Exness has become the first forex broker to offer an unlimited leverage. The offer applies from the beginning of Mondays until the end of Thursdays for all three types of trading accounts the broker offers – Mini, Classic, and ECN.
The unlimited leverage will be offered in this time interval since markets are usually not as volatile then. On Fridays and weekends, when markets are more unpredictable, investors will trade with the regular leverage of up to 2,000:1.
To further limit lossed, Exness will offer unlimited leverage only to clients with less than $1,000 equity in their accounts. In addition, traders will need to be experienced and have at least 10 positions, excluding pending orders, and five lots (or 500 lots for Micro accounts) across all live accounts.
This is the first broker to offer unlimited leverage, even in certain days. Earlier this week, offshore forex broker FBS started offering a leverage rate of 3,000:1 for three of its five account, which is still uncommon. There is just another forex broker that offers such high leverage – FxGlory. Usually, leverage of about 1,000:1 is considered quite high.
Leverage is a type of virtual borrowing that traders can get from brokers. It allows investors to operate with higher amounts and to increase their profit. High leverage presents wider trading opportunities, but it also presents higher risk.
Exness offers trading in more than 120 currency pairs via the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.
Exness holds a license issued by the Cyprus Securities and Exchange Commission (CySEC). The group companies are also registered with the relevant regulatory bodies in Germany, the Netherlands, Poland, Spain, Italy, and Sweden.