Exness Review
Overall, Exness is considered low-risk, with an overall Trust Score of 97 out of 100. Exness is licensed by one Tier-1 Regulator (high trust), two Tier-2 Regulators (average trust), and four Tier-3 Regulators (low trust). Exness offers five different retail trading accounts namely a Standard Account, Standard Cent Account, Raw Spread Account, Zero Account, and Pro Account. Exness is currently not regulated by the Bank of Tanzania.
- Lesche Duvenage
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Exness Review – 25 key points quick overview:
Exness Overview- Exness At a Glance
- Exness Regulation and Safety of Funds
- Exness Awards and Recognition
- Exness Account Types and Features
- How to open an Account with Exness
- Exness Vs HotForex Vs XM – Broker Comparison
- Exness Trading Platforms
- Exness Range of Markets
- Broker Comparison for Range of Markets
- Exness Trading and Non-Trading Fees
- Exness Deposits and Withdrawals
- How to Deposit Funds with Exness
- Exness Fund Withdrawal Process
- Exness Education and Research
- Exness Bonuses and Promotions
- How to open an Affiliate Account with Exness
- Exness Affiliate Program Features
- Exness Customer Support
- Exness Corporate Social Responsibility
- Verdict on Exness
- Exness Current Popularity Trends
- Exness Pros and Cons
- Frequently Asked Questions
- Conclusion
Exness Overview
Exness accepts Tanzanian clients and has an average spread from 0.0 pips with commissions from $0.1 per lot, per side. Exness has an unlimited maximum leverage ratio and there is a demo and Islamic account available. MT4, MT5, and Exness platforms are supported. Exness is headquartered in Cyprus and regulated by FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.
This is the brand name for the worldwide brokerage business, which has offices in Cyprus, the United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao. Exness provides its services via offices in Cyprus, the United Kingdom, Seychelles, and South Africa.
Exness’ account-opening procedure is quite simple, and novice traders will like the fact that they may begin trading immediately after completing the process without having to wait for verification of their account.
In addition to providing detailed research in both video and textual media, Exness does not provide any teaching material or comprehensive trading tools. This Exness review for Tanzania will provide local retail traders with the details that they need to consider whether Exness is suited to their unique trading objectives and needs.
Exness Distribution of Traders
Exness currently has the largest market share in these countries:
Thailand – 42.9%
Vietnam – 24.7%
India – 11.7%
South Africa – 9.6%
Saudi Arabia – 0.96%
Popularity among traders who choose Exness
Even though Exness has a market share of less than 5% in Tanzania, it is one of the most active forex brokers in Africa, ranking it in the Top 20 forex brokers for Tanzanian traders.
Exness At a Glance
| 🏛️ Headquartered | Cyprus, with offices in United Kingdom, Seychelles, South Africa, the British Virgin Islands, and Curaçao |
| Global Offices | South Africa, Cyprus, United Kingdom, Seychelles |
| Local Market Regulator in Tanzania | Bank of Tanzania (BoT) |
| Foreign Direct Investment in Tanzania | $0.99B in 2019 |
| Foreign Exchange Reserves in Tanzania | 6.714 billion US dollars in 2021 |
| 🏛️ Local office in Dodoma? | No |
| Governor of SEC in Tanzania | None, Benno Ndulu is the Central Bank Governor in Tanzania |
| 👍 Accepts Tanzanian Traders? | Yes |
| 📅 Year Founded | 2008 |
| 📱 Tanzanian Office Contact Number | None |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA |
| 🔎License Number | Seychelles – SD025 Curaçao – 0003LSI British Virgin Islands – SIBA/L/20/1133 Mauritius – GB20025294 South Africa – FSP 51024 Cyprus – 178/12 United Kingdom – 730729 |
| ⚖️ BoT Regulation | None |
| ✴️ Regional Restrictions | The United States |
| ☪️ Islamic Account | Yes |
| 📈 Demo Account | Yes |
| 📈 Retail Investor Accounts | 5 |
| 🚀 Offers a TZS Account? | No |
| 💻 Dedicated Tanzanian Account Manager? | No |
| 📈 Maximum Leverage | Unlimited |
| 📈 Leverage Restrictions for Tanzania? | No |
| 💳 Minimum Deposit (TZS) | 23,200 TZS or an equivalent to $10 |
| 💳 Tanzanian Shilling Deposits Allowed? | Yes |
| 💰 Active Tanzanian Trader Stats | 50,000+ |
| 👥 Active Tanzanian-based Exness customers | Unknown |
| 💰 Tanzanian Daily Forex Turnover | Unknown, overall Forex Daily Trading Volume is over $6.6 Trillion |
| 💳 Deposit and Withdrawal Options | Bitcoin Debit Card Credit Card Internet Banking Skrill Neteller Perfect Money Tether (USDT OMNI) WebMoney Mybux Ozow |
| 💰 Segregated Accounts with Tanzanian Banks? | No |
| 💻 Trading Platforms | MetaTrader 4, MetaTrader 5, Exness Terminal, Exness Trader app |
| 💰 Tradable Assets | Forex Metals Crypto Energies Indices Stocks |
| 🌐 Offers USD/NAD currency pair? | No |
| 🌐 USD/NAD Average Spread | N/A |
| 📈 Offers Tanzanian Stocks and CFDs | No |
| 👨💼 Languages supported on Website | English, French, Indonesian, Portuguese, Spanish, Vietnamese, Arabic, Thai, Chinese (Simplified), Japanese, Korean, Urdu, Bengali, Hindi |
| 👥 Customer Support Languages | Multilingual |
| 👥 Customer Service Hours | 24/7 |
| 👥 Tanzanian-based customer support? | No |
| 💰 Bonuses and Promotions for Tanzanians | None |
| ✴️ Education for Tanzanian beginners | No |
| 📊 Proprietary trading software | Yes |
| 💰 Most Successful Tanzanian Trader | Unknown |
| ✔️ Is Exness a safe broker for Tanzanian? | Yes |
| ✔️ Rating for Exness Tanzania | 8/10 |
| ✔️ Trust score for Exness Tanzania | 97% |
| 👉 Open an account | 👉 Open Account |
Exness Regulation and Safety of Funds
Exness Regulation in Tanzania
Exness is currently not regulated locally in Tanzania but holds regulations and authorization with several other global market regulators.
Exness Global Regulations
As a multi-regulated broker and firm, Exness has offices across the world. The following agencies govern and manage Exness:
Exness is licensed by the Financial Services Authority (FSA) in Seychelles under license number SD025
The Central Bank of the Caribbean and Sint Maarten (CBCS) through Exness B.V, a reputable securities dealer. Services are provided to people and territories outside the European Economic Area by this organization, which has a license under the number 0003LSI.
British Virgin Islands Financial Services Commission (FSC) registration number 2032226 and license number SIBA/L/20/1133 govern the operations of Exness VG Limited.
The Financial Services Commission (FSC) of Mauritius has governed and overseen Tortelo Limited. Exness is registered as an Investment Dealer or Full-Service Dealer under the number 176967 and operates under the license number GB20025294, excluding underwriting.
As a Financial Services Provider in South Africa, Vlerizo (Pty) Limited is regulated by the Financial Sector Conduct Authority (FSCA) with license number 51024.
Cyprus Securities and Exchange Commission (CySEC) license number 178/12 is assigned to Exness (Cy) Ltd, a business registered in Cyprus.
In addition, Exness (UK) Limited has been authorized by the Financial Conduct Authority (FCA) as a regulated, registered, and authorized Investment Firm under license number 730729.
Exness Client Fund Security and Safety Features
Customers’ funds are held in segregated accounts with top-tier financial institutions in all the areas where Exness offers services to the public.
Exness is also a member of the Financial Commission, which oversees the financial sector. A primary responsibility of the Financial Commission is the resolution of disagreements in the financial services industry, with a special focus on the foreign exchange market.
For its members, the Financial Commission provides several services, including a compensation fund that may be seen as an insurance policy for the customers of those members. The Financial Commission provides coverage up to a maximum of €20,000 per client.
Exness Awards and Recognition
Exness has accumulated several industry awards over the past few years, with the most recent awards including:
Best Global Forex Customer Service (2019)
Best Global Forex Trading Experience (2019), and many more.
Exness Account Types and Features
Exness offers both Standard and Professional accounts. Various levels of trading experience and distinct trading styles will lead to a wide range of account options. Subsequently, Tanzanian traders have a choice between:
➡️ Standard Account
➡️ Standard Cent Account
➡️ Raw Spread Account
➡️ Zero Account
➡️ Pro Account
Exness Live Trading Accounts
Standard Account
Exness Standard is a general-purpose account that is suitable for all users. This group includes both newcomers and seasoned investors. This kind of account is opened by around 80% of traders in Exness, according to statistics offered by Exness.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 23,200 TZS or an equivalent to $10 |
| 📊 Spreads | Variable, from 0.3 pips |
| 💵 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, KES, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 💸 Commission Charges | None |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex major pairs, minor currency pairs, exotic pairs, energies, cryptocurrencies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 60 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
Standard Cent Account
The Standard Cent Account is the ideal choice for novices since it provides a realistic sense of what it is like to be a trader. Whether it is the price volatility, the spread, or the slippage, the trader will have a good understanding of what Forex risk is with this account.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 23,200 TZS or an equivalent to $10 |
| 📊 Spreads | Variable, from 0.3 pips |
| 💵 Account Base Currency | USC, EUC, GBC, CHC, AUC, CAC |
| 💸 Commission Charges | None |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex, Metals |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | 1000 |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 60 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
Raw Spread Account
This account was added in recent years and while many characteristics of this account are like those of Exness Zero, the spread is higher. With the Raw Spread Account, Tanzanian traders can expect the following unique trading conditions and features.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 1,100,000 TZS or an equivalent to $500 |
| 📊 Spreads | Variable, from 0.0 pips |
| 💵 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 💸 Commission Charges | Up to $3.5 per side, per lot |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex, metals, cryptocurrencies, energies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 30 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
Zero Account
It is a zero-type account, which means that it will be more suitable for high-frequency, high-volume, fast-paced trading strategies of day traders and scalpers. This account uses the Electronic Communication Network (ECN) to ensure that Tanzanian traders get the best possible pricing.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 1,100,000 TZS or an equivalent to $500 |
| 📊 Spreads | Variable, from 0.0 pips |
| 💵 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 💸 Commission Charges | From $0.1 per side, per lot |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex, metals, cryptocurrencies, energies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 30 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Market Execution |
| ☪️ Islamic Account | Yes |
Pro Account
A study of the Exness Pro Account reveals that it is the best alternative for trading experts and professionals who are serious about the Forex Market. Tanzanian traders tend to like the Exness website’s flexibility and its user-friendly layout, which makes it a pleasant trading environment.
When compared to other Forex Trading Brokers, the Exness Pro Account allows investors to make millions of transactions without paying commission fees.
Additionally, the spread on the Exness Pro Account is minimal, which is an advantage for Exness as most experienced Tanzanian traders typically prefer trading with forex brokers that charge reduced spreads. In addition, this account is in great demand since it offers spreads from as little as 0.1 pips.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 1,100,000 TZS or an equivalent to $500 |
| 📊 Spreads | Variable, from 0.0 pips |
| 💵 Account Base Currency | AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, ZAR |
| 💸 Commission Charges | None |
| 📈 Maximum Leverage offered | Unlimited leverage |
| ✔️ Instruments Available | Forex, metals, cryptocurrencies, energies, stocks, indices |
| 📉 Minimum lot size | 0.01 lot |
| 📈 Maximum Lot Size | • 200 lots from 7 am to 8h59 pm (GMT +0) • 20 lots from 9 pm to 6h59 am (GMT +0) |
| 📊 Maximum positions | Unlimited |
| % Hedged Margin (%) | 0 |
| 📞 Margin Call (%) | 30 |
| 🛑 Stop-out Level (%) | 0 |
| 📱 Order Execution | Instant Execution on Forex currency pairs, metals, energies, stocks, and indices and market execution on cryptocurrencies |
| ☪️ Islamic Account | Yes |
Exness Base Account Currencies
When registering an account with Exness, traders can choose from the following comprehensive list of base account currencies: AED, ARS, AUD, AZN, BDT, BHD, BND, BRL, CAD, CHF, CNY, EGP, EUR, GBP, GHS, HKD, HUF, IDR, INR, JOD, JPY, KES, KRW, KWD, KZT, MAD, MXN, MYR, NGN, NZD, OMR, PHP, PKR, QAR, SAR, SGD, THB, UAH, UGX, USD, UZS, VND, XOF, and ZAR.
Exness Demo Account
A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
There is a certain degree of risk involved when trading financial markets and Exness offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
The Exness demo account has the same features as their real accounts. Before registering for a real account with Exness, you should use their demo account.
Tanzanian traders should be aware, as with any other broker, that the environment (specifically the spread or bid/ask price) on a demo account may vary from the environment on a real account.
Therefore, you should only use the demo account to create your trading strategy or to get an understanding of how live trading works, and not to attempt to obtain an exact representation of real live spreads.
Exness Islamic Account
Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
The Islamic Account option is accessible on all of Exness’ live trading accounts, allowing Muslim traders of all experience levels and trading objectives to participate in a range of financial markets without the risk of being exposed to diverse types of interest.
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
How to open an Account with Exness
Traders can create an Exness account by registering and verifying their personal information online. To guarantee a safe trading environment for all traders, Exness has created a Know Your Client (KYC) protocol requiring traders to provide proof of identification and proof of residence.
After completing this step, traders can fill their trading accounts with the minimal amount required to begin trading.
Step 1 – Open the Exness Website and click on the “Open Account” tab.
Navigate to the official Exness website and at the top right of the screen click on the “open an account” tab.
Step 2 – Fill in your personal details.
On the online application form, the applicant enters their country of residence, email, and a password that they will use to log in on the website and the Exness Trader app.
Step 3 – Choose your account type.
After this information has been submitted, the applicant is taken to a screen where the applicant can choose between a demo account which is automatically created with a virtual deposit of $10,000 (140 397.00 ZAR) or a real account.
Exness Vs HotForex Vs XM – Broker Comparison
| Exness | HotForex | XM | |
| ⚖️ Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA | FSCA, CySEC, DFSA, FSA, FCA, FSC, CMA, with registration in ACPR, BaFin, MNB, CONSOB, CNMV, FI, FMA, FSC, and other regions | FSCA, IFSC, ASIC/AFSL, CySEC, DFSA |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • Exness Terminal • Exness Trader app | • MetaTrader 4 • MetaTrader 5 | • MetaTrader 4 • MetaTrader 5 |
| 💰 Withdrawal Fee | No | No | None |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 23,200 TZS | 9998 TZS | 9998 TZS |
| 📈 Leverage | Unlimited | 1:1000 | 1:888 |
| 📊 Spread | Variable, from 0.0 pips | 0.0 pips | 0.0 pips |
| 💰 Commissions | From $0.1 per side, per lot | $3 to $4 | $1 to $9 |
| ✴️ Margin Call/Stop-Out | 60%/0% | • 40%/10% • 50%/20% | • 50%/20% • 100%/50% (EU) |
| ✴️ Order Execution | Market | Market | Market, Instant |
| 💳 No-Deposit Bonus | No | No | No |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | • Standard Account • Standard Cent Account • Raw Spread Account • Zero Account • Pro Account | • Micro Account • Premium Account • HFcopy Account • Zero Spread Account • Auto Account | • Micro Account • Standard Account • XM Ultra-Low Account • Shares Account |
| ⚖️ BoT Regulation | No | No | No |
| 💳 TZS Deposits | Yes | Yes | Yes |
| 📊 Tanzanian Shilling Account | No | No | No |
| 👥 Customer Service Hours | 24/7 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 5 | 5 | 4 |
| ☪️ Islamic Account | Yes | Yes | Yes |
Exness Trading Platforms
👉 Exness offers Tanzanian traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Terminal
➡️ Exness Trader app
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 In the forex and CFD trading industry, MT4 is one of the most popular trading platforms. MT4’s widespread use is due in large part to the wide range of features and tools it offers traders of all experience levels. WebTrader, desktop, and mobile apps for iOS or Android smart devices are all available to Tanzanian Exness clients.
👉 MT4 supports a wide range of charting, analysis, trading, and plugin programs. Traders can create MetaTrader 4 plugins using the C++-based programming language MQL4. EAs, software robots, can automate trading strategies.
👉 Tanzanian traders can easily create and test expert advisors using MT4’s strategy tester and the MQL4 programming language.
MetaTrader 5
👉 In comparison to MT4, MT5 is more sophisticated. It has an improved user interface with more features for a better overall experience. More advanced trading robots and scripts are now possible with MQL5 since it eliminates the limitations of MQL4.
👉 Among the analytical tools, there are 38 built-in indicators, 22 analytical tools, and 46 graphic objects. In addition, there are eight other sorts of pending orders that may be traded (2 of which are MT5 exclusives). MT5 has a built-in economic calendar that includes news and forecasts.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Terminal
MetaTrader 4 and 5
👉 WebTerminal is a web-based trading platform that mimics the MT4 and MT5 user interfaces. The Exness MT4 framework is the only way to access this platform’s sophisticated trading account management features.
👉 With MetaTrader, Tanzanian traders can have either 128 actual accounts or 10 demo accounts simultaneously (open on the same server). For Tanzanian traders, Exness’ MT4 for Web platform gives them access to the global financial markets whenever and wherever they choose.
👉 Because of the platform’s simplicity and efficiency, transactions can be carried out fast and reliably.
👉 MetaTrader 5 is also available to Tanzanian traders via Exness. A single browser provides access to the whole MT5 platform for users. Level II pricing, deep liquidity feeds, and spreads as low as 0.0 pips can all be accessed using a web browser.
Exness Terminal
👉 The Exness Terminal, with its user-friendly interface and strong, unique charting tools, offers traders a complete trading experience from beginning to finish. A total of over 50 drawing tools and over 100 indicator types are available to fast-paced traders via the interface.
👉 TradingView also offers charts on the Exness Terminal, which was created by the company’s creative programmers and designers and is available for download. Apart from that, the Exness Terminal is an HTML5 online application that is dependable, speedy, and user-friendly.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Exness Trader app
MetaTrader 4 and 5
👉 Tanzanian traders can get the MT4 mobile app for iOS and Android from the app stores. Millions of traders across the world use the mobile app to track the markets, enter positions, perform analysis, check account balances, initiate trades, and acquire the most recent market information available.
👉 The software is simple to use, lightweight, dependable, and speedy, making it the ideal mobile trading tool for Tanzanian traders.
👉 Real-time charting, real-time trading, and a simulated trading environment are all accessible on the app and, in addition, the MT4 mobile app’s market analysis and trade execution features will be appreciated by traders on the go.
👉 As mobile trading in Tanzania continues to expand at an exponential pace, Exness’ MT5 trading app may be used from anywhere in the world. Anywhere you have a steady internet connection, you may use MT5’s mobile solutions to review, revise, and change all your orders.
Exness Trader app
👉 Tanzanians will find it simple to get started with the Exness Trader platform since it provides all the necessary tools, such as candlestick charts, indicators, and computational tools, to get started. Forex, gold, oil, and indices are just a few of the markets where CFDs can be found on the Exness trading application.
Exness Range of Markets
👉 Tanzanian traders can expect the following range of markets from Exness:
➡️ Forex
➡️ Metals
➡️ Crypto
➡️ Energies
➡️ Indices
➡️ Stocks
Broker Comparison for Range of Markets
| Exness | HotForex | XM | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | No |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | No | Yes | No |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | Yes | Yes | Yes |
| ➡️️ Bonds | No | Yes | Yes |
Overall Rating
- 4.9/5
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Exness Trading and Non-Trading Fees
Spreads
👉 Since each account is designed to appeal to a certain kind of trader, the spreads charged will vary depending on the type of account chosen by traders. Tanzanian traders should expect the following usual spreads to be applied:
➡️ Standard Account – from 0.3 pips EUR/USD
➡️ Standard Cent Account – from 0.3 pips EUR/USD
➡️ Raw Spread Account – from 0.0 pips EUR/USD
➡️ Zero Account – from 0.0 pips EUR/USD
➡️ Pro Account – 0.1 pips EUR/USD
Commissions
👉 The commissions charged on certain accounts are fixed at a predetermined level to ensure that the broker is reimbursed for facilitating the transaction. The following commissions are levied on Tanzanian traders according to these trading accounts:
➡️ Raw Spread Account – Up to $3.50 per side, per lot
➡️ Zero Account – From $0.1 per side, per lot
Overnight Fees, Rollovers, or Swaps
👉 If positions are held open and maintained for more than a day, Exness will additionally levy an overnight fee to cover these costs. Each instrument has its own set of fees that are depending on the positions that are held overnight or rollover.
👉 They are either levied as a fee or given back to the Tanzanian trader as a refund depending on their position (whether long or short). Some typical overnight fees are as follows:
➡️ EUR/USD – a long swap of -0.63356 pips and a short swap of 0.14698 pips
➡️ XAG/USD – a log swap of -0.0857 pips and a short swap of -0.0597 pips
➡️ US OIL – a long swap of 0.65 pips and a short swap of -3.9 pips
Deposit and Withdrawal Fees
👉 Exness does not charge Tanzanian traders any deposit or withdrawal fees.
Inactivity Fees
👉 Exness does not charge any fees when a live trading account becomes dormant.
Currency Conversion Fees
👉 When Tanzanian traders deposit or withdraw funds in any currencies other than the accepted base account currencies, they could face currency conversion fees.
Exness Deposits and Withdrawals
👉 Exness offers the following deposit and withdrawal methods:
➡️ Bitcoin
➡️ Debit Card
➡️ Credit Card
➡️ Internet Banking
➡️ Skrill
➡️ Neteller
➡️ Perfect Money
➡️ Tether (USDT OMNI)
➡️ WebMoney
➡️ Mybux
➡️ Ozow
How to Deposit Funds with Exness
👉 To deposit funds to an account with Exness, Tanzanian traders can follow these steps:
👉 Step 1 – Go To The Official Exness Website
➡️ Go to www.exness.com and log into your account by click on “Sign In”.
👉 Step 2 – Click on “Deposit”
➡️ Once logged in, click on “Deposit” in the left corner of your screen.
👉 Step 3 – Deposit Your Funds
➡️ You can now deposit funds into your account.
Exness Fund Withdrawal Process
👉 When Tanzanian traders establish an Exness account, they are offered the opportunity to choose a regionally-specific payment method. When in the Personal Area, Tanzanian traders will have access to a list of available payment methods, including local Tanzanian choices.
👉 Regarding withdrawals of funds, traders must consider information like processing time and commission fees, which will be displayed by the PA.
👉 To make a withdrawal, traders with an Exness trading account may take the following steps:
👉 Step 1 – Go to the Exness Website
➡️ Go to the official Exness website at www.exness.com and click on “Sign In”.
👉 Step 2 – Click on “Withdrawal”
➡️ Once you are logged in, click on “Withdrawal” and withdraw your funds.
👉 Tanzanian traders have access to their money at all hours of the day and night, allowing them to withdraw cash at any time. In addition, Tanzanians must evaluate the following fundamentals before withdrawing cash from their Exness trading account:
➡️ The account’s free margin, which is shown in the trader’s Personal Area, dictates the amount of cash that may be withdrawn at any one time.
➡️ Tanzanian traders may only withdraw their funds using the same payment method that they used to deposit cash.
➡️ If traders placed money into their Exness account using several payment methods, they must withdraw using those same payment methods in the same proportion.
➡️ Tanzanians are encouraged to use bank cards first, then Bitcoin, and finally any other expedient method.
Exness Education and Research
Education
Exness does not offer any educational materials but offers the following Research and Trading Tools:
➡️ Analytical Tools
➡️ Trader’s Calculator
➡️ Economic Calendar
➡️ Currency Converter
➡️ Tick History
Exness Bonuses and Promotions
Exness does not currently offer any bonuses or promotions to Tanzanian traders.
How to open an Affiliate Account with Exness
To register an Affiliate Account, Tanzanians can follow these steps:
➡️ Visit the official website of Exness and select “More” from the main menu at the top of the homepage.
➡️ Tanzanians can select “Partnership Program” from the drop down followed by “Start Now”.
➡️ If Tanzanians have an existing account with Exness they can simply log into the website and complete the affiliate application.
➡️ If Tanzanians have not previously registered with Exness they can do so by completing the required fields and submitting the registration form.
➡️ Once registered/signed in, prospective affiliates can select whether they want to be an introducing broker or an affiliate and complete the application for the relevant option.
➡️ Once approved, new affiliates can explore their partner portal to access the comprehensive package offered by Exness and start earning.
Exness Affiliate Program Features
Exness is the industry leader when it comes to frequent and attractive pay-outs. Each active client referred by an associate generates a commission of up to $1,770 for the affiliate.
Exness pays for initial deposits (CPA) and leads (CPL), with CPA as follows:
➡️ It pays up to $1,770 depending on the platform, the recommended customer’s nation of residency, and the size of their first deposit, which must be at least $10.
➡️ The CPA plan is selected by default when a trader registers. Exness is available in more than 40 countries worldwide. Additional incentives are given for the highest overall performance.
The CPL strategy offers the following:
➡️ Affiliates from Tanzania may earn up to $25 per sign-up for the referral site they use.
➡️ The pay-out will increase according to the number of new participants
➡️ Exness now gets visitors from over 40 countries
➡️ Regular monthly pay-outs
➡️ Incentives for the best overall performance
➡️ A high volume of traffic attributable to Exness’ popularity
Exness Customer Support
Exness offers helpful support in 15 different languages 24 hours a day, 5 days a week with Chinese and English support available 24/7. Exness’ customer support is friendly and helpful, but not as comprehensive as that of other brokers.
Exness Corporate Social Responsibility
The major focus of Exness has been on the provision of investment services from the company’s foundation in 2008. When it comes to the company’s stance on Corporate Social Responsibility (CSR), CEO Petr Valov is especially enthusiastic about the opportunity it provides to give back.
People can count on Exness to be upfront and honest with them about their goals, while at the same time providing a steady support system to help them achieve their maximum potential in both their professional and personal lives.
Exness is always looking for ways to improve its CSR efforts, whether it is in education, the environment, or addressing any social or medical dangers in the community where people live and work.
Today’s youngsters need access to educational opportunities that are relevant to their future careers, and Exness is doing its part to help make that happen.
Verdict on Exness
Customers from the United Kingdom as well as those from other European Union countries may trade currencies, commodities, and cryptocurrencies at Exness. It is extremely well-regulated and provides traders of all skill levels with a safe and efficient trading environment.
Forex market participants have the option of trading on MT4 or MT5 platforms, as well as a lightweight online platform and mobile execution.
Because Exness uses innovative software and technology, it guarantees lower trading risks. Since traders can expect that their orders will be executed fast and safely, they can rest assured.
Over 30 ways to withdraw and deposit money are available to Tanzanian traders, including local options. Withdrawals are free and as a bonus, Exness offers free VPS hosting and instant deposits and withdrawals.
Exness Current Popularity Trends
👉 According to Google Trends, Exness has increased in Google searches in Tanzania in the past month.
Exness Pros and Cons
| Account Feature | Value |
| 💰 Minimum Deposit | 2,300,000 Tanzanian Shillings or an equivalent to $1,000 |
| 📈 Average spread | Floating from 1 pip |
| 💸 Commission | 0.05% for opening and 0.05% for closing positions |
| 📊 Leverage | 1:5 |
| 📱 Maximum opening positions | 200 |
| ⬆️ Order volume | Between 0.01 to 500 lots |
| 📊 Market Execution | From 0.3 seconds, STP |
| 📈 Trading Platform | • MetaTrader 5 |
| 💻 Tradable Instruments | Cryptocurrencies |
| ☪️ Swap-Free Islamic Option | No |
Frequently Asked Questions
What is the withdrawal time with Exness?
Exness’ withdrawal times range from instantaneous withdrawals up to 72 hours from when the withdrawal request was processed.
Is Exness regulated?
Yes, Exness is regulated by several entities including FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, and FCA.
Does Exness have Nasdaq?
Yes, Exness offers access to Nasdaq through US TEC with a spread that starts from 6.5 pips on the Raw Spread Account with commissions of $1 charged.
Is Exness good for beginners?
Yes, Exness is the best broker for beginners. Exness has a diverse range of accounts from the Standard Cent Account to Pro Accounts. In addition, Exness also offers a demo account that can be used to practice trading.
Does Exness have Volatility 75?
No, Exness does not currently have VIX 75 but offers several other popular indices such as AUS200, FR40, HK50, UK100, and many more.
Conclusion
Now it is your turn to participate:
➡️ Do you have any prior experience with Exness?
➡️ What was the determining factor in your decision to engage with Exness?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or any other factors?
➡️ Have you experienced any issues with Exness such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
