- Exness gives traders flexibility with various accounts.
- New traders can start with simpler accounts.
- Experienced traders can access advanced features.
- Exness offers options with low spreads, high leverage (up to 1:unlimited), and no commissions.
- Traders can select accounts with different deposit limits and trading conditions.
Exness makes it easy for everyone to find an account that fits their needs, whether you’re just starting or an expert in the market.
How to Open an Exness Account?
- Visit the Exness website and click on “Open Account”.
- Choose the account type (Standard, Pro, Islamic, etc.).
- Enter your personal information and verify your email address.
- Complete the verification process by providing identification documents.
- Fund your account and start trading.
Account Types Available in Exness
Traders can choose from the following Exness account types:
- Standard Cent Account: Ideal for beginners who wish to trade with smaller amounts of money. This account allows traders to use cent lots, making it easier to manage risk while gaining experience.
- Standard Account: A versatile account that suits both beginners and experienced traders. It offers a balance between cost-effectiveness and advanced trading features.
- Pro Account: Designed for more experienced traders who seek tighter spreads and higher trade volumes. This account offers market execution and is favoured by those who require more advanced trading conditions.
- Raw Spread Account: This account provides the lowest possible spreads, starting from 0.0 pips, with a commission per trade. It is suitable for traders who focus on scalping and high-frequency trading.
- Zero Account: Similar to the Raw Spread Account, but it offers zero spreads on major currency pairs during 95% of the trading day, with a commission per trade. This is ideal for traders who prioritise cost-effective trading conditions.
Key Features of Account Types
Each account type offers distinct features to cater to different trading styles and preferences:
- Leverage: Traders can access flexible leverage options, with some accounts offering leverage up to 1:unlimited.
- Spreads: Depending on the account type, spreads can range from 0.3 pips to 0.0 pips.
- Commission: Only certain account types, like the Raw Spread and Zero accounts, charge a commission per trade, while others offer commission-free trading.
- Order Execution: Most accounts provide market execution, ensuring quick and precise order processing.
- Trading Platforms: All accounts are supported on the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, which offer robust trading tools and analytics.
| Feature | Standard Cent | Standard | Pro | Raw Spread | Zero |
|---|---|---|---|---|---|
| Minimum Deposit | No minimum deposit | No minimum deposit | Higher than Standard | Higher than Standard | Higher than Standard |
| Leverage | Up to 1:unlimited | Up to 1:unlimited | Up to 1:unlimited | Up to 1:unlimited | Up to 1:unlimited |
| Spread | From 0.3 pips | From 0.3 pips | From 0.1 pips | From 0.0 pips | 0.0 pips (95% of time) |
| Commission per Trade | No | No | No | Yes (low commission) | Yes (low commission) |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| Trading Platforms | MT4 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Account Currency | Multiple options | Multiple options | Multiple options | Multiple options | Multiple options |
| Hedged Margin | 0% | 0% | 0% | 0% | 0% |
| Stop Out Level | 0% | 0% | 0% | 0% | 0% |
| Maximum Open Positions | 1,000 | Unlimited | Unlimited | Unlimited | Unlimited |
| Access to Interbank Market | No | No | Yes | Yes | Yes |
Exness Islamic Account
Exness offers Islamic accounts that comply with Sharia law. These accounts do not charge swaps for holding positions overnight, making them suitable for Muslim traders. The Islamic account is available for several account types, including Standard and Pro, and gives access to all major trading instruments without additional fees.
Exness Demo Account
The Exness demo account allows traders to practise and test the platform without risking real money. It’s ideal for beginners to learn trading basics and for experienced traders to test new strategies. The demo account provides the same market conditions and tools as real accounts, making it a valuable tool for skill development.
How to Choose the Right Account Type
Choosing the right account type depends on several factors, including your trading experience, risk tolerance, and trading strategy:
- Beginners: If you’re new to trading, the Standard Cent Account or Standard Account may be ideal due to their lower entry requirements and simpler trading conditions.
- Intermediate Traders: If you have some trading experience, you might prefer the Standard Account for its balance of features or the Pro Account if you’re ready for more advanced trading conditions.
- Advanced Traders: For those who focus on high-frequency trading or require the tightest spreads, the Raw Spread or Zero Account would be the best choices due to their competitive cost structure and execution speed.
Advantages and Disadvantages of Exness Accounts
Exness offers different account types for both new and experienced traders. The broker gives traders many benefits like low spreads and high leverage, but there are also some drawbacks.
Advantages:
- Wide Range of Account Types: Exness offers various account types, such as Standard, Pro, Raw Spread, and Islamic, catering to the needs of different traders.
- Low Spreads: Exness provides competitive spreads, starting from 0.0 pips on certain accounts, which helps minimise trading costs.
- High Leverage: Traders can access leverage up to 1:unlimited, allowing for greater market exposure with smaller capital.
- Instant Withdrawals: Exness offers fast and automated withdrawals, giving traders immediate access to their funds.
- No Hidden Fees: Exness has transparent pricing with no hidden charges, making it easier for traders to calculate costs.
- Islamic Accounts Available: Exness offers swap-free accounts for Muslim traders, ensuring compliance with Sharia law.
- Demo Accounts: Traders can practise risk-free with demo accounts that replicate real market conditions.
Disadvantages:
- Limited Availability in Some Countries: Exness is not available in several countries, such as the USA, Canada, and Israel, due to regulatory restrictions.
- Higher Commission on Certain Accounts: Some accounts, like the Raw Spread account, have commission fees, which may be a downside for traders seeking lower costs.
- Limited Non-Forex Instruments: While Exness offers a broad range of forex pairs, the selection of stocks and commodities is more limited compared to other brokers.
- Complex Leverage Rules: For certain account types and under specific regulations, Exness imposes varying leverage limits based on trading volumes and account balances.
FAQs of Exness Account Types
What is the minimum deposit for each account type?
The minimum deposit can vary depending on the account type and the payment system used. However, for the Standard Cent and Standard accounts, there is technically no minimum deposit, making them accessible for traders of all levels.