Exness Review
Exness Minimum Deposit
Overall, the Exness Minimum Deposit amount required to register a live trading account is $10, this minimum deposit is equivalent to 188 Botswanan Pula (BWP). Exness can be summarized as a trustworthy and regulated CMA broker that offers 0% deposit and withdrawal fees.
- Louis Schoeman
Jump to:
Minimum Deposit Overview
Deposit Fees and Methods
Step By Step guide to depositing the Minimum Deposit
Pros and Cons
Final Verdict
FAQ
Exness at a 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 |
Exness Minimum Deposit
Exness charges a minimum deposit amount of 10 USD.
This is equivalent to 188 Botswanan Pula (BWP) at the average exchange rate between the United States Dollar and the Botswanan Pula.
Exness is governed and licensed by several international organizations, including the FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA, but not the Capital Markets Authority (CMA).
These severe regulatory organizations dictate that all client funds be maintained in segregated accounts at top-tier banks, apart from the broker account.
This money cannot be used to satisfy the broker’s financial commitments or operational demands; it must only be used to assist traders’ trading activities.
In addition, this cash must be promptly accessible for withdrawal at any time. Exness is a reputable organization that offers a safe, fair, and secure trading environment that is regulated, protected, and secured using some of the most modern protocols and security measures in the industry.
How Does the Exness Minimum Deposit Affect Traders?
The deposit requirement has several implications for traders. Firstly, it influences accessibility, as a lower deposit can make trading available to individuals with smaller capital amounts who wish to participate in the financial markets. Secondly, the choice of account type is impacted, as different account types often come with varying deposit levels, allowing traders to select an account that suits their financial situation and trading preferences.
Additionally, a lower deposit can facilitate diversification, enabling traders to spread their capital across multiple trading instruments. It also plays a role in risk management, allowing traders to start with a modest amount and gradually build their exposure. However, traders should always ensure that the chosen account type and broker align with their trading goals, risk tolerance, and overall trading strategy.
What is the Exness Minimum Deposit Requirement?
The Exness minimum deposit requirement refers to the smallest initial amount of money that traders need to deposit into their trading account to begin trading. This requirement can vary based on the type of trading account a trader chooses and the financial instruments they intend to trade.
Exness Deposit fees and deposit methods
Exness does not charge any deposit fees when Botswana traders fund their accounts. When paying the minimum deposit amount, traders can use any of the following methods:
Debit Card
Credit Card
Internet Banking
Skrill
Neteller
Perfect Money
Tether (USDT OMNI)
WebMoney
Mybux
Ozow
When traders make the Minimum Deposit, they could utilize any of the supported deposit currencies according to their selected form of payment. Exness is one of the only brokers that offer such an extensive range of currencies for deposits, withdrawals, and as base currencies for accounts.
What are Exness Deposit Fees and Deposit Methods?
Exness offers a range of convenient deposit methods to fund trading accounts, allowing traders to add funds easily. These methods include bank transfers, credit/debit cards, electronic wallets (e-wallets), and online payment systems.
How Do Exness Deposit Fees and Deposit Methods Affect Traders?
Exness’ variety of deposit methods and the generally fee-free approach to deposits benefit traders in multiple ways. The diverse options make it convenient for traders from different regions to fund their accounts using the method that suits them best.
A step-by-step guide to depositing the minimum amount
Funding your account with Exness consists of the following 5 steps:
Step 1 – Click on Deposit in your Personal Area.
Log into your dashboard and hover the right-hand side and click on the deposit button.
Step 2 – Choose a payment method from the listed options.
Note that the payment methods available may vary based on your Personal Area’s registration location. To filter the instant methods, switch on Only Instant Methods.
Step 3 – Fill in the necessary details
Complete the required details which include the amount you wish to deposit, preferred currency and which account to fund.
Step 4 – You will be redirected to your chosen payment system’s website
Here you can – complete your transfer.
Step 5 – Once completed you will be able to view your Transaction history.
Here you will see the details like transaction ID and the status of all your transactions.
Exness Botswana Pros and Cons
| ✔️ Pros | ❌ Cons |
| Exness has an ultra-low minimum deposit requirement | Botswanans could face excessive banking fees |
| Botswanans can use BWP as a deposit currency and account base currency | |
| Deposit fees are not charged | |
| There are a few local payment options for Botswanans | |
| Exness supports instant deposits |
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 consensus on Exness as a broker is generally positive. Exness is known for its transparent operations, multiple account types, and a wide range of trading instruments.
What Factors Should I Consider When Forming My Verdict on Exness?
When forming a verdict on Exness, consider various factors, including regulatory compliance, trading conditions, available account types, fees, trading platforms, customer support quality, educational resources, and user reviews.
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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
Can I open a BWP account with Exness?
Yes, Exness offers Botswanans the ability to register a trading account and set BWP as the base currency.
Does Exness charge currency conversion fees?
Exness only charges currency conversion fees when traders deposit or withdraw in a currency other than the base currency.
What is the minimum deposit when I register an Exness account?
The minimum deposit amount required is 10 USD / 188 BWP.
How long will my deposit with Exness take to reflect?
Some deposits are instant, while others can take up to 72 hours.
What does Exness do with my money?
Exness keeps all client funds in segregated accounts with top-tier banks, away from the broker account where operational funds are kept.
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.
