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EXNESS anyone? 38 replies

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  • #881
  • Jan 30, 2013 7:42am Jan 30, 2013 7:42am
I have been with Exness for almost a year. I am leaving when I have figured out where to go.

Sure, they advertise low spreads, *say* they welcome scalpers etc. I constantly have problems putting in pending orders as for example, just now they require 80 pips difference between market price and pending order on EURAUD!! This is not uncommon. Ditto problem with putting in SL - I have seen them require 120 pips difference. It's absurd. That's how they deter scalpers and even day traders but just do it in an underhand way.

Maybe someone can recommend to me where to go? I'd like low spreads across the majors, at least 400:1 leverage and stp preferably.
  • #882
  • Jan 30, 2013 11:24pm Jan 30, 2013 11:24pm
jen101, I scalp with EXNESS also thats why I took notice of your post. Actually I trade other pair, so I just looked for your australians on their website for finding out, what stop level they have for euraud. So the stop level is not 120 pips but 8 points. And believe me dude, that`s not a lot at all, some brokers set up stop level about 3-4 spreads, try to scalp there)) IMHO if you are interested only in these conditions you've just described, you better stay trade with this broker...
  • #883
  • Jan 31, 2013 9:40am Jan 31, 2013 9:40am
Quoting jen101
I have been with Exness for almost a year. I am leaving when I have figured out where to go.

Sure, they advertise low spreads, *say* they welcome scalpers etc. I constantly have problems putting in pending orders as for example, just now they require 80 pips difference between market price and pending order on EURAUD!! This is not uncommon. Ditto problem with putting in SL - I have seen them require 120 pips difference. It's absurd. That's how they deter scalpers and even day traders but just do it in an underhand way.

Maybe someone can recommend...
Having encounter that before and according to helpdesk its due to "provider liquidity issue".

Anyway, now i mostly scalp at low spread broker hiroseuk.

Downside of it is not using MT4
  • #884
  • Feb 3, 2013 9:21pm Feb 3, 2013 9:21pm
Quoting slovforex
http://50.22.104.143/~forum/images/b...-highlight.gifFor me ecn is better in the meantime, coz I hate requotes. I enjoy market execution.
I trade 0.50 lots on average, slippages are more frequent than on MM accounts.
Spreads of course are better on ECN even if we include commission in spread.
But what I noticed is that during Asian session if we include commission into ECN spreads then they are almost the same as spreads on Classic account. After London gets up ECN spreads become better.
That's good to know, im still trading with Exness but with the micro account + commission. I was thinking about switching to ECN but since I only trade in asian session where there is sometimes not much liquidity, I will just stick with micro.
If you aim for the stars- but miss, you still get the moon...
  • #885
  • Feb 5, 2013 7:16pm Feb 5, 2013 7:16pm
Quoting aiming4stars
That's good to know, im still trading with Exness but with the micro account + commission. I was thinking about switching to ECN but since I only trade in asian session where there is sometimes not much liquidity, I will just stick with micro.
If I were you I'd preferred ECN coz' spreads+commission are better on ECN compared with Mini account.
  • #886
  • Feb 6, 2013 11:30pm Feb 6, 2013 11:30pm
Quoting jen101
I have been with Exness for almost a year. I am leaving when I have figured out where to go.

Sure, they advertise low spreads, *say* they welcome scalpers etc. I constantly have problems putting in pending orders as for example, just now they require 80 pips difference between market price and pending order on EURAUD!! This is not uncommon. Ditto problem with putting in SL - I have seen them require 120 pips difference. It's absurd. That's how they deter scalpers and even day traders but just do it in an underhand way.

Maybe someone can recommend...
Do you have screenshots of those stop levels? 80, 120 pips, you said? Ok, I will believe you if you provide a screenshot.

According EXNESS website stop levels for eur/aud is 8 pips, not 80 pips. https://www.exness.com/forex/specifications#tab_mini

If you do not like stop level, what about ecn account? you will not have stop levels, you will be able to put any pending order without obstacles.
  • #887
  • Feb 7, 2013 1:22am Feb 7, 2013 1:22am
I feel that exness is using asymmetric slippage program.
  • #888
  • Feb 7, 2013 4:10am Feb 7, 2013 4:10am
Quoting entheos
I feel that exness is using asymmetric slippage program.
really? don't you think that such a statement requires more proofs than just a feeling? I mean, bro, I'm interested in them too, so I would like to know is there some serious thing or you just came across some unpleasant coincidences..

there are rare slippages when market moves fast cause of a bunch important news, but as I notice it always works in usual way: you can get money in slippage of limit pending order and loose in slippage of stop pending order.
  • #889
  • Feb 7, 2013 6:05am Feb 7, 2013 6:05am
Quoting entheos
I feel that exness is using asymmetric slippage program.
You are very suspicious guy.

You continue to trade with EXNESS and always complain.

This is weird.
  • #890
  • Feb 7, 2013 8:37am Feb 7, 2013 8:37am
tell us why you feel that way.
  • #891
  • Feb 8, 2013 1:54pm Feb 8, 2013 1:54pm
I do not feel that they use any technical tools to cheat you.
very nice, good price..!
  • #892
  • Feb 8, 2013 1:54pm Feb 8, 2013 1:54pm
If you are a profitable trader then I strongly recommend opening account with EXNESS.
They have never put any obstacles; they have never done anything to stop your closing profitable trades.
Other broker always requoted me to close a profitable trade that drove me crazy.
Their platform is stable and secure.
In addition, you get your withdrawals fast and they send you money fast.
very nice, good price..!
  • #893
  • Feb 8, 2013 3:41pm Feb 8, 2013 3:41pm
my acc. is mini account.
i use always 1 standard lot.
I use always instant execution with max.deviation 10 pips.
profitable trades are closed always at the previous tick.
loss trades are closed always at the current tick.

Quoting MoreYummy
tell us why you feel that way.
  • #894
  • Feb 8, 2013 4:05pm Feb 8, 2013 4:05pm
Quoting slovforex
If I were you I'd preferred ECN coz' spreads+commission are better on ECN compared with Mini account.http://50.22.104.143/~forum/images/b...-highlight.gif
Actually sometimes its possible to profit from the large spread. For example if closing a long trade, since its the bid drawing the chart, you can get a commission on a virtual price wich is higher (the ask).
If you aim for the stars- but miss, you still get the moon...
  • #895
  • Feb 9, 2013 4:24am Feb 9, 2013 4:24am
Quoting Julian_Ass
Do you have screenshots of those stop levels? 80, 120 pips, you said? Ok, I will believe you if you provide a screenshot.

According EXNESS website stop levels for eur/aud is 8 pips, not 80 pips. https://www.exness.com/forex/specifications#tab_mini

If you do not like stop level, what about ecn account? you will not have stop levels, you will be able to put any pending order without obstacles.
I gave my opinion because it was asked for. If you are questioning my integrity then I'll keep my opinion to myself; it's no skin off my nose. It seems like there are a lot of people on here very defensive of Exness. I wonder if they are affiliated in some way; Exness have been pushing very hard on their marketing and of course would not welcome any negative comments. Believe what you like.
  • #896
  • Feb 10, 2013 9:11pm Feb 10, 2013 9:11pm
Quoting jen101
I gave my opinion because it was asked for. If you are questioning my integrity then I'll keep my opinion to myself; it's no skin off my nose. It seems like there are a lot of people on here very defensive of Exness. I wonder if they are affiliated in some way; Exness have been pushing very hard on their marketing and of course would not welcome any negative comments. Believe what you like.
The thing is when you post such 'amazing' figures on forexfactory it is better to post screenshots as well if you want people to believe you.
  • #897
  • Feb 11, 2013 11:01am Feb 11, 2013 11:01am
Perhaps sicne it is using 5 digits, so 1 pips in 4 digits is 10 pips in this case, especially for those who not familiar with 5 digits
  • #898
  • Feb 12, 2013 2:57am Feb 12, 2013 2:57am
Quoting slovforex
The thing is when you post such 'amazing' figures on forexfactory it is better to post screenshots as well if you want people to believe you.
There you go. Taken at 08:44 GMT this morning. I'd probably be accused of photoshopping it.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 0844.PNG Size: 143 KB
  • #899
  • Feb 12, 2013 4:17am Feb 12, 2013 4:17am
10:12 GMT today
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad 1012.PNG Size: 118 KB
  • #900
  • Feb 12, 2013 5:12am Feb 12, 2013 5:12am
jen101, ok, let's see. for example, your last screenshot.
the numbers are 1.34819 and 1.34939. The difference is 0.0012.

I got the definition of the pip from investopedia.com:

Pip is the smallest price change that a given exchange rate can make. Since most major currency pairs are priced to four decimal places, the smallest change is that of the last decimal point - for most pairs this is the equivalent of 1/100 of one percent, or one basis point. For example, the smallest move the USD/CAD currency pair can make is $0.0001, or one basis point. The smallest move in a currency does not always need to be equal to one basis point, but this is generally the case with most currency pairs.

So according to this definition we have 12 pips.

Quoting MoreYummy
Perhaps sicne it is using 5 digits, so 1 pips in 4 digits is 10 pips in this case, especially for those who not familiar with 5 digits
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