What is Exness?
Exness is a forex and CFD broker offering access to trading in currencies, cryptocurrencies, stocks, indices, and commodities. Exness offers its proprietary Trading Terminal platform and MetaTrader 4 and 5.
How Long Does Exness Withdrawal Take In South Africa?
On Exness’ side, all withdrawal requests are processed instantly. Your withdrawal request is then sent to our card processors and your bank, and the whole process can take from 7 to 10 business days for the funds to be reflected in your bank account.
How do I withdraw money from Exness in South Africa?
Withdrawing funds with Exness is super simple, all you need is access to your Personal Area, your payment system accounts, and also your currently set security type (Email/SMS).
Here is a detailed guide:
- Log in to your Personal Area.
- Click on the ‘Withdrawal’ tab.
- Select the payment method you choose to use.
- Fill in details like the account number, payment method details, and the amount you wish to withdraw.
- Confirm the transaction by entering the verification code sent to your security type (Email/SMS).
That’s it. Your funds will be credited to your payment account within the stipulated time. To learn about the lead time for a certain payment system, check this section.
Things to remember:
- The payment system you are withdrawing funds to should be the same as the one used for deposits. If you do not have access to the payment system, contact our Support Team with the necessary proof.
- The payment system used should be in your name, the account holder.
- The withdrawal amount entered is always in the account currency.
- Although we do not have any limitations from Exness’s side, there may be minimum/maximum withdrawal limits on the payment system side.
- Withdrawals can also be performed from the Exness Trade application by tapping on ‘Withdraw’.
Does Exness work in South Africa?
Exness ZA (PTY) Ltd is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with FSP number 51024.
Why is my Exness withdrawal pending?
It may be possible that some details were not entered correctly while making the withdrawal; if there is a way to confirm this, do consider that it is possible that the withdrawal may be rejected or delayed if the details aren’t exact.
Is Exness a good forex broker in South Africa?
Overall, Exness is very competitive in terms of its trading fees and spreads. Their spread is super low compared to other FSCA-regulated brokers, there are no hidden trading fees, and commission with a Pro account is very straightforward.