Exness Unlimited Leverage Review
Leverage is a key feature of forex trading that allows traders to control a large position with a relatively small amount of capital. This can be a powerful tool for magnifying profits, but it also magnifies losses and can quickly deplete your capital. Exness is a globally recognised broker with a substantial presence in South Africa. It offers traders in this country some of the best features in trading. Notably, it stands out as a broker that offers its trader access to unlimited leverage. This feature can be attractive to many traders, especially experienced ones. In this article, we are going to do an Exness unlimited leverage review, exploring the conditions and rules that apply. Let’s jump in.
Unlimited Leverage on Exness
Unlimited leverage is the highest possible leverage that traders can have access to on any broker site. Interestingly, Exness offers this high leverage level on all its trading accounts. On this broker site, there are five different trading accounts. However, this unlimited leverage is not available by default and is recommended for experienced traders. To limit risk exposure to this unlimited leverage, Exness has put in place conditions for traders to qualify for this leverage. Below are the conditions.
Risk warning: Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Conditions to Access Unlimited Leverage on Exness
- To participate in this program, a trader’s total equity across all real trading accounts must be less than $1,000.
- A trader also needs to close at least 10 real-money orders, pending orders nonincluded. These orders need to be a minimum size of 5 standard lots (or 500 cent lots) across all real accounts.
- Lastly, the total volume of closed trades, across all real accounts, must be greater than 5 standard lots (or 500 cent lots).
The option to set unlimited leverage will appear in any qualifying trading account’s leverage settings once the criteria are met. Still, there are assets where unlimited leverage is unavailable. These include:
- Exotic (currency pairs)
- Cryptocurrencies
- Commodities (Energies)
- Stocks
- Indices
- XPD (currency pairs)
- XPT (currency pairs)
Trading Assets Available on Exness
It is important for traders to know which market products are available on the Exness to apply this unlimited leverage. Fortunately, Exness allow its traders to access over 250 different instruments in a variety of asset classes. These include:
- Forex Pairs - Over 100 currency pairs are available, including popular majors like EURUSD, AUDUSD, and GBPUSD, as well as minors and exotics.
- Stocks - Exness offers a variety of stocks from some of the biggest names in technology and industry, including Google, Amazon, Tesla, Alibaba, and Intel.
- Cryptocurrencies - Exness allows 24/7 trading on 27 popular cryptos, including Bitcoin, Binance Coin, and Dogecoin.
- Energies - Investors can trade assets such as Crude Brent, Crude Oil, and Natural Gas.
- Metals - Exness enables the trading of various precious metals, including gold, silver, platinum, and palladium.
- Indices: Gain exposure to major stock market indexes like the US Tech 100, Dow Jones, and S&P 500.
Who is Best Suited For Unlimited Leverage?
Unlimited leverage, or even very high leverage, is not recommended for most traders. It's a risky strategy with a high chance of significant losses. However, very experienced traders may consider it under specific circumstances. This is because they have a deep understanding of risk management, a proven track record of success, and significant capital to absorb potential losses. Even for them, unlimited leverage should only be used sparingly and with extreme caution.
Trading Forex and CFDs entail risk.
Your capital is at risk.
Best Risk Management Strategies When Trading With Leverage
As we mentioned, leverage is a double-edged sword in trading. It amplifies both profits and losses. Here are some key risk management techniques to consider when using leverage:
- Stop-Loss Orders - Setting a stop-loss order helps to automatically exit a position if the price goes against a trader, limiting potential losses.
- Position Sizing - Another common approach is to risk a fixed percentage of your account capital on each trade. This prevents a single losing trade from wiping out your account.
- Diversification - Spreading risk across different assets and markets is one of the best risk management strategies. Don't put all your eggs in one basket. Diversify by asset class, industry, and even leverage amounts used for different positions.
- Emotional Control - Stick to your plan and avoid impulsive decisions based on fear or greed. Leverage can magnify emotions, so maintain discipline and follow your predefined risk management strategies.
But what are some of the other features that make Exness a reliable broker for traders? Let’s take a look at the fees involved, the trading platforms available, and its credibility.
Trading Fees On Exness
Exness offers various account types to suit different trading styles, with fees varying depending on the account. There are two primary standard accounts and three professional accounts available. The Standard Account features spreads from 0.2 pips on major currency pairs without any commission. Meanwhile, spreads for the Standard Cent account start at 0.3 pips for major currency pairs, also without commission.
In contrast, the Raw Spread account offers the lowest possible spreads starting from 0.0 pips, with a fixed commission of $3.5 per side per lot. The Zero account provides zero spreads on the top 30 instruments, alongside commissions starting from $0.2 per side per lot. The Pro account features ultra-low spreads starting from 0.1 pips, without any commission charges.
Further, swap fees apply to positions held overnight, excluding weekends. Exness offers swap-free accounts for residents of countries where Islam is the predominant religion. It also provides an Extended Swap-free account option for non-Islamic clients who follow Islamic principles.
Exness Trading Platforms
Exness offers four main trading platforms: MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App. Clients can select the platform that best suits their needs. The MetaTrader platforms are renowned for their powerful, intuitive interfaces, making them suitable for both beginners and experienced traders. They are popular for their robust functionality and extensive customization options.
The Exness Terminal is a proprietary platform developed by the company, accessible without any download and providing the same core features and benefits as MT5. For mobile users, Exness offers the Exness Trade App, which is available to Nigerian traders along with the MetaTrader mobile apps.
Additionally, Exness provides various trading tools to support clients in their trading journey. These tools include an economic calendar, currency converter, investment calculator, and Trading Central WebTV. The economic calendar and Trading Central WebTV offer insights into upcoming and ongoing events, helping traders make informed decisions.
Exnesses Credibility
It is essential for traders to invest only with brokers that are well-regulated. Regardless of the leverage you have access to, choose a broker under the supervision of stringent regulatory organizations worldwide. Luckily, Exness is regulated by the FSCA in South Africa, the CMA in Kenya, the FCA in the UK, and the CySEC in Cyprus, among others. While regulations alone aren't a guarantee, having oversight from multiple organizations is a positive sign.
Additionally, Exness has a solid reputation among online reviewers. boasting a 4.6-star rating out of 5 on Trustpilot based on over 5,600 reviews. This high rating indicates that most clients are satisfied with the services provided by Exness, making it a top choice for South African traders.
Trading Forex and CFDs entail risk.
Your capital is at risk.
Closing Remarks
To conclude, Exness’s unlimited leverage feature offers both significant opportunities and substantial risks. It allows traders to maximize their potential returns with a relatively small amount of capital, making forex trading more accessible. However, there are risks associated with unlimited leverage, including the potential for significant losses and psychological pressure. Traders must thoroughly understand the conditions and rules associated with unlimited leverage. Additionally, they must use strict risk-management techniques if they do decide to trade with such high leverage levels.