What is Exness Minimum Deposit?
If you are a trader who values platforms with flexible deposits, Exness is your best bet. This platform has accounts categorized into two groups — professional and standard. The standard account types in Exness don’t have a set min deposit. In fact, they accept deposits as low as $1. It’s, however, crucial to note that this amount can change depending on your chosen deposit method. For instance, the Exness min deposit when using Neteller, Skrill, and most bank cards is $10.
The lowest amount you can fund a professional account with this platform is $500. As you can see, Exness minimum deposit for professional accounts is higher. That’s because Exness has designed these types of accounts to specifically fit the most experienced traders.
Understanding the minimum deposit requirements for a trading tool is crucial. This is because it enables you to plan how much money you’ll need to spend any time you want to fund the account.
Exness account base currency
This platform offers various currencies to operate your account in. Besides the popular currencies such as USD, EUR, GBP, and bitcoin (BTC), you can set your base account currency to match your local currency.
Exness funding methods
This robust platform offers its users various funding methods. This makes it easy for traders to choose a funding option that suits their needs. One can fund their account on Exness using bank transfer, Bitcoin, credit card, and others. Exness is one online trading platform that has tried to tailor its funding methods to match location-based money transfer methods. That’s why you’ll find that in places like Malaysia, Exness offers traders a favorable environment by ensuring funding methods that comply with Islamic law.
A credit card is a convenient method for funding your Exness account. The platform accepts various cards, including Mastercard, Visa Electron, and Visa. What you need to know is that some regions may impose certain restrictions that might make credit card funding options or certain card providers unavailable in their country.
Anytime you use a Credit Card on your Exness account, the system saves it as one of the payment options. So, you’ll always find it in your deposit options unless you send a request to the support team to remove it.
Exness min deposit for credit cards is $10, or its equivalent in the user’s account currency. The platform charges no fees for recharging your account via a credit card.
If you follow current money trends, you’ll know that crypto coins are taking the financial industry by storm. The good news is that you won’t have a problem funding your Exness account in cryptocurrency. This option is available for people with an Exness Bitcoin wallet in their Personal Area. Exness Bitcoin deposits are available 24/7. If you use bitcoin with a standard account, you’ll need to deposit bitcoins that are equal to $10. Exness charges zero fees when funding via Bitcoin but you’ll be required to pay for your miner fee.
Exness offers the option to fund your account via local bank and wire transfer.
Local bank transfer
To use the local bank transfer option, account holders should check the deposit option in their Personal Area to see authorized banks. Not all local banks allow online money transfers.
Exness doesn’t charge any commission or fees on deposits made through bank transfer. It’s helpful for a user to check any limits and specific terms about bank transfers in their Personal Area. Have in mind that the options availed will depend on your country of residence and some limits might vary from region to region.
One benefit of using local bank transfers is that you can save on exchange rates. With Exness, you can open an account with your local currency as your base currency.
To fund your Exness account via online bank transfer,
- Go to your account’s Personal Area and tap “Deposit.”
- Hover through the options and pick online bank transfer.
- Specify the account due for a top-up and fill in the amount.
- Tap “Continue”. The system will display a summary of transactions for you to confirm
- Complete the transaction by following the on-screen prompts.
Wire transfers are highly accessible, fast, and secure. Exness allows users from around the globe to deposit funds conveniently via wire transfer courtesy of ClearBank. It’s however noteworthy that some regions don’t support wire transfers. To use this option, you should have a fully verified Exness profile and provide proof of identity. When using a wire transfer, the system will require you to provide some personal details such as your Bank account number, Bank name, account holder’s details, and SWIFT/BIC code.
Exness continues to offer innovative solutions for its traders. And in the area of deposits, this platform leads in adopting payment methods that fit users in specific regions. For instance, traders with Kenyan identity can deposit funds using Mpesa, while those registered with Chinese identity can use a Japan Credit Bureau bank card.
The platform also offers various Electronic Payment Systems (EPS) to fit users with different preferences. These include Sticpay, Neteller, Perfect Money, and Skrill. The only requirement to fund your account with any of these EPS is to have a registered account with the chosen system. It’s also important to confirm which Electronic Payment System is available for Exness clients in your specific country. These will appear in your Personal Area.
Exness deposit bonus
As of December 2022, Exness offers no sign-up or deposit bonuses. But the company guarantees its clients a commission-free trade, flexible minimum deposits, and low spreads.
Can I have Multiple Exness Accounts?
Yes. Exness is one powerful platform that enables users to operate multiple accounts from their Personal Area on MT4 and MT5 trading terminals. You can actually have about 400 live and demo accounts running on Exness without a glitch.
How to Withdraw Funds on Exness?
Exness offers quick withdrawals on its vast payment methods. The platform is designed to enable users to withdraw funds anytime and any day. You can view the payment systems available to you from your Personal Area. So login to this space and find “Withdrawal” to view available options. Each payment option shows the processing time and commission charges. In case you have a blocked payment option, you should see the reasons displayed beside it by our system. Choose a payment option and follow the prompts to withdraw funds. It’s important to observe general rules that govern withdrawals on Exness such as the payment system priority and the withdrawal limit.
Exness minimum deposit vs other brokers
Compared to most brokers, Exness offers a competitive trading environment for all types of traders. Exness minimum deposit is competitive, with accounts starting from as low as $1 if you find a payment method that doesn’t set its fund transfer limits.