10 minute read
How to Use Exness Trading App in India: A Comprehensive Guide
from Exness
by Exness Blog
The Exness Trading App has become a go-to platform for Indian traders looking to access global financial markets from the convenience of their smartphones. With its user-friendly interface, advanced trading tools, and seamless account management features, Exness empowers both beginners and experienced traders to engage in forex, stocks, commodities, indices, and cryptocurrency trading. This guide will walk you through everything you need to know about using the Exness Trading App in India, from downloading and setting up the app to executing trades and managing funds, all while adhering to best practices for uniqueness and readability.
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Why Choose the Exness Trading App in India?
Exness is a globally recognized forex and CFD broker that has gained significant traction in India due to its robust mobile trading platform. Here are some reasons why the Exness Trading App stands out for Indian traders:
· Access to Global Markets: Trade a wide range of assets, including forex pairs (e.g., EUR/USD, USD/INR), commodities (gold, oil), indices, stocks, and cryptocurrencies like Bitcoin and Ethereum.
· Real-Time Market Data: Stay informed with live quotes, interactive charts, and market news to make data-driven trading decisions.
· User-Friendly Interface: Designed for ease of use, the app caters to both novice and seasoned traders.
· Seamless Fund Management: Deposit and withdraw funds in Indian Rupees (INR) using local payment methods like UPI, NetBanking, and e-wallets.
· Advanced Tools: Utilize technical indicators, charting tools, and risk management features like Stop Loss and Take Profit.
· 24/7 Customer Support: Get assistance in multiple languages, including Hindi, via live chat, email, or phone.
Despite not being directly regulated by the Reserve Bank of India (RBI) or the Securities and Exchange Board of India (SEBI), Exness is widely used by Indian traders due to its strong international regulatory framework, including oversight from authorities like the Financial Services Authority (FSA) Seychelles and CySEC in Cyprus. However, traders should remain mindful of local forex trading regulations to ensure compliance.
Step-by-Step Guide to Using the Exness Trading App in India
1. Download and Install the Exness Trading App
The first step to trading with Exness is to download the app, which is available for both Android and iOS devices. Follow these steps:
· For Android Users:
· Open the Google Play Store on your device.
· Search for “Exness Trade” or “Exness Trader”.
· Tap Install and wait for the app to download.
· Launch the app from your home screen once installed.
· For iOS Users:
· Open the App Store on your iPhone or iPad.
· Search for “Exness Trade”.
· Tap Get to download and install the app.
· Open the app after installation.
The Exness Trade app ranks highly in India, with the Android version at 79th and the iOS version at 73rd, reflecting its popularity among Indian traders.
Note: If the app is unavailable in your region’s app store, you can still trade using the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) mobile apps or the Exness Web Terminal.
2. Create or Log Into Your Exness Account
Once the app is installed, you’ll need an Exness account to start trading. If you’re new to Exness, follow these steps to create an account:
· Open the App: Launch the Exness Trading App.
· Tap “Create Account”: Select your country (India) and provide your email address and phone number.
· Set a Password: Create a strong password for security.
· Choose Account Currency: Select INR, USD, or another currency. Note that the account currency cannot be changed later.
· Verify Your Account: Upload proof of identity (e.g., Aadhaar card, PAN card, or passport) and proof of residence (e.g., utility bill or bank statement). Verification typically takes a few minutes but may require up to 24 hours for manual checks.
If you already have an Exness account, simply tap Log In, enter your registered email and password, and select your account type (e.g., Standard, Pro, or Zero).
Pro Tip: Practice trading with a free demo account before risking real money. Exness offers unlimited demo accounts to help you familiarize yourself with the platform.
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3. Fund Your Exness Account
To start trading, you need to deposit funds into your Exness account. The app supports multiple payment methods tailored for Indian traders, ensuring quick and hassle-free transactions. Here’s how to deposit funds:
· Go to the “Funds” Section: Navigate to the Funds tab in the app.
· Select “Deposit”: Choose your preferred payment method:
· Bank Transfer: Transfer INR directly from your Indian bank account.
· UPI: Use apps like Google Pay, PhonePe, or Paytm for instant deposits.
· E-Wallets: Options include Skrill, Neteller, and WebMoney.
· Cryptocurrencies: Deposit using Bitcoin or other supported cryptocurrencies.
· Enter the Amount: Specify the deposit amount in INR or your account currency.
· Confirm the Transaction: Follow the prompts to complete the payment. Funds are typically credited instantly or within a few minutes.
Minimum Deposit: Exness offers low entry barriers, with minimum deposits starting at $1 for Standard accounts and $200 for Pro accounts.
Note: Exness processes over 98% of withdrawals instantly (under 1 minute), and deposits are generally fee-free, though some payment providers may charge their own fees.
4. Explore the Exness Trading App Interface
The Exness Trading App is designed for intuitive navigation. Key sections include:
· Dashboard: View your account balance, equity, margin, and recent trades.
· Market Watch: Monitor real-time prices for forex pairs, stocks, commodities, indices, and cryptocurrencies.
· Trade Tab: Access charts, place trades, and manage open positions.
· Accounts Tab: Switch between multiple accounts, adjust leverage, and review transaction history.
· Funds Tab: Manage deposits, withdrawals, and internal transfers.
· More Tab: Access settings, customer support, and educational resources.
Spend time exploring the app to understand its layout. Beginners should focus on the Market Watch and Trade tabs to get comfortable with price movements and charting tools.
5. Execute Your First Trade
Trading on the Exness app is straightforward, thanks to its built-in tools and features. Follow these steps to place a trade:
· Select an Instrument:
· Go to the Market Watch tab and choose an asset (e.g., EUR/USD for forex, gold for commodities, or Bitcoin for crypto).
· For Indian traders, INR-based pairs like USD/INR can be a familiar starting point.
· Analyze the Market:
· Tap the instrument to view its chart.
· Use technical indicators like Moving Averages, Relative Strength Index (RSI), or MACD to identify trends.
· Monitor news events that may impact prices (e.g., economic data releases or geopolitical developments).
· Set Trade Parameters:
· Choose your lot size (e.g., 0.01 for micro-lots, ideal for beginners).
· Set Stop Loss (SL) to limit potential losses and Take Profit (TP) to secure profits automatically.
· Adjust leverage (up to 1:2000, but use cautiously to manage risk).
· Place the Trade:
· Tap Buy if you expect the price to rise or Sell if you anticipate a decline.
· Confirm the trade. You’ll receive a notification once the order is executed.
Example Trade:
· Instrument: EUR/USD
· Lot Size: 0.01
· Entry Price: 1.1000
· Stop Loss: 1.0980 (20 pips below)
· Take Profit: 1.1050 (50 pips above)
· Action: Tap Buy if you believe EUR/USD will rise. Monitor the trade in the Trades section.
Risk Management Tip: Never risk more than 1-2% of your account balance on a single trade. Use the app’s trading calculator to assess margin requirements and potential profit/loss.
6. Manage Open Trades
Once a trade is open, you can monitor and modify it in the Trades section:
· View Open Positions: Check real-time profit/loss, current price, and trade details.
· Modify Orders: Adjust Stop Loss or Take Profit levels by tapping the trade and selecting Modify.
· Close Trades: Tap the trade, select Close, and confirm to lock in profits or cut losses. You can also partially close a position to secure partial profits.
The app’s Stop Out Protection feature helps delay or avoid stop outs during volatile markets, giving your trades more room to recover.
7. Withdraw Funds from Your Exness Account
When you’re ready to withdraw profits or funds, the process is simple:
· Navigate to “Funds”: Go to the Withdraw tab in the app.
· Select Payment Method: Use the same method as your deposit (e.g., UPI, NetBanking, or e-wallets) for faster processing.
· Enter Amount: Specify the withdrawal amount in INR or your account currency.
· Confirm Request: Follow the prompts to complete the transaction.
Most withdrawals are processed instantly or within 24 hours, depending on the method. Ensure your account is fully verified to avoid delays.
Note: Some users have reported occasional delays with withdrawals, particularly with bank cards. If you encounter issues, contact Exness’ 24/7 customer support for assistance.
8. Advanced Features of the Exness Trading App
The Exness Trading App offers advanced tools to enhance your trading experience:
· Charting Tools: Access TradingView-powered charts with 100+ indicators, drawing tools, and customizable timeframes.
· Push Notifications: Set alerts for price changes, trade executions, or economic news.
· Risk Calculator: Calculate margin, spreads, and swaps within the app to plan trades effectively.
· Copy Trading: Follow and replicate strategies from experienced traders directly on the app.
· Automated Trading: Use Expert Advisors (EAs) on MT5 accounts for algorithmic trading, accessible via the Exness Trade app.
For Indian traders, the app’s performance is reliable even on slower internet connections, making it suitable for use across urban and rural areas.
9. Tips for Successful Trading with Exness in India
To maximize your success with the Exness Trading App, follow these tips:
· Practice on a Demo Account: Hone your skills risk-free before trading with real money.
· Stay Informed: Follow global economic events and market news via the app’s analysis section or external sources like Exness’ blog and YouTube channel.
· Manage Risk: Always use Stop Loss and Take Profit orders. Avoid over-leveraging, as high leverage (e.g., 1:2000) can amplify losses.
· Learn Continuously: Take advantage of Exness’ free educational resources, including webinars, tutorials, and trading guides.
· Update the App: Keep the app updated to access the latest features and security enhancements.
· Comply with Regulations: Be aware of India’s forex trading rules, as Exness is not regulated by RBI or SEBI. Consult a financial advisor if needed.
10. Common Challenges and Solutions
While the Exness Trading App is highly reliable, you may encounter occasional challenges. Here’s how to address them:
· Withdrawal Delays: If a withdrawal is delayed, check your account verification status and contact support. Most issues are resolved within 24 hours.
· Trade Disabled Error: This occurs if your account lacks sufficient funds to meet margin requirements. Deposit more funds or reduce your trade size.
· App Unavailability: If the app isn’t available in your region’s app store, use MT4/MT5 or the Exness Web Terminal.
· Market Volatility: Spreads may widen during volatile periods (e.g., news releases). Use the app’s Stop Out Protection to manage risks.
Is Exness Legal in India?
Exness is not regulated by RBI or SEBI, which means it’s not officially authorized to operate in India. However, many Indian traders use Exness due to its international regulations and robust platform. To stay compliant, ensure you:
· Trade only with funds you can afford to lose.
· Report any profits to tax authorities as per Indian laws.
· Avoid trading INR-based pairs unless permitted by RBI guidelines.
Consult a legal or financial advisor to understand the implications of trading with offshore brokers like Exness.
Conclusion
The Exness Trading App is a powerful and accessible platform for Indian traders looking to engage in global financial markets. With its intuitive design, advanced tools, and support for INR transactions, it caters to traders of all levels. By following this guide, you can confidently download the app, set up your account, execute trades, and manage funds while staying mindful of risks and regulations.
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