10 minute read
Is Exness and Exness Go Same? A Comprehensive Comparison
from Exness
by Exness_Blog
The world of online trading is vast and dynamic, with platforms like Exness standing out as industry leaders. As a multi-asset broker established in 2008, Exness has earned a reputation for its robust trading tools, competitive pricing, and global reach. However, with the introduction of Exness Go, a mobile-first trading app, many traders are left wondering: Are Exness and Exness Go the same? This article dives deep into the differences and similarities between Exness and Exness Go, exploring their features, target audiences, and how they cater to diverse trading needs. By the end, you’ll have a clear understanding of which platform suits your trading style.
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What is Exness?
Exness is a globally recognized multi-asset broker, offering trading in contracts for difference (CFDs) across forex, commodities, cryptocurrencies, indices, and stocks. Headquartered in Cyprus, Exness operates under strict regulatory oversight from top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Services Authority (FSA) in Seychelles. With over 1 million active traders and a commitment to transparency, Exness has become a trusted name in the trading community.
The platform is known for its advanced trading tools, low spreads, and fast execution speeds. Exness supports popular trading platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Exness Terminal, catering to traders of all experience levels. Its account types—Standard, Standard Cent, Pro, Zero, and Raw Spread—offer flexibility for beginners and professionals alike. Additionally, Exness provides instant withdrawals (98% processed in under a minute), negative balance protection, and a wealth of educational resources to empower traders.
What is Exness Go?
Exness Go is a mobile trading app developed by Exness to provide traders with the flexibility to trade on the go. Launched as a streamlined, mobile-first solution, Exness Go is designed to simplify the trading experience while maintaining access to the same financial instruments available on the main Exness platform. The app prioritizes ease of use, offering a clean and intuitive interface that appeals to both novice and experienced traders who prefer mobile trading.
Exness Go focuses on delivering essential trading functionalities, such as real-time market data, trade execution, and position management, all optimized for mobile devices. It’s available on both iOS and Android, making it accessible to a wide audience. While it shares the same regulatory framework and trading conditions as the main Exness platform, Exness Go is tailored for traders who value mobility and simplicity over the advanced customization options available on desktop platforms.
Key Differences Between Exness and Exness Go
While Exness and Exness Go are part of the same ecosystem, they serve different purposes and cater to distinct trader profiles. Below, we explore the key differences between the two platforms.
1. Platform Design and Accessibility
Exness: The main Exness platform is designed for desktop and web-based trading, offering a comprehensive suite of tools for advanced traders. It includes the Exness Terminal, MT4, and MT5, which provide robust charting, technical analysis, and order execution capabilities. Traders can customize their workspace, use Expert Advisors (EAs) for automated trading, and access advanced market data. The desktop platform is ideal for traders who require in-depth analysis and complex trading strategies.
Exness Go: Exness Go is a mobile app tailored for traders who prioritize convenience and mobility. Its simplified interface focuses on core trading functions, such as placing orders, monitoring positions, and setting alerts. While it offers access to the same trading instruments, it lacks the advanced customization and analytical tools available on the desktop platform. Exness Go is perfect for traders who want to manage trades on the go without being overwhelmed by complex features.
2. Target Audience
Exness: The main platform caters to a broad audience, from beginners to professional traders. Its diverse account types, such as the Standard Cent account for novices and the Raw Spread or Zero accounts for professionals, make it suitable for traders with varying levels of experience and capital. The platform’s advanced tools, like detailed charting and support for EAs, appeal to those employing sophisticated trading strategies.
Exness Go: Exness Go targets mobile-first traders, particularly beginners and casual traders who prefer a straightforward trading experience. Its single standard account with a low initial deposit makes it accessible for those new to trading. While experienced traders can use Exness Go for quick trade execution, its simplified interface may not fully satisfy those who rely on advanced analytical tools.
3. Account Types and Customization
Exness: Offers five distinct account types—Standard Cent, Standard, Pro, Zero, and Raw Spread—each tailored to different trading needs. For example, the Standard Cent account is ideal for beginners testing strategies with smaller volumes, while the Zero and Raw Spread accounts offer ultra-low spreads for high-volume traders. Exness also provides flexible leverage options (up to 1:2000) and detailed margin settings for precise control.
Exness Go: Simplifies the account structure by offering a single standard account with a low minimum deposit. This reduces complexity for beginners but limits customization compared to the main platform. Leverage options are similar, but the mobile app encourages pre-configured settings for ease of use, which may not suit traders requiring granular control.
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4. Trading Tools and Features
Exness: The desktop platform provides a wide range of tools, including advanced charting with 21 timeframes (on MT5), 38 built-in indicators, and support for automated trading via EAs. Traders can access real-time push notifications, trend exploration tools, and instrument-specific insights to make informed decisions. The platform also supports hedging and scalping strategies, making it suitable for complex trading approaches.
Exness Go: While Exness Go offers real-time market data and basic charting, its tools are less comprehensive than those on the desktop platform. The app focuses on ease of execution, allowing traders to place orders and manage positions quickly. It’s ideal for monitoring trades and making quick decisions but may not suffice for in-depth technical analysis.
5. Fee Structure
Exness: The main platform offers competitive pricing with spreads starting from 0.2 pips on Standard accounts and as low as 0.0 pips on Zero and Raw Spread accounts (with a commission of around $3.50 per lot). Exness does not charge deposit or withdrawal fees, and most accounts offer swap-free trading for major forex pairs, gold, and cryptocurrencies.
Exness Go: Exness Go follows the same fee structure as the main platform, ensuring consistent pricing across both. Traders benefit from tight spreads, low or no commissions (depending on the account), and no additional fees for mobile access. However, the mobile app may not offer the same level of fee customization as the desktop platform, particularly for traders using EAs or advanced strategies.
Similarities Between Exness and Exness Go
Despite their differences, Exness and Exness Go share several core features that make them part of the same trusted ecosystem.
1. Regulatory Compliance
Both Exness and Exness Go operate under the same regulatory framework, ensuring high standards of safety and transparency. Regulated by the FCA, CySEC, and FSA, both platforms adhere to strict standards for client fund protection, financial reporting, and ethical conduct. Traders can trust that their funds are secure, with features like negative balance protection and segregated client accounts.
2. Trading Instruments
Exness and Exness Go offer access to the same range of trading instruments, including CFDs on forex, commodities, cryptocurrencies, indices, and stocks. This ensures that traders using the mobile app are not limited in their market exposure compared to desktop users.
3. Customer Support
Both platforms provide 24/7 customer support through multiple channels, including live chat, email, and phone. The support is multilingual, catering to traders worldwide, and includes an extensive FAQ section for self-help. Exness Go benefits from the same responsive support framework, ensuring mobile traders receive prompt assistance.
4. Security Features
Exness and Exness Go employ robust security measures, including encryption protocols, two-factor authentication (2FA), and secure payment gateways. These features protect traders’ personal data and transactions, providing peace of mind across both platforms.
5. Instant Withdrawals
Both platforms offer instant withdrawals, with over 98% of transactions processed in under a minute. This feature, combined with no withdrawal fees (though some payment providers may charge fees), enhances the trading experience for users on both Exness and Exness Go.
Which Platform Should You Choose?
Choosing between Exness and Exness Go depends on your trading preferences, experience level, and lifestyle. Here’s a breakdown to help you decide:
Choose Exness if:
You’re an advanced trader who needs comprehensive tools for technical analysis, charting, and automated trading.
You prefer a desktop or web-based platform with full customization options.
You want access to multiple account types to match your trading style and capital.
You employ complex strategies like hedging or scalping that require advanced features.
Choose Exness Go if:
You’re a beginner or casual trader looking for a simple, mobile-first trading experience.
You value mobility and want to trade on the go without complex setups.
You prefer a streamlined interface with essential trading functions.
You don’t require advanced analytical tools or granular control over trading conditions.
User Feedback and Experiences
User reviews provide valuable insights into the performance of both platforms. On Trustpilot, Exness has a 4.7/5 rating based on over 17,000 reviews, with users praising its fast withdrawals, low fees, and reliable customer support. Many appreciate the platform’s transparency and ease of use, particularly for beginners. However, some users note that the Standard Cent account has wider spreads compared to professional accounts.
Exness Go, while less frequently reviewed as a standalone app, benefits from the same positive reputation. Users highlight its user-friendly interface and seamless mobile trading experience. Some experienced traders, however, express a preference for the desktop platform due to its advanced features. Negative feedback, though rare, often relates to verification issues or delays caused by payment providers, which are not unique to Exness.
Potential Challenges and Considerations
While both platforms are highly regarded, there are a few considerations to keep in mind:
Learning Curve: Exness’s desktop platform may feel overwhelming for beginners due to its extensive features. Exness Go, with its simplified interface, is more approachable for new traders.
Limited Markets: Exness focuses on CFDs and does not offer direct ownership of assets like stocks or cryptocurrencies. This limitation applies to both platforms.
Mobile Limitations: Exness Go’s streamlined design sacrifices some advanced tools, which may not suit traders who rely on in-depth analysis or automated strategies.
Verification Issues: Some users report delays in account verification or withdrawals, often due to incomplete documentation or payment provider issues. Completing verification promptly can mitigate these challenges.
Conclusion
Exness and Exness Go are not the same but are complementary platforms within the Exness ecosystem. Exness is a robust, feature-rich platform ideal for advanced traders who need comprehensive tools and customization. Exness Go, on the other hand, is a mobile-first app designed for simplicity and convenience, catering to beginners and traders who prioritize mobility. Both platforms share the same regulatory compliance, trading instruments, and commitment to low-cost, transparent trading.
Your choice depends on your trading goals and lifestyle. If you’re a beginner or prefer trading on the go, Exness Go is an excellent starting point. For advanced traders seeking in-depth analysis and flexibility, the main Exness platform is the better fit. Regardless of your choice, both platforms offer a secure, reliable, and user-friendly trading experience backed by Exness’s stellar reputation.
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