When it comes to foreign exchange trading, Exness is a major player. They launched in 2008 and by July of 2021, they had over 209,000 active traders and a monthly trading volume of $974.5 billion USD.
In terms of total volume traded, they are now one of the largest brokers in the industry.
With forex trading booming across the African continent, Exness has emerged as the favourite broker amongst most Forex traders in Africa. Here, we explore some of the features of this outstanding broker that have caused it to dominate forex trading in Africa.
1. A safe, well-regulated broker in Africa
When it comes to foreign exchange, Exness has numerous regulators on their side, including the Financial Sector Conduct Authority (FSCA) in South Africa. For this reason, traders in South Africa feel secure using Exness.
2. Some of the lowest fees in the industry
Exness’ spread is incredibly low in comparison to other brokers, and is likely the lowest of all authorised forex brokers. Exness provides flexible spreads with all trading accounts.
Even with their Standard account, they offer an exceptionally low spread of 1 pip on average for EUR/USD. With their Pro account, the spread is significantly reduced (about 0.6 pips on average).
Standard and Pro Accounts do not incur any additional commission. With a Raw spread account, the spread can be as little as 0 pips, but there are trading commissions.
In general, their spread is nearly unrivalled among all brokers providing standard accounts. It is tighter than the spread provided by other leading brokers.
3. Fantastic account options
Exness provides both live and demo accounts. Under their customer account, a client can have many trading accounts.
So, with Exness, you can have one trading account using ZAR, for example, as your base currency and another with a different base currency. Exness demo accounts include all of the same features as their live accounts. They provide demo accounts for their Mini, Classic, and ECN accounts.
4. Popular, powerful trading platforms
Exness supports two MetaTrader trading platforms established by MetaQuotes Software Company: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For technical traders, MetaTrader is most likely the best trading platform.
Exness’ MetaTrader platforms can be downloaded from their website and installed in a matter of minutes, roughly 1-2 minutes. There is also an Exness app for Android and iOS that Exness customers may use to trade and manage their accounts.
To summarise the platform offering, they provide the most recent and greatest MT4 and MT5 platforms. Because some brokers do not provide the most recent MT5 platform, we consider Exness to have an advantage here.
Final Thoughts
Exness is dominating the African forex trading market for a variety of reasons. Some of the benefits include a very low spread, high regulation, local deposit/withdrawal options, the MetaTrader platform, and a wide selection of CFD instruments.
Furthermore, they offer instant withdrawals (for some payment methods, but not all), which is a highly unique feature among African brokers.


![Is Anthony Odiong still a priest after life in prison sentence over rape? Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities. The suspect is reportedly accused of many other cases of sexual assault. The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service. Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said. The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force. The Waco Police Department said that he will be extradited to Texas. Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her. Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes. On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said. “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.](https://chronicle.ng/wp-content/uploads/2024/08/ezgif-6-4730550ede-300x200.jpg)



![Is Anthony Odiong still a priest after life in prison sentence over rape? Rev. Fr. Anthony Odiong, a US-based Nigerian Louisiana Catholic priest, was arrested in Florida on Tuesday for possessing child pornography, according to law authorities. The suspect is reportedly accused of many other cases of sexual assault. The Waco, Texas, Police Department announced in a Facebook post on Tuesday that officers detained Father Anthony Odiong in Ave Maria, Florida, with assistance from the United States Marshals Service. Waco police announced in March that they had received "credible information" about a sexual assault allegedly committed by Odiong in Texas in 2012. “During the subsequent investigation, a case of possession of child pornography was uncovered,” the police said. The priest was apprehended in Florida by the Caribbean Regional Fugitive Task Force. The Waco Police Department said that he will be extradited to Texas. Odiong had previously served in the Archdiocese of New Orleans before being removed as priest in December of last year due to controversy over homilies in which he claimed, among other things, that the Catholic Church was being taken over by "the gays." At the time, the priest was also accused of abusive behaviour; a Louisiana lady claimed in U.S. bankruptcy court that Odiong had committed both financial and sexual abuse against her. Prior to joining the New Orleans Archdiocese, Odiong served in at least two Texas parishes. On Tuesday, Waco police stated that during their sexual assault investigation, "the presence of other survivors was revealed." “Multiple women have come forward to tell similar experiences as the sexual assault survivor who reported the initial allegation,” the police department said. “Survivors’ experiences ranged from sexual assault and indecent assault, more commonly recognised as groping, and financial abuse, with some survivors experiencing every element of Anthony Odiong’s manipulation.” The police said they “believe there may be more survivors, and we wish to speak with anyone who [has] had similar encounters” with the priest. The Archdiocese of New Orleans issued a brief news release on Tuesday noting Odiong's arrest in Florida. The archdiocese “encourages anyone with any information to contact law enforcement,” the release said.](https://chronicle.ng/wp-content/uploads/2024/08/ezgif-6-4730550ede-450x300.jpg)

