| Overall | Commissions & Fees | Licensing & Safety | Platforms & Tools | |
|---|---|---|---|---|
| Points | 90 | 89 | 95 | 90 |
Overview – Fees and commissions – Safety – Opening an account – Account types – Trading Platforms – Markets and products – Research tools – Education and training – Customer support – Our verdict
Overview
With over 20 years of experience in the financial industry, Exinity Forex broker managed to establish itself as one of the innovators of new services. With a completely customer-oriented atmosphere, the broker made it possible to create a fast-growing fintech environment. Since 1998, Exinity FX broker has attracted millions of customers to its platform thanks to unique and tailored services.
Exinity has a presence in more than 100 countries and expands its reach step by step. In our Exinity review, we will talk more about the brokerage company and the services it offers to people from various countries.
Enjoy over 750 trading instruments- Decent Spreads and Leverage
- Friendly Customer Support
Large Minimum Deposit
Enjoy over 750 trading instruments
Large Minimum DepositOverall scores
In this review, you can find all the information you need to decide whether is the right broker for you. Our expert team has thoroughly explored the broker, using a tested methodology and scoring system. This process places importance on the things we know matter most to traders. Below you can see how scored in each of our high-priority categories
Fees and Commissions
When it comes to Forex brokers around the world, it is necessary to overview fees and commissions that are offered on the website. Exinity broker does not have account fees and offers competitive spreads. As long as you trade once a month you
will trade with zero account management. If you trade stocks, energies, indices, stock CFDs, or currency indices, the process will also be commission-free. Customers can hold positions up to 7 days swap-free and they will not be charged additionally. Spreads depend on the market you are trading but they can be as low as 0.
Safety
Exinity is a fully regulated and safe broker. On the main page of the website, you will see, that the broker is authorized and regulated by the Financial Services Regulatory Authority. The proof of ID is also indicated. The broker is eligible for providing services to eligible clients. We should also point out that clients’ funds are safe in a segregated Client Money account within large UAE banks. The safety of customers’ funds is a main priority of the broker and in addition, the brokerage company offers clients negative balance protection.
Opening an Account
Before you open a professional brokerage account with Exinity you need to meet the conditions set by the broker. Criteria are related to an investment portfolio, trading experience, and professional experience. At the same time, you need to be located in the Middle East and have a financial investment portfolio of $500,000 or more. When we talk about opening an account you need to have a certain understanding and experience in financial markets. Another important requirement from Exinity is that you have worked in a regulated financial institution or professional position of an Authorised Person.
Account Types
When you decide to sign up on Exinity’s website you can select a professional trading account. At the present moment, there is only one account available which is called Exinity Trader Pro. With this account, you can trade metals, energies, indices, stocks with flexible leverage. At the same time, you can get tight ECN spreads as low as 0. The account is easy to create as soon as you meet the requirements set by the broker. When you create an account make sure to follow the deposit requirements as well because the broker does not allow trading if the minimum deposit is not on your account.
Trading Platforms
In our Exinity review, we should also talk about trading platforms that are available on the website. Currently, you can have access to the following trading platforms: MetaTrader 4 and MetaTrader 5. With MetaTrader 5 trading platform, you are able to trade individual shares, commodities, stocks. Market news and economic calendar are integrated within the platform. In a nutshell, it is an improved version of MetaTrader 4, which, in its turn offers a customizable layout, powerful charting as well as the possibility to automate your trading strategies.
Markets and Products
The diversity of market instruments and products is vital for every Forex broker and Exinity is no exception. With the broker, you can trade Forex (minor, major, exotic currencies), Commodities (metals, energies), Indices (stock market indices), Stocks (popular US shares), Equity CFDs (US global brands), Currency indices (FX indices tracking the major pairs). In short, customers can try out every possible market that is convenient for them. This is an important aspect when choosing a Forex broker because the many possibilities for a client – the better. Each of these trading instruments has advantages and disadvantages so it is completely up to a customer to decide which one to select.
Research Tools
When we talk about research tools, they are instrumental for FX brokers, because with the help of these instruments you can get more information and knowledge about the financial sector. On Exinity, you can check different news and have a look at the official blog of the broker. The blog constantly updates information regarding the latest events and their impact on the world. The blog can be viewed on the right page of the website, in the “Thinking” section.
Education and Training
Another interesting thing that Exinity FX broker offers to its customers is an educational and trading platform, which is available to every client registered on the website. You can check the latest analysis from experts and find out their insight into different events. At the same time, you check the latest workshops and popular on-demand videos, where market specialists and analysts will help you build trading confidence and knowledge. Furthermore, your trading strategy will improve and in many ways, education and training on Exinity’s website is something you should definitely look for.
Customer Support
Without decent customer support, it is impossible to attract new clients, because support defines a lot in terms of the reputation of the broker. Exinity can be contacted through a mobile phone, e-mail, or live chat. At the bottom of the website, you can see the number and email. Depending on the number of requests it can take some time to answer your questions. Support is available to help for 24 hours. Live chat is also a possibility. By introducing yourself, indicating a preferred language you can send the message to the support group, which will get back to you shortly.
Our Verdict
After mentioning the features of Exinity FX broker the main question arises – is Exinity legit? First of all, the broker is completely licensed and there are no questions regarding the company’s legitimacy. It has been active for some time, and there are no doubts that it is licensed. The company also ensures that client’s funds are stored in safe hands, by introducing segregated client accounts. Negative balance protection is also available. The information on the website also states that the company has branches at several locations. In short, we would advise every trader to register on the website and start trading. The broker is certainly worth your attention.
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