Exinity FX Broker Comprehensive Review
With the Forex industry developing rapidly year after year, more and more brokers appear on the field. Exinity Forex broker is one of the most prominent companies in this industry. Having more than 20 years of experience in trading, the broker has received numerous awards and has been in partnership with various companies. The broker has a presence in the Middle East and accepts users from this region. Let’s have a look at more details in this Exinity review.
Background & Regulation
The company started operating at the end of the 20th century and since then has developed notably. The main driver for the company is introducing fintech innovations to its customers and to this day the company has managed to successfully deal with tasks. Exinity group who is the owner of the broker is a famous entity as well.
As for regulations and legal aspects of the broker, we should point out that Exinity is fully authorized and regulated by the FSRA. The latter is particularly popular and if a broker has a license from the following regulator you can be sure about its reliability. Moreover, there is an official registered address indicated at the bottom of the website as well as a proof of ID, so there are no question marks about the company’s legitimacy.
Accounts & Trading Conditions
You can only open one type of account on Exinity, which is a professional trading account. Before you sign up on the website, you need to make sure that the conditions that are indicated by the broker are obliged. Otherwise, you will not be able to register with Exinity. Trading is commission-free – you are not required to pay extra and there is no fee for maintaining an account.
Trading conditions are as follows: spreads can be as low as 0 depending on the trading instrument and leverage is up to 1:500. Trading hours start from Sunday and end on Monday and stocks can be traded for 8 hours during a day.
- Website: www.exinity.com
- Leverage: 1:500
- Min. Deposit: $10,000
- Spreads: 0 pips
- MacWindowsAndroidLinux
Advantages
- 0 spreads
- High leverage
- No hidden fees and charges
- Fast execution speeds
Disadvantages
- High minimum deposit
Funding the account
In order to fund the account, first, you need to consider that $10,000 is the minimum amount you can transfer on your balance to open a trading account. Deposits and withdrawals are only accepted through bank transfers and depending on where you are located, it could take some time before the transaction is approved. Usually, it ranges between 3-5 days but can be even faster. Transactions on Exinity are secure and protected from illegal interference.
Platforms
There are 2 only 2 platforms available for trading that are MetaTrader 4 and MetaTrader 5. Both of these platforms serve as assistants for traders, and you can improve the process of trading with the following tools. MT4 has numerous advantages such as powerful charting, automation of trading strategies, and what’s more, the possibility to use customizable layouts.
MetaTrader 5 is an improvement and in addition to trading major Forex currency pairs, it is also possible to access a wide range of order types. Inside MetaTrader 5 economic calendar and market news are integrated, which will even further assist every trader.
Education & Training
Exinity FX broker does not only provide clients with trading features and accounts. In addition, you are able to access educational materials and check various webinars, where the acquired information will help you improve your trading. Experts and research analysts are available to provide the necessary knowledge.
There is also a separate blog on Exinity which is fully aimed at publishing various information and articles regarding the market analysis. In short, the platform would be really useful for those who are looking to acquire additional information and boost their trading.
Customer Support
Customer support is at its highest on Exinity. The broker has tried its maximum to provide clients with as many possibilities to get information as possible. Right now, you can contact the broker via 3 channels: mobile phone, email, and live chat. The first one is provided at the bottom of the website on the main page, as well as the second one. Live chat is located at the bottom right corner of the website. By providing your name, language, and a message, the broker will get back to you with a solution in just a few hours. Keep in mind that there is no specific time for the answer, but normally all queries are solved within 24 hours.
Summary
In the end, we should provide our final thoughts about the Exinity Forex broker – can this company be trusted? First of all, the broker is licensed, and there are no concerns about its legitimacy. Secondly, Exinity offers favorable trading conditions for clients including a professional trading account. Even though there is no mobile platform and bonuses for clients, still other aspects and in particular educational material will benefit a lot of clients. Our final verdict is that the broker is highly recommended, especially for those who have already been in the Forex industry for some time.
FAQ
Can Exinity be trusted?
Yes, Exinity can totally be trusted, as the broker has a license from the FSRA and there is solid working experience behind the broker. For more than 20 years, Exinity has been actively involved in the financial industry, with millions of customers registered on the website. There is also a registered address and proof of ID on the website.
What is the leverage on Exinity?
Exinity offers a maximum of 1:500 leverage on particular trading instruments. However, it can be as low as 1:25 depending on the trading asset you are going to choose. Leverage is a double-edged sword and can both benefit and harm clients.
