EXNESS (NZ) Ltd.


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    Demo Account: Yes
    Allows Hedging: Yes
    Allows Scalping: Yes
    Headquarters: New Zealand
    Founded: 2008
    Trading Platform(s): MT4, MT5
    Regulating Authority(s): FDR (NZ), CySEC
    Minimum Deposit: -
    Maximum Leverage: 2000:1

    Visit EXNESS (NZ) Ltd.

    EXNESS (NZ) Ltd.

    -
    Minimum Deposit
    2000:1
    Maximum Leverage
    2008
    Founded

    EXNESS (NZ) Ltd. Review

    EXNESS
    Company Overview

    EXNESS (NZ) Limited is the New Zealand arm of the EXNESS Group. This group was founded in 2008, which was also the year that they acquired their license to the MetaTrader 4 trading platform. This year marks the commencement of trading activities for clients and affiliates.

    The company has experienced substantial growth and expansion in all areas of its business. Full-year figures for 2013 indicate the number of clients to be growing at well over 10,000 new clients per month. Monthly trading volume is claimed to be over 100 billion USD per month, with the exception of February 2013.

    Headquarters is located in Auckland, New Zealand.

    Account Types

    Customers have options for both Electronic Clearing Network (ECN) and Market Maker account types. ECN accounts offer 53 currency pairs at the present time, with the added benefit of no reqotes. On the Market Maker side of things, traders can participate in 134 currency pairs and CFDs as well.

    Commissions and Spreads

    ECN Accounts-It is possible to get spreads of as low as zero pips, leverage as high as 1:200 with relatively low commission rates of 25 USD per one million USD transacted.

    Market Maker-EXNESS refers to these as Mini and Classic accounts, so the implication would be that there is no micro option, but this should not really impact any traders other than those who have severely limited financial resources for trading. The company’s website lists available leverage as being as high as 1:2000!

    The company’s site promotes spreads of as low as 0.1 pips. A live quote widget on the site recently showed spreads of as low as 0.4 pips and no higher than 3.8 pips for currency pairs constructed out of major currencies, such as the euro, U.S., Canadian and Australian dollars, Swiss franc, Japanese yen and Great Britain pound.

    Spreads are dynamic, meaning that they fluctuate constantly, but in EXNESS’s case, this fluctuation is in a tight range and can actually clue traders regarding market activity and the best times to trade.

    Trading Software

    MetaTrader 4 and 5 are the primary trading platforms, something that experienced traders moving from another or adding an additional broker will appreciate. There is also a web-based version of MetaTrader 4 called Webtrader. EXNESS also has mobile platforms for Android and iOS devices.

    Deposits and Withdrawals

    There are no fewer than nine options regarding deposits and withdrawals. There is no mention of PayPal and it is assumed that paper checks and credit card deposits are also available.

    Withdrawals are typical of all Forex brokers; they are credited to the payment method by which the deposit was made and in the case of multiple funding sources, withdrawals will be made in proportion to the way in which they were deposited.

    Different deposit methods vary in terms of minimum and acceptable currencies, but this information is presented quite clearly on the website.

    Customer Support

    EXNESS offers telephone support 24 hours per day, seven days per week in English, Russian and Chinese. There are currently 10 other languages supported, but these are only offered during the business week. Email and live chat are also valid options.

    Other than the trading platforms, trading tools and education resources include trade and currency exchange calculators, historical data for back testing and technical analysis, various analytical services geared toward forecasting, VPS service and some software tools for trading scripts, indicators and automated trading strategies.

    The website does not seem to include a search feature, but an economic calendar and Forex news feeds are present. No mention of education resources, such as videos, articles and webinars could be found.

    Regulators and Safety

    EXNESS Limited falls under the jurisdiction of the Cyprus Securities and Exchange Commission (CySEC) and has been granted a license by that entity, the stated purpose of which is to monitor financial service companies such as Forex brokers for compliance with the Laws of Cyprus and the E.U.

    EXNESS also carries ISO 9001:2008 status from the British NQA Company.

    Conclusion

    It would seem the EXNESS (NZ) Limited has gone to great lengths to create a positive Forex trading experience. Tight spreads and low commissions, high leverage, good customer support and an exceedingly well-designed website are major contributors to this assessment.


    Visit EXNESS (NZ) Ltd.'s Website

Company Information
Broker's Name
EXNESS (NZ) Ltd.
Headquartered in
New Zealand
Year Founded
2008
Regulating Authority
FDR (NZ), CySEC
US Clients Accepted
No
Telephone Number
7 812 45 48 812
Fax Number
-
E-Mail Address
support@exness.com
Account Options
Type of Broker
No Dealing desk, Market maker, ECN
Commission
No
Mini Account
Yes
VIP Account
Yes
Segregated Account
No
Islamic Account (Swap Free)
Yes
Demo Account
Yes
Institutional Accounts
Yes
Managed Accounts
No
Maximum Leverage
2000:1
Minimum Deposit
-
Deposit Options
Wire transfer, Credit Card, Moneybookers, Payweb, Neteller, Ukash, Webmoney, Perfect Money, cashU, RBK money, Filspay, Fasapay, China Union Pay
Withdrawal Options
Wire transfer, Credit Card, Moneybookers, Payweb, Neteller, Webmoney, Perfect Money, cashU, Fasapay, China Union Pay
More Instruments
Metals
Yes
Oil
Yes
Gold
Yes
Indices
No
Stocks
No
Commodities
Yes
ETFs
No
CFDs
Yes
Trading Platform
Platform Type
MT4, MT5
Platform Languages
Multi-lingual
OS Compatibility
Mac, Windows, Mobile, Web, iPhone, iPad
Streaming News Feed
Yes
Charting Package
Yes
Trading Signals
No
Automated Trading
Yes
Trade From Charts
No
Market Commentary
Yes
E-mail Alerts
No
Mobile Alerts
No
Scalping
Yes
Hedging
Yes
Trailing Stops
Yes
Guaranteed Stop Loss
Yes
Guaranteed Limit Orders
Yes
Guaranteed Fills
Yes
Interest on Margin
Yes
One-Click Execution
No
OCO Orders
No
Mobile Trading
Yes
Web-Based Trading
No
Customer Service
Customer Support Languages
English, Russian, Chinese, Arabic, Vietnamese, Farsi, Hindi, Urdu, Tamil, Thai, Bengali, Indonesian, Malay
Customer Service Hours
24/7
Place Trades Over the Phone?
No
Bonuses & Rewards
No Deposit Bonus
No
Bonus for First Deposit
No
Is the Bonus Based on the Volume of the Transaction?
No
Other Bonuses
No


English
Our Rating: 
3.5
Average: 3.5 (1 vote)
Mini Bonus Info: 

Up to
50%
Deposit Bonus

USPs: 
Instant fund withdrawals - no commissions
Tight spreads from 0.1 points
Unlimited leverage
Region: 
T1 ROTW

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