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Exness Account Types
Exness is one of the leading Forex brokers, offering a variety of account types to suit traders with different needs and preferences. Whether you're a beginner looking to dip your toes into the Forex market or a professional trader seeking more advanced features, Exness has an account that’s right for you.
Why Choose Exness as Your Broker?
Exness has earned a reputation for providing excellent trading conditions and robust platform features. It is a regulated broker, offering traders access to the Forex market through MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Additionally, Exness provides high leverage, low spreads, and fast withdrawals, making it a great choice for both new and experienced traders.
Exness is also regulated by trusted authorities, including those in Cyprus, ensuring that traders can trust their transactions are secure and the platform is transparent.
Exness Account Types
Exness offers various account types to suit traders of all levels, from beginners to professionals, including Standard, Standard Cent, Demo, Pro, Zero, Raw Spread, Social Trading, and Islamic accounts. This article explores the details of each account type to help you choose the best option for your trading needs.
Start Trading: Open Exness Account or Visit Website
Standard Account
The Standard Account is ideal for beginners in the Forex market, offering a simple, user-friendly experience with a minimum deposit of just $1. It has no commission fees, only a spread starting from 0.3 pips, and offers leverage up to 1:2000, making it accessible for new traders. Available on both MT4 and MT5, it's perfect for those who want to learn and trade without complex features, making it best suited for casual traders and beginners.
Standard Cent Account
The Standard Cent Account is ideal for beginners who want to start trading with lower risk by using cents instead of full dollars. With a minimum deposit of $1, it allows traders to practice and test strategies with minimal exposure to risk. The account offers a spread from 0.3 pips and leverage up to 1:2000, making it an affordable and flexible option for those looking to gain hands-on experience without large financial commitments.
Demo Account
The Demo Account is a risk-free way to practice trading with virtual funds, perfect for beginners or those looking to test strategies before using real money. It simulates live trading conditions, offering spreads, leverage up to 1:2000, and no commissions, making it ideal for honing skills and familiarizing with the Exness platform. Available on both MT4 and MT5, it provides a stress-free environment to learn and improve without financial risk.
Pro Account
The Pro Account is designed for experienced traders who need advanced features and better trading conditions, with a minimum deposit of $500. It offers tighter spreads starting from 0.1 pips and a small commission based on trade volume, making it ideal for those executing larger trades. Available on MT4 and MT5, it provides access to advanced analytical tools, automated trading, and leverage up to 1:2000, making it perfect for professional traders seeking optimal conditions for precision and strategy.
Zero Account
The Zero Account is ideal for traders who need ultra-low spreads, starting from 0.0 pips, making it perfect for scalpersand day traders. With a minimum deposit of $200 and a commission of $3.5 per side per lot, it offers tight spreads and leverage up to 1:2000 for precise, cost-effective trading.
This account type is built for high-frequency traders who require fast execution and precise trades, making it excellent for strategies like scalping. The Zero Account ensures minimal trading costs and optimal execution speed, allowing traders to take advantage of even the smallest market movements.
Raw Spread Account
The Raw Spread Account is perfect for active traders, such as scalpers and those who execute frequent trades, offering ultra-low spreads starting from 0.0 pips and a commission of $3.5 per side per lot. With a minimum deposit of $200, it allows traders to minimize transaction costs while benefiting from leverage up to 1:2000.
Favored by professional traders, this account is ideal for those engaged in day trading or high-frequency trading. The low spreads and commission structure offer optimal conditions for maximizing profits on each trade, making it a flexible and cost-effective choice for active traders.
Social Trading Account
The Social Trading Account is ideal for passive traders who want to copy the trades of top-performing traders, requiring just a minimum deposit of $1. With spreads starting from 0.3 pips and no additional commission fees, this account allows users to benefit from the expertise of experienced traders without actively managing trades. It also offers leverage up to 1:2000, providing flexibility.
Available on both MT4 and MT5, the Social Trading Account is perfect for those who prefer a hands-off approach to Forex trading while still gaining exposure to the market. It’s an excellent choice for traders with limited time or experience, allowing them to follow proven strategies and benefit from professional insights.
Islamic Account
Exness offers Islamic Accounts for traders who follow Sharia law and wish to engage in Forex trading without violating religious principles, such as the prohibition of interest (riba). These accounts have the same minimum depositand spread as the Standard or Pro Accounts, with no commissions. However, traders may incur fees for overnight financing or positions carried over.
The Islamic Account is free from swap fees or interest charges, ensuring compliance with Islamic principles. Available on MT4 and MT5, it provides the same features and leverage up to 1:2000, making it ideal for Muslim traders seeking Sharia-compliant trading conditions while enjoying the flexibility offered by Exness.
Comparison of Exness Account Types
Let’s quickly compare the key features of each Exness account type to help you decide which one is best for you.
How to Open an Exness Account
Opening an Exness account is a straightforward process. Here’s how you can get started:
Visit the Exness Website: Go to the official Exness website.
Choose Your Account Type: Select the account type that best suits your trading style and deposit capacity.
Fill Out the Registration Form: Provide your personal details, such as name, email address, and phone number.
Verify Your Identity: Exness requires KYC (Know Your Customer) verification to ensure the security of your account. Upload a valid ID or passport and a utility bill as proof of address.
Fund Your Account: Make a deposit using one of the available payment methods, such as bank transfer, credit card, or e-wallet.
Start Trading: Once your account is verified and funded, you can start trading on MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
How the Different Types of Exnesss Accounts Compare
Exness offers a range of account types to cater to various trading needs, from beginners to professional traders. The Standard Account and Standard Cent Account are great for newcomers, with low minimum deposits and no commissions, providing simple and accessible trading options. For more experienced traders, the Pro Account offers tighter spreads and advanced features, ideal for those executing larger trades. The Zero Account and Raw Spread Account are designed for high-frequency traders, providing ultra-low spreads but with commission fees, making them perfect for scalpers and day traders. Additionally, the Social Trading Account allows users to copy the trades of successful traders, while the Islamic Account caters to Muslim traders by offering Sharia-compliant trading conditions. Each account type offers varying levels of leverage (up to 1:2000), and all are available on popular platforms like MT4 and MT5, ensuring flexibility for traders of all levels.
Start Trading: Open Exness Account or Visit Website
How to Select the Appropriate Account
Selecting the right Exness account depends on your trading experience, goals, and risk tolerance. Beginners or those testing strategies with minimal risk can choose the Standard Cent Account for smaller trades, or the Standard Accountfor straightforward, commission-free trading. Experienced traders may prefer the Pro Account or Raw Spread Accountfor tighter spreads and advanced tools, though they come with a small commission. For scalping or high-frequency trading, the Zero Account offers ultra-low spreads and fast execution. The Social Trading Account is ideal for those who want to copy successful traders, while the Islamic Account is perfect for those seeking Sharia-compliant trading. Choose an account based on your trading style, capital, and required features.
Frequently Asked Questions (FAQs)
Which Exness account is best for beginners?
The Standard Account is the best choice for beginners because it has a low minimum deposit requirement and no commission on trades.
What is the minimum deposit for Exness accounts?
The minimum deposit for a Standard Account is just $1, while the Raw Spread and Zero Accounts require $200.
Can I use Exness on mobile?
Yes, Exness offers mobile apps for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), so you can trade anywhere at any time.
What is the leverage offered by Exness?
Exness offers leverage of up to 1:2000, allowing traders to control larger positions with a smaller capital.
What are the commission fees for Exness accounts?
Commission fees vary depending on the account type. The Raw Spread and Zero Accounts have a commission of $3.5 per side per lot, while the Standard and Pro Accounts typically do not have commission fees, but may charge a small commission on Pro Accounts.
