- Website: www.exinity.com
- Address: 16-104, 16 Floor, Al Khatem Tower, ADGM Square, Al Maryah Island, Abu Dhabi, UAE
Exinity is a Forex broker focused mainly on the Middle East region. The company is known for its partnership with different financial service providers and for more than 20 years, Exinity has been actively involved in Forex trading. The company offers unique features and conditions to both novice and veteran traders. It has received numerous awards worldwide and is famous for integrating fintech innovations into its system. We will further talk about the different characteristics of the broker in our Exinity review below.
We should start our review by talking about the regulations and the license the company has. Exinity is a regulated and authorized entity, having a license from the FSRA, which is known for its reputation. In addition, there is an official address indicated on the website, alongside contact credentials and you can get in touch with the operator all the time. To preserve clients’ funds and store them safely, they will be kept in segregated Client Money accounts. Negative balance protection is offered as well for professional traders.
Before you open a new account on the website, you need to make sure that you have the necessary qualifications and employment for signing up on the website. It is required by the broker itself. Otherwise, you will not be eligible to register with Exinity. There is only one type of account available on Exinity, which is a professional account. It is also known as Exinity Trader Pro. The leverage depends on trading instruments and can be as high as 1:500. Spreads start from 0. The account can be opened in USD and AED.
Exinity offers a wide array of trading instruments to its customers, as soon as you register on the website. You can trade metals, indices, energies, FX, stock CFDs, shares, commodities – everything is indicated in the “Markets” section on the main page. Different trading instruments have various spreads and leverage, so you need to make sure to find out this information in advance. Trading platforms ensure the best possible trading experience with the following assets. We should point out that stocks are traded for 8 hours. All other assets are traded from Sunday night/Monday morning to Friday evening.
There are 2 available trading platforms for customers on Exinity. MetaTrader 4 and MetaTrader 5. MetaTrader 5 is an improvement from its predecessor. With MetaTrader 4 you can use powerful charts as well as customizable layouts that are optimized for currency trading and designed for active traders. It is also possible to automate trading strategies or select 3rd party algos from the MetaTrader community. As for MT5, you can trade various instruments and access a wide array of order types. In MetaTrader 5 market news, sentiment, and economic calendar are integrated.
Mobile trading is not a novelty anymore, as numerous brokers are adopting mobile platforms for their customers. Unfortunately, there is no additional app available for Android and iOS users. The app cannot be downloaded from Google Play or App Store. However, the mobile version of the website, which can be accessed from Safari or other browsers, is nicely designed and fully responsive. You can register on the website via your mobile phone and check other information as well. However, Exinity could definitely include the mobile platform in the future.
Bonuses play an integral role in every broker’s activity. Without bonuses, it is difficult to attract new customers. However, there is no available bonus or VIP program for customers on Exinity. Neither deposit bonus nor no deposit bonus is provided. The VIP program, which includes collecting points, for additional prizes, is not supported. Though, Exinity can come up with a unique bonus in the future to incentivize more customers to sign up on the broker’s website.
For new customers to create a new professional account on the website, it is necessary to follow the below-mentioned steps:
- Complete the registration form which will unlock a new portal in the form of a personal area;
- Indicate your employment data and trading experience through MyExinity;
- After the first two steps have been completed, Exinity FX broker will review your documents and provide you with an answer by checking your identity.
Via the MyExinity portal, it is possible to open multiple trading accounts. The broker will get back to you with an answer within 24 hours depending on the number of requests.
Exinity FX broker constantly expands its reach and adds new aspects to its services. At the present moment, the broker has partnerships with different leading financial institutions. The broker has received several awards as well and it is a completely technology-oriented company, which strives for making trading convenient for clients. Every customer will feel himself or herself at home by having cooperation with the following broker.
Every customer who has signed up with Exinity has the possibility to either check a blog or webinars. The former provides recent news and updates as well as analysis of markets, which will be helpful for clients to boost their knowledge. As for online webinars, there are various workshops, where users can register. They are held by prominent experts and research analysts that have immense knowledge in this field. Furthermore, the broker has numerous innovations which it applies regularly.
Pros and Cons
Talking about Exinity Forex broker we should also note cons alongside its advantages. Nothing is only sunshine and rainbows and there are several important things which require mentioning.
The obvious pros of the website are a nice design, friendly customer service and of course diversity of trading markets. The website is designed in a way that you can find everything in just a single click. Furthermore, on the website, you are able to access various online webinars, which are conducted by professionals.
As for the cons we can point out the absence of bonuses and limitations in the choice of accounts. You cannot claim a deposit bonus when you register on the website, and there is only one kind of account available which is a standard professional trading account.
Customer support of Exinity is friendly and responsive. You can contact the website via 3 different channels: email, mobile phone, and live chat. The first 2 are indicated at the bottom of the website. As for the live chat, first, you need to choose the language, indicate your name and message. Normally, support will get back to you in several hours, depending on the number of requests.
Is Exinity legit?
Yes, Exinity FX brokerage company is a totally legit and trustworthy broker. It has been licensed and authorized by the FSRA. The broker also has more than 20 years of experience working in the financial industry, which further adds to its reputation.