Types of Exness Trading Accounts

Standard Exness Account

Overview:

The Standard account is a versatile option suitable for all traders who prefer a straightforward trading experience without commissions. It offers excellent features with no complicated requirements, making it accessible for beginners yet robust enough for experienced traders.

Features:

• Minimum Deposit: No minimum deposit requirement, providing flexibility for traders to start with any amount they are comfortable with.
• Spreads: From 0.3 pips, providing competitive pricing for significant forex pairs.
• Leverage: Up to 1:2000, allowing traders to maximize their trading potential with high leverage.
• Commission: No trading commissions are charged.
• Instruments Available: It offers a wide range of trading instruments, including forex, metals, cryptocurrencies, energies, and indices.
• Execution Type: Instant execution with no re-quotes, ensuring fast and reliable trade execution.
• Platform Support: Supports both MetaTrader 4 and MetaTrader 5 platforms.

Advantages:

• Accessible for all traders with no minimum deposit.
• Competitive spreads that lower trading costs.
• No commission fees enhance profitability.
• High-leverage options to increase trade exposure.
• Supports both MT4 and MT5 trading platforms.

Exness Cent Account

Overview:

The Cent account is designed specifically for beginners or those who wish to test trading strategies with minimal financial risk. Trades are denominated in cents, which significantly lowers the risk.

Features:

• Minimum Deposit: $1, making it ideal for beginners to start trading with minimal investment.
• Spreads: From 0.3 pips, offering cost-effective trading options.
• Leverage: Up to 1:2000, providing flexibility in trading positions.
• Commission: No commissions are charged.
• Instruments Available: Includes forex, metals, and cryptocurrencies.
• Execution Type: Instant execution to minimize trade delays.

Advantages:

• Shallow entry threshold with a $1 minimum deposit.
• Trading in cent denominations reduces financial risk.
• No commission increases profitability for new traders.
• High leverage availability to maximize the potential returns from small balance accounts.

Exness Zero Account

Overview:

The Zero account is optimized for professional traders looking for zero spreads on significant pairs during certain times.

Features:

• Minimum Deposit: $200.
• Spreads: Zero spread for several major forex pairs during specific periods.
• Leverage: Up to 1:2000.
• Commission: Commission charged based on trading volume.
• Instruments Available: All major currency pairs, plus metals and cryptocurrencies.
• Execution Type: Market execution ensures timely execution without re-quotes.

Advantages:

• Zero spreads on significant pairs enhance trading conditions during peak trading hours.
• Competitive commissions based on volume.
• Suitable for high-frequency traders and those employing precision-based trading strategies.

Exness Professional Account: Raw Spread Account

Overview of the Exness Raw Spread Account

The Exness Raw Spread Account is tailored for professional traders who demand the lowest spreads and fastest execution. This account type is ideal for high-volume traders, including scalpers and those using Expert Advisors (EAs) for automated trading.

Key Features of the Raw Spread Account

• Minimum Deposit: The Raw Spread Account requires a minimum deposit of $200, which aligns with the needs of serious traders looking for professional trading conditions.
• Spreads: Spreads start from 0.0 pips on major currency pairs. This is particularly advantageous for traders who perform large volumes of transactions, as it minimizes the cost per trade.
• Commission: The commission charge starts at $3.5 per lot per side. This commission structure is competitive, especially given the ultra-low spread environment.
• Leverage: Traders can access leverage up to 1:2000, providing significant flexibility in trading strategy and capital allocation.
• Execution Type: The account offers market execution, ensuring that orders are executed at the best available prices with minimal slippage.
• Trading Instruments: Traders can access various instruments, including forex, metals, cryptocurrencies, energies, and indices. This diversity allows traders to exploit opportunities across different markets.
• Trading Platforms: The account is supported on MetaTrader 4 and MetaTrader 5 platforms, renowned for their robustness, reliability, and array of features.
• Risk Management: This includes features like stop loss, take profit, and negative balance protection, which are essential for managing risks effectively in volatile markets.

Benefits of the Raw Spread Account

• Ultra-Low Spreads: By offering spreads from 0.0 pips, the Raw Spread Account is extremely cost-effective for traders who operate with high trading volumes.
• Speed of Execution: Market execution allows for high-speed order execution, which is crucial for strategies that rely on quick market entry and exit, such as scalping.
• Cost Efficiency: The combination of low spreads and a reasonable commission rate significantly reduces trading costs, which can enhance profitability over time.
• Strategic Flexibility: High leverage options provide the flexibility to execute a variety of trading strategies from conservative to aggressive.
• Advanced Trading Environment: Both MT4 and MT5 platforms support the use of advanced trading tools and algorithms, which is beneficial for traders who use technical analysis and automated trading systems.

Ideal User Profile for the Raw Spread Account

The Raw Spread Account is most suitable for:

• Professional Traders: Those who have significant experience and look for the tightest spreads to enhance their trading efficiency.
• Scalpers: Traders who make profits on small price changes and require fast execution and minimal costs.
• Algorithmic Traders: Individuals or firms that utilize automated trading systems to manage their trades, benefiting from the tight spreads and fast execution.
• High-Volume Traders: Traders who transact in large volumes will find the low-cost structure particularly advantageous.

The Exness Raw Spread Account offers an advanced trading environment designed for professionals who need optimal trading conditions to execute their strategies effectively. With its competitive features and focus on cost-efficiency and speed, this account type stands out as a top choice for professional forex traders looking to maximize their trading potential.

Comparison of Different Types of Real Trading Accounts at Exness

Exness offers a variety of trading account types to cater to the diverse needs of traders. Each account type comes with its own set of features and benefits designed to accommodate different trading strategies and experience levels. Below is a detailed comparison of the various real trading accounts available at Exness:

Standard Account

• Minimum Deposit: No minimum deposit is required.
• Spreads: From 0.3 pips.
• Commission: No commission.
• Leverage: Up to 1:2000.
• Execution Type: Instant execution.
• Available Instruments: Forex, metals, cryptocurrencies, energies, indices.
• Ideal For: Beginners and casual traders looking for simple, straightforward trading conditions without commissions.

Cent Account

• Minimum Deposit: $1.
• Spreads: From 0.3 pips.
• Commission: No commission.
• Leverage: Up to 1:2000.
• Execution Type: Instant execution.
• Available Instruments: Forex, metals.
• Ideal For: New traders and those testing new strategies with minimal financial risk, as trades are denominated in cents.

Raw Spread Account

• Minimum Deposit: $200.
• Spreads: From 0.0 pips.
• Commission: From $3.5 per lot per side.
• Leverage: Up to 1:2000.
• Execution Type: Market execution.
• Available Instruments: Forex, metals, cryptocurrencies, energies, indices.
• Ideal For: High-volume traders and scalpers who require tight spreads and fast execution for complex strategies and automated trading.

Zero Account

• Minimum Deposit: $200.
• Spreads: Zero spread for several major forex pairs during specific periods.
• Commission: Yes, based on trading volume.
• Leverage: Up to 1:2000.
• Execution Type: Market execution.
• Available Instruments: Major currency pairs, metals, cryptocurrencies.
• Ideal For: Professional traders looking for ultra-low spreads at specific times.

Pro Account

• Minimum Deposit: $200.
• Spreads: From 0.1 pips.
• Commission: No commission.
• Leverage: Up to 1:2000.
• Execution Type: Market execution.
• Available Instruments: Forex, metals, energies, indices, stocks.
• Ideal For: Experienced traders needing the best trading conditions with low spreads and no commissions.

Key Differences

1. Cost Structure: The Cent and Standard accounts offer commission-free trading, making them suitable for beginners and low-volume traders, whereas the Raw Spread and Zero accounts cater to advanced traders with low spreads and commission-based pricing.
2. Trading Conditions: The Pro and Raw Spread accounts offer the most competitive conditions with low spreads and high-speed market execution, which is ideal for serious traders who trade large volumes.
3. Accessibility: The Cent account’s low minimum deposit and risk level make it accessible for anyone looking to start trading with minimal financial commitment.
4. Instrument Availability: While all accounts provide access to significant instruments like forex and metals, the Pro account offers the broadest range, including stocks, which might appeal to traders interested in diverse portfolios.
5. Execution Type: The Standard and Cent accounts use instant execution, which may involve re-quotes, whereas the Raw Spread, Zero, and Pro accounts use market execution, offering more precise entry and exit points at market prices.

Exness’s variety of account types ensures that there is an option suitable for every kind of trader, from beginners to seasoned professionals. Traders should choose their account type based on their trading style, experience level, and risk tolerance to make the most of their trading activities.

Standard vs Professional Accounts: Detailed Comparative Table

The following table provides a detailed comparison between the Exness Standard and Professional (specifically, the Pro Account) trading accounts. These account types are designed to cater to different levels of traders, offering distinct features and trading conditions:

Summary

• Standard Account: Offers accessible trading conditions with no minimum deposit and no commissions, making it ideal for beginners and casual traders. It provides a good balance of features that are easy to use for those new to trading.
• Pro Account: Tailored for experienced traders with specific needs for tight spreads and a professional trading environment. It supports a wide range of instruments, including stocks, and offers market execution for the best prices. It’s designed to cater to complex strategies and higher trading volumes with optimized trading conditions.

This comparative analysis highlights the suitability of each account type for different types of traders based on their experience, trading volume, and specific needs in the trading markets.

Start Trading with Exness: A Comprehensive Guide

Getting started with Exness is a straightforward process designed to help you quickly set up your trading account, fund it, and begin trading across a variety of financial markets. Here’s a detailed guide to get you trading with Exness.

Step 1: Choose the Right Account Type

Before you begin trading, you’ll need to decide which type of account best suits your trading style and needs. Exness offers several account types, including:

• Standard Account: Best for beginners and casual traders with no minimum deposit requirement.
• Cent Account: Ideal for new traders or those looking to test strategies with minimal risk.
• Raw Spread Account: Perfect for high-volume traders and those using scalping strategies.
• Zero Account: Suited for traders looking for zero spreads on major forex pairs during specific periods.
• Pro Account: Designed for professional traders needing the best trading conditions with low spreads and no commissions.

Each account comes with different features and benefits, so consider what’s most important to you, such as the cost of trading, leverage options, and available trading instruments.

Step 2: Register and Verify Your Account

• Registration: Visit the Exness website and click on the ‘Open an Account’ button. Fill in the registration form with your personal details such as name, email address, and phone number.
• Verification: To comply with financial regulations, Exness requires you to verify your identity and residency. You will need to upload documents such as a government-issued ID (passport or driver’s license) and a recent utility bill or bank statement as proof of address.

Step 3: Download and Install the Trading Platform

Exness supports popular trading platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Depending on your trading preference:

• Download MT4/MT5: Go to the ‘Platforms’ section on the Exness website and select the platform you prefer. Download the software for your computer or mobile app for your smartphone.
• Installation: Follow the on-screen instructions to install the platform on your device.

Step 4: Fund Your Account

• Log into your Exness Personal Area: Access the client area using your credentials.
• Deposit Funds: Navigate to the ‘Finance’ section, select ‘Deposit’, choose your preferred deposit method, and follow the prompts to add funds to your account. Exness supports various funding methods, including bank transfers, credit cards, and e-wallets.

Step 5: Start Trading

• Launch Your Trading Platform: Open MT4 or MT5 and log in using the details provided by Exness.
• Explore the Platform: Familiarize yourself with the interface, available tools, and features.
• Open and Manage Trades: Select a financial instrument, set up your trading parameters (such as order type, volume, and stop loss/take profit levels), and execute your trade. Monitor open trades and adjust your strategies as necessary.

Step 6: Utilize Resources and Support

• Educational Resources: Take advantage of the training materials provided by Exness, including webinars, tutorials, and articles to enhance your trading knowledge and skills.
• Customer Support: If you encounter any issues or have questions, Exness offers 24/7 customer support through live chat, email, and phone.

Starting to trade with Exness involves selecting a suitable account type, registering and verifying your account, setting up a trading platform, funding your account, and then actively trading. With Exness’s range of accounts and robust trading platforms, you’re well-equipped to explore a variety of trading opportunities. Whether you’re a novice looking to learn or a seasoned trader aiming to optimize your strategies, Exness provides the tools and resources necessary to support your trading activities.

Exness Demo Account

An Exness Demo Account is a risk-free environment where traders can practice trading without the use of real money. This type of account is ideal for beginners to gain experience or for experienced traders to test new strategies before applying them in the real market.

Features and Benefits

• No Financial Risk: Trade with virtual funds and zero risk to your actual capital.
• Real Market Conditions: Experience trading under real market conditions with live data feeds.
• Access to All Instruments: Trade all the same instruments available in real accounts, including forex, metals, cryptocurrencies, and more.
• Platform Familiarity: Get comfortable with the trading platforms offered by Exness, such as MT4 and MT5.
• Strategy Testing: Develop and test trading strategies without financial consequences.

How to Open a Demo Account

1. Visit the Exness Website: Navigate to the Exness homepage.
2. Sign Up for a Demo Account: Find the option for a demo account and click to register.
3. Provide Required Details: Fill in necessary information like your email and set a password.
4. Start Trading: Once your account is set up, start trading with virtual funds immediately.

Islamic Account in Exness

The Islamic account, also known as a Swap-Free account, is designed for traders who must comply with Sharia law, which prohibits earning interest on trades. This account type omits swap fees that are typically charged for holding a position overnight.

Features and Benefits

• No Swap Fees: No charges on overnight positions, aligning with Sharia principles.
• Access to All Trading Instruments: Similar to other account types, the Islamic account provides access to all trading instruments offered by Exness.
• Transparent Pricing: Although swap fees are omitted, traders using an Islamic account may encounter administrative fees or wider spreads on certain instruments.
• Easy Conversion: Traders can convert a standard trading account into an Islamic account by submitting a request to Exness support.

How to Open an Islamic Account

1. Register with Exness: Create a standard trading account.
2. Request Conversion: Contact customer support to request the conversion of your standard account to an Islamic account.
3. Compliance Check: Exness might require additional documentation to process your request as per regulatory requirements.
4. Start Trading: Once approved, your account will operate under Islamic account conditions.

Selecting the Appropriate Account in Exness

Criteria for Selection

Choosing the right account type is crucial for your trading success. Here are some factors to consider:

• Trading Experience: Beginners might prefer the Standard or Cent accounts due to their simplicity and lower risk. Experienced traders might opt for Raw Spread or Pro accounts for better conditions.
• Trading Volume and Strategy: High-volume traders, or those using strategies like scalping, might benefit from accounts with tighter spreads and commission-based pricing like the Raw Spread account.
• Cultural or Religious Considerations: If you require an account that complies with Islamic finance principles, the Islamic account is the appropriate choice.
• Risk Tolerance: Consider how much risk you are willing to take. Demo accounts are perfect for risk-free trading practice.

Steps to Choose

1. Assess Your Needs and Goals: Understand your trading style, strategy, and what you aim to achieve in trading.
2. Compare Account Features: Look at the detailed features of each account type including spreads, commissions, available instruments, and platform options.
3. Consult with Support: If unsure, speak with Exness customer support for guidance based on your trading profile.
4. Experiment with a Demo Account: Before committing to any real account, practice with a demo to see which type suits you best.

By carefully evaluating each account type against your personal trading needs and preferences, you can select the most appropriate Exness account and set yourself up for a better trading experience.

FAQs about Exness Account Types