12 minute read
Exness Raw Spread vs Zero Account Review
from Exness
by Exness Blog
In the dynamic world of forex trading, selecting the right trading account can make or break your success. Exness, a globally trusted broker since 2008, offers a range of account types tailored to various trading strategies and experience levels. Among its professional offerings, the Raw Spread Account vs Zero Account stand out for traders seeking low-cost, high-precision trading conditions. This in-depth review explores the features, benefits, costs, and ideal use cases of the Exokinetics Raw Spread vs Zero Accounts to help you decide which aligns best with your trading goals. Whether you’re a scalper, day trader, or algorithmic trader, this guide will provide clarity on choosing the right account for your needs.
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Why Choose Exness?
Before diving into the specifics of the Raw Spread vs Zero Accounts, it’s worth understanding why Exness is a preferred choice for millions of traders worldwide. Founded in 2008, Exness has earned a reputation for transparency, competitive pricing, and cutting-edge technology. Regulated by top-tier authorities such as the FCA (UK), CySEC (Cyprus), FSCA (South Africa), and others, Exness ensures a secure and reliable trading environment. The broker supports a wide array of financial instruments, including forex, metals, cryptocurrencies, energies, stocks, and indices, and provides access to advanced platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary Exness Trader app.
Exness is known for its low spreads, lightning-fast execution, and flexible leverage (up to 1:Unlimited, subject to conditions), making it a go-to choice for traders who prioritize efficiency and cost-effectiveness. The Raw Spread vs Zero Accounts, part of Exness’s professional account lineup, are designed for experienced traders who demand precision and minimal trading costs. Let’s explore each account in detail to understand their unique offerings and how they cater to different trading styles.
Exness Raw Spread Account: Ultra-Low Spreads with Fixed Commissions
The Raw Spread Account is crafted for traders who seek the tightest possible spreads and direct access to interbank market pricing. Operating on an ECN (Electronic Communication Network) model, this account type connects traders to liquidity providers without broker markups, ensuring raw market spreads. Here’s a closer look at its key features and benefits.
Features of the Raw Spread Account
The Raw Spread Account is characterized by spreads starting from 0.0 pips, though these are floating and may widen during volatile market conditions, such as major economic news releases. Traders pay a fixed commission of up to $3.5 per lot per side ($7 per round turn), which remains consistent regardless of market fluctuations. The account requires a minimum deposit of $200 (varies by region) and offers leverage up to 1:Unlimited, subject to regulatory restrictions and account conditions. It supports Market Execution with no requotes, ensuring fast and reliable order filling. Traders can access a wide range of instruments, including forex, metals, cryptocurrencies, energies, stocks, and indices, across platforms like MT4, MT5, Exness Terminal, and the Exness Trade app. There are no limits on the number of open positions or pending orders, providing maximum flexibility.
Benefits of the Raw Spread Account
The Raw Spread Account excels in delivering ultra-low spreads, often starting at 0.0 pips during stable market conditions, making it a top choice for high-frequency trading strategies like scalping and day trading. Its ECN model ensures transparency, as traders pay only the raw interbank spread plus a fixed commission, eliminating potential conflicts of interest. The account’s fast execution minimizes slippage, which is critical for traders executing rapid trades in volatile markets. The flexible leverage allows experienced traders to amplify their positions while managing risk effectively. Additionally, the diverse range of tradable instruments enables portfolio diversification, catering to traders who explore multiple markets.
Drawbacks of the Raw Spread Account
Despite its advantages, the Raw Spread Account has some limitations. Spread widening during high-volatility periods, such as economic data releases, can increase trading costs unexpectedly. The fixed commission of up to $7 per round turn can accumulate for high-volume traders, particularly those with smaller account balances. The minimum deposit and commission structure may deter beginners or traders with limited capital. Lastly, the account requires a solid understanding of market dynamics to navigate spread fluctuations effectively, making it less suitable for novice traders.
Who Is the Raw Spread Account For?
The Raw Spread Account is ideal for experienced traders who engage in scalping, day trading, or algorithmic trading. Its ultra-tight spreads and fast execution make it perfect for strategies that capitalize on small price movements, such as breakout or momentum trading on short timeframes (e.g., 1-5 minute charts). Traders who operate during volatile market hours and are comfortable managing spread fluctuations will find this account highly effective.
Exness Zero Account: Predictable Costs with Zero Spreads
The Zero Account is designed for traders who value cost predictability and transparency. As its name suggests, it offers zero spreads on the top 30 trading instruments for 95% of the trading day, with near-zero spreads on other instruments for 50% of the time, depending on market conditions. Instead of spreads, traders pay a commission per trade. Let’s explore its features and benefits in detail.
Features of the Zero Account
The Zero Account provides zero spreads on major instruments like EUR/USD and GBP/USD for 95% of the trading day, ensuring minimal spread-related costs. Commissions start from $0.2 per lot per side, varying by instrument (e.g., up to $7 per round turn for GBP/USD). The minimum deposit is $200 (varies by region), and leverage extends up to 1:Unlimited, subject to conditions. Like the Raw Spread Account, it uses Market Execution with no requotes for fast order filling. The account supports trading in forex, metals, cryptocurrencies, energies, stocks, and indices, though zero spreads are limited to the top 30 instruments. It is compatible with MT4, MT5, Exness Terminal, and the Exness Trade app, with no restrictions on open positions or pending orders.
Benefits of the Zero Account
The standout feature of the Zero Account is its zero spreads on major instruments, which eliminates spread-related costs and simplifies cost calculations. This makes it ideal for traders who prioritize predictability in their trading expenses. The account’s fast execution and access to a deep liquidity pool ensure efficient order filling, even in fast-moving markets. The low minimum deposit makes it accessible to a wide range of traders, while the swap-free option (available for Islamic accounts) caters to those avoiding overnight fees. The Zero Account is particularly suited for scalping and short-term swing trading, where precise entry and exit points are crucial.
Drawbacks of the Zero Account
While the Zero Account offers significant advantages, it has some limitations. Commissions can be higher than the Raw Spread Account for certain instruments (e.g., $7 per round turn for GBP/USD), which may impact profitability for high-volume traders. Zero spreads are limited to 30 major instruments, and other assets may experience floating spreads during volatile periods. The fixed commission structure may not be cost-effective for traders executing small trade sizes, as commissions can outweigh the benefits of zero spreads. Additionally, slippage can occur during high-volatility events, despite the Market Execution model.
Who Is the Zero Account For?
The Zero Account is perfect for scalpers, short-term swing traders, and day traders who focus on major currency pairs and prefer predictable trading costs. Its zero-spread structure is ideal for strategies like flag, pennant, or trendline breakouts on 15-30 minute charts, where precise pricing is critical. Traders operating during off-market hours or those seeking to avoid spread fluctuations will find the Zero Account particularly advantageous.
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Comparing the Raw Spread vs Zero Accounts
To choose between the Raw Spread vs Zero Accounts, it’s essential to understand how they differ in terms of spreads, commissions, trading conditions, and suitability. Here’s a detailed comparison to guide your decision.
Spreads and Commissions
The Raw Spread Account offers floating spreads starting from 0.0 pips, which can widen during volatile periods, paired with a fixed commission of up to $3.5 per lot per side. This structure benefits traders who trade during stable market conditions and execute large volumes, as the lower commission can offset potential spread costs. In contrast, the Zero Account provides zero spreads on 30 major instruments for 95% of the trading day, with commissions starting from $0.2 per lot per side but varying by instrument. This makes the Zero Account more predictable, as traders can calculate costs upfront without worrying about spread fluctuations.
Trading Conditions
Both accounts use Market Execution with no requotes, ensuring fast and reliable order filling. They support the same range of instruments (forex, metals, cryptocurrencies, energies, stocks, and indices) and platforms (MT4, MT5, Exness Terminal, and Exness Trade app). The minimum deposit for both is $200 (varies by region), and both offer leverage up to 1:Unlimited, subject to conditions. However, the Zero Account’s zero spreads are limited to 30 major instruments, while the Raw Spread Account provides raw spreads across all instruments, making it more versatile for diversified trading.
Suitability for Trading Styles
The Raw Spread Account is tailored for high-frequency traders, such as scalpers and algorithmic traders, who thrive in volatile markets and need ultra-tight spreads. Its ECN model ensures direct market access, which is ideal for strategies requiring rapid execution. The Zero Account, on the other hand, suits cost-conscious traders who trade major currency pairs and prefer predictable costs. Its zero-spread structure is perfect for short-term strategies like scalping or swing trading during less volatile periods.
Cost Predictability
The Zero Account offers greater cost predictability due to its zero-spread model and fixed commissions, making it easier for traders to plan their expenses. The Raw Spread Account, while cost-effective during stable conditions, can become less predictable during volatile periods due to spread widening. Traders must weigh their tolerance for cost variability when choosing between the two.
Which Account Should You Choose?
The decision between the Raw Spread vs Zero Accounts hinges on your trading style, volume, experience level, and market preferences. Here are some scenarios to help you decide:
Opt for the Raw Spread Account If:
· You’re an active intraday trader who thrives in volatile market conditions and needs the tightest possible spreads.
· You employ scalping or algorithmic trading strategies that rely on fast execution and low spreads.
· You trade a diverse range of instruments and want access to raw market pricing without broker markups.
· You have sufficient capital to cover commissions and are comfortable managing spread fluctuations during news events.
Opt for the Zero Account If:
· You prioritize predictable trading costs and want to avoid spread fluctuations, especially in fast-moving markets.
· You focus on major currency pairs (e.g., EUR/USD, GBP/USD) and execute short-term trades like scalping or swing trading.
· You trade during off-market hours or less volatile periods, where zero spreads provide a cost advantage.
· You value transparency and simplicity in calculating trading expenses.
Additional Factors to Consider
When choosing between the Raw Spread vs Zero Accounts, keep the following factors in mind:
· Trading Costs: For high-volume traders, the Raw Spread Account’s lower commissions may be more cost-effective for certain instruments, while the Zero Account’s zero spreads can offset higher commissions for major pairs. Use Exness’s trading calculator to estimate costs based on your typical trade sizes.
· Market Conditions: The Raw Spread Account performs best in stable, high-liquidity conditions, while the Zero Account offers stability during volatile periods due to its fixed cost structure.
· Experience Level: Both accounts are designed for experienced traders. Beginners may find the commission structures complex and should practice with a demo account first.
· Demo Accounts: Exness offers demo accounts for both Raw Spread vs Zero Accounts, allowing you to test their performance without risking real funds.
· Regulatory Compliance: Exness’s regulation by multiple authorities ensures a secure trading environment, but traders should verify regional restrictions and leverage limits.
Exness’s Unique Strengths
Regardless of the account type, Exness offers several advantages that enhance the trading experience:
· Competitive Pricing: Both accounts provide some of the lowest spreads and commissions in the industry, ideal for cost-conscious traders.
· Flexible Leverage: Up to 1:Unlimited leverage allows traders to maximize their trading capacity while managing risk.
· Robust Platforms: Support for MT4, MT5, and proprietary Exness platforms ensures access to advanced tools for analysis and automation.
· Swap-Free Options: Islamic accounts and swap-free trading on liquid assets cater to diverse trader needs.
· Reliable Support: Exness’s multilingual customer support and high TrustPilot rating (4.6/5 from over 4,500 reviews) reflect its commitment to client satisfaction.
Tips for Making the Right Choice
To choose the best account for your needs, consider these practical tips:
· Evaluate Your Trading Style: If you trade frequently and focus on short-term price movements, the Zero Account’s predictable costs may be more suitable. For high-volume or diversified trading, the Raw Spread Account’s lower commissions could be advantageous.
· Use a Demo Account: Test both accounts in a risk-free environment to assess their performance with your trading strategy.
· Monitor Market Conditions: Consider how often you trade during volatile periods, as this impacts spread widening on the Raw Spread Account.
· Calculate Costs: Use Exness’s trading calculator to compare commissions and spreads for your typical trade sizes and instruments.
· Stay Updated: Visit Exness’s official website or contact customer support for the latest commission rates, minimum deposits, and regional requirements.
Conclusion
The Exness Raw Spread vs Zero Accounts are both exceptional choices for professional traders seeking low-cost, high-efficiency trading conditions. The Raw Spread Account is ideal for scalpers and day traders who need ultra-tight spreads and fast execution during volatile market hours, while the Zero Account suits traders who prioritize cost predictability and trade major currency pairs. By understanding your trading style, volume, and market preferences, you can select the account that maximizes your profitability.
Exness’s transparent pricing, advanced platforms, and regulatory oversight make it a reliable choice for both account types. Whether you’re executing rapid scalping trades or holding short-term swing positions, Exness provides the tools and conditions to succeed.
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