7 minute read
Exness India Account Opening: A Comprehensive Step-by-Step Guide
from Exness
by Exness Blog
The forex and CFD trading market in India is booming, driven by growing financial literacy and access to global markets. Among the plethora of brokers available, Exness stands out as a trusted, user-friendly platform for Indian traders. Established in 2008, Exness has earned a global reputation for its transparency, competitive trading conditions, and advanced technology. Whether you're a beginner or an experienced trader, understanding how to open an Exness account in India is your first step toward tapping into the world of online trading.
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Why Choose Exness for Trading in India?
Exness is a globally recognized broker regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and the Financial Sector Conduct Authority (FSCA) in South Africa. For Indian traders, Exness offers several compelling advantages:
Regulation and Trustworthiness: Exness adheres to strict regulatory guidelines, ensuring the safety of client funds through segregated accounts and transparent operations.
Low Trading Costs: Competitive spreads starting from 0.3 pips and no commissions on Standard accounts make Exness cost-effective.
Variety of Account Types: From beginner-friendly Standard Cent accounts to advanced ECN accounts for high-frequency traders, Exness caters to all skill levels.
User-Friendly Platforms: Access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary Exness Terminal ensures seamless trading on desktop and mobile.
Localized Payment Options: Indian traders can use UPI, net banking, debit/credit cards, and e-wallets like Skrill and Neteller for instant deposits and withdrawals.
24/7 Multilingual Support: Exness provides round-the-clock customer support in multiple languages, including Hindi, for prompt assistance.
With over 600,000 active traders worldwide, Exness is a trusted platform for Indian investors looking to trade forex, commodities, cryptocurrencies, and indices.
Is Forex Trading with Exness Legal in India?
Before diving into the account opening process, it’s crucial to address the legality of trading with Exness in India. Forex trading is regulated by the Reserve Bank of India (RBI) and the Securities and Exchange Board of India (SEBI). Indian residents can trade INR-paired currencies (e.g., USD/INR, EUR/INR) through SEBI-regulated brokers. However, trading other currency pairs or CFDs with international brokers like Exness falls into a regulatory gray area.
Exness operates legally under its global licenses and complies with India’s Liberalised Remittance Scheme (LRS), which allows residents to remit up to $250,000 per financial year for permissible transactions, including trading. Indian traders should consult a financial advisor to ensure compliance with RBI guidelines and understand tax implications on trading profits, which are considered taxable income.
Step-by-Step Guide to Opening an Exness Account in India
Opening an Exness account in India is a straightforward process that can be completed in under 10 minutes. Follow these steps to get started:
Step 1: Visit the Official Exness Website
Navigate to Exness: Open An Account or Visit Brokers 👈
Ensure you’re on the official website by checking for the padlock icon in the address bar to avoid phishing scams.
Step 2: Fill Out the Registration Form
Provide your country of residence (select “India”).
Enter a valid email address for account verification and future communications.
Input an active phone number with the country code (+91 for India) for SMS verification.
Create a strong password combining letters, numbers, and symbols.
Optionally, enter a Partner code if registering under a referral program.
Confirm you are not a citizen of restricted countries (India is not restricted) and agree to Exness’s terms and conditions.
Step 3: Verify Your Email
Check your email inbox for a verification link from Exness. Click the link to confirm your registration. If the email doesn’t appear, check your spam or junk folder or request a new link.
Step 4: Log In to Your Personal Area
Use your registered email and password to log in to the Exness Personal Area (PA), your central hub for managing trading accounts, deposits, withdrawals, and settings.
Step 5: Complete KYC Verification
Exness requires Know Your Customer (KYC) verification to comply with anti-money laundering regulations. Submit the following:
Proof of Identity (POI): Aadhaar card, PAN card, passport, or driver’s license.
Proof of Residence (POR): Utility bill, bank statement, or any document showing your address (not older than 6 months).
Ensure documents are clear, legible, and in supported formats (PDF, JPG). Verification typically takes 24–48 hours but can be faster if documents are correct.
Step 6: Choose Your Account Type
Exness offers five account types tailored to different trading needs:
Standard Account: Ideal for beginners, with a $10 minimum deposit, spreads from 0.3 pips, no commissions, and leverage up to 1:2000.
Standard Cent Account: Perfect for novices, using cent lots ($0.01 per lot) for low-risk trading. Minimum deposit: $10.
Pro Account: Designed for experienced traders, with instant execution and low spreads. Minimum deposit: $200.
Zero Account: Offers near-zero spreads for high-volume traders, with a commission per trade. Minimum deposit: $200.
ECN Account: For advanced traders, with direct market access and ultra-low spreads. Minimum deposit: $200.
Step 7: Fund Your Account
Exness supports multiple payment methods for Indian traders:
UPI: Google Pay, PhonePe, Paytm (instant deposits).
Net Banking: IMPS, NEFT, RTGS.
Debit/Credit Cards: Visa, MasterCard, RuPay.
E-wallets: Skrill, Neteller, Perfect Money.
Cryptocurrencies: Bitcoin, Ethereum, USDT.
Deposits are typically instant, with no fees charged by Exness (third-party providers may apply fees).
Step 8: Download a Trading Platform
Choose from MT4, MT5, or the Exness Terminal (web-based).
For mobile trading, download the Exness Trader App from Google Play or the App Store.
Log in using your account credentials and start trading.
Tips for a Successful Trading Journey with Exness
To maximize your experience with Exness, consider these expert tips:
Start with a Demo Account: Exness offers a free demo account with $10,000 in virtual funds to practice strategies risk-free. It mirrors real market conditions, making it ideal for beginners.
Enable Two-Factor Authentication (2FA): Enhance account security by enabling 2FA via SMS or an authenticator app.
Use Educational Resources: Exness provides webinars, guides, and an economic calendar to stay informed about market trends.
Practice Risk Management: Set stop-loss levels and maintain a risk-reward ratio to protect your capital.
Monitor Spreads and Market Events: Spreads may widen during volatile periods or news releases. Use Exness’s economic calendar to plan trades.
Consult a Tax Professional: Ensure compliance with Indian tax laws by consulting a financial advisor regarding trading profits.
Common Questions About Exness Account Opening in India
1. Is Exness free to use in India?
Yes, opening an Exness account is completely free, with no registration or activation fees. Standard accounts also have no minimum deposit requirement.
2. How long does verification take?
Verification typically takes 24–48 hours, but clear, high-quality documents can expedite the process.
3. Can I trade cryptocurrencies with Exness?
Yes, Exness supports trading in popular cryptocurrencies like Bitcoin and Ethereum, depending on your account type.
4. Do I need a VPN to access Exness in India?
No, Exness is accessible directly without a VPN.
5. What if I forget my password?
Click “Forgot Password” on the login page to reset it via email.
Why Exness Stands Out for Indian Traders
Exness combines affordability, flexibility, and robust support to create an ideal trading environment for Indian traders. Its commitment to transparency, low-cost trading, and localized payment options like UPI make it accessible to beginners and professionals alike. With a variety of account types, competitive spreads, and high leverage (up to 1:2000), Exness empowers traders to scale their strategies effectively.
Moreover, Exness’s focus on security—through 2FA, bank-level encryption, and segregated client funds—ensures peace of mind. The platform’s 24/7 multilingual support and educational resources further enhance the trading experience, making it a top choice for Indian investors.
Conclusion
Opening an Exness account in India is a simple, cost-free process that unlocks access to global financial markets. By following the step-by-step guide above, you can register, verify, and fund your account with ease. Whether you’re starting with a Standard Cent account for low-risk trading or scaling up to a Zero or ECN account for advanced strategies, Exness offers the tools and support to succeed.
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
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