8 minute read
What is Standard Account in Exness? A Simple Guide for Traders
from Exness
by Exness_Blog
If you’re diving into the world of forex trading and wondering, “What is a Standard Account in Exness?”—you’ve landed in the right place. A Standard Account in Exness is a versatile, beginner-friendly trading account designed for both newbies and seasoned traders who want a straightforward, cost-effective way to trade forex, metals, cryptocurrencies, and more. It’s commission-free, has a low minimum deposit (starting at just $10), and offers competitive spreads from 0.2 pips, making it an excellent choice for those looking to start trading without breaking the bank.
In this article, I’ll break down everything you need to know about the Exness Standard Account, from its key features and benefits to how it compares to other account types and why it’s a solid pick for your trading journey. Let’s get started!
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Why Choose the Exness Standard Account?
The Exness Standard Account stands out for its simplicity and accessibility. Whether you’re just starting out or you’ve been trading for a while, this account offers a balanced mix of features that cater to a wide range of trading styles. Here’s why it’s so popular:
Low Minimum Deposit: You can open a Standard Account with as little as $10 (depending on your payment method). This makes it super accessible for beginners who don’t want to risk a lot of capital upfront.
No Commissions: Unlike some professional accounts, the Standard Account is commission-free. Your trading costs are built into the spreads, so you don’t have to worry about extra fees eating into your profits.
Competitive Spreads: Spreads start from 0.2 pips, which is pretty tight for a commission-free account. This keeps your trading costs low, especially for major currency pairs like EUR/USD.
High Leverage: Exness offers leverage up to 1:2000 (subject to regional regulations). This means you can control larger positions with smaller capital, but be careful—high leverage can amplify both profits and losses.
Wide Range of Instruments: You get access to over 120 trading instruments, including forex pairs, metals, cryptocurrencies, indices, and energies. This variety lets you diversify your portfolio easily.
User-Friendly Platforms: The Standard Account supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular trading platforms in the world, known for their reliability and advanced tools.
Whether you’re trading casually or aiming to scale up, the Standard Account offers flexibility without overwhelming you with complexity.
How Does the Standard Account Compare to the Standard Cent Account?
Exness offers two types of Standard Accounts: the Standard Account and the Standard Cent Account. While they share many similarities, there’s a key difference that makes each one suited to different traders.
The Standard Account is ideal for traders who are comfortable trading in standard lots (1.0 lots) and want access to a broad range of instruments. It’s perfect for those with some experience or those ready to trade larger positions. On the other hand, the Standard Cent Account is tailored for beginners or traders who want to start small. It uses cent lots (0.01 lot = 1,000 cents), which significantly reduces risk. For example, if you deposit $10, your balance shows as 1,000 USC (US cents), making it easier to practice with smaller trade sizes.
Both accounts have:
No commissions
Spreads starting from 0.3 pips
A minimum deposit of $10 (depending on the payment method)
Access to MT4 (the Standard Account also supports MT5)
If you’re just starting out or want to test strategies with minimal risk, the Standard Cent Account is a better fit. But if you’re ready to trade larger volumes and want more instrument options, the Standard Account is the way to go.
Key Features of the Exness Standard Account
Let’s dive deeper into what makes the Standard Account tick:
Low Entry Barrier: With a minimum deposit of $10, you don’t need a huge budget to start trading. This is great for beginners or anyone testing the waters.
Market Execution: Trades are executed at the best available price with no requotes, ensuring fast and reliable order execution—crucial during volatile market conditions.
Flexible Leverage: Leverage up to 1:2000 gives you the power to maximize your positions, but always use it wisely to manage risk. Beginners should stick to lower ratios like 1:100 until they’re confident.
No Hidden Fees: The commission-free structure means your costs are predictable, built into the spreads. This is a big plus for traders who want transparency.
Wide Instrument Variety: From major forex pairs to cryptocurrencies like Bitcoin and Ethereum, you can trade a diverse range of assets to suit your strategy.
Fast Withdrawals: Exness is known for its lightning-fast withdrawals, with over 98% processed instantly (within 1 minute). This means you can access your funds quickly when needed.
These features make the Standard Account a great all-rounder, whether you’re day trading, swing trading, or just exploring the markets.
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Who Should Use the Exness Standard Account?
The Standard Account is designed for:
Beginners: Its low deposit and commission-free structure make it easy to start trading without feeling overwhelmed.
Intermediate Traders: If you’ve got some experience and want to trade larger positions or diversify across asset classes, this account offers the flexibility you need.
Swing Traders: The competitive spreads and no-commission model are ideal for traders who hold positions for days or weeks, as you save on fees compared to high-frequency trading accounts.
If you’re a scalper or high-frequency trader, you might want to consider Exness’s Professional Accounts (like Raw Spread or Zero), which offer tighter spreads but come with commissions and higher minimum deposits ($200).
How to Open a Standard Account with Exness
Getting started with a Standard Account is quick and easy. Here’s a step-by-step guide:
Visit the Exness Website or App: Head to www.exness.com or download the Exness mobile app.
Sign Up: Click “Open Account” or “Sign Up” and fill in your details (name, email, phone number).
Verify Your Identity: Upload a government-issued ID and proof of residency to comply with KYC regulations. This step is mandatory for live trading.
Choose the Standard Account: In your Personal Area (PA), select the Standard Account option.
Deposit Funds: Fund your account with as little as $10 using bank cards, e-wallets, or other payment methods available in your region.
Start Trading: Download MT4 or MT5, log in with your account details, and you’re ready to trade!
Pro tip: Before going live, practice on a demo account to get comfortable with the platform and test your strategies risk-free.
Tips for Success with the Exness Standard Account
To make the most of your Standard Account, keep these tips in mind:
Start Small: If you’re new, use conservative leverage and small position sizes to minimize risk while you learn.
Set Stop-Loss Orders: Protect your capital by setting stop-loss orders for every trade to limit potential losses.
Practice Risk Management: Don’t risk more than 1-2% of your account balance on a single trade. This helps you stay in the game longer.
Diversify Your Trades: Take advantage of the wide range of instruments to spread your risk across forex, metals, and crypto.
Use a Demo Account First: Exness offers a demo account with $10,000 in virtual funds. It’s a great way to test the Standard Account’s features without risking real money.
Standard Account vs. Professional Accounts: What’s the Difference?
Exness also offers Professional Accounts (Pro, Raw Spread, and Zero) for experienced traders. Here’s a quick comparison:
Minimum Deposit: Standard Account ($10) vs. Professional Accounts ($200).
Spreads: Standard Account (from 0.2 pips) vs. Professional Accounts (from 0.0 pips for Raw Spread and Zero).
Commissions: Standard Account (none) vs. Professional Accounts (commissions apply for Raw Spread and Zero).
Execution: Standard Account (market execution) vs. Pro Account (instant execution).
If you’re a beginner or prefer low-cost trading, the Standard Account is the better choice. Professional Accounts are better for scalpers or traders who need ultra-tight spreads and are okay with paying commissions.
Why Exness Stands Out
Exness isn’t just about the Standard Account—it’s a trusted broker with a solid reputation. Regulated by multiple authorities (like CySEC, FCA, and FSCA), it offers negative balance protection, fast withdrawals, and a user-friendly experience. Plus, Exness provides Islamic swap-free accounts for traders following Sharia law, making it inclusive for all.
Final Thoughts: Is the Standard Account Right for You?
The Exness Standard Account is a fantastic option if you’re looking for a low-cost, flexible, and beginner-friendly way to trade forex and other assets. With a minimum deposit of just $10, no commissions, and access to powerful platforms like MT4 and MT5, it’s hard to go wrong. Whether you’re just starting out or scaling up your trading, this account offers the tools and conditions to support your goals.
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