Exness belongs to the Exness group, with 11 years of experience it is a rather special forex broker in the foreign exchange market. In March 2018, Exness Group reached a trading volume of $375 billion. This is the highest trading volume in Exness and focuses mainly on 120 forex trading products. This article shows you how to open an MT4 account and how to download MT4 Exness
Assess your Reputation level
One of the points that guarantee the credibility and security of a forex broker is the licensing and regulation agency of the exchange.
This is something we pay close attention to for new traders. Please find a licensed broker for trading to avoid maximum risk to your account because the exchange is where you deposit money and execute trading orders.
Exness is licensed by two major financial regulators such as FCA and CySec. In addition, Exness is also approved by the regulatory authorities of Spain, Italy, Sweden, the Netherlands and Germany to operate in these markets.
Exness is also a member of the Investor Compensation Fund (ICF). This means that traders will receive a maximum compensation of “up to 20,000 EUR, or a claim of up to 90% for investors” in case of problems with Exness.
In addition, Exness is also a broker with a separate account mechanism due to the influence of the FCA license. Thus, customer deposits are stored by Exness at one of the major banks such as Barclays Bank, Baltikums bank and OCBC bank.
The division of accounts not only demonstrates financial strength, high liquidity. But as mentioned above, it also helps to avoid the situation where the exchange uses the deposit itself to reverse orders with clients to prevent unnecessary risks or losses that affect traders’ interests.
Another noteworthy point about Exness’ transparency and security is that the financial statements are fully published on the company’s website. And these reports are made by Deloitte – one of the global audit firms of the Big Four group (the top four auditing firms in the world) with the world’s largest professional services network.
Advantages and disadvantages of Exness
– Instant withdrawal, using an automatic system, without human intervention, so the withdrawal speed is dizzying.
– Multiple deposit and withdrawal methods with 0% commission
– Metatrader 4, Metatrader 5, mobile forex trading platforms, WebTerminal
– Over 80 account currency options
– More than 120 currency pairs
– Unlimited leverage support
– Free VPS server service
– Financial news updated by the Dow Jones
– Trader calculator and currency converter for forex trading
– There is a Social Trading feature that allows users to copy investors’ trades with other strategies.
– There are not many bonus programs.
– Only currency (forex) trading is allowed and absolutely no other products such as commodities, metals or cryptocurrencies.
Exness spreads and commissions are low, but slippage often occurs and spreads widen when the market fluctuates.
How to open an Exness account
Step 1: Go to the Exness homepage. Then click the Subscribe button at the top right corner of the screen.
Step 2: In the Registration box, enter your email address, phone number, and password. Then click on the “Continue to register” box.
Next, you need to verify the 4-digit code sent to your phone number and 6 numbers sent to your email. When you’re done, click “Confirm.”
Step 3: Enter your personal information. Here you need to enter your details exactly as in your identity card. Because later, at the time of confirmation of identity, we will need this information.
Next, you need the security settings of the account.
Step 4: Verify your account
With this step, you need to prepare photos of 2 types of identity verification and address verification documents. (You can use documents such as ID card, passport, utility bill, and bank statement to verify your account.)
Then upload to the system and wait for the Exness team to verify. Once done, you will receive a welcome email. You can now access the members area to start actual trading.
How to download MT4 Exness
Download MT4 from the broker with whom you registered a trading account. Each broker provides clients with a different version of MT4 available on the server, so that traders can download MT4 directly from the broker for convenience in accessing and trading.
- Step 1: Log in from the Exness homepage, select Platforms > select the MT4 version you want to use.
- Step 2: After downloading, you will see that there is an exness4setup file.exe, double click on it and click Run.
- Step 3: Click Next to continue the installation. When the installation is complete, click Finish to complete the installation.