Exness is well known in the world of brokerage. Since 2008, this multi-asset brokerage firm has allowed traders to work using Contracts for Difference (CFDs) which permit speculating the price movements of assets.
Online protection is more needed than ever due to the evolving threats that advance as fast as digital technology, and that’s why Exness is always concerned about developing and updating security measurements to protect its traders. Find out what’s new for 2024.
Why Exness?
Investment scams and risks are the major concerns of traders when giving away their personal and financial data, especially when dealing with multiple assets at once.
Exness has many advantages for brokers regardless of their level of experience, offering security protocols that are distinguished due to their state-of-the-art security measures with the latest developments in the cybersecurity field that are constantly updated and improved.
Exness’ zero trust perspective is rooted in the constant work that the IT team dedicates to identifying any potential safety problem, and the bug bounty program is an entertaining way for developers to find several new issues and get recompensed for making bug reports and reviews of the service.
Exness Is Safe and Trustable
Registered and regulated by different financial institutions, Exness is a verifiable business that counts with the approval of institutions such as the Financial Conduct Authority (FCD) of the United Kingdom, the Central Bank of Curaçao and St Maarten (CBCS) for example that regulate Exness operations in their respective territory.
Exness is constantly updating and challenging its perception of cybersecurity, always looking to make improvements based on updates and trends in the forex trading broker profession, offering B2B solutions for both institutional and individual investors.
Exness is located in many countries on the five continents and also encompasses regions and territories of certain lands and accepts clients that are nationals and residents.
Exness Trade App
Supported by iOS and Android, the Exness trade app allows access to more than 400 tools, and possesses a user-friendly layout that can be understandable by beginners too. It also supports a social trading platform where traders can discuss strategies and techniques while learning from strategy providers and it’s possible to check the market news, use an economic calendar, and get trading ideas with customer support always available.
Fund Protection Schemes
If there’s a risk at any moment for traders Exness also offers its own fund protection schemes because Exness scam protective measurements take into account that many different safety nets must be placed for invested money and investment operations, offering fund protection schemes in case there’s a leak of information that endangered the traders’ data or funds.
Available Security Types
Different security types are available to help brokers identify themselves in the way it’s most convenient for them. It can either be by phone, email, push notifications, or Time-based One-Time Password (TOPT) — although this option is not available worldwide yet.
A mandatory 6-digit code would always be sent to the chosen security type to confirm Exness account login. There’s also a support PIN, the highest level of security, that is used to verify the account owner when contacting support.
Traders can switch to a different security type in some cases by accessing the security settings in the personal area of their account, but it’s advisable to contact support so they can assist you with it and ensure that security protocols are followed during the transition.
Payment Protection Features
With segregated accounts, Exness aims to keep your funds separate from theirs so they do not get all mixed, and the traders can withdraw or handle them any time they need to, making transactions seamless.
Another feature is the 3D security for debit card transactions that includes an additional 3 steps process to confirm the account’s holder identity with the goal of reducing fraud risk thanks to the involvement of 3 parts: the bank, considered the issuer, the seller the trader is buying from, and the Exness secure system that works as an intermediate.
PCI DSS (Payment Card Industry Data Security Standard) compliance is strictly evaluated by periodic audits that Exness must hold and keep through effective management. With this in mind, custom security settings and vulnerability scans are constantly and periodically conducted.
Practices to Prevent Risk
Account holders must become familiar with all the security steps that they must follow as users in the Exness platform for the first layer of prevention of personal data by never sharing any login credentials and keeping the personal area restricted to any access.
Financial activities must also be conducted in the personal area of the account holder, and traders should never transfer funds to anonymous accounts. In case there’s any suspicion or problem regarding broken links or dubious activity it’s wise to immediately contact support, especially when the concerns are about fraudulent activities or message authenticity.
