Exness Account Types
Exness offers a diverse range of trading account types to cater to the varying needs of traders. Whether you are a beginner taking your first steps into the world of forex trading or an experienced trader seeking advanced features, Exness provides account options designed to meet your specific requirements.
The choice of account type is crucial as it can significantly impact your trading experience and success, influencing factors such as trading costs, leverage, and the range of available instruments. Each account type comes with its own set of features and benefits, tailored to suit different trading styles and levels of experience.
Exness Standard Accounts
Exness offers two types of Standard Accounts designed to cater to both novice and experienced traders: the Standard Cent account and the Standard account. These accounts provide flexible trading conditions, making them ideal for traders who seek a straightforward and cost-effective trading experience.
Standard Account
The Standard account is suitable for all types of traders, from beginners to those with more trading experience. It provides a balanced combination of low trading costs and flexible trading conditions, making it one of the most popular account types at Exness.
Standard Cent Account
The Standard Cent account is specifically designed for beginner traders who want to start trading with minimal risk. This account type allows you to trade using cent lots, meaning that your trades are conducted in cents rather than dollars. This significantly lowers the financial barrier to entry and allows new traders to get accustomed to real trading conditions without risking large amounts of capital.
| Feature | Standard Cent | Standard |
| Minimum Deposit | No minimum deposit | No minimum deposit |
| Leverage | Up to 1 | Up to 1 |
| Spreads | Starting from 0.3 pips | Starting from 0.3 pips |
| Commission | No commission | No commission |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Order Execution | Market Execution | Market Execution |
| Maximum Number of Orders | 1000 open orders | 1000 open orders |
| Hedging Allowed | Yes | Yes |
| Ideal For | Beginners | All types of traders |
Exness Professional Accounts
Exness offers several types of Professional Accounts designed to meet the needs of experienced traders. These accounts provide advanced trading conditions, including tighter spreads, different commission structures, and enhanced execution speeds. The three primary types of Professional Accounts are Pro, Raw Spread, and Zero accounts.
Pro Account
The Pro Account is tailored for experienced traders seeking a commission-free trading environment with tight spreads. This account type is ideal for those who want to enjoy low-cost trading while maintaining high leverage and fast execution speeds.
Raw Spread Account
The Raw Spread Account is designed for traders who prioritize transparent pricing and prefer trading with raw spreads. This account type charges a commission per trade but offers raw spreads starting from 0 pips, which can be particularly beneficial for scalpers and high-frequency traders.
Zero Account
The Zero Account is ideal for traders who need absolute price certainty, offering fixed spreads of 0 pips on major pairs. This account type is commission-based and is suitable for traders who require precise execution and predictability in their trading costs.
| Feature | Pro | Raw Spread | Zero |
| Minimum Deposit | $200 | $200 | $200 |
| Leverage | Up to 1 | Up to 1 | Up to 1 |
| Spreads | Starting from 0.1 pips | Raw spreads starting from 0.0 pips | Fixed spreads of 0.0 pips on majors |
| Commission | No commission | $3.5 per lot per side | From $3.5 per lot per side |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Order Execution | Market Execution | Market Execution | Market Execution |
| Maximum Number of Orders | 1000 open orders | 1000 open orders | 1000 open orders |
| Hedging Allowed | Yes | Yes | Yes |
| Ideal For | Commission-free trading | Transparent pricing with raw spreads | Fixed spreads and price certainty |
Comparison of Exness Account Types
To help you make an informed decision, here is a detailed comparison of the different account types offered by Exness, highlighting key features such as minimum deposit, leverage, spreads, commission, and ideal user profile.
| Feature | Standard Cent | Standard | Pro | Raw Spread | Zero |
| Minimum Deposit | No minimum deposit | No minimum deposit | $200 | $200 | $200 |
| Leverage | Up to 1 | Up to 1 | Up to 1 | Up to 1 | Up to 1 |
| Spreads | Starting from 0.3 pips | Starting from 0.3 pips | Starting from 0.1 pips | Raw spreads from 0.0 pips | Fixed spreads of 0.0 pips on majors |
| Commission | No commission | No commission | No commission | $3.5 per lot per side | From $3.5 per lot per side |
| Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution | Market Execution |
| Maximum Number of Orders | 1000 open orders | 1000 open orders | 1000 open orders | 1000 open orders | 1000 open orders |
| Hedging Allowed | Yes | Yes | Yes | Yes | Yes |
| Ideal For | Beginners | All types of traders | Commission-free trading | Transparent pricing with raw spreads | Fixed spreads and price certainty |
Choosing the Right Type of Exness Account
Selecting the right account type with Exness is crucial for optimizing your trading experience. The choice depends on your trading goals, experience level, risk tolerance, and preferred trading strategies. Here’s a guide to help you decide which Exness account type suits you best.
Factors to Consider
- Trading Experience
- Beginners: If you are new to trading, starting with an account that minimizes financial risk while you learn is advisable.
- Intermediate to Advanced: More experienced traders might prefer accounts that offer advanced features, lower spreads, or raw spreads.
- Trading Style
- Scalping: Traders who execute many trades within short periods might benefit from accounts with low or zero spreads.
- Day Trading and Swing Trading: Traders who hold positions for longer periods might prioritize accounts with no commissions and competitive spreads.
- Financial Goals
- Low Risk: If your goal is to trade with minimal risk, an account with lower financial exposure is ideal.
- Maximizing Profits: For those looking to maximize profits, accounts offering high leverage and lower trading costs are suitable.
- Risk Tolerance
- Conservative Traders: Prefer accounts with fixed spreads and low initial deposits to manage risk effectively.
- Aggressive Traders: Comfortable with higher risks might choose accounts with higher leverage and variable spreads.
Recommendations Based on Experience and Goals
- Beginners
- Recommended Account Types: Standard Cent, Standard
- Why: These accounts require no minimum deposit, offer high leverage, and have no commission, making them ideal for learning and practicing without significant financial risk.
- Intermediate Traders
- Recommended Account Types: Standard, Pro
- Why: The Standard account offers flexibility and competitive trading conditions without commissions. The Pro account provides tight spreads with no commission, suitable for traders seeking lower trading costs.
- Experienced Traders
- Recommended Account Types: Pro, Raw Spread, Zero
- Why: Experienced traders benefit from the Pro account’s tight spreads and no commission. The Raw Spread account offers raw spreads with a transparent commission structure, while the Zero account provides fixed spreads for absolute price certainty.
- Scalpers and High-Frequency Traders
- Recommended Account Types: Raw Spread, Zero
- Why: These accounts offer very low or zero spreads, which is crucial for scalping strategies where every pip counts. The Raw Spread account charges a commission but offers raw market spreads, while the Zero account ensures fixed spreads.
- Traders with Low Risk Tolerance
- Recommended Account Types: Standard Cent
- Why: Trading in cent lots significantly reduces financial exposure, making it a safe option for those looking to minimize risk.
- Traders Seeking Transparent Pricing
- Recommended Account Types: Raw Spread
- Why: This account type offers raw spreads starting from 0.0 pips, with a clear and straightforward commission structure, ideal for traders who value transparent pricing.
Additional Considerations
- Funding and Withdrawals: Consider the ease of depositing and withdrawing funds with each account type.
- Trading Instruments: Ensure the account type supports the range of trading instruments you are interested in.
- Customer Support: Access to responsive customer support can be crucial, especially for beginners.
How to Open an Account
Opening an account with Exness is a straightforward process designed to get you started quickly and easily. Follow these steps to open and verify your trading account.
Step-by-Step Guide
- Visit the Exness Website
- Go to the Exness website.
- Click on “Open Account”
- Locate the “Open Account” button on the homepage and click on it.
- Fill Out the Registration Form
- Enter your email address and create a password.
- Select your country of residence.
- Choose your preferred account type (Standard, Pro, Raw Spread, Zero, etc.).
- Verify Your Email
- Exness will send a verification link to your registered email address.
- Check your email inbox and click on the verification link to confirm your email address.
- Complete Your Profile
- Log into your Exness Personal Area using your email and password.
- Provide additional personal information, including your full name, date of birth, and contact details.
- Ensure that all information is accurate and matches your identification documents.
- Verify Your Identity
- Upload a copy of your government-issued ID (such as a passport or driver’s license).
- Provide proof of residence (such as a utility bill or bank statement) that is no older than 6 months.
- Follow the instructions to submit these documents through the secure portal.
- Set Up Two-Factor Authentication (2FA)
- For enhanced security, enable Two-Factor Authentication (2FA) in your Personal Area.
- Follow the instructions to set up 2FA using an authentication app like Google Authenticator.
- Fund Your Account
- Choose a funding method from the available options (bank transfer, credit card, e-wallets, etc.).
- Enter the required details and deposit the desired amount into your trading account.
- Ensure you meet any minimum deposit requirements specific to your chosen account type.
- Download Trading Platform
- Navigate to the “Platforms” section on the Exness website.
- Download MetaTrader 4 (MT4) or MetaTrader 5 (MT5) for your preferred operating system (Windows, Mac, Android, iOS).
- Install the platform and log in using the credentials provided by Exness.
- Start Trading
- Once your account is verified and funded, you can start trading.
- Use the Exness Personal Area to manage your account, view trading history, and access customer support.
Tips for a Smooth Account Opening
- Accurate Information: Ensure all the information you provide matches your identification documents.
- Clear Documents: Upload clear and legible copies of your documents to avoid delays in the verification process.
- Secure Connection: Always use a secure internet connection to protect your personal information.
Account Management and Support
Managing your Exness account effectively and accessing the support you need are crucial for a smooth trading experience. Here’s a guide to help you navigate account management and get the support you need.
Account Management
- Accessing Your Personal Area
- Login: Visit the Exness website and log into your Personal Area using your email and password.
- Dashboard: The dashboard provides an overview of your account, including balance, equity, and recent transactions.
- Managing Funds
- Deposits: Click on the “Deposit” button, choose your preferred payment method, and follow the instructions to fund your account.
- Withdrawals: Click on the “Withdraw” button, select the withdrawal method, and enter the amount to withdraw. Follow the instructions to complete the process.
- Internal Transfers: Move funds between different trading accounts within your Exness Personal Area.
- Trading Account Settings
- Opening Additional Accounts: Open additional trading accounts as needed by clicking on “Open New Account” and selecting the desired account type.
- Leverage Adjustments: Adjust your leverage settings under the account settings to suit your trading strategy.
- Account Information: View and manage account details such as account number, server information, and trading conditions.
- Monitoring Account Activity
- Trade History: Review your trade history to analyze past performance and identify areas for improvement.
- Transaction History: Track all deposits, withdrawals, and internal transfers.
- Notifications: Set up email or SMS notifications for account activities, such as deposits, withdrawals, and margin calls.
- Security Settings
- Two-Factor Authentication (2FA): Enable 2FA to add an extra layer of security to your account.
- Password Management: Change your password regularly to enhance security. Ensure your new password is strong and unique.
- Security Alerts: Set up security alerts to be notified of any suspicious activities on your account.
Support
- Live Chat
- Availability: Exness offers 24/7 live chat support.
- Access: Click the “Help” or “Support” button on the Exness website to start a live chat session with a support representative.
- Email Support
- Email Address: [email protected]
- Response Time: Typically, you will receive a response within 24 hours.
- How to Use: Send an email with your name, account number, and a detailed description of your issue or query. Attach any relevant screenshots or documents to help explain your problem.
- Phone Support
- Phone Number: +357 25008105
- Availability: Available during business hours for immediate assistance.
- How to Use: Call the support number, provide your account information for verification, and explain your issue to the representative.
- Help Center
- Access: Visit the Exness Help Center for a comprehensive library of articles, FAQs, and guides.
- Topics Covered: Includes account management, trading platforms, deposits and withdrawals, and more.
- Social Media
- Channels: Exness is active on social media platforms such as Facebook, Twitter, Instagram, and LinkedIn.
- Support: You can reach out through direct messages or comments for quick assistance or updates.
- Community Forums
- Exness Community: Join the Exness community forums to connect with other traders, share experiences, and seek advice.
- Discussions: Participate in discussions about trading strategies, market analysis, and platform features.
Best Practices for Effective Account Management
- Regular Monitoring: Frequently check your account activity and trade performance to stay informed and make necessary adjustments.
- Security Measures: Utilize all available security features, including 2FA and security alerts, to protect your account.
- Stay Informed: Keep up-to-date with the latest market news and updates from Exness to make informed trading decisions.
- Utilize Support: Don’t hesitate to contact Exness support if you encounter any issues or have questions. Prompt assistance can help you resolve problems quickly and efficiently.
Conclusion
Exness offers a comprehensive range of account types to cater to the diverse needs and preferences of traders, from beginners to seasoned professionals. Whether you’re just starting your trading journey or looking to optimize your trading strategies, Exness has an account type designed to support your goals.
For those new to trading, the Standard Cent and Standard accounts provide an accessible entry point with no minimum deposit, competitive spreads, and high leverage, making it easy to get started with minimal financial risk. Experienced traders can benefit from the advanced features of the Professional Accounts, such as the Pro, Raw Spread, and Zero accounts, which offer tight spreads, transparent commission structures, and high leverage to maximize trading efficiency and profitability.
FAQs: Exness Account Types
What is the minimum deposit required to open an Exness account?
The Standard Cent and Standard accounts have no minimum deposit requirement, making them accessible to all traders. Professional accounts (Pro, Raw Spread, and Zero) require a minimum deposit of $200.
What leverage options are available with Exness accounts?
Exness offers high leverage up to 1 on all account types, allowing traders to maximize their potential returns. However, leverage levels can be adjusted based on your trading strategy and risk management preferences.
What trading platforms are available with Exness accounts?
All Exness account types support MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on Windows, Mac, Android, and iOS devices.
How do I choose the right Exness account type?
Consider your trading experience, style, financial goals, and risk tolerance when choosing an account type. Beginners may prefer the Standard Cent or Standard accounts, while experienced traders might benefit from the advanced features of the Pro, Raw Spread, or Zero accounts.
Can I open multiple trading accounts with Exness?
Yes, you can open multiple trading accounts with Exness to diversify your trading strategies and manage different trading instruments separately. You can do this easily from your Personal Area.
How do I verify my Exness account?
After registering, log into your Exness Personal Area and complete your profile. You will need to upload a copy of your government-issued ID and a proof of residence document. Verification typically takes a few hours to a couple of days.