There are certain rules when trading on Exness. Not everything is OK even if you trade. If you break the prohibition, you may be penalized such as withdrawal refusal or account freeze, so please be careful.
- Exness is less restrictive
- Prohibited matter
- If you violate the prohibitions
- What to do if your account is frozen
Exness is less restrictive
Exness can be said to be a company with relatively few prohibited items compared to other Forex companies. In many Forex companies, the following transactions are prohibited by the terms of service.
- Hedged trading using multiple accounts
- Large lot scalping trade
- High leverage trade aimed only at the time of economic indicator announcement
- Trades aimed at window filling only
In particular, there are many places that set rules for hedging and scalping trades, but Exness does not prohibit anything. A company with a fairly high degree of freedom will be Exness.
In Exness, the following are completely prohibited. Overseas Forex companies tend to have fewer restrictions, and Exness is no different. Although there are no bonuses, the spreads are narrow, and the company has very good reviews and reputation. Prohibited items have advantages and disadvantages. Be sure to check the official website as well, as there are precautions posted there. I will explain the reasons for each prohibition one by one.
Exness has an affiliate program. However, affiliates are not allowed to open accounts and start trading from their own links. This is commonly referred to as cashback, but of course it is a prohibited act. Please be aware that there is a good chance that your account will be frozen or withdrawals will be refused.
Trading with server errors or rate delays
When there is a big incident or event in the world, the server is crowded, and trading tools such as MT4 and MT5 may experience server errors and rate delays. Even if you trade for such server errors or rate delays, you cannot withdraw your profits. This is because it will be judged as profits obtained from illegal trading.
No limits on scalping
Scalping that traders are most likely to do. Some forex companies forbid this, but Exness allows it. However, in reality, there is a stop level for each currency pair, and the spread differs depending on the account type, so it is disadvantageous depending on the trader’s method.
Hedged trading is not allowed in many Forex companies in many cases, but it is OK with Exness. Exness allows hedge trading, both within Exness accounts and between other companies’ accounts.
Exness also allows arbitrage trading. In fact, arbitrage trading is the gold medallion for most Forex companies. But Exness allows it. Exness allows you to develop an arbitrage trading strategy, so why not give it a try.
Possibility of withdrawal refusal or account freeze
Of course, if you break the prohibitions, there is a good chance that withdrawals will be refused or your account will be frozen, but if you follow the rules, there is almost no possibility of your account being frozen. Exness is a company that is rough and has a high degree of freedom. It’s a rule that is overwhelmingly better than other companies.
Automated trading is not prohibited. There are many cases where other FX brokers prohibit automatic trading, but Exness has no restrictions at all, so it is OK. Maximum leverage is unlimited and the spread is said to be the narrowest in the world, so we recommend it.
If you violate the prohibitions
Exness allows you to maintain positions up to the margin maintenance rate of 0, but it is a very good broker because the commission fee is low and you can use EA. However, if you violate any of the prohibited items, you may be subject to the following penalties, so please be careful. Selling and buying orders in the market, and the system environment will become unusable due to violation of terms and conditions. Details will need to be negotiated with support. We will check and understand the situation, and depending on the cause, restrictions may be lifted as a result.
There is a risk that accounts that violate the prohibitions will be frozen. In this case, you will not be able to use the relevant account and your deposits and withdrawals may be stopped, so you will need to be prepared. In this case, you will not be able to use the account until it is canceled, so please give up.
Exness allows you to create multiple accounts within an account, but there is a possibility that your account may be frozen. Such actions will be taken against users who engage in extremely malicious behavior, but in this case they will no longer be able to use Exness in the first place. You’ll probably give up and use another broker.
If a user whose account has been hijacked or otherwise reports it, the account may be locked. As a result, your withdrawal will be refused. In this case, you will not be able to make deposits as well as withdrawals, so you will not be able to use Exness.
What to do if your account is frozen
If your account is frozen, you will need to negotiate with the support center to have it removed. Depending on how you negotiate with the support center, you may not get your money back, but since you have violated the rules, you have no choice but to give up. The support center is introduced in the article below, so please refer to it.