Exinity Broker Review – Is This Operator Trustworthy?
Having more than 20 years of experience in the financial industry, Exinity FX broker is one of the most reliable platforms on the market. The company is known for its fintech innovations that attract a lot of customers around the world. In addition, the broker has managed to gain a foothold in numerous countries, but primarily it is oriented towards the Middle East region.
The design and interface of the website are user-friendly and convenient. It is possible to access preferred sections without difficulties. In our Exinity review, we will further talk about the trading features of the broker and what it offers to clients.
Regulation
Is Exinity legit? This is a question that every trader asks before choosing a particular broker. We have explored it thoroughly and Exinity Forex broker is a completely legit operator. It is authorized and regulated by FSRA (Financial Services Regulatory Authority). The registration number and office are also indicated at the bottom of the website. In addition to having a license, the broker ensures that client’s funds are stored safely. Exinity follows all necessary regulations. Negative balance protection, as well as segregated accounts, are available on the broker’s website.
Assets/Trading Tools
The diversity of trading instruments and markets are necessary for a broker to distinguish itself from the other operators. On Exinity you can trade Forex, commodities, metals, indices, energies, stocks, shares, currency indices, equity CFDs all from a single account as soon as you register on the website. Low trading costs and high trade execution will help you to get the most out of these markets.
Depending on your trading style and preferences you can trade all instruments. Each of these instruments has pros and cons so it is completely up to you which one you are going to choose. Exinity ensures that traders have all the necessary information and tools for successful trading.
Platforms
On Exinity you can use 2 different platforms for trading: MetaTrader 4 and MetaTrader 5. MetaTrader 5 is designed in a way that you can trade a wide array of markets with flexibility including FX pairs, commodities, stocks, CFDs on indices. In addition, MetaTrader 5 has integrated market news, economic calendar, and sentiment.
MetaTrader 5 in its turn still remains one of the most popular platforms for currency trading among customers. Powerful charting and customizable layouts are comfortable for traders and it is possible to automate your trading strategies as well.
Accounts
At the present time, it is possible to open only a professional trading account, which is called Exinity Trader Pro. Before you register and create an account, you need to meet the requirements set by the broker, which is to provide your employment details and necessary qualifications regarding trading. There is no information regarding Islamic Account but as the broker focuses on the Middle East, for sure it will be available. Competitive spreads and leverage will make sure traders have a convenient atmosphere. Spreads can be as low as 0 and leverage is normally 1:25 depending on the trading instrument you are going to use. You can open a trading account in USD or AED.
Bonus/VIP program
Currently, there are no bonuses available on Exinity. A deposit bonus, which is the most popular form of bonus on Forex brokers’ websites, is not provided at the moment. As for VIP programs for loyal clients, there is no information on the website, but Exinity regularly updates its list of promotions, meaning that in the future there could be something interesting for traders. You need to make sure to meet the conditions set by the broker.
Mobile
Mobile trading has firmly entered Forex trading and trends of using smartphones instead of laptops have emerged in recent years. It comes as no surprise because everything is available in the palm of your hand and it is possible to access different markets, trading tools and execute transactions in a single click. Exinity FX broker unfortunately does not offer a separate trading app that can be downloaded on iOS and Android devices, but the mobile version of the website is fully responsible and full of different features. You can sign up on the website via your mobile phone and check different information and trading tools easily.
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Extra Features
In addition to providing trading instruments and services for clients, Exinity also has educational material and a blog available for clients. You can register at different online workshops where famous analysts and market specialists will help you boost your knowledge and skills, which is vital to succeeding in FX trading. In addition, the official blog of Exinity constantly updates recent information regarding the market and financial sector. The opinion of experts is provided on the website. They are professionals when it comes to investing and the information would be really valuable for both beginners and experienced traders. These features are completely free of charge for Exinity’s customers.
Support
Customer support is a cornerstone of any financial service provider. Whether we are talking about brokers or other entities, decent customer support is key to success. Even if everything is at its best on the broker’s website, there could be questions and problems, which require instant solutions from the broker’s side. Fortunately, customer support is on point on Exinity’s website. You can contact the support via e-mail, mobile phone, and live chat. E-mail and mobile phones are present at the bottom of the website. Depending on the number of requests, sometimes it could take several hours for the support group to respond. Live chat is also available, which is active 24 hours a day.
Deposit/Withdrawal
A minimum deposit to join Exinity Forex broker is $10,000. At the present moment, you can only use bank transfers for deposits and withdrawals. The processing time varies depending on your location, but normally it is in the range of 3-5 days. As for minimum withdrawals, there are no specific requirements, but your bank might charge an extra commission, so it is advisable to check it first with the bank, before executing the transaction. Deposits and withdrawals are highly secure and protected on the broker’s website.
Verdict
In our Exinity review, we have come to the conclusion of the broker – can Exinity be trusted? First of all, the broker is licensed and regulated by the FSRA, which is a trustworthy regulator when it comes to Forex brokers. Furthermore, the broker meets with regulations, and negative balance protection is provided alongside segregated accounts. More than 20 years of experience of the company also ensures that there are no question marks regarding its legitimacy. Overall, the broker meets all necessary requirements and criteria, thus we definitely recommend it to every trader.
FAQ
Is Exinity Legit?
Yes, Exinity is a completely legit and licensed Forex brokerage company, being authorized by the FRSA. Moreover, you can also see the registration number and proof of ID at the bottom of the website. Negative balance protection and segregated clients’ accounts, make sure that your funds are kept safe.
What is the minimum withdrawal amount?
There is no minimum withdrawal amount on Exinity. You can withdraw as much as you want through bank transfers, but your bank might charge an extra commission fee and it is recommended to check with your bank in advance, prior to making a request for withdrawal.