Exness account
The choice of the type of brokerage account is very important - it depends on how comfortable trading conditions, spreads, commissions and offered instruments will be for you. Brokers offer all sorts of options, each of which meets the specific needs of beginners or experienced traders. In this article, we will look at the variety of Exness accounts types, highlighting their key features and benefits.
Updated: 01.05.2024
Take advantage of many account types with different trading conditions, competitive spreads, no commissions and high leverage!
Overview of account types
Overview of the types of trading accounts offered by Exness Broker:
Exness offers 6 main types of trading accounts:
Exness offers 6 main types of trading accounts:
- Demo account for practicing strategies
- Standard account, minimum deposit of 10 dollars
- Standard Cent account for small volume trading, unlimited leverage
- Professional account, Raw spread, Zero for experienced traders, leverage 1:200
Exness offers a wide range of accounts for traders with different levels of experience - from demo accounts to professional accounts. Standard types are suitable for beginners, while professional accounts with improved conditions are suitable for experienced traders.
Which account should I choose?
- Choosing the right type of account depends on a number of factors:
- The level of trading experience of the trader (beginner or experienced)
- The amount of the initial deposit
- Priority of trading conditions (spreads, leverage, commissions).
- When choosing an account, you should consider:
- Standard or cent accounts with deposits from $1 are suitable for beginners
- For experienced people - Raw spread, professional, zero accounts with low spread
- Deposit amount (some accounts require a higher minimum)
- Leverage and spread
- Islamic account for clients from Islamic countries
- When choosing the type of account in Exness, focus on your experience, the size of the deposit and the priorities of the conditions. The broker recommends different types of accounts for beginners and experienced users.
Traders can open several types of accounts in Exness at the same time.
Standard accounts
The Exness Standard account is a versatile option with a low entry threshold, a wide range of tools and high leverage, which is suitable for both beginners and experienced traders.
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The main characteristics of standard accounts:
- The minimum deposit is only from 1 USD
- The maximum leverage is 1:2000
- Access to MT4, MT5 trading platforms, web terminals and mobile terminals
- No fees for deposits/withdrawals and exchanges
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Trading conditions and tools:
- The ability to trade currency pairs, metals, energy resources, stocks, indices, cryptocurrencies as CFDs
- Fixed spread, fast execution
- Access to copying transactions of successful traders
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Standard accounts are suitable for both position trading and intraday activities, including surfing. However, professional accounts with lower spreads are more suitable for high-frequency surfing trading.
Professional Accounts
Exness Raw and Zero professional accounts offer improved trading conditions with low spreads and fast order execution, but require a higher minimum deposit and confirmation of the status of a professional trader. They also support automated trading.
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How does a professional account differ from a standard one:
- Lower spreads compared to standard accounts
- The maximum leverage has been reduced by 1:200 (compared to a standard account of 1:2000)
- Higher minimum deposit requirements
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Additional benefits of a professional account:
- Fast execution of orders without repeated quotes and delays
- Access to trading with a minimum spread of 0 points
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Account Opening request:
The minimum deposit for accounts with an unprocessed spread is 200 pounds
The minimum deposit for accounts with an unprocessed spread is 200 pounds
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Professional accounts in Exness are ideal for using trading robots (Expert Advisors) and automated trading systems.
Social account
Exness social account allows you to copy trades of successful traders, act as a copier or signal provider. This gives you the opportunity to learn and diversify your trading, and reduces the risk of loss when copying losing trades.
The system of copying trades works as follows: traders whose trades are ready to be copied are called ‘signal providers’. Other traders can connect to their account and automatically copy open positions to their account.
The system of copying trades works as follows: traders whose trades are ready to be copied are called ‘signal providers’. Other traders can connect to their account and automatically copy open positions to their account.
- Benefits of using a social account/copy:
- Trading strategy like successful traders
- Learn by watching the actions of experienced traders
- Taking risks:
- Losses when copying unprofitable transactions of suppliers
- Lack of control over automatically copied transactions
- Depends on the results of the supplier's transaction
Demo Account
- A demo account at Exness is necessary for practicing and testing trading strategies in conditions as close as possible to real market conditions, but without the risk of losing real money. Its opening is free and does not require a deposit.
- The main difference between a demo account and a real account is:
- A demo account that uses virtual currency, not real money
- Demo account is opened quickly and for free without depositing funds
- Trading conditions (spreads, order execution, etc.) are as close as possible to a real account
- Demo accounts at Exness allow you to test every trading strategy, indicator and advisor in a risk-free environment before using them on a live account.
To open a demo account , you need to:- Register with Exness
- Select the option ‘open a demo account’.
- You do not need to send real money to open a demo account.