Exness Account Type
Getting your way around the varied world of online trading can be challenging, especially when it comes to choosing the right type of account. Exness, a renowned broker in the financial markets, offers a variety of account types tailored to meet different needs, whether you are a novice looking to dip your toes in the trading waters or a seasoned trader aiming for high-volume deals.
Demo
An Exness Demo Account offers a practical and risk-free environment for both beginners and experienced traders to hone their strategies.
How to register
Exness account opening is easy!
- Visit the Exness Website: Navigate to the official Exness website by our link.
- Register: Locate and click on the “Register” button at the top right corner of the homepage.
- Fill Out the Form: Enter your basic details such as full name, email address, phone number, and set a password.
- In your personal cabinet go to my accounts section and click ‘open a new account’.
- Specify your preferred platform (MetaTrader 4 or MetaTrader 5) and choose the type of accounts.
- Setup: choose “Demo Account” option, currency, and the virtual fund amount.
- Confirmation: Complete the setup and check your email for the login credentials.
- Start: Log in with your demo credentials and begin practising.
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How it works
An Exness Demo Account simulates real-market conditions without any financial risk, as you’ll be working with virtual funds. It’s designed to help users familiarise themselves with platforms, explore different invest strategies, and understand market dynamics before transitioning to real trades.
Pros and cons
Pros:
- Risk-Free: Learning without the risk of losing real money.
- Real Market Conditions: Trade under actual market conditions to test strategies.
- Accessibility: Easy to set up with immediate access to start using the platform.
- Emotional Investment: Less emotional pressure compared to real deals, which can affect decision-making.
- Overconfidence: Risk-free trading might lead to overconfidence, which doesn’t translate well into reality.
Standard trading accounts
Exness account types tailored to meet the needs of diverse traders. Among these, the Standard and Standard Cent accounts stand out due to their accessibility and adaptability, making them excellent choices for traders at all levels.
Standard
Exness Standard Account is renowned for its versatility and is particularly favored by both newcomers and experienced traders. Its main features include:
- Minimum Deposit: Starts at just $10, depending on the payment method, making it accessible to everyone.
- Standard account spread: Competitive starting from 0.2 pips.
- Commissions of Trading: Zero, which enhances profitability.
- Platforms: Available on both MT4 and MT5, accommodating various trading preferences.
- Available Instruments: Includes Forex, metals, cryptocurrencies, energy products, equities, and indices.
- Maximum Leverage: Offers high leverage, providing significant trading power.
- Execution Type: Market execution ensures timely order placement.
Standard Cent
Intended especially for beginners who are just starting to learn the Exness platform or Forex trading in general, the account offers you the lowest minimum deposits on the market! Its features are:
- Minimum Deposit: starts at $1, making it highly accessible.
- Spread: Begins at 0.3 pips.
- Commissions: Zero, allowing new traders to keep costs low.
- Trading Platform: MT4, known for its user-friendly interface.
- Instruments: Focuses on Forex and precious metals.
- Leverage: Up to unlimited, providing flexibility in trading size.
- Maximum Open Positions: Allows up to 1000 positions.
Understanding Cent Lots
Cent lots are unique because they measure trade volumes in smaller units, specifically cent lots, where 1 cent lot corresponds to 100,000 cents or USD 1,000. This differs from Standard and Professional accounts, which measure trade volumes in standard lots, with each lot representing 100,000 units of the base currency. The Standard Cent utilizes a minimum trade volume of 0.01 cent lots, making it an ideal platform for traders to practice strategies with lower risk. Open cent account for micro trade! Additionally, the balance in a Cent type is expressed in cents or a chosen cent-based currency. For instance, a deposit of USD 5 will appear as USC 500 (500 cents) in the account, providing a clear and simplified way to track and manage funds.
How to register
Registering Standard Cent acc involves a few simple steps:
- Visit the Exness Website: Use our link to go to the website to register
- Sign Up: Click the “Register” button and fill out the registration form with your details.
- In your personal cabinet go to my accounts section and click ‘Open a new account’.
- Select Exness Account Type: Choose between MT4 or MT5, Standard or Standard Cent accounts.
- Set up: Set your parameters and platform preferences.
- Deposit and Trade: Make your initial deposit and begin trading. You also can start with a demo version.
Characteristics and Limitations
While Exness accounts are designed to suit a broad audience, it is important to consider:
- Pros:
- Low minimum deposits.
- Zero commission on trades.
- Wide range of financial instruments.
- Cons:
- Market execution might lead to slippage during volatile periods.
- Exness Standard Cent account is only available on MT4.
Professional accounts
For seasoned traders aiming to maximize their trading potential, Exness offers specialized Professional Accounts. It namely Raw Spread, Zero, and Pro, are crafted to meet the needs of aggressive strategies with state-of-the-art features that support high-volume trading on financial markets.
Raw Spread
The Raw Spread Account is designed for professional traders seeking the finest trading conditions. Key features include:
- Minimum Deposit: $200
- Spread: Starts from 0 pips
- Commission: up to $3.5 per traded lot
- Leverage: Up to unlimited, providing significant trading flexibility
- Platforms: MT4, MT5
- Trading Instruments: Includes Forex, stock CFDs, precious metals, and commodities
- Execution Type: Market execution with no requotes
Zero
The Exness Zero Account caters to experienced traders with features tailored for zero spread trading on select instruments:
- Minimum Deposit: $200
- Spread: 0 pips on 30 prime trading products
- Commissions: As low as $0.2 per lot
- Leverage: Up to unlimited
Pro
The Pro Account is suited for highly skilled traders and investors, offering competitive edges with flexible spreads and high leverage:
- Minimum Deposit: $200
- Pro account spread: Floating, as low as 0 pips
- Commissions: Zero
- Platforms: MT4, MT5
- Trading Instruments: Broad range, including Forex, futures, bonds, stocks, and more
- Leverage: Up to unlimited
How to register
To open a Professional Accounts with Exness:
- Visit the Exness Website by link in our page..
- In your personal cabinet go to my accounts section and click ‘Open a new account’.
- Choose Type: Select from MT4 or MT5, Raw Spread, Zero, or Pro accounts based on your trading needs.
- Provide Your Details: Complete the registration form with necessary personal information.
- Deposit Funds: Meet the minimum deposit requirement to activate your account.
- Start: Access the platform via MT4 or MT5 and begin your trading activities.
Characteristics and Limitations
Exness Professional Accounts offer robust solutions that cater to the demands of experienced traders looking for efficiency, depth, and flexibility in their trading operations. With tailored Exness account types to suit various professional strategies, Exness provides a solid foundation for achieving trading objectives in the competitive world of Forex and CFDs.
Pros:
- Advanced features suitable for professional trading.
- Competitive spreads and low commission rates.
- Access to powerful platforms and a wide range of instruments.
Cons:
- Higher minimum deposit compared to standard accounts.
- Complex features that may not be suitable for beginners.
VIP Account
Exness offers an exclusive range of VIP accounts designed for the discerning trader who seeks more than just the standard offerings. The Premier VIP program is structured into several tiers—Preferred, Elite, and Signature—each designed to provide increasing levels of service and benefits tailored to enhance your trading capabilities.
Preferred
The Preferred tier is your entry into the Exness Premier VIP services, offering enhanced trading conditions with lower spreads and reduced commission rates. This tier is designed for traders who are looking to gain a competitive edge in the markets without a significant upfront commitment. Total accrued deposit $20000.
Elite
Moving up, the Elite tier offers all the benefits of the Preferred level with additional features such as advanced analytics and access to exclusive tools. Elite members benefit from personalized customer support and consultations, helping them to refine their strategies and optimize their trading outcomes. Total accrued deposit $50000.
Signature
The Signature tier represents the pinnacle of Exness’s VIP offerings. Members enjoy the lowest transaction costs, highest priority in customer support, and bespoke trading solutions crafted to their specific needs. Signature traders receive individualized attention from a dedicated account manager and tailored market insights that are not available to lower tiers. Total accrued deposit $100.000.
How to register
To join the Exness Premier VIP program at first visit the Exness website and register. Start Verification through the necessary KYC procedures to begin trading. Then contact the support team and request detailed information on how to activate a VIP account.
How it works
Once registered, VIP traders can trade on either the MT4 or MT5 platforms, enjoying benefits that correspond to their membership tier. Each tier is designed to provide tools and services that support sophisticated trading strategies and high-volume trading.
Characteristics and Limitations
Characteristics:
- Access to competitive spreads and low commission rates.
- Tailored trading conditions that can significantly boost profit margins.
- Customized support and dedicated account management.
- Advanced tools and exclusive market analytics.
- The cost of entry and maintenance for higher tiers may be prohibitive for some traders.
- Benefits are tiered, which means not all traders receive the same level of support or tools.
Social Trading
Exness offers a unique opportunity for beginners and experienced traders to participate in trading through a special community-driven environment. The social platform allows users to communicate, share strategies and repeat trades of more experienced traders.
- The Standard Social Trading account at Exness is designed for traders who are new to social trading but possess some experience in the markets. It provides a robust framework for users to observe and copy strategies from seasoned traders, facilitating a learning-by-doing approach to trading.
- For more advanced traders, the Pro Social Trading account offers enhanced features and capabilities. This type is suited for those who are confident in their skills and wish to leverage advanced tools and lower spreads to maximize their strategies.
| Minimum deposit | Spread | Commission | |
|---|---|---|---|
Social Standard Start your path as a strategy provider by opening a Social Standard account. |
$500 |
From 1 pips |
No comission |
Social Pro Progress as a strategy provider by setting up your Social Pro account. | $2000 | From 0.6 pip | No comission |
How to register
To begin social trading:
- Access your Personal Area and select the Social Trading option from the left-hand menu.
- Click on “Join Now” and follow the prompts to verify your account.
- You will be taken to a page to create a new trading strategy. Here, enter a strategy name, provide a short description, and create a password.
- Select your account type, determine the commission rate, choose your leverage, and then click “Continue.”
- Your strategy is now set up, and you are ready to make your initial deposit.
Characteristics and Limitations
Exness Social Trading merges the benefits of individual trading with the collective wisdom of a trading community. It is an excellent platform for those looking to enhance their trading experience by leveraging the knowledge and strategies of experienced traders. Whether you are looking to grow your trading skills or find new investment opportunities, Exness Social Trading provides a gateway to expand your trading horizons.Characteristics:
- Real-time copying of trades from experienced traders.
- Availability of a variety of strategies and trading style.
- Tools for monitoring and managing copied trades effectively.
- Simplifies trading by allowing users to copy experienced traders.
- Provides an opportunity to learn trading strategies and market behavior.
- Can be a time-efficient way to trade as it reduces the need for market analysis.
- Dependency on the success of the strategy providers’ trades.
- Potential risk if the chosen strategy provider’s performance declines.
- Success is highly dependent on the chosen strategy provider’s performance.
- Less educational value in terms of developing independent trading skills.
FAQ
Yes, Exness does offer an Islamic Account option, which is also known as a swap-free account. This type of account complies with Sharia law by not charging overnight swaps or interest on positions held overnight.
Yes, Exness offers a micro account option under its “Standard Cent” type, which allows investing with micro-lots, making it suitable for beginners or those who wish to trade with smaller amounts.
The choice depends on your individual trading style, experience, and financial goals. For beginners, the “Standard” is often recommended due to its simplicity and lower risk. For more experienced traders looking for lower spreads and higher leverage options, the “Pro” might be more appropriate. Traders interested in trading with very small amounts might find the “Standard Cent” (micro account) ideal.
