Exness is a well-established broker that offers a range of financial instruments for trading, including forex, stocks, commodities, and indices. They are regulated by several reputable bodies and have a transparent business model with a user-friendly trading platform that offers a variety of tools and resources to help traders.
Overall, Exness provides a reliable and trustworthy trading experience, making it a good choice for experienced and novice traders. However, you wanted to check if the broker opens trading accounts for local clients, and the answer is yes; Exness serves clients based in SA.
Clients favourably regard Exness for several key features, including:
- Competitive Spreads: Exness is known for offering competitive spreads on various financial instruments, including forex, stocks, commodities, and indices. This can help traders to save on trading costs and increase potential profits.
- User-Friendly Platform: Exness provides a user-friendly trading platform that is easy to navigate and provides various tools and resources to help traders make informed decisions.
- Regulation: Exness is regulated by several reputable financial regulatory bodies, including FCA, CySEC, and ASIC, which helps to ensure a secure trading environment.
- Virtually Unlimited Leverage: Exness offers unlimited leverage, which allows traders to increase their potential profits by borrowing funds from the broker. Unlimited leverage means the broker is willing to provide traders with as much leverage as they need, subject to the trader's account balance and risk management policies. This can be a double-edged sword, as it can increase potential profits and losses. It's important to note that leverage is a powerful tool that should be used with caution, as it can magnify losses just as quickly as it can magnify gains. Traders should have a solid understanding of risk management and be prepared to limit their exposure to losses.
- Educational Resources: Exness provides various educational resources, including webinars and tutorials, to help traders improve their skills and knowledge.
These features, combined with Exness' commitment to providing a reliable and trustworthy trading experience, are why many clients choose to trade with this broker.
To open a trading account with Exness from SA, go to the Exness website and fill out the registration form. Then, verify your identity by uploading the required documents, such as a passport or South African ID, and finally, choose a trading account type (such as a standard or mini account), and fund it.