They are a Cyprus-based broker that is authorised and regulated by stringent and demanding regulatory bodies like as CySEC, the FCA, and the SFSA, and one of their obligations as a regulated broker is that client funds be maintained in segregated accounts.
To comply with this, all customer funds must be kept separate from the broker account, which can only be used by traders to undertake trading activity, among other severe laws and restrictions.
In addition to maintaining the protection of client funds through segregated accounts, licenced brokers like Exness are required to be members of a compensation programme or fund that pays out a certain amount to qualifying clients in the event of company insolvency.
MINIMUM DEPOSIT OF ZAR:
Exness’ basic broker account has an extremely low minimum deposit requirement of merely $10 (140.69 ZAR) for non-Vietnamese traders and $15 (211.04 ZAR) for Vietnamese traders on the standard broker account.
The Exness minimum deposit ZAR amount to open any of the Pro Account categories is $200 (7 034.70 ZAR), which is still a modest sum when compared to many other Pro Accounts in the business.
Exness accepts a variety of popular deposit methods, including the following:
Exness does not impose fees for deposits or withdrawals; however, your credit card company, bank, or payment system may charge a transaction fee or commission that is outside of the broker’s control.
Direct payments or payments to other parties will not be accepted by the company. In the Exness Personal Area, you’ll find all the information you need about transactions.
Deposits and withdrawals are available 24 hours a day, 7 days a week. If a deposit or withdrawal does not require immediate processing, it will be completed within 24 hours.
.Funding your Exness account entails the following steps:
- On the main screen, tap the Deposit icon for your account.
- To access the settings, tap the Financial Operations symbol in the top right corner. Select Deposit from the drop-down menu.
- Select a payment method from the options provided. The payment methods offered may differ depending on where you registered for your Personal Area. Switch on Only Instant Methods to filter the instant methods.
- Fill in the required information, including the amount you want to deposit and the currency you want to use.
- Check the details on the confirmation screen before clicking Confirm.
- You’ll be able to see data like the transaction ID and the status of the transaction once it’s finished.
Exness is trusted by numerous traders as it offers the highest level of security and safety. The minimum deposit amount might be as little as one dollar. You will be given a free demo account as soon as you join up. There are over 80 resources to choose from, including ETFs, commodities, stocks, indices, crypto currencies, and currencies. Exness provides you with prompt customer service at all times. Exness trades only accept money from dependable sources that they can control. You can be certain that this money is managed in European banks based on past experience.