Exness review: Detailed & Unbiased Review in Kenya
One forex broker that accepts deposits made through the Mpesa payment gateway in Kenya is Exness. However, how trustworthy is this foreign exchange broker, and what sets them distinct from the other trading platforms we have investigated up to this point? By doing Exness Kenya review we are familiar with the trading terms and conditions in Kenya. Whenever we do a review of a forex broker in Kenya, we focus on a few main criteria, including but not limited to the following:
- Simple account setup and verification procedures
- Different ways to put money in and get money out
- Quality of service provided to customers
- the price of trades
Exness is a foreign exchange broker facilitating trades for clients in over 180 countries (including Kenya). Among brokers, this firm enjoys widespread recognition and respect, and it has been operational since 2008. Exness is characterized by its competitors partly by the range of its services. In addition to providing curricula, the firm facilitates trading in foreign currency and trades for different and rare metals. Similarly, Exness places a premium on happy clients. The firm provides traders with minimal commissions and low spreads, and its customer care team is ready around the clock to answer any issues they may have. To further ensure the safety of its clients’ money, Exness has implemented a comprehensive risk management system.
Does Kenya Regulate Exness?
South Africa, Seychelles, and the Dutch Caribbean Island of Curacao are just a few of the four countries where Exness is authorised and supervised. The Capital Markets Authority of Kenya has not yet issued the broker with a trading license. In the future, Exness intends to receive a CMA trading license, allowing Mpesa deposits to be accepted again. The services and features regulated forex brokers provide are often more extensive than those of their unregulated competitors. It includes resources such as round-the-clock assistance, instructional guides, and trading apps. Therefore, if you want a full trading experience, it is best to use a broker subject to regulatory monitoring, such as Exness.
Exness Review of Trading Costs and Spreads
Depending on the sort of account you have with Exness, you may select from various spreads. At Exness, you can choose from one of these three primary account types:
- A Normal One Dollar Minimum Deposit Account
- Deposit as little as $1 to open an account.
- Open a Pro Account with Exness (minimum deposit of $100)
There is a price difference between the cent account and the other two types of accounts. It is because traders who utilise a cent account are more likely to deposit a smaller amount of money and trade fewer amounts. Since brokers do not make much money from penny accounts, they boost the spread to make up for it.
Exness Trader App
The Exness Trader App, available for iOS and Android devices, provides traders with all the tools they might require. Among the many available features are the following:
- Instantaneous Withdrawal and Deposit
- Assistance is available whenever it has needed
- Calculating with Candlesticks, Indicators, and Other Tools
- Forex, gold, oil, indexes, and more CFDs
- Economic calendar
Exness Vs OctaFX
How long do Exness and OctaFX withdrawals take?
By Comparison between Exness vs OctaFX, funds. Withdrawals from Exness can be processed in a matter of seconds for authorised traders who use one of the approved online payment processors, avoiding the need for time-consuming human approval from the finance department. Withdrawals made via bank wire or credit card at Exness can take up to 10 business days.
Exness has been in business for over a decade, making them a trustworthy broker. It was reported that the broker was switching its focus to business-to-business transactions and was becoming a FinTech firm so that it could supply products and services to the Forex broker industry. Any trader willing to put down a minimum of $10 can join Exness. As a result of its high maximum leverage (up to 1:2000), this broker is popular among traders worldwide. Exness’s easy-to-use, an uncomplicated trading solution is great for inexperienced and experienced investors, thanks to its many different account options.