Types of Accounts Offered by Exness
The main account types at Exness are:
- Standard Accounts – Designed for regular retail traders, these accounts are ideal for those getting started with real money trading.
- Professional Accounts – Tailored for advanced and high-volume traders, professional accounts come with special features and pricing to meet the demands of experienced traders.
- Islamic (Swap-Free) Account – Specifically designed for Muslim traders, Islamic accounts do not charge overnight swaps/rollovers for holding positions, in accordance with Islamic finance principles.
- Demo Account – A practice account equipped with virtual funds, allowing traders to hone their skills and strategies without risking real capital. Ideal for learning and familiarizing oneself with the trading platform.
Exness provides a wide array of account types, allowing traders to choose the one that best aligns with their experience and requirements.
Exness Standard Accounts
Exness offers two types of Standard accounts: the Standard Account and the Standard Cent Account. These accounts are well-suited for beginners who are just starting their trading journey.
Standard Account
| Feature | Details |
| Minimum Deposit | No minimum requirement |
| Leverage | Up to 1:Unlimited |
| Spreads | Starting from 0.3 pips |
| Commission | None |
| Instruments | Forex, metals, cryptocurrencies, indices, and stocks |
| Platforms | MetaTrader 4, MetaTrader 5 |
The Standard account is highly favored among traders at Exness, known for its popularity and accessibility. Opening this account is straightforward, requiring only a minimum deposit of $1 to get started.
With the Standard account, traders enjoy tight spreads starting from just 0.3 pips, without incurring dealing commissions. Additionally, the account offers high leverage of up to 1:2000, making it well-suited for trading strategies like scalping and day trading.
Exness Standard Cent Account
| Feature | Details |
| Minimum Deposit | No minimum requirement |
| Leverage | Up to 1:Unlimited |
| Spreads | Starting from 0.3 pips |
| Commission | None |
| Instruments | Forex and metals |
| Platforms | MetaTrader 4 |
Introducing the micro account, where prices are quoted in cents instead of pips. With a tiny minimum deposit size of just $0.10, this account is ideal for beginners with limited funds. Traders can trade nano lots from as little as 1 cent, allowing for minimal risk and maximum flexibility.
The micro account is exclusively available on MetaTrader 4, offering simplicity and ease of use for traders. Like the Standard account, it provides a user-friendly platform, no commission, high leverage, and low spreads for trading forex and more.
Whether you choose the Standard or micro account, both offer a seamless trading experience with competitive features tailored to suit traders of all levels.
Exness Professional Account
Exness provides three types of Professional accounts: Raw Spread, Zero, and Pro. These accounts are designed to offer superior pricing and execution, catering to traders who operate with higher trading volumes.
Exness Raw Spread Account
| Feature | Details |
| Minimum Deposit | $200 |
| Leverage | Up to 1:2000 |
| Spreads | Starting from 0.0 pips |
| Commission | Up to $3.5 per lot |
| Instruments | Forex, metals, indices, and cryptocurrencies |
| Platforms | MetaTrader 4, MetaTrader 5 |
The Raw Spread account at Exness offers institutional-level spreads starting from 0 pips, with a nominal commission of $3.5 per lot round turn. This makes it particularly attractive for scalpers and high-frequency traders seeking competitive pricing.
However, there are some trade-offs associated with this account type, such as lower leverage, capped at 1:2000, and a higher minimum deposit requirement of $200. Despite these considerations, for traders with high trading volumes, the superior pricing offered by the Raw Spread account can significantly enhance their profitability.
Exness Zero Account
The Zero account at Exness offers even tighter spreads compared to the Raw Spread account, with no markup whatsoever.
| Feature | Details |
| Minimum Deposit | $200 |
| Leverage | Up to 1:2000 |
| Spreads | 0.0 pips on 95% of trading day |
| Commission | From $0.2 per lot |
| Instruments | Forex, metals, indices, and cryptocurrencies |
| Platforms | MetaTrader 4, MetaTrader 5 |
As evident, the spreads on the Zero account at Exness start from 0 pips, with absolutely no markups. However, traders are required to pay a $0.2 commission per lot one-way.
With a significant minimum deposit requirement of $200, this account is primarily tailored for professional traders and institutions. Nonetheless, the transparent, zero markup spreads offered by the Zero account present a significant advantage for traders seeking optimal pricing and execution quality.
Exness Pro Account
| Feature | Details |
| Minimum Deposit | $200 |
| Leverage | Up to 1:2000 |
| Spreads | Starting from 0.1 pips |
| Commission | None |
| Instruments | Forex, metals, indices, cryptocurrencies |
| Platforms | MetaTrader 4, MetaTrader 5 |
The Pro Account at Exness provides rapid market execution, featuring spreads starting from 0.1 pips and no commissions. This account is ideal for traders seeking high-speed execution at a low cost. With a minimum deposit requirement of $200, the Pro Account offers leverage up to 1:2000, presenting a significant advantage for experienced traders aiming to optimize their potential returns.
Exness Islamic (Swap-Free) Account
The Exness Islamic (Swap-Free) Account caters to traders who adhere to Islamic finance principles. This account eliminates overnight swap fees, ensuring compliance with Shariah law and providing a trading environment that aligns with Islamic principles.
| Feature | Details |
| Minimum Deposit | Varies depending on the account type |
| Leverage | Up to 1:Unlimited |
| Spreads | Varies based on account type |
| Commission | None |
| Instruments | Forex, metals, indices, cryptocurrencies |
| Platforms | MetaTrader 4, MetaTrader 5 |
You have the option to select the Islamic feature on both Standard and Professional accounts. This swap-free feature ensures that you won’t incur overnight fees, making it ideal for those adhering to Islamic principles who wish to trade forex pairs, metals, indices, and other assets.
Exness Demo Account
The Exness demo account provides a risk-free environment for trading, allowing you to practice without using real money. With virtual funds at your disposal, it serves as a safe way to test trading strategies and familiarize yourself with the platform’s features and functionalities.
| Feature | Details |
| Starting Balance | Virtual funds, customizable |
| Leverage | Up to 1:Unlimited |
| Spreads | Starting from 0.3 pips |
| Commission | None |
| Instruments | Forex, metals, indices, cryptocurrencies |
| Platforms | MetaTrader 4, MetaTrader 5 |
The Demo Account is ideal for both new traders looking to practice and experienced traders wanting to test out new strategies. With the ability to set your starting balance and utilize virtual funds, you can trade in a real-like environment without any financial risk. It’s an excellent opportunity to become familiar with both MetaTrader 4 and MetaTrader 5 platforms, allowing you to explore their features and functionalities thoroughly.
Steps to Opening Exness Account
To initiate the process of opening an account with Exness, adhere to these steps:
- Access the Exness Personal Area: Log in to your Personal Area on the Exness website using your registered email and password. If you’re new to Exness, you’ll need to register first.
- Select the Account Type: Within your Personal Area, locate the option for “Open New Account.” Here, you’ll find various account types such as Standard, Standard Cent, Raw Spread, Zero, Pro, and more.
- Customize Your Account Settings: Once you’ve chosen the desired account type, configure the following settings:
- Currency: Specify the base currency for your account.
- Leverage: Determine the leverage level that aligns with your risk tolerance.
- Nickname: Assign a recognizable name to your account for easy identification.
- Finalize the Setup: After configuring your account settings, proceed by clicking on “Create Account” or “Next” to complete the setup process.
- Start Trading: Once your account setup is complete, fund your new account using your preferred payment method. Afterward, you can start trading with the instruments of your choice.
Exness is Not Available for Some Countries
Exness offers trading services to numerous countries worldwide, but there are certain regions where its services are unavailable due to regulatory restrictions or other factors. Here are a few examples of countries where Exness is not available:
- The United States
- Canada
- North Korea
- Syria
If you’re uncertain whether Exness operates in your region, the best course of action is to check directly on the Exness website or reach out to their customer support team for clarification.
How to Choose an Exness Account?
Choosing the right Exness account type is paramount for a successful trading journey. Here are some key factors to consider:
- Trading Experience and Volumes: Beginners may find the Standard or Demo accounts suitable, while experienced traders with larger trade sizes may opt for the Professional suite for lower costs.
- Capital Available: Ensure you have sufficient capital to meet the higher minimum deposit requirements of accounts like Raw Spread and Zero comfortably.
- Trading Style: Scalpers executing numerous trades daily may benefit from commission-based Professional accounts, saving significantly compared to Standard spreads over time.
- Leverage Needs: Evaluate your leverage requirements carefully, as Standard accounts offer higher leverage up to 1 compared to the maximum of 1:2000 for Professional accounts.
Take a holistic approach, considering your skill level, trade volumes, strategy, leverage needs, and available capital. The right account choice can enhance your profitability, while an inappropriate selection may result in unnecessary costs.
Exness Accounts Advantages and Disadvantages
Standard Account
Advantages:
- Low Minimum Deposit: Start trading with just $1, making it accessible for traders of all levels.
- Tight Spreads: Enjoy competitive spreads starting from 0.3 pips on major currency pairs, helping to minimize trading costs.
- High Leverage: Benefit from high leverage of up to 1:2000, amplifying trading potential.
- No Dealing Commissions: Trade without worrying about dealing commissions, allowing for transparent cost structures.
- Fast Market Execution: Experience swift market execution, ensuring timely entry and exit from trades.
Disadvantages:
- Expensive Spreads for Larger Trades: Spreads may become costly for larger trade sizes compared to commission-based accounts, potentially impacting profitability.
Standard Cent Account
Advantages:
- Minimal Minimum Deposit: Start trading with just a tiny $0.10 deposit, making it highly accessible for beginners and small investors.
- Quotes in Cents/Micro Lots: Benefit from quotes in cents/micro lots, which are ideal for small accounts, enabling precise position sizing.
- Tight Spreads and High Leverage: Enjoy the same competitive spreads and high leverage as regular Standard accounts, optimizing trading potential.
Disadvantages:
- Limited Base Currencies: Availability limited to USD and EUR as base currencies, potentially restricting currency options for some traders.
Pro Account
Advantages:
- Competitive Spreads: Benefit from tight spreads starting from 0.1 pips, providing cost-effective trading conditions.
- Zero Commission: Trade without incurring any commission fees, ensuring transparent pricing.
- Unlimited Leverage: Enjoy the flexibility of unlimited leverage, allowing for greater trading flexibility.
- Reasonable Minimum Deposit: Start trading with a reasonable minimum deposit requirement of $200, making it accessible for many traders.
Disadvantages:
- Not Suitable for Beginners: Due to the complexities associated with unlimited leverage and potentially volatile trading conditions.
Zero Account
Advantages:
- Zero Spread on Top 30 Instruments: Enjoy trading with no spread on the top 30 instruments, reducing trading costs.
- Low Spreads on Other Instruments: Benefit from spreads as low as 0 pips on other instruments, minimizing trading expenses.
- Low Commission: With a nominal commission of $0.05 per side per lot, keep trading costs competitive and transparent.
- Unlimited Leverage: Take advantage of unlimited leverage to maximize trading potential.
- Reasonable Minimum Deposit: Start trading with a modest minimum deposit of $200, making it accessible for various traders.
Disadvantages:
- Commission Applies on Zero Spread Instruments: Despite zero spreads on certain instruments, a commission of $0.05 per side per lot still applies, potentially increasing trading costs.
Raw Spread Account
Advantages:
- Lowest Spreads: Benefit from ultra-low spreads starting from 0 pips, optimizing trading costs.
- Reasonable Commission: With a maximum commission of $3.50 per side per lot, maintain competitive trading expenses.
- Unlimited Leverage: Enjoy the flexibility of unlimited leverage, providing greater trading potential.
- Reasonable Minimum Deposit: Start trading with a modest minimum deposit requirement of $200, making it accessible for many traders.
Disadvantages:
- Commission Applies to All Trades: Despite competitive spreads, a commission of $3.50 per side per lot is applied to all trades, potentially increasing overall trading costs.
Islamic (Swap-Free) Account
Advantages:
- No Swap/Rollover Fees: Enjoy holding positions overnight without incurring swap/rollover fees, making it ideal for longer-term strategies.
- Compliance with Islamic Principles: Satisfy the requirements of Muslim traders by adhering to Shariah-compliant trading practices.
Disadvantages:
- Standard Account Pricing/Conditions: Other than the absence of swap/rollover fees and suitability for Muslim traders, the account offers the same pricing and conditions as the Standard account, limiting potential differentiation or unique features.
Indeed, the key factors to consider when choosing an Exness account are your trading style, available capital, trade volumes, and cost sensitivity. Professional accounts, despite having higher minimum deposit requirements, can be remarkably cost-effective for larger trade sizes.
FAQs
What types of accounts does Exness offer?
Exness offers a variety of account types to cater to different trading preferences, including Standard, Pro, Zero, and Islamic accounts.