Exness – Best Forex Broker in Algeria

Exness Overview

Exness is a global brokerage firm that has been providing online trading services since 2008. Headquartered in Limassol, Cyprus, Exness holds regulatory licences from key authorities including the Cyprus Financial Supervisory Authority (CySEC) and the Financial Conduct Authority (FCA) in the UK.

With a focus on technology, Exness offers traders a robust infrastructure for trading across more than 240 financial instruments including currency pairs, metals, indices, energies, stocks and cryptocurrencies. Key features include tight spreads from 0 pips, unlimited leverage up to 1:2000, fast execution speeds, and innovative trading platforms such as the Exness CopyTrade social trading network.

As one of the world’s most trusted retail forex brokers, Exness processes over USD 60 billion in monthly trading volume. With round-the-clock support in more than 15 languages, Exness aims to deliver an optimal trading experience tailored to the needs of its diverse client base spanning over 120 countries.

Standard, Professional and Islamic Accounts

Exness offers Algerian traders a choice of three main account types to match their trading needs:

• Standard accounts are suitable for novice traders looking for stable, low spreads and no commissions. These accounts offer access to over 40 currency pairs, metals, and cryptocurrencies. The minimum deposit is as low as $1 and the maximum leverage is as high as 1:2000.
• Pro accounts are ideal for advanced traders who prefer variable spreads from 0 pips and low commissions. Over 120 currency pairs, metals, cryptocurrencies, indices, stocks and commodities are available. Traders also get a range of accounts such as ECN, Zero and Pro under this category.
• Islamic accounts are Sharia-compliant for Muslim traders wishing to avoid swap fees and interest. In addition to no swap fees, Islamic accounts offer trading conditions and assets identical to standard and professional accounts.

Orders

Exness provides traders with a range of order types to implement trading strategies and control risk. Market orders enter positions instantly at current market prices – suitable for urgent entry and exit. Limit orders trade at set or better prices to minimise slippage. Stop orders become market orders when a certain trigger price is reached – useful for restricting losses. Limit stop orders combine stop and limit orders to exert more control over the price. Pull Orders track market movements with a set distance to lock in profits. Whether you’re closing trades, building positions or managing risk, Exness provides flexible order types and parameters to execute diverse trading plans.

Spreads on Popular Instruments

Exness offers competitive spreads on popular instruments such as currency pairs, metals, cryptocurrencies, indices, stocks, and commodities. Exness spreads change depending on account type, market conditions, and liquidity. Exness spreads are either fixed or variable, as follows:

• Fixed spreads are spreads that remain constant regardless of market fluctuations or liquidity. Fixed spreads are available for standard accounts and some professional accounts such as Pro accounts. Fixed spreads are suitable for traders who want to have a predictable trading cost and avoid sudden fluctuations in spreads.
• Variable spreads are spreads that change according to market and liquidity fluctuations. Variable spreads are available for professional accounts such as ECN and Zero accounts. Variable spreads are suitable for traders who want to take advantage of lower spreads during periods of high liquidity and volatilit

Here are some examples of Exness spreads on popular tools for different types of accounts:

For margin trading, Exness requires maintaining minimum margin levels on open transactions. Margin requirements depend on the leverage used – higher leverage requires less margin.

For example, using 1:100 leverage, positions must have at least 1% of their underlying value as margin. Therefore, a $10,000 position uses a margin of $100 under 1:100 leverage. Exness will automatically close positions if margin levels fall too low, forcing traders to properly manage risk.

Overall, the high leverage as well as Exness’ dynamic margin policies allow Algerian traders to control higher capital positions for potentially greater gains.