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EXNESS Cuts Deposit Requirements, Raises Leverage

EXNESS, the Forex broker registered in New Zealand, has smiled at its clients in January 2014 and has implemented a raft of improvements to trading conditions, including reduction in minimum deposit requirements and a hike in leverage.
 
To begin with, the owners of Mini accounts with the broker will be happy to know that they will not longer have to match their financial capabilities with any deposit demands. That's because EXNESS  has removed the requirement for an initial deposit for this type of accounts. As a result, one may start trading with any amount of money he/she finds convenient. By the way, the previous requirement was not that high at $100, but the broker is apparently seeking to cover a wider clientele. Perhaps this has to do with the fact that the number of new clients and the monthly trading volumes fell in December 2013 against levels seen in November 2013.
 
And as we are discussing deposit terms, we should also mention that earlier this month the broker also axed the minimum deposit requirement for Classic accounts to $2,000. The minimum level of deposit for opening any ECN account is also slashed to $300.
 
Let's continue with the changes for the Classic account owners. They are now also able to benefit from all funding methods available to owners of Mini accounts. But the most important change is that the maximum leverage for Classic accounts is now higher at massive 1:2000. Some of you may know that this leverage was so far available only on Mini accounts and that made sense given the small amounts of money that holders of this type of accounts usually pump into trading. But if you fund an account with a minimum of $2,000 and then a 1:2000 leverage comes into play, you're landing on the Forex highway, fellow traders. Perhaps the only offer that's more excessive in this respect is that of a 1:3000 leverage from FXGlory
 
However, let's also note that the 1:2000 leverage applies only to balances that don't surpass $3,000. If the account balance is between $3,000 and $9,999, the leverage is 1:1000. Obviously, the broker is rather generous, but if you have more humble needs regarding boosting your trading power, then you'd perhaps be interested in checking out our comprehensive list of Forex brokers offering a leverage of 1:500.
 
 

About EXNESS

 

EXNESS Limited is a Forex broker, listed on New Zealand's Financial Service Provider Register as a financial services provider (No. FSP181164) and is also a member of the Financial Dispute Resolution Service. The company offers services to MetaTrader 4 (MT4) traders. EXNESS prides itself on offering profitability, reliability and convenience to its clients.  Some of the perks of using EXNESS include minimum floating, leverage of up to 1:2000, minimal non-trading risks, flexible deposit and withdrawal options and competent customer support. 

TAGS: exness  exness forex broker  forex trading  trading conditions  forex leverage  1:2000  forex deposit  forex accounts  online trading  mini account  classic account  ecn account 

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