There are many brokers we can recommend when you are trading in the South African market, but South Africans prefer Exness.
Exness has been in the market for many years – longer than most competitors – and is highly trusted.
Today, Exness broker is top-rated among traders in the UK, EU, and around the world due to its reliability, speed of execution, and low commissions.
Exness offers six types of assets, including currencies, stocks, and indices, on the MT4 and MT5 platforms, as well as a platform for professional traders.
Fast execution and reliability extend to the company’s mobile applications.
The protection of client funds, excellent business reputation, and compliance with regulatory requirements ensure that Exness traders can trade safely and efficiently in the market.
Who is Exness for the Job?
The Exness ecosystem is open to traders of all experience levels, from beginners to experts.
Different platforms and account types are available with transparent fees and asset prices.
Applying charting options and executing trades is very easy, both from a computer and from a mobile phone, especially when using MetaTrader with many advanced charting tools.
In addition to currencies, futures, indices, stocks, metals, and energies, cryptocurrency traders using MT4 and cTrader can trade CFDs on cryptocurrency pairs such as BTCUSD, ETHUSD, and XRPUSD.
Getting started with Exness is very easy, regardless of location or payment method, but the feature set favors more advanced users.
For example, there are no guaranteed stop-loss trades and few educational materials.
The modular cTrader platform is designed for multitasking, complex charting, and algorithm performance analysis.
While choosing the right combination of platforms (MT4, MT5) and account type can be difficult, once you have the knowledge, even novice traders will appreciate the benefits of a simple spread betting platform, automatic market news generator, and the ability to see the positions of other clients in the market.
The Exness platform is an advanced best crypto trading platform in South Africa, with a comprehensive set of analysis and charting tools.
A customizable toolbar allows you to place charts and windows in any order and use multiple chart options at the same time.
Wide range of CFD assets including over 70 currency pairs, over 24 indices, over 7 spot metals, over 3 spot energies, over 150 equities, and over 20 futures.
It is also possible to trade cryptocurrencies such as BTCUSD or ETHUSD through the currency section of MT4 (but not MT5).
In addition to MT4, MT5, a free beta version is available for South African users.
An important advantage of Exness is the support of various payment methods for deposits and withdrawals, including:
- bank transfers (which take an average of one business day)
- credit cards of major payment systems
- e-wallets like Neteller, Skrill, UnionPay
Also, South African users can store their funds in Exness, a secure center that ensures the safe movement of funds using various payment methods.
South African clients can rest assured that Exness is looking after their interests by submitting orders directly to liquidity providers without the involvement of an internal dealing desk.
Exness Compliance & Regulation
Exness is a highly regulated company that works closely with regulators in all regions where it operates.
For example, Exness is licensed by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) to serve the South African, UK and EU markets.
As required by the FCA, each Exness customer account is insured for up to $50,000 in the event of bankruptcy.
However, throughout its history, the company has never had problems with customer funds.
The company is also regulated by the:
- Financial Sector Regulatory Authority of South Africa (FSCA)
- Dubai Financial Market Commission (DFSA)
- Bahamas Securities Commission (SCB)
Cryptocurrency on the Exness Platform
At the moment, the total capitalization of the cryptocurrency market is approximately $900 billion.
At the same time, the value of the Forex market, back in 2019, was about $2.4 quadrillion or $2409 trillion.
Comparing these numbers prompted us to write this article, in which we will reveal a popular topic of debate in these 2 huge areas of the financial industry.
When people trade in the Exness markets, they trade one currency for another, relying on the assumption that the latter will appreciate in value over the former.
When this happens, the trader recovers a portion of his original investment and is rewarded with a profit.
Crypto assets trading also contains currency pairs in relation to real currencies (BTC/USDT, ETH/USDT).
Exness works with international official government currencies.
It is open 24 hours a day, 5 days a week, and uses decentralized OTC trading.
The Exness market is the largest trading market in the world with a daily trading volume of around $5 trillion.
Participants in this market are financial institutions, banks, businesses, and retail investors who exchange national currencies either for commercial purposes or for profit.
This market arose from the creation of the gold standard in the 19th century and the subsequent establishment of the US dollar as the world’s reserve currency in the next century.
The advent of online trading in the 90s made trading on the Exness market more accessible than ever, allowing the market to expand to its current enormous size.
Exness is known as a dynamic and rather volatile market, which attracts traders.
It is this volatility that makes it possible to earn more money.
Often, volatility is associated with political and economic news, economic performance, changes in interest rates, as well as international relations, especially with South Africa.
Reliability and Security
Exness’s highest reliability rating among South African clients and financial institutions in the sector is based on several factors.
Firstly, the broker is regulated in the UK, known for its strict requirements to guarantee coverage of investor funds up to $50,000.
In addition, Exness works closely with regulators in all regions of its presence, fully complying with all provisions of the law, including regarding the collection and protection of customer data.
All customer funds are kept in segregated accounts at Tier 1 banks.
A credit rating of 95 and advanced financial and data protection technologies characterize Exness as a reliable and stable broker.
With Exness, you can earn on the prices of all cryptocurrency CFDs, including Bitcoin, Ripple, Bitcoin Cash, Ethereum, Litecoin, and more.