how i was able to trade on exness

I was able to register with my email and create a user profile but i still had to open an actual trading account.

When trying to choose an exness trading account type to suit my scalping needs, i was presented with a list of so called standard and professional accounts.

The standard exness accounts were cheap to open requiring just $10 minimum deposit, but the exness professional accounts had an outrageous minimum deposit of $500.

It wasn't also helpful that exness didn't state the average spreads on the account opening page, instead they just stated the minimum spread.

For those who are not familiar with minimum spread, it is the lowest spread you can get on a good day but in reality, there are not a lot of good days in forex so you will rarely get the minimum spread. You will always get charged something higher.

To find out the true exness starting spread I will be getting charged, I had to check the EUR/USD instrument page where exness actually stated the average spread of 0.9 pips for their Standard Account. (Why didn't they just state the average spread on the initial account opening page?)

For those who do not know, EUR/USD is the benchmark spread in forex, meaning EUR/USD is the cheapest instrument to trade and always has the lowest spread of any broker. So, I knew that most of the time, i should expect to be charged spreads of 0.9 pips and above if i traded with exness.

In the end, I had to cut my coat according to my budget and i chose the exness standard account because the minimum deposit was $10 and also because the account came in naira currency (which is my local currency here in Nigeria).

When i wanted to deposit into my exness account, i was shocked to see that most exness deposit methods had a minimum deposit higher than $10, bank transfer had a $12 minimum deposit. It was only Bank Card exness deposit method that had a minimum deposit of exactly $10.

So, yeah i decided to deposit into my exness account via bank transfer which meant i had to to make a minimum deposit of $12 which i didn't like.

The processing time of my exness deposit was swift and it reached my exness account within 2 minutes.

It was time to place my first trade, and exness asked me to connect to either the exness mt5 platform or the exness self-developed web terminal.

I am more used to the mt5 platform so i opted to download and connect my exness account to mt5.

I was kind of disappointed that a broker like exness doesnt offer the TradingView platform integration, which is very popular and high-tech.

To connect my exness account to mt5, i simply logged in with the account number and password that was sent to my email when i opened the account and selected the server name which was also sent to my email.

For those who have not traded with exness, if you download and login to mt5 for the first time without funding your account, the charts will refuse to display until you make a deposit.

After logging in, I was able to see my exness mt5 account balance and the charts were live. I placed my trades and then it was time to withdraw from exness mt5

When it was time to withdraw i noticed exness had several withdrawal methods, but cards was not one of them. I also noticed exness minimum withdrawal is $3 for bank transfer which was the method i used to deposit.

It is not clear why exness does not seem to allow card withdrawals, but they allow card deposits, maybe anyone who has an idea can give me an answer please.

To withdraw from exness you need the exness mobile app because their two-factor authentication requires a code to be sent to the app. I was able to install the app on my desktop and authorize the withdrawal which was processed instantly.

I heard their spread on indices is not very good, please can you shed light on it?

Does Exness support USSD funding method?

I dont think they do, these are their supported payment methods:

Online bank

Neteller

Skrill

SticPay

Perfect Money

Tether (USDT ERC20)

Tether (USDT TRC20)

USD Coin (USDC ERC20)