Available accounts and their features in the trading broker Exness

Account types in Exness broker

Exness, a leading broker in the financial industry, offers a comprehensive suite of account types tailored to meet the diverse needs of traders, ranging from beginners to seasoned professionals. Each account type is designed with specific trading conditions, leverage options, and execution methods to provide the optimal trading experience depending on the trader’s strategy and capital. Below, we break down the intricacies of each account type available at Exness, examining their features, advantages, and potential drawbacks.

1. Standard Account

The Standard Account is often recommended for beginners and intermediate traders due to its straightforward features and low-cost structure. This account type is further divided into Standard and Standard Cent subtypes, both of which cater to different levels of capital.

• Standard Subtype: The Standard Account offers relatively tight spreads starting from 0.3 pips, with no commissions on trades, making it ideal for cost-conscious traders. The minimum deposit required is a mere $1, ensuring accessibility even for traders with minimal starting capital. Additionally, traders can leverage up to 1:2000, depending on their region and the specific financial instrument traded.
• Standard Cent Subtype: As the name implies, the Standard Cent Account operates in cent increments, where a deposit of $10 appears as 1000 cents in the trading balance. This setup allows new traders to experiment with trading strategies using very small amounts of real money, significantly reducing the risk associated with larger trades. The spreads and other conditions remain similar to the regular Standard Account.

Who is it for?

The Standard Account is well-suited for traders looking for simplicity and low entry barriers. It is particularly advantageous for beginners who wish to gain hands-on experience in the forex market without risking significant capital.

2. Pro Account

The Pro Account is a step up from the Standard options, offering more refined trading conditions that appeal to traders seeking better spreads and faster execution speeds.

• Key Features: Spreads start from as low as 0.1 pips, providing a more competitive trading environment. The Pro Account also offers instant order execution, which is crucial for traders engaging in high-frequency strategies or scalping. While there is no commission on trades, the initial deposit required is considerably higher, starting at $200.
• Execution and Leverage: The Pro Account allows for a maximum leverage of up to 1:2000, similar to the Standard Account, but with much tighter spreads and no requotes. This feature ensures that traders can execute trades precisely at their desired prices, reducing slippage risks.

Who is it for?

The Pro Account is ideal for more experienced traders who prioritize execution quality and are willing to deposit a larger amount of capital to take advantage of the tighter spreads.

3. Zero Account

The Zero Account is designed for traders who seek the absolute lowest trading costs, particularly those who rely on strategies sensitive to spreads, such as scalping and high-frequency trading.

• Spreads and Commissions: As the name suggests, the Zero Account offers spreads starting from 0.0 pips on major currency pairs. In exchange, there is a commission charged per lot, which varies depending on the instrument. The commission structure is transparent and fixed, enabling traders to accurately calculate their costs before opening trades.
• Execution: The Zero Account also boasts ultra-fast market execution, making it a top choice for scalpers and algorithmic traders. The minimum deposit required is $200, and leverage options are customizable, up to 1:2000.

Who is it for?

This account type is tailored for traders who demand precision and minimal transaction costs, as well as those employing sophisticated strategies where spread costs are a critical factor in profitability.

4. Raw Spread Account

The Raw Spread Account offers a blend of extremely low spreads and fixed commission rates, catering to professional traders who need direct access to market prices.

• Pricing and Spreads: The spreads on this account start from 0.0 pips, providing almost direct market pricing with no markup. The commission is set at $3.5 per lot per side, making it one of the most cost-effective accounts for larger volume trades.
• Execution: This account type utilizes market execution, ensuring that traders have access to the best possible prices with minimal slippage. The Raw Spread Account requires a minimum deposit of $200.

Who is it for?

Professional traders who need to maximize cost efficiency in their trades and those trading larger volumes will find the Raw Spread Account highly beneficial due to its transparent pricing and low commission structure.

5. ECN Account

The ECN (Electronic Communication Network) Account is designed to offer true market access, with direct connectivity to liquidity providers, thus providing a unique trading experience.

• Trading Conditions: Spreads can be as low as 0.0 pips, with a commission of $2.5 per lot per side, making it the most cost-efficient account for high-frequency traders and institutions. The ECN model ensures no conflict of interest between the trader and broker, as all orders are executed directly in the interbank market.
• Leverage and Execution: Leverage is limited to 1:500 due to the direct market access, but traders benefit from deep liquidity and precise execution speeds. The minimum deposit for this account type is $1,000, reflecting its position as a more premium offering.

Who is it for?

The ECN Account is best suited for experienced traders and institutions looking for direct access to the interbank market and a trading environment free from potential broker interference.

How to open an account with Exness trading broker

Opening a trading account with Exness is a straightforward process, but ensuring everything is set up correctly will provide a smooth trading experience. Exness is known for its robust trading conditions, variety of account types, and a user-friendly platform, making it a popular choice among traders of all experience levels. This guide will walk you through the steps to successfully open an account with Exness, from registration to verification and account funding.

Step 1: Visit the Exness Website

• Access the Official Website: Begin by navigating to the official Exness website. Make sure you’re on the correct site to avoid phishing scams, which can lead to account compromise. The official URL is www.exness.com.
• Select Your Preferred Language: Exness supports a variety of languages. Choose the language you’re most comfortable with for easier navigation and understanding of the registration process.

Step 2: Begin the Registration Process

Click on “Open Account”: On the homepage, you’ll see a prominent “Open Account” button. Click on it to begin the registration process.

Provide Your Basic Information:

• Country of Residence: Select your country from the dropdown menu. Note that your country of residence may affect the account types available to you.
• Email Address: Use an active email address, as you will need to verify it later in the process.
• Password: Create a strong password that meets Exness’s requirements. Typically, this includes a mix of uppercase and lowercase letters, numbers, and special characters.
• Agree to the Terms and Conditions: Read through Exness’s terms and conditions carefully. Once done, check the box indicating that you agree to them, then click “Continue” or “Register”.

Step 3: Verify Your Identity and Residence

Exness requires new users to complete a Know Your Customer (KYC) process to comply with international regulations and to ensure account security.

Upload a copy of a government-issued ID, such as a passport or driver’s license. The ID should be clearly visible, with all details readable.

Residence Verification:

• You will also need to upload proof of residence, such as a utility bill or bank statement, which displays your name and address.
• Make sure the document is not older than six months. This document is used to confirm that the address you provided during registration matches your actual place of residence.
• Wait for Verification Approval: The verification process can take anywhere from a few hours to several days, depending on the volume of requests Exness is processing at the time. You will receive an email notification once your documents have been reviewed and approved.

Step 4: Fund Your Account

1. Log In to Your Personal Area: After your account is verified, log in to your Exness Personal Area using your registered email and password.
2. Choose a Deposit Method: Exness supports a variety of deposit methods, including:
3. Bank Transfers: Local and international options available.
4. Credit/Debit Cards: Visa and MasterCard are typically supported.
5. E-wallets: Options such as Skrill and Neteller are available.
6. Cryptocurrencies: For users who prefer digital currencies, Exness accepts Bitcoin and other major cryptocurrencies.
7. Deposit Funds: Choose your preferred deposit method, enter the amount you wish to deposit, and follow the on-screen instructions to complete the transaction. Deposits are usually instant, but some methods may take up to 24 hours.

Step 5: Download and Set Up the Trading Platform

• Choose Your Platform: Exness supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Exness Trader, their proprietary trading app. Choose the platform that best suits your trading needs.
• Install the Platform: Download and install the trading platform on your computer or mobile device. Exness provides detailed installation guides for each platform on their website.
• Log In to the Trading Platform: Use the login credentials provided during account creation to access your trading platform. Ensure that you select the correct server and input the account number and password accurately.

Step 6: Start Trading

Before making your first trade, take some time to explore the platform and get familiar with its features. Exness offers a demo account option that allows you to practice trading with virtual funds before moving on to live trading. When you’re ready, select the asset you want to trade, decide on the position size, and execute your trade. Monitor the market and manage your positions according to your trading strategy.

Opening an account with Exness is just the beginning of your trading journey. With its diverse account offerings, reliable platform, and extensive resources, Exness provides an environment conducive to both learning and professional trading. Make sure to follow each step diligently to set up your account and start trading confidently.

Terms of deposit in trading broker Exness

When considering making a deposit with Exness, traders have several options available to them. Exness offers various deposit methods to accommodate the diverse preferences of its clients. Popular deposit methods include bank transfers, credit and debit cards, and electronic wallets like Skrill, Neteller, and WebMoney. The availability of these methods may vary depending on the trader’s country of residence, so it is essential for users to check the specific options available to them through their Exness account.

Each deposit method comes with its own processing time and potential fees. For instance, deposits made via credit or debit cards are usually processed instantly, allowing traders to start their trading activities without delay. In contrast, bank transfers may take longer, typically ranging from a few hours to several business days, depending on the bank involved. It is also important to note that while Exness does not charge fees for deposits, some payment providers might impose their own charges, which traders should consider when choosing a deposit method.

The minimum deposit requirement at Exness is notably low, making it accessible for traders with varying capital levels. For many accounts, the minimum deposit can be as low as $1, which is attractive for those who are new to trading or wish to test the platform with a smaller amount. This flexibility allows users to start trading with a capital that suits their financial situation. However, certain account types, like the Pro and Zero accounts, may have higher minimum deposit requirements, so traders should verify the specific terms associated with the account they choose.

Security is a crucial aspect of making deposits with Exness. The broker employs advanced encryption technologies to ensure that all financial transactions are secure and that sensitive personal information is protected. Moreover, Exness adheres to strict regulatory standards, which adds an additional layer of trust and security for traders. Before making a deposit, clients are encouraged to enable two-factor authentication (2FA) on their accounts to further enhance security, ensuring that only authorized users can access their funds.

To initiate a deposit, traders can easily navigate to the ‘Deposit’ section in their Exness account. Once there, they will select their preferred deposit method and enter the required amount. After confirming the details, the transaction will be processed. It is advisable for traders to keep track of their deposit history and transaction confirmations, as this can help resolve any potential issues that may arise later. Should traders encounter difficulties during the deposit process, Exness provides customer support through various channels, including live chat, email, and phone, ensuring that assistance is readily available.

Download MT5 on your phone for trading at Exness

Downloading the MetaTrader 5 (MT5) app to your phone is a crucial step for anyone looking to engage in trading through Exness. To begin, users should ensure they have a compatible device, as MT5 is available for both Android and iOS systems. For Android users, the app can be downloaded directly from the Google Play Store. Simply search for “MetaTrader 5,” click on the download button, and wait for the installation to complete. For those with iPhones, the process is equally straightforward—navigate to the App Store, search for the same app, and tap “Get” to initiate the download. Once the app is installed, it is advisable to allow the necessary permissions for optimal performance.

After successfully downloading the MT5 application, the next step is to log in to your Exness trading account. If you are already registered with Exness, you can enter your account credentials directly into the app. For new users, the app provides an option to create an account right from the interface. This process involves filling out basic personal information and agreeing to the terms and conditions. It’s important to take your time during this stage to ensure all information is accurate, as it will facilitate smoother transactions and compliance with regulatory requirements.

Once logged in, users will find a user-friendly interface that allows them to access various trading tools and features. The MT5 app offers a range of analytical tools, including technical indicators and charts, which can be customized to meet individual trading strategies. Users can also view their account balances, track trading history, and manage their positions with ease. Moreover, the app supports various order types, making it possible to execute trades quickly, whether using market orders or pending orders. The flexibility and functionality of the MT5 app empower traders to make informed decisions and react swiftly to market changes.

To enhance the trading experience further, users should familiarize themselves with the app’s notification settings. Enabling push notifications for price alerts and news updates can provide traders with timely information, which is essential for making strategic decisions. Additionally, MT5 allows for seamless integration with Exness’s various account types, offering the opportunity to trade on different instruments like forex, commodities, and cryptocurrencies. By taking full advantage of these features, traders can optimize their performance and maintain an edge in the competitive trading landscape.

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