Exness Social Trading – Information and instructions for use

Investors make quite a lot of transactions at Exness Social Trading, but when asked about the nature of this trading platform? And what is its nature?, very few traders understand it. To help traders better understand Social Trading Exness to use it to make more effective transactions, Forex will share information related to it right after this.

What does Social Trading mean?

Exness Social Trading, also known as Social Investing, is one of the social trading applications supported by Exness. This application allows traders to copy trades from more experienced traders or experts in electronic trading to generate profits for both parties. It is considered a solution for the new generation of investment opportunities, based on 2.0 technology.

When participating in trading activities, there are two main parties: the investor and the strategist.

For investors: They are typically new to the Exness platform and may not have much experience in trading. Through Exness Social Trading, they can search for and choose experienced strategists, refer to and copy strategies that lead to successful trades.

For strategists: They provide strategies for executing trades to generate profits for themselves. If the investors profit from the trades, it means that the strategists will also earn a commission from the portion of the strategy that is copied. However, investors need to pay a certain commission fee to the strategists for copying their trading strategies.

Therefore, Exness Social Trading helps generate profits for both parties.

How Exness Social Trading works

The way Exness Social Trading works is by providing quick access to the financial market, allowing traders to share their experiences and strategies, while also being able to copy the trading strategies of other investors.

Investors can use the social trading platform comprehensively or utilize specific aspects depending on the strategy they implement.

Nowadays, Forex traders use social trading platforms to facilitate the exchange and learning of better trading strategies through copy trading or mirrored trading methods.

In addition to the communication platform, investors can also register their channels on social networks, where they will be displayed according to their copied trades. For example, if Trader A executes a trade, Trader B will automatically perform the same trade as Trader A.

Experienced investors who share their trading strategies will benefit by earning money and gaining prestige. These investors may even become leaders in trading on Exness Social Trading due to their popularity and success. This is why Exness Social Trading attracts both new investors without experience and seasoned investors with many years of experience.

Investors can also apply social trading principles here, but must maintain the ability to control their trades using indicators and signals.

What are the benefits of participating in trading on the Exness Social Trading platform?

Transparency

For many types of services entrusted by Exness, there is often no solid basis to make partner decisions other than advertisements through brokers. Typically, brokers evaluate their investment methods as highly effective and safe. However, it is difficult to verify whether this is truly the case.

In contrast, Exness Social Trading is considered a platform with high transparency and is the preferred choice for social traders. The trading history of experienced investors is made public, allowing other investors to select strategies that suit them. Information about product types, monthly performance results, risks, methods, and even details about orders, time, and results are made transparently available.

Thanks to this transparency, investors can quickly achieve effective results after just a few days of studying the strategies of other investors.

Control capability

In traditional investment methods through entrusted media, we pay a fee to the broker, but we cannot control the potential risks that may arise. However, with Exness Social Trading, we can control the activities of experienced investors and know exactly what they are doing with our money.

When executing trades on this social platform, we are allowed to access trading histories, intervene in orders, and even disable the copy trading feature whenever we want.

The money in your trading account will always remain yours; you don’t need to transfer funds to anyone, and you won’t have to worry about losing money or exposing your account.

Effectiveness

When investing in the foreign exchange market, we must accept that losses are possible, especially for newcomers with little experience, as the chances of incurring losses are high.

Before becoming a professional investor, you need to learn and gain more knowledge and experience. However, when participating in Exness Social Trading, the important thing you need to do is choose a reputable and successful leader to copy their trading strategies.

Through the trading results of investors, you should select a top leader who typically has better skills than others.

However, you should be aware that choosing a leader with rapid growth means that the trades they execute come with a higher risk. Therefore, you need to assess what level of risk you are willing to accept and understand your investment goals to minimize the chances of losses.

Optimizing risks

The cost of trading on Exness Social Trading is much lower compared to traditional investments. With traditional trades, you could lose anywhere from 10 to 50% of your profits, along with additional unforeseen fees. This often leads to minimal profits or even losses.

However, with Exness Social Trading, you only need to pay a small fee or sometimes no fee at all to copy trading strategies. The platform receives a commission when you copy trades, which means the fee you pay is relatively low, and the platform doesn’t require you to share any of your existing profits.

Some Exness Social Trading platforms do not require you to keep your computer running continuously, so you don’t need to make any investment in equipment.

What are the disadvantages of trading on Exness Social Trading?

Ineffective trades

 

Copying trading strategies on Exness Social Trading may not always be effective because new traders become dependent on the trading style of their chosen leader. While Exness Social Trading offers transparency, this very transparency can also be a double-edged sword, as organizations with the intent to manipulate the market may exploit it to gain illegitimate profits.

New and small investors in the market bear the risks, which can lead to significant losses. Exness Social Trading is also a platform where financial institutions promote their projects with high interest rates to attract investments, but in reality, these projects may not provide the profits they advertise.

Withdrawal fees

Exness Social Trading is considered to have the lowest fees in the market today. However, in practice, investors may face high fees when withdrawing funds from this social trading platform. Therefore, before engaging in trading, you should thoroughly investigate the withdrawal fees.

Deposit limit restrictions

Exness Social Trading has regulations regarding deposits and withdrawals, so investors must comply with these rules. Typically, the deposit limit must be greater than 1000 USD for trades to be executed.

Followers will bear the risks

At Exness Social Trading, information related to trading results and the history of the leader’s trades is made public. However, if any mistakes or risks occur, it is the new traders who will bear the consequences, while the strategy sharer will not be affected. Nonetheless, the new investors must still pay the commission fees when copying the strategies.

Should you choose Exness Social Trading?

With the information above, should investors choose Exness Social Trading? If you are an investor with limited time and experience, Social Trading could be an option you should consider based on the following factors:

• Investors can easily start trading in the Forex market with a modest capital.
• The Forex platform provides a safe and reputable Social Trading investment platform.
• You can choose a Leader that aligns with your investment goals.
• Full control over investment allocation and security settings.
• Track and adjust allocated funds if needed.
• Summarize results and earn profits.

Basic steps to use Exness Social Trading

If you want to copy strategies to execute trades, you can follow the guide below to use this social trading network. However, note that Exness Social Trading is not officially supported by Exness, so if you want to use it, you need to download it to your phone.

Step 1: Download Exness Social Trading to your phone

Go to CH Play/App Store, search for Social Trading Exness, and download it. Then, change the language to Vietnamese to make the next steps easier.

Next, select Social Trading Exness to open the app and log in.

Exness and Social Trading Exness share the same login information, so if you already have an Exness account, simply log in here without needing to register a new one. If you don’t have an account, you need to register for an Exness account.

Exness and Social Trading Exness share the same account but use separate wallets. Therefore, if you want to trade, you need to deposit money into both the Exness and Social Trading Exness wallets.

Step 2: Deposit funds into Exness Social Trading

Currently, you can deposit funds into Exness Social Trading using 5 different methods. In Vietnam, the most common deposit method is through internet banking. You can follow these steps:

Select the Deposit option, choose your preferred deposit method, then select Internet Banking. Enter the amount you wish to deposit, choose the currency, and click Continue.

Double-check the amount to ensure it’s correct and click Confirm. Then, choose the bank you wish to use for the deposit.

The screen will redirect to the banking system of your selected bank. Log in and enter the confirmation code.

You will receive an OTP (One-Time Password) from the bank. Enter the OTP in the box on the screen and click Continue. Now, your deposit has been successfully completed.

Step 3: At this point, the Exness Social Trading screen will display information such as: the total amount you have invested and the strategies you can apply for investment.

Under the strategy selection section, you can choose based on the following criteria:

• Currency
• Most copied strategies
• High returns, low risk
• Low fees, low commissions
• New strategies
• Highest profits in 1 month/3 months

Step 4: You will review and select the appropriate strategy leader by choosing their name. The following information will be displayed:

Risk level of the strategy, Profitability, Commission fees, Leverage, Asset type, Required investment amount, Drawdown level. From this information, you can choose the most suitable leader.

For Exness Social Trading, selecting the right strategy leader is crucial for new investors. Therefore, you need to make the most informed decision based on the indicators provided by the system.

Once you’ve found the right leader, click on Copy to start copying their strategy.

Above are the details about Exness Social Trading that Forex wants to share with investors. Trading on this social network offers many benefits for investors, but there are also some limitations, so make sure to carefully consider your options before choosing.