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Exness Review

Overall, Exness is very competitive in terms of its trading fees and spreadsExness is a multi-regulated forex broker headquartered in Cyprus. Exness is regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA. Exness has a Trust Score of 97% out of 100. Exness is currently not regulated by the MFED, BoB, or NBFIRA of Botswana

Updated : August 1, 2022

Jump to:

005 regulations book

Regulation and Safety of Funds

005 feature selection

Account Types and Features

006 add user

Account Registration

003 responsive design

Trading Platforms

002 candlestick

Range of Markets

007 fees

Fees

001 cash withdrawal

Deposits and Withdrawals

003 research

Education and Research

002 affiliate marketing

Affiliate Program

008 auction

Final Verdict

004 review

Pros and Cons

001 question

FAQ

Overall Rating

Min Deposit

USD 10

Regulators

CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA

Trading Desk

MetaTrader 4 and MetaTrader 5

Crypto

Yes

Total Pairs

107

Islamic Account

Yes

Trading Fees

Low

Account Activation Time

24 Hours

Exness Overview

👉 Overall, Exness is considered low-risk, with an overall Trust Score of 97 out of 100. Exness is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and four Tier-3 Regulators (low trust). Exness offers five different retail trading accounts namely a Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account.

 

👉 Exness accepts Botswanan clients and has an average spread from 0.0 pips with commissions from $0.1 per lot, per side. Exness has an unlimited maximum leverage ratio and there is a demo and Islamic account available. MT4, MT5, and Exness platforms are supported. Exness is headquartered in Cyprus and regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.

 

👉 Exness is a multi-regulated forex broker having offices in the United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao. Exness is linked with respected companies such as Nymstar Limited, Tortelo Limited, and Vlerizo (Pty) Limited through which it provides its services.

 

👉 Botswanans who become traders with Exness will meet a safe and simplified trading environment that spans both the MT4 and MT5 platforms. In addition, they can also expect attractive trading conditions including low spreads and ECN account availability.

 

👉 The firm’s divisions provide customized financial services and investment solutions to clients all over the world, in addition to the firm’s worldwide brand, which attracts a wide variety of retail and corporate customers.

 

👉 Exness’ monthly trading volume exceeds $1.5 trillion per day, and as of January, over 257,000 active customers are enrolled with the company. Exness’ service provides traders with several advantages, including low fees, instantaneous order execution, and the possibility to withdraw funds immediately via instant withdrawal alternatives.

 

👉 This Exness review for Botswana will provide local retail traders with the details that they need to consider whether Exness is suited to their unique trading objectives and needs.

 

Exness Distribution of Traders

Exness Distribution of Traders

👉 Exness currently has the largest market share in these countries:

➡️ Thailand – 42.9%

➡️ Vietnam – 24.7%

➡️ India – 11.7%

➡️ South Africa – 9.6%

➡️ Saudi Arabia – 0.96%

 

Popularity among traders who choose Exness

👉 Even with a market share of less than 5% in Botswana, Exness is still one of the most active forex brokers in Africa, making it one of the Top 20 forex brokers for Botswanan traders.

Exness At a Glance

🏛 HeadquarteredCyprus
🌎 Global OfficesSouth Africa, Cyprus, United Kingdom, Seychelles
🏛 Local Market Regulators in Botswana• Ministry of Finance and Economic Development (MFED)
• Bank of Botswana (BoB)
• Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
💳 Foreign Direct Investment in Botswana115.89 BWP Million in 2021
💰 Foreign Exchange Reserves in Botswana5270 USD Million in 2021
✔️ Local office in Gaborone?No
👨‍⚖️ Governor of SEC in BotswanaNone, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana
✔️ Accepts Botswana Traders?Yes
📊 Year Founded2008
📞 Botswana Office Contact NumberNone
📱 Social Media Platforms• Facebook
• Twitter
• Instagram
• LinkedIn
• YouTube
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA
1️⃣ Tier-1 LicensesFinancial Conduct Authority (FCA)
2️⃣ Tier-2 Licenses• Cyprus Securities and Exchange Commission (CySEC)
• Financial Sector Conduct Authority (FSCA)
3️⃣ Tier-3 Licenses• Financial Services Authority (FSA) Seychelles
• Financial Services Commission of the British Virgin Islands (FSC BVI)
• Financial Services Commission (FSC) Mauritius
• Central Bank of Curaçao and Sint Maarten (CBCS)
🪪 License Number• Seychelles – SD025
• Curaçao – 0003LSI
• British Virgin Islands – SIBA/L/20/1133
• Mauritius – GB20025294
• South Africa – FSP 51024
• Cyprus – 178/12
• United Kingdom – 730729
⚖️ MFED, BoB, or NBFIRA RegulationNone
✔️ Regional RestrictionsThe United States
☪️ Islamic AccountYes
💻 Demo AccountYes
🛍 Retail Investor Accounts5
✔️ PAMM AccountsNo
💻 Liquidity ProvidersADS Securities, FXCM PRO, and others
✔️ Affiliate ProgramYes
📱 Order ExecutionMarket
📊 Starting spread0.0 pips EUR/USD
📉 Minimum Commission per TradeFrom $0.1 per side, per lot
💰 Decimal Pricing5th decimal pricing after the comma
📞 Margin Call60%
🛑 Stop-Out0%
📉 Minimum Trade Size0.01 lots
📈 Maximum Trade SizeUnlimited
✅ Crypto trading offered?Yes
✔️ Offers a BWP Account?No
📉 Dedicated Botswana Account Manager?No
📈 Maximum LeverageUnlimited
📊 Leverage Restrictions for Botswana?No
💳 Minimum Deposit (BWP)120 BWP or an equivalent to $10
✔️ Botswana Pula Deposits Allowed?Yes
📊 Active Botswana Trader Stats250,000+
👥 Active Botswana-based Exness customersUnknown
🔁 Botswana Daily Forex TurnoverUnknown, Forex overall is $6.6 Trillion
💰 Deposit and Withdrawal Options• Bitcoin
• Debit Card
• Credit Card
• Internet Banking
• Skrill
• Neteller
• Perfect Money
• Tether (USDT OMNI)
• WebMoney
• Mybux
• Ozow
💻 Minimum Withdrawal TimeInstant
⏰ Maximum Estimated Withdrawal TimeUp to 72 hours
💳 Instant Deposits and Instant Withdrawals?Yes
🏛 Segregated Accounts with Botswana Banks?No
📱 Trading Platforms• MetaTrader 4
• MetaTrader 5
• Exness Terminal
• Exness Trader app
💻 Tradable Assets• Forex
• Metals
• Crypto
• Energies
• Indices
• Stocks
✔️ Offers USD/BWP currency pair?No
📊 USD/BWP Average SpreadN/A
✅ Offers Botswana Stocks and CFDsNo
💻 Languages supported on the WebsiteEnglish, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi
☎️ Customer Support LanguagesMultilingual
👥 Copy Trading SupportYes
⏰ Customer Service Hours24/7
📞 Botswana-based customer support?No
💸 Bonuses and Promotions for Botswanans?No
📚 Education for Botswanan beginner tradersNo
📱 Proprietary trading softwareYes
🤝 Most Successful Trader in BotswanaUnknown
✔️ Is Exness a safe broker for Botswana Traders?Yes
🎖 Rating for Exness Botswana8/10
🥇 Trust score for Exness Botswana97%
👉 Open Account👉 Open Account

Exness Regulation and Safety of Funds

Exness Regulation in Botswana

👉 While Exness does not hold local licenses or authorization to provide derivatives trading in Botswanan, Exness is a safe and reputable broker.

 

Exness Global Regulations

👉 Exness is a globally-based, multi-regulated broker and business that operates through several global entities with regulations and authorization as follows:

➡️ The Financial Services Authority (FSA) in Seychelles oversees and regulates Nymstar Limited under license number SD025, with the entity known as a reputable Securities Dealer in the region.

➡️ The Central Bank of Curacao and Sint Maarten (CBCS) in Curacao regulates and authorizes Exness B.V as a Securities Intermediary. Exness B.V operates under license number 0003LSI, and it provides services to persons and territories outside the European Economic Area (EEA).

➡️ Exness VG Limited is approved and regulated by the Financial Services Commission (FSC) of the British Virgin Islands, with registration number 2032226 and license number SIBA/L/20/1115.

➡️ The Financial Services Commission (FSC) of Mauritius authorizes and regulates Tortelo Limited under registration number 176967, with the subsequent license number GB20025294. Tortelo Limited identifies it as an Investment Dealer or Full-Service Dealer excluding underwriting.

➡️ Vlerizo (Pty) Limited is licensed by the Financial Sector Conduct Authority (FSCA) in South Africa as a genuine and reputable Financial Services Provider (FSP) with license number 51024.

➡️ Under license number 178/12, the Cyprus Securities and Exchange Commission (CySEC) regulates and authorizes Exness (Cy) Ltd.

➡️ In the United Kingdom, Exness (UK) Limited is licensed as well as overseen by one of the most demanding market regulators today namely the Financial Conduct Authority (FCA). Exness (UK) Limited operates under Financial Services Register number 730729 to operate as an Investment Firm.

 

Exness Client Fund Security and Safety Features

👉 Exness maintains all customer monies in segregated accounts at top-tier institutions in all locations where the broker provides services.

 

👉 Exness is furthermore a member of the Financial Commission. The Financial Commission is responsible for resolving disputes in the financial services sector, with a particular emphasis on the foreign currency market.

 

👉 The Financial Commission offers a variety of services, including a compensation fund that might be seen as an insurance policy for the clients of its members, including Exness. The Financial Commission’s coverage per customer is up to €20,000.

Exness Awards and Recognition

👉 Exness is an award-winning broker that has previously been rewarded as the Best Global Forex Customer Service broker in 2019, Best Global Forex Trading Experience in 2019, and more.

Exness Account Types and Features

👉 Exness provides two kinds of live trading accounts: Standard Accounts and Professional Accounts. Each of these two categories provides account choices that are suited to various degrees of expertise and kinds of traders based on their individual trading demands and trading styles.

 

👉 Exness’ live trading accounts include the following:

➡️ Standard Account

➡️ Standard Cent Account

➡️ Raw Spread Account

➡️ Zero Account

➡️ Pro Account

💻 Live Account📉 Minimum Dep.📊 Average Spread💰 Commissions💸 Average Trading Cost
➡️ Standard120 BWP/$100.3 pipsNone10 USD
➡️ Standard Cent120 BWP/$100.3 pipsNone10 USD
➡️ Raw Spread6,100 BWP or $5000.0 pips$3.57 USD
➡️ Zero6,100 BWP or $5000.0 pips$0.17 USD
➡️ Pro6,100 BWP or $5000.1 pipsNone6 USD

 

Exness Live Trading Accounts

Standard Account

👉 The Standard Account is suitable for all sorts of traders, regardless of their trading experience, skill level, or trading style. This account has the following features:

Account FeatureValue
📉 Minimum Deposit Requirement120 BWP or an equivalent to $10
📊 Spreads Variable, from 0.3 pips
💰 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, KES, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💳 Commission ChargesNone
📈 Maximum Leverage offeredUnlimited leverage
🔨 Instruments Available• Forex major pairs
• Minor currency pairs
• Exotic Forex pairs
• Energies
• Cryptocurrencies
• Stocks
• Indices
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💻 Maximum positionsUnlimited
📊 Hedged Margin (%)0
📞 Margin Call (%)60
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Standard Cent Account

👉 The minimum deposit for a Cent account is 120 BWP or an equivalent to $1, making it possible for Botswanans to start trading with small amounts of capital.

 

👉 Using the Standard Cent MT4 account, you can easily establish trading positions with smaller position sizes, making this account ideal for beginners who are learning to trade and experts who are testing their trading strategies.

 

👉 The Cent account has unlimited leverage ratios when compared to other brokers’ accounts. You will have infinite leverage on your Cent account.

Account FeatureValue
📉 Minimum Deposit Requirement120 BWP or an equivalent to $10
📊 Spreads Variable, from 0.3 pips
💰 Account Base CurrencyUSC, EUC, GBC, CHC, AUC, CAC
💳 Commission ChargesNone
📈 Maximum Leverage offeredUnlimited leverage
🔨 Instruments Available• Forex
• Metals
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💻 Maximum positions1000
📊 Hedged Margin (%)0
📞 Margin Call (%)60
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Raw Spread Account

👉 A trading account with competitive and tight spreads is ideal for scalpers, day traders, and algorithmic traders who are looking for competitive and tight spreads.

Account FeatureValue
📉 Minimum Deposit Requirement6,100 BWP or an equivalent to $500
📊 Spreads Variable, from 0.0 pips
💰 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💳 Commission ChargesUp to $3.5 per side, per lot
📈 Maximum Leverage offeredUnlimited leverage
🔨 Instruments Available• Forex
• Metals
• Cryptocurrencies
• Energies
• Stocks
• Indices
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💻 Maximum positionsUnlimited
📊 Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Zero Account

👉 No requotes are guaranteed while trading with the Zero Account. It also has among the most competitive spreads and costs possible when compared to similar accounts offered by other brokers.

Account FeatureValue
📉 Minimum Deposit Requirement6,100 BWP or an equivalent to $500
📊 Spreads Variable, from 0.0 pips
💰 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💳 Commission ChargesFrom $0.1 per side, per lot
📈 Maximum Leverage offeredUnlimited leverage
🔨 Instruments Available• Forex
• Metals
• Cryptocurrencies
• Energies
• Stocks
• Indices
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💻 Maximum positionsUnlimited
📊 Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionMarket Execution
☪️ Islamic AccountYes

 

Pro Account

👉 Professional Accounts are intended for Botswanan traders who have a thorough grasp of the financial markets. This account type offers trading conditions and benefits that professionals need to add a competitive edge to their trading.

Account FeatureValue
📉 Minimum Deposit Requirement6,100 BWP or an equivalent to $500
📊 Spreads Variable, from 0.1 pips
💰 Account Base CurrencyAED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR
💳 Commission ChargesNone
📈 Maximum Leverage offeredUnlimited leverage
🔨 Instruments Available• Forex
• Metals
• Cryptocurrencies
• Energies
• Stocks
• Indices
📉 Minimum lot size0.01 lots
📈 Maximum Lot Size• 200 lots from 7 am to 8h59 pm (GMT +0)
• 20 lots from 9 pm to 6h59 am (GMT +0)
💻 Maximum positionsUnlimited
📊 Hedged Margin (%)0
📞 Margin Call (%)30
🛑 Stop-out Level (%)0
📱 Order ExecutionInstant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies
☪️ Islamic AccountYes

 

Exness Base Account Currencies

👉 When Botswanan traders register a live trading account with Exness, they can choose from an impressive range of base currencies.

 

👉 While BWP is not one of these, Botswanans can open an account in AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, or ZAR.

 

Exness Demo Account

👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital. 

 

👉 There is a certain degree of risk involved when trading financial markets and Exness offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.

 

👉 The Exness demo account has all the features available on their live accounts. Before signing up for an actual account with Exness, you should make use of their demo account.

 

👉 However, like with every other broker, Botswanan traders should note that the environment (especially the spread or bid/ask pricing) on a demo account might be different from the environment on live accounts at times.

 

👉 Therefore, you should only utilize the trial account for developing your trading technique or to get an idea of how live trading works, and not to try and get an accurate idea of actual live spreads.

 

Exness Islamic Account

👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.

 

👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.

 

👉 The Islamic Account option is available on all of Exness’ live trading accounts, ensuring that Muslim traders of all experience levels, regardless of their trading goals, can engage in a variety of financial markets without the danger of being exposed to various sorts of interest.

How to open an Account with Exness in Botswana

👉 To register an account with Exness, Botswana Traders can follow these steps:

➡️ Start by going to the Exness home page and filling out the information in the New Account Section.

➡️ The website will take you to the Registration page, where you will be required to provide your General and Personal Information.

➡️ After you have filled out the necessary information, you must choose the kind of trading account with which you want to register by clicking on Open New Real Account and then choosing the trading account type.

➡️ In addition to picking the trading account type, you must also choose the leverage and the base currency for your trading operations throughout the process.

➡️ Finally, you must validate your account by providing supporting documentation such as identification and address confirmation.

➡️ Please keep in mind that it may take up to 24 hours to validate the papers. Once your account has been authenticated, you will get an email confirming your registration.

Exness Vs FBS Vs AvaTrade – Broker Comparison

ExnessFBSAvaTrade
⚖️ RegulationFSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCAIFSC, CySEC, ASIC, FSCACentral Bank of Ireland (CBI), BVI FSC, ASIC, FSCA, JFSA, FFAJ, ADGM, FRSA, CySEC, ISA
📱 Trading PlatformMetaTrader 4
MetaTrader 5
• MetaTrader 4
• MetaTrader 5
• FBS Trader
• CopyTrade
AvaTradeGO
AvaOptions
AvaSocial
MetaTrader 4
MetaTrader 5
DupliTrade
ZuluTrade
💰 Withdrawal FeeNoYesNo
📊 Demo AccountYesYesYes
📈 Minimum Deposit4,100 NGN12 BWP41,500 NGN
📊 LeverageUnlimitedUp to 1:30001:400
📊 SpreadVariable, from 0.0 pipsFrom 0.0 pipsFixed, from 0.9 pips
💰 CommissionsFrom $0.1 per side, per lotFrom $6None
✴️ Margin Call/Stop-Out60%/0%40% and 20%25%/10%
💻 Order ExecutionMarketSTP, ECNInstant
💳 No-Deposit BonusNoYesNo
📊 Cent AccountsYesYesNo
📈 Account TypesStandard Account
Standard Cent Account
Raw Spread Account
Zero Account
Pro Account
• FBS Cent Account
• FBS Micro Account
• FBS Standard Account
• FBS Zero Account
• FBS ECN Account
• FBS Crypto Account
Standard Live Account
Professional Account Option
⚖️ CBN RegulationNoNoNo
💳 NGN DepositsYesYesNo
📊 Botswanan Naira AccountNoNoNo
👥 Customer Service Hours24/724/724/5
📊 Retail Investor Accounts561
☪️ Islamic AccountYesYesYes
📉 Minimum Trade Size0.01 lots0.01 lots0.01 lots
📈 Maximum Trade SizeUnlimited500 lotsUnlimited
💰 Minimum Withdrawal TimeInstant15 to 20 minutes (maximum 48 hours)24 to 48 Hours
📊 Maximum Estimated Withdrawal TimeUp to 72 hoursUp to 7 daysUp to 10 days
💸 Instant Deposits and Instant Withdrawals?YesInstant DepositsNo

Exness Trading Platforms

👉 Exness offers Botswana Traders a choice between these trading platforms:

➡️ MetaTrader 4 on mobile, desktop, and web terminals

➡️ MetaTrader 5 on mobile, desktop, and web terminals

➡️ Exness Trader App

➡️ Exness Web Terminal

 

Desktop Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

 

MetaTrader 4

👉 Exness allows Botswanan traders to trade on MetaTrader 4 according to their own trading preferences. There are two execution options available when trading CFDs: Instant Execution and Market Execution. Regardless of the complexity of the trading strategy, Botswanans may trade their preferred financial products with ease with the desktop interface of MetaTrader 4.

 

MetaTrader 5

👉 MetaTrader 5 offers a specialized MetaEditor tool for building trading robots and technical indicators. Due to the tool’s contact with the platform, new applications will automatically appear in MetaTrader 5 and can be used immediately.

 

👉 The desktop trading platform Exness MetaTrader 5 has the following features:

➡️ Access to a range of tradable instruments

➡️ Spreads from as low as 0.0 pips

➡️ 21 timeframes along with 3 chart types

➡️ Different order types

➡️ A comprehensive hedging system

➡️ 38 built-in indicators, and more

 

WebTrader Platforms

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Terminal

 

MetaTrader 4

👉 Multiple instruments, including flexible trading techniques, algorithmic trading, and mobile trading, are now accessible on the terminal, allowing Botswanan traders of varying levels of expertise to engage in the financial markets.

 

👉 Botswanans may discover entry and exit locations, as well as market trends, with the assistance of Exness’ MetaTrader 4 WebTrader.

 

MetaTrader 5

👉 MetaTrader 5 is a platform for trading equities, options, and futures. WebTrader provides access to fundamental and technical research, trading signals, algorithmic trades, and other tools for fundamental and technical analysis.

 

👉 Investors in Botswana can easily stay updated with the latest financial news by listening to live radio broadcasts of financial news updates.

 

👉 Expert Advisors analyse market quotations and trade on the financial markets to automate trading on the Exness MT5 platform, and then execute transactions on the financial markets.

 

Exness Terminal

👉 The Exness Terminal provides traders with a full trading experience by way of its user-friendly interface and robust, innovative charting capabilities. The terminal provides aggressive traders with over 50 drawing tools and over 100 indicator types.

 

👉 In addition, TradingView provides charts on Exness Terminal, which was developed by the company’s brilliant programmers and designers. Additionally, the Exness Terminal is a reliable, quick, and user-friendly HTML 5 web application.

 

Trading App

➡️ MetaTrader 4

➡️ MetaTrader 5

➡️ Exness Trader app

 

MetaTrader 4 and 5

👉 The Exness MetaTrader 4 and 5 trading terminals are compatible with Windows, macOS, and Linux desktop PCs.

 

👉 Additionally, they are compatible with mobile devices. Due to the mobile trading capability accessible on iOS and Android smartphones and tablets, users with a packed schedule may trade while on the move.

 

👉 Traders in Botswana now have access to a wide range of essential components associated with both MetaTrader 4 and MetaTrader 5. This comprehensive range includes trading orders, interactive charts, and popular analytical tools, and can monitor their trading accounts and engage in mobile trading with a single click.

 

👉 Trading may also get push alerts and interact with other traders using these iOS and Android mobile apps.

 

Exness Trader app

👉 Thanks to Exness Trader, Botswanans can easily trade with confidence from any location around the globe. Traders can optimize their trading by using rapid deposits and withdrawals, in addition to on-demand customer service, while selecting from more than 200 instruments.

 

👉 The Exness Trader platform makes it easy for Botswanans to get started, since it includes all the required tools, like candlestick charts, indicators, and computational tools. CFDs on a variety of markets, including forex, gold, oil, and indices, may be discovered on the Exness trading app.

 

👉 Additionally, traders may effortlessly switch between several charts while keeping a continual eye on all trading activities.

Exness Range of Markets

👉 Botswana Traders can expect the following range of markets from Exness:

➡️ Forex Major Pairs

➡️ Forex Minor Pairs

➡️ Forex Exotic Pairs

➡️ Metals

➡️ Cryptocurrencies

➡️ Energies

➡️ Precious Metals

➡️ Stocks

➡️ Indices

 

Financial Instruments and Leverage offered by Exness

🔨 Instrument📱 Number of Assets Offered📈 Max Leverage Offered
Forex100• Equity 0 – 999: Unlimited
• 0 – 4,999: 1:2000
• 5,000 – 29,999: 1:1000
• 30,000+: 1:500
Precious Metals4• Equity 0 – 999: Unlimited
• 0 – 4,999: 1:2000
• 5,000 – 29,999: 1:1000
• 30,000+: 1:500
Indices11• 1:400 (US30, US50, USTEC)
• 1:200 all other Indices
Stocks100+1:20
Cryptocurrency141:25
Energies21:200

 

Broker Comparison for Range of Markets

🥇 Exness🏅 FBS🥉 AvaTrade
➡️️ ForexYesYesYes
➡️️ Precious MetalsYesYesYes
➡️️ ETFsNoNoYes
➡️️ CFDsYesYesYes
➡️️ IndicesYesYesYes
➡️️ StocksYesYesYes
➡️️ CryptocurrencyNoYesYes
➡️️ OptionsNoNoYes
➡️️ EnergiesYesYesYes
➡️️ BondsNoNoYes

Exness Trading and Non-Trading Fees

Spreads

👉 The spreads that Botswanan traders will be charged will vary depending on the kind of account that they choose to use, since each account is designed to accommodate a particular sort of trader. The following are the typical spreads that traders may anticipate seeing include:

 💰 EUR/USD💰 XAGUSD💰 BTC/USD💰 US Oil💰 AAPL💰 USTEC
➡️ Standard Account1 pip3.8 pips496 pips9.5 pips0.9 pips55 pips
➡️ Standard Cent Account1 pip3.8 pips
➡️ Raw Spread Account0 pips1.9 pips193 pips4.4 pips0.5 pips10 pips
➡️ Zero Account0 pips0.1 pips193 pips2.3 pips0.3 pips8.5 pips
➡️ Pro Account0.6 pips2.4 pips310 pips5.9 pips0.6 pips34 pips

 

Commissions

👉 A flat rate commission is imposed on some accounts to guarantee that the broker is compensated for the services provided in facilitating the deal. In this case, the commissions are levied on the following accounts:

➡️ Raw Spread Account – Up to $3.50 per side, per lot

➡️ Zero Account – From $0.1 per side, per lot

 

Overnight Fees, Rollovers, or Swaps

👉 While holding positions overnight, traders may expect to incur expenses that vary based on a range of factors, including the financial instrument being held, the length of time spent holding it, the size of the position, and the interbank rates at the time.

 

👉 The following are some examples of typical overnight fees that Botswanan traders should expect:

➡️ EUR/USD – a long swap of -0.63356 pips and a short swap of 0.14698 pips

➡️ XAG/USD – a log swap of -0.0857 pips and a short swap of -0.0597 pips

➡️ US OIL – a long swap of 0.65 pips and a short swap of -3.9 pips

 

Deposit and Withdrawal Fees

👉 Exness does not charge Botswanan traders any deposit or withdrawal fees.

 

Inactivity Fees

👉 There are no fees charged by Exness on any inactive accounts.

 

Currency Conversion Fees

👉 When Botswanan traders deposit or withdraw funds in BWP, they could face currency conversion funds.

Exness Deposits and Withdrawals

👉 Exness offers the following deposit and withdrawal methods:

➡️ Bitcoin

➡️ Debit Card

➡️ Credit Card

➡️ Internet Banking

➡️ Skrill

➡️ Neteller

➡️ Perfect Money

➡️ Tether (USDT OMNI)

➡️ WebMoney

➡️ Mybux

➡️ Ozow

 

Comparison: Deposit and Withdrawals

🥇 Exness🏅 FBS🥉 AvaTrade
Minimum Withdrawal TimeInstant15 to 20 minutes (maximum 48 hours)24 to 48 Hours
Maximum Estimated Withdrawal TimeUp to 72 hoursUp to 7 daysUp to 10 days
Instant Deposits and Instant Withdrawals?YesInstant DepositsNo

 

Exness Payment Method, Minimum Deposit and Withdrawal, and Processing Times

💰 Payment Method🔁 Deposit Processing💳 Withdrawal Processing💸 Min Deposit📉 Min Withdrawal
BitcoinUp to 72 hoursUp to 72 hours$10$10
Debit CardInstantUp to 72 hours$10$3
Credit CardInstantUp to 72 hours$10$3
Internet BankingInstantUp to 72 hours$10$4
SkrillInstantInstant$10$10
NetellerInstantInstant$10$4
Perfect MoneyInstantInstant$50$2
Tether (USDT OMNI)Up to 72 hoursUp to 72 hours$10$100
WebMoneyNoneInstantNone$1
MybuxInstantInstant$10$5
OzowInstantNone$10None

How to Deposit Funds with Exness

👉 To deposit funds to an account with Exness, Botswana Traders can follow these steps:

➡️ Botswanans must ensure that their identification and residence papers are acceptable on the website. If the account has not been confirmed, there are limits on deposits.

➡️ Depending on the kind of account, Botswanan traders must submit a minimum deposit to begin trading. The initial deposit for Standard accounts is determined by the chosen form of payment, while Professional accounts need a 6,100 BWP deposit.

➡️ Before choosing a payment method, verify the minimum deposit amount required.

➡️ Botswanan traders must withdraw in the same currency as their initial investment. Even if the deposit currency differs from the account currency, the exchange rate associated with the transaction applies.

➡️ Botswanan traders must ensure that they verify the account numbers and any other essential personal information as a precautionary measure.

Exness Fund Withdrawal Process

👉 To withdraw funds from an account with Exness, Botswana Traders can follow these steps:

➡️ Log into the Exness website’s Personal Area.

➡️ Select the “Withdrawal” tab from the dashboard.

➡️ Select a chosen payment option.

➡️ Enter the required information, including the bank account number, payment method information, and the amount to withdraw.

➡️ Confirm the transaction by entering the verification code given through SMS or email.

 

👉 Traders must know that the same payment method must be utilized to withdraw money as was used to fund their trading account. Traders who do not have access to this payment option may contact Exness’ customer service with evidence.

 

👉 The payment system must be in the trader’s name and correspond to the name they provided when opening a trading account. The withdrawal amount must always be entered in the same currency as the account.

Exness Education and Research

👉 Exness does not offer any basic educational materials but offers these trading tools and resources:

➡️ Analytical Tools

➡️ Trader’s Calculator

➡️ Economic Calendar

➡️ Currency Converter

➡️ Tick History

 

Research and Trading Tool Comparison

🥇 Exness🏅 FBS🥉 AvaTrade
➡️ Economic CalendarYesYesYes
➡️ VPSYesYesNo
➡️ AutoChartistNoNoNo
➡️ Trading ViewYesNoNo
➡️ Trading CentralYesNoYes
➡️ Market AnalysisYesYesYes
➡️ News FeedYesYesYes
➡️ BlogYesYesYes

Exness Bonuses and Promotions

👉 Exness does not currently offer any bonuses or promotions to Botswanan traders.

How to open an Affiliate Account with Exness

👉 To register an Affiliate Account, Botswana Traders can follow these steps:

➡️ Navigate to the official Exness website and hover over the “More” tab at the top of the toolbar.

➡️ Select “Partnership Program” from the list of options.

➡️ Click on the “Start Now” banner.

➡️ Complete the registration if you have not yet registered for the client area on Exness, or sign in.

➡️ Complete the Affiliation registration form and submit it to Exness for review.

➡️ Once your application is completed you can access the comprehensive affiliate package that Exness offers.

 

Exness Affiliate Program Features

👉 Exness is an industry leader in terms of appealing and regularly scheduled pay-outs. The broker provides its partners compensation of up to $1,770 for each referred customer that becomes an active client.

 

👉 Exness pays for both initial deposits (CPA) and leads (CPL), with CPA defined as follows:

➡️ Exness pays up to $1,770 based on the platform, the referrer’s place of residence, and the amount of their initial deposit with a $10 minimum.

➡️ Exness welcomes traffic from more than 40 countries globally

➡️ The broker provides regular monthly pay-outs and extra incentives for the greatest overall performance.

 

👉 The CPL plan provides the following benefits:

➡️ Up to $25 per registration, based on the referred user’s country of residence and the platform they employ.

➡️ The pay-out will rise according to the registration rate.

➡️ Exness welcomes visitors from more than 40 countries worldwide.

➡️ There are solid and consistent monthly pay-outs.

➡️ Optional bonuses are available for the greatest overall performance.

➡️ Botswanans must note that they need to contact the Exness Affiliate Department to pick this plan.

Exness Customer Support

👉 Traders who join Exness will find that the broker has award-winning, dedicated, and prompt customer support available through several communication channels.

Customer SupportExness’ Customer Support
⏰ Operating Hours• 24/5 for 15 languages
• 24/7 for English and Chinese
🗣 Support LanguagesEnglish, Chinese, Japanese, Portuguese, Thai, Vietnamese, and others
🗯 Live ChatYes
📧 Email AddressYes
☎️ Telephonic SupportYes
📞 Local Support in Botswana?No
🥇 Overall quality of Exness Support3/5

Exness Corporate Social Responsibility

👉 Exness has been providing investment services since its inception in 2008. CEO Petr Valov is excited about the company’s commitment to Corporate Social Responsibility (CSR) and the chance to give back to people around the globe.

 

👉 To assist people to attain their full potential in both professional and personal life, Exness provides a constant support system. This includes education, the environment, and tackling social and medical issues in the communities where people live and work.

 

👉 Exness is helping to provide educational possibilities that are relevant to future vocations for today’s youth.

Our Verdict on Exness

👉 Exness has received various accolades as a retail broker because it provides solid and dependable brokerage services in a trading environment designed to accommodate the most demanding traders. Even with Standard accounts, Exness’ standard spread is low.

 

👉 Furthermore, the spread is even narrower for Pro and Raw Spread accounts. Exness also provides Botswanan traders with a wide variety of account kinds to accommodate all experience levels.

 

👉 Exness also offers instantaneous withdrawal alternatives, a characteristic uncommon among forex brokers. Deposits and withdrawals are both free, so you do not have to pay any extra costs other than the banking fees levied by your payment provider.

Exness Pros and Cons

✔️ Pros❌ Cons
Exness has a global presence and has authorization and regulation with market regulators around the globeThere is a limited selection of tradable instruments and only a few asset classes
Exness offers instant withdrawals and depositsThere are only a few funding options offered
Botswanan traders have a choice between several dynamic account types
Client fund safety is guaranteed and there is investor protection offered
Exness offers 24/7 customer support that is both prompt and helpful
There are tight and variable spreads offered with competitive commissions

FAQ

Is Exness regulated?

Yes, Exness is regulated. Exness is licensed by one Tier-1 Regulator, two Tier-2 Regulators, and four Tier-3 Regulators (low trust).

 

How long does an Exness withdrawal take?

On the Exness side, withdrawal requests are handled either immediately or within 72 hours. The withdrawal request is then routed to processors and your bank, and it may take anywhere from one to fourteen working days for the cash to appear in your bank account.

Is Exness good for beginners?

Yes, the best forex broker for beginners is Exness. They provide many account options, including Standard Cent, Standard, Pro, and Zero. Their accounts provide very low spreads on the most popular currency pairings.

 

Does Exness have Nasdaq?

Yes, Exness provides access to Nasdaq via US TEC with spreads beginning from 6.5 pips and charges of $1 on the Raw Spread Account.

 

What is the minimum deposit for Exness?

The bare minimum deposit amount necessary to open a live trading account is ten dollars ($10 minimum), or the equivalent of 120 BWP depending on the current exchange rate between the USD and BWP.

 

Does Exness have Volatility 75?

No, Exness does not now provide the VIX 75, but it does offer numerous other popular indexes such as the AUS200, FR40, HK50, UK100, and several other options.

Conclusion

👉 Now it is your turn to participate:

➡️ Do you have any prior experience with Exness?

➡️ What was the determining factor in your decision to engage with Exness?

➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?

➡️ Have you experienced any issues with Exness such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?

 

👉 Regardless, please share your thoughts in the comments below.

Addendum/Disclosure:

👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.

10/10 - (2 votes)

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