6 minute read
Exness Standard Account Review: Is It Worth It for Beginners Traders?
from Exness
by Exness Blog
If you're looking for a straightforward, beginner-friendly trading account, the Exness Standard account is often recommended as the go-to option. But is it actually worth it? The short answer is yes, especially if you are a new or intermediate trader who wants low spreads, easy access, and flexible conditions. In this article, you’ll get a complete review of the Exness Standard account — including features, spreads, leverage, trading costs, who it’s best for, and what you should watch out for.
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What Is the Exness Standard Account?
The Exness Standard account is the most basic and widely used account type offered by Exness — a globally recognized forex and CFD broker. It’s designed for everyday traders and offers access to a wide range of instruments like forex, metals, indices, cryptocurrencies, energies, and stocks. The core idea behind the Standard account is simplicity: low entry requirements, no commissions, and competitive spreads.
You don’t need a big budget to start trading — the minimum deposit is as low as $1, depending on your payment method and region. This accessibility is one of the reasons why the Standard account is so popular, especially in Southeast Asia, Africa, and Latin America.
Key Features of the Exness Standard Account
Let’s go straight into the core features that make the Standard account attractive:
· Zero commission: You don’t pay any fixed commission on trades. All costs are included in the spread.
· Low spreads: Spreads start from 0.3 pips, though they can fluctuate depending on market conditions.
· Flexible leverage: Retail clients can access up to 1:2000 leverage, and in some cases, unlimited leverage is available depending on trading volume and account status.
· Wide range of instruments: You can trade over 100+ currency pairs, along with gold, oil, indices, crypto, and stocks.
· Fast execution: Orders are processed quickly, with low slippage in normal market conditions.
· MT4 and MT5 support: The account is available on both platforms, giving you flexibility in how you trade.
· Instant deposits and withdrawals: Most payment methods, including e-wallets and local banking, are processed instantly with zero fees from Exness.
How Much Does It Cost to Trade?
The main cost in the Standard account is the spread, since there are no commissions. Spreads on major pairs like EUR/USD can be as low as 0.3–1.0 pips during liquid hours. This is highly competitive compared to other brokers.
Also, overnight positions are subject to swap fees (unless you’re using a swap-free or Islamic account). If you’re a day trader or scalper, these fees won’t affect you much. But if you hold trades overnight regularly, it's something to factor in.
There are no hidden fees like inactivity charges or deposit/withdrawal fees when using supported payment systems.
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Who Is the Exness Standard Account Best For?
This account is designed for retail traders of all experience levels, but it’s especially ideal for:
· Beginners: The account is easy to open, fund, and manage. Low minimum deposits make it accessible.
· Casual traders: If you trade a few times a week and don’t need ultra-tight spreads or ECN conditions, the Standard account is perfect.
· Scalpers and day traders: With fast execution and low spreads, scalping is possible — especially in volatile pairs.
· Mobile traders: Exness has a user-friendly app, and the Standard account works seamlessly with mobile trading.
However, if you're a professional or institutional trader who demands raw spreads and the fastest execution possible, the Raw Spread or Zero accounts might be better suited to your style.
Pros of the Exness Standard Account
· User-friendly: Account setup and trading interface are simple and intuitive.
· No commission: You only pay the spread, making cost calculation easier.
· Access to all markets: Trade forex, crypto, indices, and more — all in one place.
· Regulated broker: Exness is regulated by multiple financial authorities like CySEC and FSCA, ensuring safety of funds.
· Leverage flexibility: You can adjust leverage according to your risk level.
· No deposit limits: Fund your account based on your strategy — from $1 to $100,000 or more.
· Multiple currencies supported: Choose the base currency you prefer, minimizing conversion costs.
Cons to Consider
· Spread variability: Since the account uses variable spreads, costs can rise during news events or low-liquidity periods.
· No fixed commissions: This might be a downside for traders who prefer consistent costs (as seen in raw spread accounts).
· Not ideal for HFT (high-frequency trading): While execution is fast, pro traders using high-speed strategies might find more benefits in Exness Pro or Raw Spread accounts.
How to Open an Exness Standard Account
Opening a Standard account is simple and only takes a few minutes:
1. Visit the official Exness website.
2. Register with your email and password.
3. Verify your identity with your ID and address document.
4. Choose the Standard account type during setup.
5. Fund your account using your preferred payment method.
Once done, you can log in via MT4/MT5 or the Exness app and start trading immediately.
Standard vs Other Exness Account Types
To understand whether the Standard account is your best option, here’s a quick summary of how it compares to others:
· Standard Cent: Same features as Standard but uses cents instead of dollars. Better for ultra-small trades or testing.
· Raw Spread: Tighter spreads (from 0.0 pips) but charges commissions per lot.
· Zero Account: Commission-based with zero spreads on key pairs for 95% of the day.
· Pro Account: Designed for experienced traders, offering instant execution and lower costs on large trades.
If you’re starting out, the Standard account is the best overall balance of low cost, simplicity, and flexibility.
Final Verdict: Is the Exness Standard Account Worth It?
Yes, the Exness Standard account is absolutely worth considering if you're looking for a no-frills, low-cost way to start trading forex and CFDs. It combines affordability, convenience, and access to powerful platforms, making it ideal for beginner to intermediate traders.
The account gives you all the essential features without overwhelming you with professional-grade tools that you may not need right away. As your trading skills grow, you can always upgrade to Raw Spread or Pro accounts.
If you're ready to trade with zero commissions, fast execution, and low deposit requirements, the Exness Standard account is one of the best options on the market.
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