Exinity Forex Broker Review For Kenya

Exinity Basics

🏛️ Based in	London, UK
⚖️ Regulation	FSRA, FCA, FSC
💰 Minimum Deposit	$20
💳 Deposit Options	Debit Card, Credit Card, Bank Wire.
💳 Withdrawal Options	Debit Card, Credit Card, Bank Wire.
📌Open an account	Start Trading With Exinity

Our Opinion About Exinity

Exinity is an online forex broker. It was first launched in 2021 and is part of the Exinity Group. They are a fast-growing forex company with a large client base in Africa.

As a licensed broker, Exinity has a safe online trading environment and many client fund protection measures. When it comes to trading, they offer three main account types, all of which come with great trading conditions. They have a nice selection of trading instruments including forex pairs, energies, metals, stocks, and indices. They also have tight spreads, high leverage, and low commissions.

As a top forex broker, Exinityhas excellent trading technology. They have two of the best online trading platforms – MetaTrader4 and MetaTrader5. They also have free trading tools including market signals, forex calculators, and an economic calendar. If you’re looking for more support, they also have free market research and free educational materials. Could Exinity be the right broker for you? Read our review to find out.

The Exinity Group

Exinity is the third forex broker launched as part of the Exinity Group. The group also includes FXTM and Alpari. They operate on a global scale and have earned the trust of over 4,000,000 clients. They have licences from some of the top regulatory authorities in the world including the CySEC in Cyprus, the FCA in the UK, and the FSCA in South Africa. The Group has also won several prestigious forex awards in recognition of their excellent online trading services.

Regulation and Safety

In November 2020, Exinity obtained its licence from the Capital Markets Authority (CMA) in Kenya. Exinity has also obtained licenced in several other regions:

• Mauritius – Exinity Limited is registered under C119470 C/GBL. It is regulated by the Financial Services Commission under licence number C113012295.
• UAE – Exinity ME Ltd is registered under 000004692. It is regulated by the Financial Services Regulatory Authority (FSRA) under permission number 200015.
• UK – Exinity UK Limited is registered under 10599136. It is regulated by the strict Financial Conduct Authority under licence number 777911.

Regulation In Kenya

Kenyan clients can register under the local Exinity Limited subsidiary, which is regulated by the CMA in Kenya. This means that Kenyan traders can trade with a local broker and get more regulatory oversight.

Exinity Fund Safety

Exinity is a reputable forex broker. When it comes to client fund safety, they abide by all local regulatory requirements and have many fund protection measures in place. For example, Exinity operates based on a segregated account policy. They keep all client funds in segregated accounts, separate from their own company funds. This means that they can never use client funds for their own operational purposes. They also have many data security measures in place. This means your personal information is also safe.

Exinity: Legit or Scam?

Exinity is a legit broker. They have been offering online trading services for several years and have a large client base in Kenya. In terms of regulation, they are licensed by the CMA and operate in line with all local regulatory requirements. In terms of trading services, they have a good range of trading accounts and excellent trading conditions. They also have a good selection of payment methods. In our opinion, they are a legit forex broker.

Trading Assets

Exinity offers trading on several financial markets including currency pairs, metals, stocks, indices, and commodities. They have 200+ trading instruments in total.

Trading Instruments

• Forex: Exinity has trading on currency pairs. You can choose from 62 forex pairs to trade, including majors, minors, and exotics.
• Metals: Exinity offers trading on metals. You can try trading on silver and gold crosses with the EUR, USD, and GBP.
• Indices: Exinity has trading on indices. You can try trading popular indices, including the UK100, DAX30, and the S&P500.
• Stocks: Exinity offers trading on stocks including popular US tech companies and multinational energy companies.
• Commodities: Exinity has trading on commodities. You can choose from UK Brent, US Crude, and US Natural Gas.

Exinity Account Types

Exinity has three main account types. These are the Exinity World Account, the Exinity Trader Account, and the Exinity Trader Pro Account. If preferred, you can also try a demo account, an Islamic swap-free account, or a PAMM account.

Type	Min. Deposit	Max. Leverage	Commission
Exinity World	$20	1:1000	$0
Exinity Trader	$100	1:1000	$0
Exinity Trader Pro	$10,000	1:1000	$0

Exinity World Account

The Exinity World Account is their main trading account for casual traders . It is a great choice for new traders who want good trading conditions. It comes with tight spreads on forex pairs. For example, you can trade EURUSD with an average of 0.0 pips. It also comes with high Exinity leverage of up to 1:1000. The Exinity minimum deposit for this account is $20. It is available on both MT4 and MT5.

Exinity Trader Account

The Exinity Trader Account is their main trading account for regular traders . It is a great choice for intermediate traders who want good trading conditions. The account comes with additional trading support including group workshops. It also comes with higher Exinity leverage of up to 1:2000. The Exinity minimum deposit for this account is $100. It is available on both MT4 and MT5.

Exinity Trader Pro Account

The Exinity Trader Pro Account is their main trading account for professional traders who meet the required criteria. It is a great choice for experienced traders who want low trading costs. It comes with tight spreads on forex pairs. For example, you can trade EURUSD with an average of 0.1 pips and zero commissions. It also comes with high Exinity leverage of up to 1:2000. The Exinity minimum deposit for this account is $10,000. It is available on both MT4 and MT5.

Demo Accounts

Exinity has a free demo trading account. You can use the demo account to improve your trading skills and familiarise yourself with different trading strategies. You can also use it to get a feel for the forex market and for what forex trading is about. Exinity demo accounts operate using a virtual balance, not real funds, so they are a safe option for new traders. The account will remain active as long as you log in at least once a fortnight.

PAMM Accounts

Exinity has a PAMM account service for experienced traders. To find out more about Exinity managed accounts, you can contact the customer support team.

Islamic Accounts

All Exinity accounts are available as Islamic swap-free accounts When the swap-free mode is enabled, the account will not accrue interest for carrying positions overnight. Therefore, it is suitable for Muslim traders and fully compliant with Sharia law.

Exinity Leverage

Traders in Kenya get access to high leverage. The leverage available depends on your account type. For example, you can get up to 1:1000 with the Exinity World account, and up to 1:2000 leverage with the Exinity Trader Account.

Exinity Spreads

Traders in Kenya get access to tight spreads. The Exinity spreads available depend on your account type. For example, you can get spreads from 0.0 pips on EUR/USD with the Exinity Trader account and 0.1 pips on the Exinity Trader Pro account.

Exinity Commissions

Traders in Kenya can trade with low or no commission. The commission fee depends on your account type. For example, there is a small commission of 0.04 USD per $1,000 on the Exinity Trader account, and there are no commissions on the Exinity Trader Pro Account.

Exinity Registration – How To Register An Account

As part of our Exinity review, we checked the account registration process. If you live in Kenya, then you are eligible to open an Exinity trading account. The first thing you need to do is visit their website and register online. This is so that they can register your personal details. At this stage of the process, you also need to choose an email address and password. This is so that they can create your account and login details.

The next step is to complete a short quiz about online trading. This is so that Exinity can find out what you know about trading and decide whether their services are suitable for you. At this stage, all you need to do is answer a few questions to show Exinity that you know how to trade. If you pass the test, you can proceed to account verification. The last thing you need to do is provide your documents, confirm your personal details, and fund your account.

Exinity Registration – How To Verify An Account

To open a live trading account you’ll need to show Exinity a proof of ID and a proof of address. This is so that they can check your identity and verify your account. The Exinity verification process is simple. You can provide copies of your National ID card, Passport or Driving License . You can also provide copies of a utility bill or a bank statement registered in your name. After you have verified your account, you can add funds and start trading.

Exinity Payment Methods

As part of our Exinity review, we checked what payment options are available. They offer fast deposits and easy withdrawals. They also offer good transaction handling times and low transaction fees on both deposits and withdrawals.

Exinity Deposits

There are plenty of payment methods for Exinity. You can make deposits using a debit card, credit card or bank transfer. You can also deposit using one of the available e-wallets. There are no deposit fees. The processing time depends on the payment method.

Minimum Deposits

The minimum deposit varies depending on which account type you choose. For example, the Exinity World minimum deposit is $20. However, the Exinity Trader account minimum deposit is $100. The Exinity Pro account minimum deposit is $10,000.

Exinity Withdrawals

Withdrawal Methods

As part of our withdrawal review, we checked their withdrawal methods. Exinity offers a good range of withdrawal options. You can make withdrawals using a debit card, credit card or bank transfer. You can also withdraw money using one of the available e-wallets. They may apply a small withdrawal fee depending on the payment method.

Withdrawal Problems

Exinity is a good broker, and as such, provides a high level of customer service. There are plenty of Exinity withdrawal methods to choose from, and there are good withdrawal processing procedures in place. If clients experience issues withdrawing their funds, they are able to contact the Exinity customer support team for help.

Trading Platforms

You can trade using Exinity MT4 and MT5. The trading conditions available on your platform vary slightly depending on which account type you choose.

MetaTrader4 (MT4) is one of the best trading platforms. It has a user-friendly design and comes with many free tools. You can use its platform to trade all of the top CFD trading instruments including forex, shares, and indices. The Exinity MT4 platform also comes with advanced charting tools, 4 order execution types, 30 technical indicators and 23 analytical objects.

MetaTrader5 (MT5) is also another great trading platform. It has an easy-to-use interface. As with MetaTrader4, you can use it to access and trade all your favourite trading instruments. The Exinity MT5 platform also has a wide selection of trading tools including 6 order execution types, 38 indicators, and 37 analytical objects. As such, it has better functionalit.

Trading Tools

Exinity offers a free economic calendar to help you keep up with market news. Their economic calendar covers all global economic data releases. It also includes detailed explanations and forecasts for each new release. As such, it makes monitoring fundamentals and predicting price movements easier. Exinity also offers free market analysis. They cover many markets including the forex market and the stock market.

Education and Research

When it comes to education, Exinity is committed to helping new and experienced traders get more out of their trading. It offers a selection of free education materials designed to help you develop a basic understanding of the forex market and how forex trading works. These include beginner guides, eBooks, trading videos, educational articles, trading strategies, and a forex glossary. However, you can only access the materials if you open an account. They also offer seminars in numerous locations.

Exinity Trading Hours

Exinity operates during standard trading hours. You can open trades whenever the forex market is open. Trading hours may vary on public holidays.

Exinity Customer Support

Exinity offers great customer service. The Exinity customer support staff are very friendly and are available 24 hours a day, 5 days a week. You can contact them via live chat, email, and phone. They will help you with any questions you may have.

Our Verdict

We think Exinity is a legit forex broker with excellent online trading services. They offer great trading conditions, cutting-edge trading technology, and excellent customer service.They also offer helpful learning resources, detailed market research, and useful trading tools. In our opinion, they are a good choice for forex traders in Kenya.

Exinity Forex Broker Review FAQ

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