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Exness review

Exness Review

Overall, Exness is considered low-risk, with an overall Trust Score of 97 out of 100. Exness is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and four Tier-3 Regulators (low trust). Exness offers five different retail trading accounts namely a Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account. Exness is currently not regulated by the bank of Namibia

Updated : July 6, 2022

Jump to:

Regulation and Safety of Funds

Account Types and Features

Account Registration

Trading Platforms

Range of Markets

Fees

Deposits and Withdrawals

Education and Research

Affiliate Program

Final Verdict

Pros and Cons

FAQ

Overall Rating

Min Deposit

USD 10 / 160 NAD

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Exness Overview

Exness overview Namibia

 

👉 Exness accepts Namibian clients and has an average spread from 0.0 pips with commissions from $0.1 per lot, per side. Exness has an unlimited maximum leverage ratio and there is a demo and Islamic account available. MT4, MT5, and Exness platforms are supported. Exness is headquartered in Cyprus and regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.

 

👉 Exness is the brand name of a worldwide brokerage business that operates out of two major offices in Seychelles and is a member of the Cyprus Brokers Association.

 

👉 Exness’ divisional structure enables worldwide clients to benefit from personalized financial services and investment solutions, while the global brand opens a wide range of opportunities for retail and principally corporate solutions or collaborations, as well as corporate alliances.

 

👉 The EU-based corporation in Cyprus provides fully regulated services to members across the European Economic Area (EEA) and the rest of the globe.

 

👉 Furthermore, Exness expanded its worldwide reach by establishing a subsidiary in the United Kingdom, Exness UK Ltd, which is likewise appropriately and completely regulated as well.

 

👉 Exness has won numerous awards as a retail broker because it provides stable and reliable brokerage services, as well as a comfortable trading environment tailored to the needs of the most demanding traders.

 

👉 The trading process is handled using the user-friendly MT4 platform, which offers the ability to trade a variety of CFDs and Futures contracts on a variety of marketplaces.

 

👉 This Exness review for Namibia will provide local retail traders with the details that they need to consider whether Exness is suited to their unique trading objectives and needs.

 

Exness Distribution of Traders

Exness Distribution of Traders Namibia

 

👉 Exness currently has the largest market share in these countries:

➡️ Thailand – 42.9%

➡️ Vietnam – 24.7%

➡️ India – 11.7%

➡️ South Africa – 9.6%

➡️ Saudi Arabia – 0.96%

 

Popularity among traders who choose Exness

🥇 The fact that many Namibian traders utilize this creative, renowned Forex and CFD broker places it solidly in the Top 10 brokers for Namibian traders, even though Exness does not seem to have a significant market share in Namibia.

 

 

Exness At a Glance

🏛️ HeadquarteredCyprus, with offices in United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao

🏛️ Local office in Windhoek?No
👍 Accepts Namibian Traders?Yes
📅 Year Founded2008
📱 Namibian Office Contact NumberNone
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
🔎License NumberSeychelles – SD025
Curaçao – 0003LSI
British Virgin Islands – SIBA/L/20/1133
Mauritius – GB20025294
South Africa – FSP 51024
Cyprus – 178/12
United Kingdom – 730729
⚖️ BoN RegulationNone
✴️ Regional RestrictionsThe United States

☪️ Islamic AccountYes
📈 Demo AccountYes
📈 Retail Investor Accounts5

🚀 Offers a NAD Account?No
💻 Dedicated Namibian Account Manager?No
📈 Maximum LeverageUnlimited

📈 Leverage Restrictions for Namibia?No
💳 Minimum Deposit (NAD)160 NAD or an equivalent to $10

💳 Namibian Dollar Deposits Allowed?Yes
💰 Active Namibian Trader Stats150,000+
👥 Active Namibian-based Exness customersUnknown
💰 Namibia Daily Forex TurnoverUnknown, overall Forex Daily Trading Volume is over $6.6 Trillion
💳 Deposit and Withdrawal OptionsBitcoin
Debit Card
Credit Card
Internet Banking
Skrill
Neteller
Perfect Money
Tether (USDT OMNI)
WebMoney
Mybux
Ozow
💰 Segregated Accounts with Namibian Banks?No

💻 Trading PlatformsMetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app

💰 Tradable AssetsForex
Metals
Crypto
Energies
Indices
Stocks
🌐 Offers USD/NAD currency pair?No
🌐 USD/NAD Average SpreadN/A
📈 Offers Namibian Stocks and CFDsNo
👨‍💼 Languages supported on WebsiteEnglish, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi

👥 Customer Support LanguagesMultilingual
👥 Customer Service Hours24/7

👥 Namibian-based customer support?No
💰 Bonuses and Promotions for NamibiansNone
✴️ Education for Namibian beginnersNo

📊 Proprietary trading softwareYes

💰 Most Successful Namibian TraderMichael Amushelelo (Net Worth Unknown)
✔️ Is Exness a safe broker for Namibians?Yes
✔️ Rating for Exness Namibia8/10
✔️ Trust score for Exness Namibia97%
👉 Open an account👉 Open Account

Exness Regulation and Safety of Funds

Exness regulation Namibia

 

Exness Regulation in Namibia

👉 Exness is currently not regulated locally in Namibia by the Bank of Namibia, the official market regulator for the derivatives market and financial markets.

 

Exness Global Regulations

👉 As a multi-regulated broker and firm, Exness has offices across the world. The following agencies govern and manage Exness:

➡️ Exness is licensed by the Financial Services Authority (FSA) in Seychelles under license number SD025

➡️ The Central Bank of the Caribbean and Sint Maarten (CBCS) through Exness B.V, a reputable securities dealer. Services are provided to people and territories outside the European Economic Area by this organization, which has a license under the number 0003LSI.

➡️ British Virgin Islands Financial Services Commission (FSC) registration number 2032226 and license number SIBA/L/20/1133 govern the operations of Exness VG Limited.

➡️ The Financial Services Commission (FSC) of Mauritius has governed and overseen Tortelo Limited. Exness is registered as an Investment Dealer or Full-Service Dealer under the number 176967 and operates under the license number GB20025294, excluding underwriting.

➡️ As a Financial Services Provider in South Africa, Vlerizo (Pty) Limited is regulated by the Financial Sector Conduct Authority (FSCA) with license number 51024.

➡️ Cyprus Securities and Exchange Commission (CySEC) license number 178/12 is assigned to Exness (Cy) Ltd, a business registered in Cyprus.

➡️ In addition, Exness (UK) Limited has been authorized by the Financial Conduct Authority (FCA) as a regulated, registered, and authorised Investment Firm under license number 730729.

 

Exness Client Fund Security and Safety Features

👉 Customer funds are maintained in segregated accounts at the most reputable banks in the areas where Exness operates. Exness is a member of the Financial Commission. The Financial Commission handles disputes in the financial services industry with a focus on currency trading.

 

👉 The Financial Commission’s members, such as Exness, have a compensation fund, which may be seen as insurance for its customers. Customers of the Financial Commission may be insured for up to a maximum of €20,000.

 

Exness Awards and Recognition

👉 Exness has accumulated several industry awards over the past few years, with the most recent awards including:

➡️ An award for the “Best Global Forex Customer Service” in 2019.

➡️ “Best Global Forex Trading Experience” in 2019.

➡️ Exness won the award as the “Most Trusted Global Forex Broker” in 2019 during the Global Forex Awards.

Exness Account Types and Features

Exness Account Types and Features Namibia
 
 

👉 Exness offers both Standard and Professional accounts. Various levels of trading experience and distinct trading styles will lead to a wide range of account options. Subsequently, Namibian traders have a choice between:

➡️ Standard Account

➡️ Standard Cent Account

➡️ Raw Spread Account

➡️ Zero Account

➡️ Pro Account

 

Exness Live Trading Accounts

Exness Live Trading Accounts Namibia

 

Standard Account

👉 A standard account is an account that is appropriate for any trader, regardless of their level of experience, ability, or trading style. They are the most prevalent kind of account provided by the vast majority of forex and CFD companies nowadays.

Account FeatureValue
💰 Minimum Deposit Requirement160 NAD or an equivalent to $10
📊 SpreadsVariable, from 0.3 pips
💵 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, KES, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💸 Commission ChargesNone
📈 Maximum Leverage offeredUnlimited leverage
✔️ Instruments AvailableForex major pairs, minor currency pairs, exotic pairs, energies, cryptocurrencies, stocks, indices
📉 Minimum lot size0.01 lot
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
📊 Maximum positionsUnlimited
% Hedged Margin (%)0
📞 Margin Call (%)60
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Standard Cent Account

Exness Standard Cent Account Namibia

 

👉 Beginner traders who want to gain a feel for the market but are not ready to put their own money at risk will find this account to be the most suitable.

 

👉 This account is also the ideal choice for experienced traders who want to put their trading strategies to the test in real-time market conditions without the risk of losing their money on the trades.

Account FeatureValue
💰 Minimum Deposit Requirement160 NAD or an equivalent to $10
📊 SpreadsVariable, from 0.3 pips
💵 Account Base CurrencyUSC, EUC, GBC, CHC, AUC, CAC
💸 Commission ChargesNone
📈 Maximum Leverage offeredUnlimited leverage
✔️ Instruments AvailableForex, Metals
📉 Minimum lot size0.01 lot
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
📊 Maximum positions1000
% Hedged Margin (%)0
📞 Margin Call (%)60
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Raw Spread Account

Exness Raw Spread Account Namibia

 

👉 Account types such as this one, which provide competitive and low spreads, are ideal for scalpers, day traders, and algorithmic traders, among others.

Account FeatureValue
💰 Minimum Deposit Requirement8,000 NAD or an equivalent to $500
📊 SpreadsVariable, from 0.0 pips
💵 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💸 Commission ChargesUp to $3.5 per side, per lot
📈 Maximum Leverage offeredUnlimited leverage
✔️ Instruments AvailableForex, metals, cryptocurrencies, energies, stocks, indices
📉 Minimum lot size0.01 lot
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
📊 Maximum positionsUnlimited
% Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Zero Account

Exness Zero Account Namibia

 

👉 The Zero Account guarantees market execution with no requotes and offers the tightest spreads and the lowest fees in the industry.

Account FeatureValue
💰 Minimum Deposit Requirement8,000 NAD or an equivalent to $500
📊 SpreadsVariable, from 0.0 pips
💵 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💸 Commission ChargesFrom $0.1 per side, per lot
📈 Maximum Leverage offeredUnlimited leverage
✔️ Instruments AvailableForex, metals, cryptocurrencies, energies, stocks, indices
📉 Minimum lot size0.01 lot
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
📊 Maximum positionsUnlimited
% Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Pro Account

Exness Pro Account Namibia

 

👉 Professional Accounts are designed for Namibian traders with the most extensive financial market understanding.

Account FeatureValue
💰 Minimum Deposit Requirement8,000 NAD or an equivalent to $500
📊 SpreadsVariable, from 0.0 pips
💵 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💸 Commission ChargesNone
📈 Maximum Leverage offeredUnlimited leverage
✔️ Instruments AvailableForex, metals, cryptocurrencies, energies, stocks, indices
📉 Minimum lot size0.01 lot
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
📊 Maximum positionsUnlimited
% Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionInstant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies
☪️ Islamic AccountYes

 

Exness Base Account Currencies

👉 When registering an account with Exness, traders can choose from the following comprehensive list of base account currencies: AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, and ZAR.

 

Exness Demo Account

Exness Demo Account Namibia

 

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.

 

👉 There is a certain degree of risk involved when trading financial markets and Exness offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 You can anticipate a fully-regulated and secure trading environment at Exness, where you may establish a trial account to test trading methods or a genuine account to join the currency markets.

 

👉 Exness offers a free Demo account in addition to current financial news from Dow Jones, rich instructional tools, and Web TV with the most recent changes.

 

Exness Islamic Account

Exness Islamic Account Namibia

 

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 Thanks to Exness’ Islamic Account option, traders of different skill levels and trading objectives may participate in several financial markets without incurring exposure to various types of interest.

 

👉 During account registration, the Swap-Free account will be automatically assigned to Muslim traders residing in Islamic countries.

Overall Rating

Min Deposit

USD 10 / 160 NAD

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

How to open an Account with Exness

👉 Traders can create an Exness account by registering and verifying their personal information online. To guarantee a safe trading environment for all traders, Exness has created a Know Your Client (KYC) protocol requiring traders to provide proof of identification and proof of residence.

 

👉 After completing this step, traders can fill their trading accounts with the minimal amount required to begin trading.

 

👉 Step 1 – Open the Exness Website and click on the “Open Account” tab.

 

Navigate to the official Exness website and at the top right of the screen click on the “open an account” tab.

Open an Exness account step 1

 

👉 Step 2 – Fill in your personal details.

 

On the online application form, the applicant enters their country of residence, email, and a password that they will use to log in on the website and the Exness Trader app.

Open an Exness account step 2

 

👉 Step 3 – Choose your account type.

 

After this information has been submitted, the applicant is taken to a screen where the applicant can choose between a demo account which is automatically created with a virtual deposit of $10,000 (140 397.00 ZAR) or a real account.

Open an Exness account step 3

Exness Vs HotForex Vs XM – Broker Comparison

ExnessHotForexXM
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCAFSCA, CySEC, DFSA, FSA, FCA, FSC, CMA, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regionsFSCA, IFSC, ASIC/AFSL, CySEC, DFSA
📱 Trading Platform• MetaTrader 4
• MetaTrader 5
• Exness Terminal
• Exness Trader app
• MetaTrader 4
• MetaTrader 5
• MetaTrader 4
• MetaTrader 5
💰 Withdrawal FeeNoNoNone
📊 Demo AccountYesYesYes
📈 Minimum Deposit160 NAD



68 NAD68 NAD
📈 LeverageUnlimited1:10001:888
📊 SpreadVariable, from 0.0 pips0.0 pips0.0 pips
💰 CommissionsFrom $0.1 per side, per lot$3 to $4$1 to $9

✴️ Margin Call/Stop-Out60%/0%• 40%/10%
• 50%/20%
• 50%/20%
• 100%/50% (EU)

✴️ Order ExecutionMarket

MarketMarket, Instant
💳 No-Deposit BonusNoNoNo
📊 Cent AccountsYesNoNo
📈 Account Types• Standard Account
• Standard Cent Account
• Raw Spread Account
• Zero Account
• Pro Account
• Micro Account
• Premium Account
• HFcopy Account
• Zero Spread Account
• Auto Account
• Micro Account
• Standard Account
• XM Ultra-Low Account
• Shares Account
⚖️ BoN RegulationNoNoNo
💳 NAD DepositsYesYesYes
📊 Namibian Dollar AccountNoNoNo
👥 Customer Service Hours24/724/524/5
📊 Retail Investor Accounts554
☪️ Islamic AccountYesYesYes

Exness Trading Platforms

Exness Trading Platforms Namibia

 

👉 Exness offers Namibian traders a choice between these trading platforms:

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Terminal

➡️ Exness Trader app

 

Desktop Platforms

Exness Desktop Platforms Namibia

 

➡️ MetaTrader 4

➡️ MetaTrader 5

 

MetaTrader 4

👉 Exness enables Namibian traders to trade on MetaTrader 4 in a manner that is tailored to their own trading style. When trading CFDs, there are two different execution choices available: Instant Execution and Market Execution. Namibians may trade their favourite financial products smoothly using the desktop interface of MetaTrader 4, regardless of how complicated the trading technique is.

 

MetaTrader 5

👉 To construct trading robots and technical indicators, MetaTrader 5 has a dedicated MetaEditor application. The tool’s interaction with the platform means that new applications will surface in MetaTrader 5 on their own and could be executed right away.

 

👉 The following are some of the features of the Exness MetaTrader 5 desktop trading platform:

➡️ Access to a range of tradable instruments

➡️ Spreads from as low as 0.0 pips

➡️ 21 timeframes along with 3 chart types

➡️ Different order types

➡️ A comprehensive hedging system

➡️ 38 built-in indicators, and more

 

WebTrader Platforms

Exness WebTrader Platforms Namibia

 

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Terminal

 

MetaTrader 4

👉 Namibian traders of various skill levels may now participate in the financial markets owing to the multiple instruments available on the terminal, which include flexible trading methods, algorithmic trading, and mobile trading, among others.

 

👉 These critical capabilities, which are included in Exness’ MetaTrader 4 WebTrader, aid Namibians in identifying entry and exit points, as well as identifying market patterns.

 

MetaTrader 5

👉 MetaTrader 5 is a trading platform that allows you to trade stocks, options, and futures. Among the trading tools accessible on WebTrader are fundamental and technical research, trading signals, algorithmic trades, and other tools for technical and fundamental analysis.

 

👉 Namibian investors can easily keep up with the latest financial news by tuning in to live broadcasts of financial news updates on the radio.

 

👉 To automate trading on the Exness MT5 platform, Expert Advisors analyse market quotes and trade on the financial markets, and then execute transactions on the financial markets.

 

Exness Terminal

👉 The Exness Terminal, which has an intuitive user interface and the most up-to-date charting tools, offers traders with a comprehensive trading experience. For aggressive traders, the terminal includes more than 50 sketching tools as well as more than 100 indication types.

 

👉 In addition, TradingView delivers charts on the company’s own unique Exness Terminal, which was created by the company’s ingenious programmers and designers. The Exness Terminal is also an HTML 5 online program that is trustworthy, fast, and easy to use.

 

Trading App

Exness Trading App Namibia

 

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Trader app

 

MetaTrader 4 and 5

👉 The Exness MetaTrader 4 and 5 trading terminals are not restricted to desktop computers running Windows, macOS, or Linux.

 

👉 They are also compatible with mobile devices. Users of iOS and Android smartphones and tablets who have busy schedules may trade while on the go owing to the mobile trading function available on these devices.

 

👉 Namibian traders now have access to most of the critical components of MetaTrader 4 and MetaTrader 5, including trading orders, interactive charts, and popular analytical tools, and can monitor their trading accounts and perform mobile trading with a single click.

 

👉 Additionally, traders may get push notifications and engage with other traders using these iOS and Android mobile applications.

 

Exness Trader app

👉 Namibians may trade with confidence from anywhere in the world thanks to Exness Trader. When picking from more than 200 instruments, traders may take advantage of speedy deposits and withdrawals, as well as on-demand customer care, to maximize their profits.

 

👉 For Namibians, getting started with the Exness Trader platform is simple since it contains all the necessary tools, such as candlestick charts, indicators, and computing tools. The Exness trading app is the best location to discover CFDs on a wide range of markets, including forex, gold, oil, and indices.

 

👉 A further advantage is that traders may easily move between multiple charts while maintaining a constant watch on all trading activity.

 

Exness Range of Markets

Exness Range of Markets Namibia

 

👉 Namibian traders can expect the following range of markets from Exness:

➡️ Forex

➡️ Metals

➡️ Crypto

➡️ Energies

➡️ Indices

➡️ Stocks

Broker Comparison for Range of Markets

ExnessHotForexXM
➡️️​ ForexYesYesYes
➡️️​ Precious MetalsYesYesYes
➡️️​ ETFsNoNoNo
➡️️​ CFDsYesYesYes
➡️️​ IndicesYesYesYes
➡️️​ StocksYesYesYes
➡️️​ CryptocurrencyNoYesNo
➡️️​ OptionsNoNoNo
➡️️​ EnergiesYesYesYes
➡️️​ BondsNoYesYes

Overall Rating

Min Deposit

USD 10 / 160 NAD

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Exness Trading and Non-Trading Fees

Spreads

Exness Spreads Namibia

 

👉 Since each account is designed to appeal to a certain kind of trader, the spreads charged will vary depending on the type of account chosen by traders. Namibian traders should expect the following usual spreads to be applied:

➡️ Standard Account – from 0.3 pips EUR/USD

➡️ Standard Cent Account – from 0.3 pips EUR/USD

➡️ Raw Spread Account – from 0.0 pips EUR/USD

➡️ Zero Account – from 0.0 pips EUR/USD

➡️ Pro Account – 0.1 pips EUR/USD

 

Commissions

Exness Commissions Namibia

 

👉 The commissions charged on certain accounts are fixed at a predetermined level to ensure that the broker is reimbursed for facilitating the transaction. The following commissions are levied on Namibian traders according to these trading accounts:

➡️ Raw Spread Account – Up to $3.50 per side, per lot

➡️ Zero Account – From $0.1 per side, per lot

 

Overnight Fees, Rollovers, or Swaps

Exness Overnight Fees, Rollovers, or Swaps Namibia

 

👉 Trader costs that they may expect to pay when holding positions overnight will vary depending on a variety of variables, including the financial instrument that is being held, the duration of the position, the position size, and the interbank rates.

 

👉 Some typical overnight fees that Namibian traders can expect include:

➡️ EUR/USD – a long swap of -0.63356 pips and a short swap of 0.14698 pips

➡️ XAG/USD – a log swap of -0.0857 pips and a short swap of -0.0597 pips

➡️ US OIL – a long swap of 0.65 pips and a short swap of -3.9 pips

 

Deposit and Withdrawal Fees

👉 Exness does not charge Namibian traders any deposit or withdrawal fees.

 

Inactivity Fees

👉 Exness does not charge any fees when a live trading account becomes dormant.

 

Currency Conversion Fees

👉 If traders deposit or withdraw funds in any currencies other than the accepted base account currencies, they could face currency conversion fees.

Exness Deposits and Withdrawals

Exness Deposits and Withdrawals Namibia

 

👉 Exness offers the following deposit and withdrawal methods:

➡️ Bitcoin

➡️ Debit Card

➡️ Credit Card

➡️ Internet Banking

➡️ Skrill

➡️ Neteller

➡️ Perfect Money

➡️ Tether (USDT OMNI)

➡️ WebMoney

➡️ Mybux

➡️ Ozow

 

How to Deposit Funds with Exness

👉 To deposit funds to an account with Exness, Namibian traders can follow these steps:

 

👉 Step 1 – Go To The Official Exness Website

 

➡️ Go to www.exness.com and log into your account by click on “Sign In”.

Exness Review How to Deposit Funds Into Your Account Step 1

 

👉 Step 2 – Click on “Deposit”

 

➡️ Once logged in, click on “Deposit” in the left corner of your screen. 

Exness Review How to Deposit Funds Into Your Account Step 2

 

👉 Step 3 – Deposit Your Funds

 

➡️ You can now deposit funds into your account. 

Exness Review How to Deposit Funds Into Your Account Step 3

 

Exness Fund Withdrawal Process

👉 When Namibian traders establish an Exness account, they are offered the opportunity to choose a regionally-specific payment method. When in the Personal Area, Namibian traders will have access to a list of available payment methods, including local Namibian choices.

 

👉 Regarding withdrawals of funds, traders must consider information like processing time and commission fees, which will be displayed by the PA.

 

👉 To make a withdrawal, traders with an Exness trading account may take the following steps:

 

👉 Step 1 – Go to the Exness Website

 

➡️ Go to the official Exness website at www.exness.com and click on “Sign In”.

Exness Review How to Withdraw Funds From Your Exness Account Step 1

 

👉 Step 2 – Click on “Withdrawal”

 

➡️ Once you are logged in, click on “Withdrawal” and withdraw your funds. 

Exness Review How to Withdraw Funds From Your Exness Account Step 2

 

👉 Namibian traders have access to their money at all hours of the day and night, allowing them to withdraw cash at any time. In addition, Namibians must evaluate the following fundamentals before withdrawing cash from their Exness trading account:

➡️ The account’s free margin, which is shown in the trader’s Personal Area, dictates the amount of cash that may be withdrawn at any one time.

➡️ Namibian traders may only withdraw their funds using the same payment method that they used to deposit cash.

➡️ If traders placed money into their Exness account using several payment methods, they must withdraw using those same payment methods in the same proportion.

➡️ Namibians are encouraged to use bank cards first, then Bitcoin, and finally any other expedient method.

Exness Education and Research

Exness Education and Research Namibia

 

Education

👉 Exness does not offer any educational materials but offers the following Research and Trading Tools:

➡️ Analytical Tools

➡️ Trader’s Calculator

➡️ Economic Calendar

➡️ Currency Converter

➡️ Tick History

Exness Bonuses and Promotions

👉 Exness does not currently offer any bonuses or promotions to Namibian traders.

How to open an Affiliate Account with Exness

Exness Affiliate Program Namibia

 

👉 To register an Affiliate Account, Namibians can follow these steps:

➡️ Visit the official website of Exness and select “More” from the main menu at the top of the homepage.

➡️ Namibians can select “Partnership Program” from the drop down followed by “Start Now”.

➡️ If Namibians have an existing account with Exness they can simply log into the website and complete the affiliate application.

➡️ If Namibians have not previously registered with Exness they can do so by completing the required fields and submitting the registration form.

➡️ Once registered/signed in, prospective affiliates can select whether they want to be an introducing broker or an affiliate and complete the application for the relevant option.

➡️ Once approved, new affiliates can explore their partner portal to access the comprehensive package offered by Exness and start earning.

 

Exness Affiliate Program Features

👉 Exness is the industry leader when it comes to frequent and attractive pay-outs. Each active client referred by an associate generates a commission of up to $1,770 for the affiliate.

 

👉 Exness pays for initial deposits (CPA) and leads (CPL), with CPA as follows:

➡️ It pays up to $1,770 depending on the platform, the recommended customer’s nation of residency, and the size of their first deposit, which must be at least $10.

➡️ The CPA plan is selected by default when a trader registers. Exness is available in more than 40 countries worldwide. Additional incentives are given for the highest overall performance.

 

👉 The CPL strategy offers the following:

➡️ Affiliates from Namibia may earn up to $25 per sign-up for the referral site they use.

➡️ The pay-out will increase according to the number of new participants

➡️ Exness now gets visitors from over 40 countries

➡️ Regular monthly pay-outs

➡️ Incentives for the best overall performance

➡️ A high volume of traffic attributable to Exness’ popularity

 

Exness Customer Support

👉 Exness offers helpful support in 15 different languages 24 hours a day, 5 days a week with Chinese and English support available 24/7. Exness’ customer support is friendly and helpful, but not as comprehensive as that of other brokers.

 

Exness Corporate Social Responsibility

Exness Corporate Social Responsibility Namibia

 

👉 The major focus of Exness has been on the provision of investment services from the company’s foundation in 2008. When it comes to the company’s stance on Corporate Social Responsibility (CSR), CEO Petr Valov is especially enthusiastic about the opportunity it provides to give back.

 

👉 People can count on Exness to be upfront and honest with them about their goals, while at the same time providing a steady support system to help them achieve their maximum potential in both their professional and personal lives.

 

👉 Exness is always looking for ways to improve its CSR efforts, whether it is in education, the environment, or addressing any social or medical dangers in the community where people live and work.

 

👉 Today’s youngsters need access to educational opportunities that are relevant to their future careers, and Exness is doing its part to help make that happen.

Verdict on Exness

👉 Customers from the United Kingdom as well as those from other European Union countries may trade currencies, commodities, and cryptocurrencies at Exness. It is extremely well-regulated and provides traders of all skill levels with a safe and efficient trading environment.

 

👉 Forex market participants have the option of trading on MT4 or MT5 platforms, as well as a lightweight online platform and mobile execution.

 

👉 Because Exness uses innovative software and technology, it guarantees lower trading risks. Since traders can expect that their orders will be executed fast and safely, they can rest assured.

 

👉 Over 30 ways to withdraw and deposit money are available to Namibian traders, including local options. Withdrawals are free and as a bonus, Exness offers free VPS hosting and instant deposits and withdrawals.

Exness Current Popularity Trends

👉 According to Google Trends, Exness has increased in Google searches in Namibia in the past month. 

 

Exness Current Popularity Trends Namibia

Overall Rating

Min Deposit

USD 10 / 160 NAD

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Exness Pros and Cons

✔️ Pros❌ Cons
Exness is multi-regulated by reputable entities globallyThere are no educational materials offered
There are multi-currency accounts offeredThere is no NAD-denominated account offered to Namibian traders
There are a few account types to choose from, providing Namibian traders with a lot of versatilityThere is a small selection of tradable markets
Both MetaTrader 4 and MetaTrader 5 are offered
Exness offers proprietary social and copy trading
Namibian traders can use Exness’ proprietary trading platforms
Free VPS hosting is offered by Exness to eligible clients
Instant deposits and withdrawals are supported and there are no fees charged

Frequently Asked Questions

 

What is the withdrawal time with Exness?

Exness’ withdrawal times range from instantaneous withdrawals up to 72 hours from when the withdrawal request was processed.

 

Is Exness regulated?

Yes, Exness is regulated by several entities including FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.

 

Does Exness have Nasdaq?

Yes, Exness offers access to Nasdaq through US TEC with a spread that starts from 6.5 pips on the Raw Spread Account with commissions of $1 charged.

 

Is Exness good for beginners?

Yes, Exness is the best broker for beginners. Exness has a diverse range of accounts from the Standard Cent Account to Pro Accounts. In addition, Exness also offers a demo account that can be used to practice trading.

 

Does Exness have Volatility 75?

No, Exness does not currently have VIX 75 but offers several other popular indices such as AUS200, FR40, HK50, UK100, and many more.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with Exness?

➡️ What was the determining factor in your decision to engage with Exness?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with Exness such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

 

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

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