Exness Review
Exness Demo Account
Overall, Exness offers a free demo account. Demo accounts are available on all accounts. The Exness Demo Account interface is ideal for traders who want to learn to trade without incurring any trading risks or losses and has a trust score of 97% out of 100 in Botswana.
In this guide, we will explain:
- Louis Schoeman
Jump to:
Demo Account Overview
How to set up a demo account
Demo Account Features
Pros and Cons
Final Verdict
FAQ
Exness at the Glance
| 🏛 Headquartered | Cyprus |
| 🌎 Global Offices | South 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) |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2008 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Facebook • YouTube |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 1️⃣ Tier-1 Licenses | Financial 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 Regulation | None |
| ✔️ Regional Restrictions | The United States |
| ☪️ Islamic Account | Yes |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 5 |
| ✔️ PAMM Accounts | No |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | 0.0 pips EUR/USD |
| 📉 Minimum Commission per Trade | From $0.1 per side, per lot |
| 💰 Decimal Pricing | 5th decimal pricing after the comma |
| 📞 Margin Call | 60% |
| 🛑 Stop-Out | 0% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | Unlimited |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | No |
| 📈 Maximum Leverage | Unlimited |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 188 or an equivalent to $10 |
| ✔️ Botswana Pula Deposits Allowed? | Yes |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based Exness customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • Debit Card • Credit Card • Internet Banking • Skrill • Neteller • Bank Wire |
| 💻 Minimum Withdrawal Time | Instant |
| ⏰ Maximum Estimated Withdrawal Time | Up to 72 hours |
| 💳 Instant Deposits and Instant Withdrawals? | Yes |
| 🏛 Segregated Accounts with Botswana Banks? | No |
| 📱 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • Terminal • Trader app |
| 💻 Tradable Assets | • Forex • Metals • Energies • Indices • Stocks |
| ✔️ Offers USD/BWP currency pair? | No |
| 📊 USD/BWP Average Spread | N/A |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | English, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/7 |
| 📞 Botswana-based customer support? | No |
| 💸 Bonuses and Promotions for Botswanans? | No |
| 📚 Education for Botswanan beginner traders | No |
| 📱 Proprietary trading software | Yes |
| 🤝 Most Successful Trader in Botswana | Unknown |
| ✔️ Is the broker a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for Exness Botswana | 8/10 |
| 🥇 Trust score for Exness Botswana | 97% |
| 👉 Open Account | 👉 Open Account |
How to set up a Demo Account – Step by Step
To register a demo account with Exness, traders can follow these steps:
Step 1 : Join Exness
Traders in Botswana who are interested in signing up can do so by going to the official Exness website and moving their mouse pointer to the right side of the page.
Step 2: Registration Form
There, they will discover a brief registration form. Traders can continue with the process by supplying an email address that is up to date and functional as well as a password that is robust enough to protect their accounts.
Step 3: Log In
Once the process is finished, traders can log in to the website to access their personal section or account. From this area, traders will be able to create new accounts and move between demo and real trading accounts.
Traders can easily view their demo accounts by clicking on the “Demo” banner located on their trading platform.
This account is pre-loaded with $10,000 in fictitious money that may be utilized when traversing real markets using the practice account, and Botswanans can spend this money on trading activities as they choose.
Exness Demo Account Features
The demo account provided by Exness can be used on any of the broker’s real trading accounts. This provides Botswana traders with a comprehensive understanding of the many trading circumstances that are accessible.
The two most advanced trading platforms that traders have access to for the purpose of the execution of transactions are MetaTrader 4 and MetaTrader 5, respectively.
Traders can do in-depth research on both the fundamental and technical aspects of the market using the demo account, as well as use sophisticated trading tools, technical indicators, and other features available on both trading platforms.
The trial account is used by a lot of experienced traders so that they may test out their trading strategies. A demo account offers traders a risk-free environment in which they may practice and perfect their trading strategies before putting them into action in actual trading.
Demo accounts, like as the one offered by Exness, are an excellent opportunity for new traders to hone their skills and gain experience before venturing into the more high-stakes world of real-money trading in volatile live markets.
What is an Exness Demo Account, and What Features Does It Offer?
Demo Account is a simulated trading account that allows traders to practice trading in a risk-free environment using virtual funds. It is designed to replicate real-market conditions without the need for actual financial investments.
What Features Does the Exness Demo Account Offer?
The Exness Demo Account offers a simulated trading experience with the following features:
Virtual Funds:
The Demo Account provides traders with virtual funds for risk-free practice.
Real-Time Market Conditions: Experience real-market conditions with live price feeds and market movements.
Diverse Instruments:
Access a variety of financial instruments, including forex, commodities, and indices.
Trading Platforms:
Use Exness’ trading platforms to explore tools and functionalities.
Technical Analysis:
Utilize charts and indicators for technical analysis.
Educational Tool:
Learn trading concepts, test strategies, and improve skills.
No Expiry:
Demo Accounts typically have no time limit for practice.
Safe Practice:
Experiment with strategies without risking real money.
Exness Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Botswanans can choose between MT4 and MT5 for the practice account | Exness does not offer comprehensive education for beginners |
| While Exness does not offer comprehensive education for beginners, there are other resources offered to novices to guide them | There is a very limited number of tradable instruments offered |
| The risk-free environment of the demo account is ideal for beginners who want to start practicing their trading | |
| The demo account is available indefinitely |
Verdict on Exness
Overall, Exness is very competitive in terms of its trading fees and spreads.
What is the Verdict on Exness as a Broker?
The overall verdict on Exness as a broker is favorable. Exness is recognized for its commitment to transparency, offering traders reliable trading conditions and a diverse range of trading instruments. The broker’s competitive spreads, efficient order execution, and the availability of multiple account types cater to both novice and experienced traders. Moreover, Exness provides access to industry-standard trading platforms like MetaTrader 4 and MetaTrader 5, enhancing traders’ trading experiences. However, as with any decision involving financial services, individual preferences play a significant role. It’s crucial for traders to evaluate Exness against their personal trading goals, risk tolerance, and specific requirements to determine if the broker aligns with their needs.
What Factors Should I Consider in Forming my Verdict on Exness?
When forming a verdict on Exness, it’s important to consider several key factors. Regulatory compliance is paramount, and Exness is regulated by reputable authorities, contributing to its credibility. Assess trading conditions, encompassing spreads, leverage, and available instruments, to ensure they are in line with your trading strategies. The variety of trading platforms and their features, coupled with the broker’s fee structure, including spreads and commissions, should align with your preferences. Evaluate the efficiency of customer support, the quality of educational resources, and research tools available. Prioritize security measures and technological infrastructure that safeguard your investments. Lastly, gauging user reviews and engaging with Exness through demo accounts can provide firsthand experience to aid your decision. Remember that your verdict should reflect how well Exness addresses your individual trading aspirations and requirements.
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Conclusion
Now it is your turn to participate:
Do you have any prior experience?
What was the determining factor in your decision to engage?
Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
Have you experienced any issues such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below
Frequently Asked Questions
For how long can I use the Exness demo account?
The Exness practice account does not expire, and you can use it for an unlimited time.
Which live accounts can I demo with Exness?
Exness provides you a choice between these live accounts that you can demo:
- Standard Account
- Standard Cent Account
- Raw Spread Account
- Zero Account
- Pro Account
How can I top up my Exness demo account funds?
If your demo balance is low or depleted, you can reset the funds in the client portal.
Can I open more than one Exness demo account?
Yes, you can have more than one demo account with Exness. However, you cannot have more than one of the same account types set as a demo.
Which account should I register after the Exness demo account?
The next step after an Exness demo is the Standard Cent Account.
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.
