8 minute read
How to Upgrade from Raw Spread to Zero Account in Exness
from Exness
by Exness Blog
So, you’re trading on Exness with a Raw Spread account, but you’ve heard about the Zero account’s ultra-low spreads and are itching to make the switch. Good news: upgrading is straightforward, though it’s not a direct “upgrade” in the traditional sense. Instead, you’ll open a new Zero account and transfer funds if needed. In this guide, I’ll walk you through the process step-by-step, explain the differences between the two accounts, and share tips to make the transition smooth. By the end, you’ll know exactly how to move from Raw Spread to Zero and whether it’s the right choice for your trading style. Let’s dive in!
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Why Switch to a Zero Account?
Before we get to the how-to, let’s tackle why you might want to upgrade. The Exness Zero account is a favorite among scalpers and high-frequency traders because it offers zero spreads on the top 30 instruments for 95% of the trading day. Instead of spreads, you pay a commission starting at $0.2 per lot per side, which can be a game-changer for cost-conscious traders. Here’s a quick breakdown of why the Zero account might appeal to you:
Lower Trading Costs: The commission-based structure can save you money, especially if you trade frequently.
Zero Spreads: Perfect for scalping, as you get tighter entry and exit points with minimal slippage.
Transparency: No hidden markups, just clear commission rates.
Fast Execution: Market execution with no requotes suits high-speed strategies.
Compare this to the Raw Spread account, which offers spreads starting at 0.0 pips but charges a fixed commission of up to $3.5 per lot per side. While Raw Spread is great for flexibility across various trading styles, the Zero account shines for those focused on major instruments and predictable costs. If you’re a scalper or trade high volumes, the Zero account could be your ticket to optimizing profits.
Can You Directly Upgrade? The Short Answer
Here’s the deal: Exness doesn’t allow a direct “upgrade” from a Raw Spread to a Zero account. Each account type is independent, so you’ll need to open a new Zero account within your Exness Personal Area (PA) and transfer funds from your Raw Spread account if you want to switch. Don’t worry—it’s easier than it sounds, and I’ll guide you through every step.
Step-by-Step Guide to Open a Zero Account
Ready to make the move? Follow these steps to set up your Zero account and start trading with zero spreads:
Step 1: Log In to Your Exness Personal Area
Head to the official Exness website (exness.com) and log in to your Personal Area using your registered email and password. If you’ve forgotten your credentials, hit the “Forgot Password” option to reset them. This is your control hub for all things Exness, so you’ll be spending some time here.
Step 2: Verify Your Account
The Zero account is a professional account, which means Exness requires full profile verification before you can open one. If you haven’t already verified your identity and address, go to the “Verification” section in your Personal Area. You’ll need to upload:
Proof of Identity: A passport, driver’s license, or national ID.
Proof of Address: A recent utility bill, bank statement, or similar document.
Verification usually takes a few hours, but it can take up to 24 hours during busy periods. If your Raw Spread account is already verified, you’re good to go.
Step 3: Open a New Zero Account
Once verified, follow these steps to create your Zero account:
In your Personal Area, click on the “Open New Account” button.
Select Zero Account from the list of professional accounts.
Choose your preferred trading platform (MetaTrader 4 or MetaTrader 5) and account currency (e.g., USD, EUR, or others supported like JPY or ZAR).
Set your leverage (up to 1:3000, depending on your region and trading experience). Be cautious—higher leverage amplifies both profits and risks.
Review the account details and confirm.
Your new Zero account will appear in your Personal Area within minutes.
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Step 4: Fund Your Zero Account
The minimum deposit for a Zero account varies by region, typically ranging from $200 to $3,000. You can fund it directly or transfer funds from your Raw Spread account. Here’s how to transfer:
In your Personal Area, go to the “Transfer” section.
Select your Raw Spread account as the source and your new Zero account as the destination.
Enter the amount you want to transfer and confirm.
Funds move instantly, so you’re ready to trade right away.
Exness supports over 15 payment methods, including bank cards, e-wallets, and crypto, so you can also deposit fresh funds if needed. Withdrawals are processed instantly for over 98% of requests, making it super convenient.
Step 5: Start Trading
Download or log in to your chosen trading platform (MT4, MT5, or the Exness Trader app). Your Zero account will be listed, and you can start trading with zero spreads on major instruments like EURUSD, XAUUSD, and more. Check the platform for the “-z” suffix (e.g., EURUSDz) on some servers to confirm you’re trading on the Zero account.
Raw Spread vs. Zero Account: Key Differences
To make sure the Zero account is right for you, let’s compare it to the Raw Spread account in more detail:
The Zero account’s lower commissions and fixed zero spreads make it ideal for scalping major pairs, but it’s less flexible for trading exotic instruments, where spreads may widen slightly during volatility. Raw Spread, on the other hand, offers tighter spreads across a broader range of instruments, making it better for traders with diverse portfolios.
Things to Consider Before Switching
Switching accounts isn’t just about following steps—it’s about ensuring the Zero account fits your trading goals. Here are some factors to weigh:
Trading Volume: The Zero account shines for high-volume traders. If you trade small lots, the commissions might outweigh the benefits of zero spreads. Use Exness’s trading calculator to compare costs.
Instrument Focus: If you stick to major forex pairs, metals, or indices, the Zero account’s zero spreads are a win. But for exotic pairs or stocks, Raw Spread might be more cost-effective.
Market Conditions: During volatile periods (like news releases), spreads on non-top instruments in the Zero account may widen slightly. Monitor economic calendars to time your trades.
Risk Management: Both accounts offer high leverage (up to 1:3000), but this can amplify losses. Start with conservative leverage, like 1:100, if you’re new to the Zero account.
Tips to Optimize Your Zero Account Experience
Once you’ve made the switch, here’s how to get the most out of your Zero account:
Use a Commission Calculator: Before trading, calculate your costs to ensure the Zero account saves you money compared to Raw Spread. Exness’s trading calculator is a handy tool for this.
Leverage Educational Resources: Exness offers webinars, tutorials, and an economic calendar to sharpen your skills. These are especially useful for adapting to the Zero account’s commission-based model.
Monitor Volatility: Zero spreads are fixed on top instruments, but exotic pairs can fluctuate. Stay updated on market news to avoid surprises.
Contact Support: Exness’s 24/7 support via live chat, email, or phone is a lifesaver if you hit a snag during setup or trading.
Test with a Demo: Not sure if the Zero account suits you? Open a demo Zero account to practice without risking real money.
Is the Zero Account Right for You?
The Zero account is a powerhouse for scalpers and high-frequency traders who prioritize major instruments and predictable costs. However, if you trade a wide range of assets or prefer flexibility over fixed zero spreads, sticking with the Raw Spread account might be smarter. It all boils down to your trading style, volume, and goals.
If you’re still on the fence, try this: open a demo Zero account, run some trades, and compare the costs to your Raw Spread account. Exness’s transparency—publishing audited financial data and offering real-time spread checks—makes it easy to test the waters.
Wrapping Up
Switching from a Raw Spread to a Zero account on Exness is a breeze once you know the steps: log in, verify your account, open a Zero account, transfer funds, and start trading. While it’s not a direct upgrade, the process is quick, and the Zero account’s zero spreads and low commissions can supercharge your trading if you’re focused on major instruments. Just make sure to weigh your trading style and use tools like the Exness trading calculator to confirm it’s the right move.
✅ Trade with Exness now: Open An Account or Visit Brokers 👈
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