minimum Withdrawal: The minimum withdrawal amount is often very low or even non-existent for many payment systems.
• Fees: Exness does not charge any fees for withdrawals. However, it’s important to check if your payment system (e.g., your bank or e-wallet) imposes any transaction fees on its end.

Exness customer care

Exness provides extensive customer support to assist traders. You can reach their support team 24/7 via:

• Live Chat: The quickest way to get help, available directly on the website and within your Personal Area.
• Email: You can send detailed queries to their support email address.
• Callback Request: You can schedule a phone call from a support agent.
• Help Center: A comprehensive library of articles and FAQs that can answer most of your questions instantly.

The support is available in multiple languages, catering to its global client base.

Disclaimer: The products mentioned here are affected by changes in currency exchange rates and market prices. If you invest in these products, you may lose some or all of your money. Don’t invest money that you can’t afford to lose and never trade with borrowed money.

Note: Trading CFDs and forex involves significant risk. You can lose your invested capital. Do your own research and consider seeking advice from an independent financial advisor before trading.