EXNESS in India | Comprehensive Review
Dipping your toes into the world of Forex trading requires a trustworthy platform. And regarding reliability, EXNESS is one of the leading platforms in India, emerging as a promising option for both novice and experienced traders. Traders Union has published the Exness review for India with its advantages, main features, and trading conditions.
Is the Forex market legit in India?
Exness review India was published by TU, and according to their experts, the Forex market in India is legal and accessible. SEBI (Securities and Exchange Board of India), the country’s financial regulatory body, only allows trading with a regulated broker. Legitimate brokers grant access to currency pairs trading and Forex options such as EUR/INR, GBP/INR, JPY/INR, USD/INR, and EUR/USD. CFDs and other currency pairs are officially prohibited, hence only accessible through offshore brokers.
There are no special requirements to start Forex trading in India. After choosing a broker, a trader can visit its website, register, and verify their account, which is mandatory for Indian traders. Upon verification, traders can fund their accounts and begin trading. However, trading with offshore brokers could lead to complications with tax authorities, so it is wise to be cautious.
Advantages of Exness for trading in India
Traders Union experts conducted a thorough analysis of Exness for Indian traders. The company presents many advantages, such as:
- The broker offers tick history, making it unique.
- A minimum of 14 days of trading and lifetime deposits of $500 are needed to qualify.
- It provides segregated accounts to secure customer funds.
- Exness has a low spread, making trading more profitable.
- It hosts a Social Trading application where traders can formulate their own strategies.
- It allows instant withdrawal of funds.
Moreover, the platform imposes no restrictions on strategies; hedging and locking orders are readily available.
Trading conditions for Exness traders from India
When choosing a company, it’s essential to assess its trading conditions. Traders Union experts have prepared a comparison of Exness trading conditions for Indian traders:
- Trading platform: MT4, MT5, Exness Trade Terminal, MT4 Web-Terminal, Mobile Platforms
- Accounts: Standard, Standard Cent, Standard Plus, Raw Spread, Zero, Pro
- Account currency: 35+ currencies, including EUR, CHF, ZAR, INR, and others
- Replenishment/Withdrawal: Bank cards (deposit), Neteller, Skrill, Perfect Money, Webmoney, Tether, USD Coin, internal transfers
- Minimum deposit: $1 for Standard, Standard Cent, Standard Plus and $200 for Raw Spread, Zero, Pro
- Leverage: 1:2000 initially, 1:Unlimited under certain conditions
- Min Order: 0.01 lot
- Spread: From 0.3 pips, varying as per the account type
- Instruments: Currencies, assets of stock and commodity markets, cryptocurrencies
- Mobile trading: Available
- Affiliate program: Available
Forex trading in India is flourishing, and platforms like Exness provide an excellent foundation for Indian traders to excel. With commendable features, flexible conditions, and promising scores, Exness is paving the way for profitable Forex trading in India.
We hope that this comprehensive EXNESS review has provided you with valuable insights. For more information and in-depth reviews of other Forex platforms, we encourage you to visit Traders Union’s official website.