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What Is the Difference Between Standard and Standard Cent Account in Exness?
from Exness
by Exness Blog
If you’re stepping into forex trading with Exness, one of the first decisions you’ll face is choosing between a Standard Account and a Standard Cent Account. The main difference? The Standard Account uses standard lots (1 lot = 100,000 units) and is suited for traders with some experience or larger capital, while the Standard Cent Account uses cent lots (1 cent lot = 1,000 units), making it ideal for beginners or those testing strategies with minimal risk. But there’s more to it than just lot sizes. In this article, I’ll break down the key differences, benefits, and drawbacks of these two Exness account types to help you pick the one that fits your trading style. Let’s dive in!
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Why Account Type Matters in Forex Trading
Choosing the right account type is like picking the right tool for a job—it can make or break your trading experience. Exness, a trusted global forex and CFD broker since 2008, offers a range of accounts to suit everyone from newbies to pros. The Standard and Standard Cent accounts are particularly popular for their accessibility, low entry barriers, and flexibility. But they cater to different needs, so understanding their differences is crucial to aligning your trading goals with the right account.
Standard Account: The All-Rounder for Traders
The Exness Standard Account is the go-to choice for traders who want a versatile, commission-free trading experience. Whether you’re just moving from a demo account or you’re an intermediate trader ready to scale up, this account offers a solid balance of affordability and functionality. Here’s what you need to know about it:
Lot Size: Trades are executed in standard lots, where 1 lot equals 100,000 units of the base currency. For example, trading 0.01 lots of EUR/USD means you’re handling 1,000 units of the euro.
Minimum Deposit: As low as $1, though this can vary depending on your payment method and region.
Spreads: Competitive, starting from 0.2 pips on major forex pairs like EUR/USD.
Trading Platforms: Available on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Exness Terminal, giving you flexibility in how you trade.
Instruments: Access a wide range of assets, including forex, metals, cryptocurrencies, energies, stocks, and indices.
Leverage: Up to 1:2000 (or 1:400 for some regions like Kenya), allowing you to control larger positions with less capital.
Execution Type: Market execution with no requotes, ensuring fast and reliable trades.
Order Limits: No limit on open market orders and up to 100 pending orders, perfect for active traders.
Who’s it for? The Standard Account is ideal if you’ve got some trading experience, want to trade larger volumes, or prefer diversifying your portfolio across multiple asset classes. It’s also great for those transitioning from a demo account and ready to handle real money with moderate risk. The low $1 minimum deposit makes it accessible, but the standard lot sizes mean you’ll need a decent grasp of risk management to avoid big losses.
Pros:
Wide range of trading instruments for portfolio diversification.
No commission fees—costs are built into the spreads.
Flexible platform options (MT4, MT5, Exness Terminal).
High leverage for amplifying potential profits.
Suitable for traders of all levels with sufficient capital.
Cons:
Higher risk due to larger lot sizes compared to the Standard Cent Account.
Not ideal for testing new strategies with minimal capital.
Potential for larger losses, especially with high leverage.
Standard Cent Account: The Beginner’s Best Friend
If you’re new to forex or want to test a strategy without risking much, the Standard Cent Account is your go-to. This account uses cent lots, which drastically reduces your financial exposure. Here’s the lowdown:
Lot Size: Trades are in cent lots, where 1 cent lot equals 1,000 units of the base currency (equivalent to $1,000). For example, a $10 deposit shows as 1,000 cents, and a 0.01 cent lot trade is just 10 units.
Minimum Deposit: As low as $10, making it super accessible.
Spreads: Start from 0.3 pips, slightly higher than the Standard Account but still competitive.
Trading Platforms: Only available on MetaTrader 4 (MT4), which might limit you if you prefer MT5.
Instruments: Limited to forex pairs and metals (e.g., XAU/USD), so fewer options than the Standard Account.
Leverage: Up to 1:2000 (1:400 in some regions), similar to the Standard Account.
Execution Type: Market execution with no requotes.
Order Limits: Up to 1,000 open orders and 50 pending orders on MT4, which may restrict high-frequency traders.
Demo Account: Not available for this account type, as it’s already designed for low-risk live trading.
Who’s it for? The Standard Cent Account is perfect for beginners dipping their toes into live trading or experienced traders testing new strategies or Expert Advisors (EAs). The cent-based system means you can trade with real money while keeping losses tiny—think losing $0.10 instead of $10 on a bad trade.
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Pros:
Low-risk trading with cent lots, ideal for learning or testing.
Affordable $10 minimum deposit.
Commission-free with stable spreads.
Real market conditions without the high stakes.
Great for practicing risk management and building confidence.
Cons:
Limited to forex and metals, so less diversification.
Only available on MT4, no MT5 or Exness Terminal.
Smaller profits due to smaller trade sizes.
Order restrictions (1,000 open, 50 pending) may limit high-frequency trading.
Key Differences at a Glance
To make things crystal clear, here’s a side-by-side comparison of the Standard and Standard Cent accounts:
Which Account Should You Choose?
Your choice between the Standard and Standard Cent Account boils down to your experience, capital, and goals:
Choose the Standard Account if:
You’re an intermediate or experienced trader comfortable with larger trade sizes.
You want access to a wide range of instruments, including stocks and crypto.
You prefer multiple platform options (MT4, MT5, Exness Terminal).
You’re ready to scale up from a demo or cent account and can manage higher risks.
Choose the Standard Cent Account if:
You’re a beginner or have limited capital (think $10–$100).
You want to practice live trading with minimal financial risk.
You’re testing new strategies or Expert Advisors in real market conditions.
You’re okay with trading only forex and metals on MT4.
Real-World Example: Standard vs Standard Cent in Action
Let’s say you deposit $100 and trade 0.01 lots of EUR/USD, which moves 10 pips against you:
Standard Account: A 0.01 lot trade is 1,000 units. A 10-pip loss equals $1 (since 1 pip = $0.10 for EUR/USD on a 0.01 lot).
Standard Cent Account: A 0.01 cent lot trade is 10 units. A 10-pip loss equals $0.01 (since 1 pip = $0.001 for EUR/USD on a 0.01 cent lot).
The Cent Account’s smaller trade sizes mean your losses (and profits) are 100 times smaller, making it a safer sandbox for learning or experimenting.
Tips for Getting Started with Exness
Start with a Demo (Standard Account Only): If you’re unsure, practice on a Standard Account demo to get a feel for larger lot sizes and diverse instruments.
Test Strategies on the Cent Account: If you’re new or tweaking a strategy, the Standard Cent Account lets you trade live with minimal risk.
Manage Leverage Carefully: Both accounts offer up to 1:2000 leverage, which can amplify profits but also losses. Use it wisely!
Explore Exness Resources: Exness offers webinars, tutorials, and market analysis to boost your skills, regardless of your account type.
Check Regional Regulations: Leverage and conditions may vary depending on your country, so confirm what applies to you.
Final Thoughts: Standard or Standard Cent?
Both the Exness Standard and Standard Cent accounts are fantastic options, but they serve different purposes. The Standard Account is your all-purpose tool for trading a wide range of instruments with competitive spreads and no commissions. It’s perfect if you’re ready to dive into forex with a bit of experience or capital. The Standard Cent Account, on the other hand, is like training wheels—ideal for beginners or cautious traders who want to trade live without risking much.
Ultimately, your choice depends on where you are in your trading journey. If you’re just starting out or testing the waters, go with the Standard Cent Account. If you’re ready to trade bigger and diversify, the Standard Account is your best bet. Whichever you choose, Exness’s user-friendly platforms, tight spreads, and low entry barriers make it a solid choice for traders worldwide.
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