Sep 04 2020 0
Exness is one of the top forex brokers in the world. The most traded currency in the market is the US dollar. So the question every American forex trader has in their mind right now is “Does Exness accept US clients?” Let’s find out today.
Does Exness accept US clients?
The answer is of course “Yes”. Exness welcomes traders from all over the world. America is not an exception. If you are an American resident, you can open an account at Exness just like every other forex trader from all countries.
However, the fact that Exness does accept US clients doesn’t mean that broker is suitable for American traders. So let’s find out whether Exness is a good broker in the States.
What do US traders need?
American forex regulations
The currency market and all forex trades in America is controlled by the Commodity Futures Trading Commission (CFTC). Their job is to monitor and administer the forex brokers within the United States and their business. They establish a set of standards that all forex brokers have to meet if they want to be regulated by the CFTC. Those standards aim at protecting the traders, specifically their funds. That means it is the safest for US traders to work with a broker regulated by CFTC.
Exness is regulated by FCA and CySEC, none of which is a American regulation. However, that doesn’t mean Exness is not reliable to U.S clients. All top-tier regulations are reliable. It’s just that a regulation of a country is extra reliable in that country.
The reason why Exness is not regulated by CFTC is not because Exness can’t meet their standards. They are not regulated by CFTC because USA is not their target market. Exness’ target market is Asia, which means any regulation will do for traders there.
This is where things get interesting. Of course all forex traders want to have low fees from their brokers. Yet, all CFTC-regulated forex brokers have high cost and fees. The reason is that CFTC’s regulation fee is pretty high in order to keep clients safer, so brokers have to charge more from their traders.
Exness, on the other hand, has long been recognized as one of the best low spread brokers. Their trading fees are really low. Their spreads for the main currency pairs are only around 0.7 pip, a great deal compared to the spread of 1.2 to 1.5 pips of most American brokers.
Moreover, Exness also charges less commission compared to other US brokers. Their commission is only $7 for a complete trade while the brokers in the States charge at least dozen of dollars. I have traded with the most well-known brokers in America like Forex.com or TD Ameritrade so I’m sure that Exness’ fees are better than theirs.
What else can make US clients consider Exness?
If by now you are not convinced that Exness is an excellent choice for American traders, let me give you more benefits of trading with Exness.
Or you can read the full Exness reviews to learn everything about this broker.
The one-of-a-kind deposit/withdrawal system of Exness
Exness has long been famous on the currency market thanks to its top of the line deposit/withdrawal system. That system can process your orders in the matter of seconds, the best speed in the market. The reason why Exness system can perform this task is that it is completely run by machine. No human intervention. Exness has put a lof of effort and money into this so that they can really stand out in this world.
The amazing support team
Traders always need assistance from forex brokers because they can encounter a lot of problems when trading. Exness understands this so they put a lot of work into their customer service to make sure that their clients can get support around the clock. You can get help from Exness team via phone call, email, or live chat on the homepage.
So the answer for the question “Does Exness accept US clients?” is yes. But whether American traders want to trade with Exness, well, the answer is up to them.