6 minute read
What is the best account to open on Exness?
from Exness
by Exness_Blog
Choosing the best account to open on Exness depends on your trading experience, goals, and risk tolerance. Exness offers five main account types—Standard, Standard Cent, Raw Spread, Zero, and Pro—each designed to cater to different trader needs, from beginners to seasoned professionals. This article breaks down each account type, their features, and who they’re best suited for to help you make an informed decision.
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Why Choose Exness for Trading?
Exness is a globally recognized forex and CFD broker, regulated by authorities like the FSA, CySEC, FCA, and FSCA, ensuring a secure trading environment. With competitive spreads, flexible leverage up to 1:2000, and user-friendly platforms like MetaTrader 4, MetaTrader 5, and a proprietary Web Terminal, Exness is a top choice for traders worldwide. Its account types are tailored to various trading styles, making it essential to pick the one that aligns with your strategy.
Exness Account Types: A Quick Overview
Exness provides five account types, split into two categories: Standard and Professional. Here’s a snapshot of each:
Standard Account: Ideal for beginners, commission-free with a $1 minimum deposit.
Standard Cent Account: Perfect for new traders, allowing micro-lot trading with minimal risk.
Raw Spread Account: Offers tight spreads from 0.0 pips with a low commission, suited for high-frequency traders.
Zero Account: Features zero spreads on top instruments with a commission, great for scalping.
Pro Account: Provides instant execution and no commission, designed for experienced traders.
Let’s dive into each account to understand which one suits you best.
1. Standard Account: Best for Beginners
The Standard Account is Exness’s most popular option for new traders due to its simplicity and affordability. With a minimum deposit of just $1, it’s accessible to anyone looking to start trading without a large initial investment. This account is commission-free, meaning you only deal with spreads, which are slightly wider compared to professional accounts but still competitive.
Key Features:
Minimum Deposit: $1
Spreads: From 0.3 pips (variable)
Commission: None
Leverage: Up to 1:2000
Instruments: Forex, metals, energies, indices, stocks, cryptocurrencies
Execution: Market execution
Who It’s For:
The Standard Account is perfect for beginners or casual traders who want to test the waters with minimal risk. It supports trading major currency pairs, metals, and energies, making it versatile for learning the basics. However, the wider spreads may not suit high-volume traders.
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2. Standard Cent Account: Ideal for Risk-Averse Newbies
The Standard Cent Account is designed for traders who want to practice with real money but keep risks low. It allows trading in micro-lots (cents), so you can trade smaller amounts without significant financial exposure. Like the Standard Account, it requires a $1 minimum deposit and has no commission.
Key Features:
Minimum Deposit: $1
Spreads: From 0.3 pips (variable)
Commission: None
Leverage: Up to 1:2000
Instruments: Limited to forex and metals
Execution: Market execution
Who It’s For:
This account is best for absolute beginners or those testing new strategies. The micro-lot trading feature minimizes losses, making it a safe choice for learning. Experienced traders may also use it to test Expert Advisors (EAs) in a live environment with minimal capital. However, the limited instrument range may feel restrictive for diversified trading.
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3. Raw Spread Account: Best for High-Frequency Traders
The Raw Spread Account offers direct access to interbank market prices with minimal markups, making it ideal for scalpers and high-frequency traders. It combines tight spreads (from 0.0 pips) with a low commission of up to $3.5 per lot per side.
Key Features:
Minimum Deposit: $200
Spreads: From 0.0 pips
Commission: Up to $3.5 per lot per side
Leverage: Up to 1:2000
Instruments: Forex, metals, energies, indices, stocks, cryptocurrencies
Execution: Market execution
Who It’s For:
This account suits active traders who prioritize low spreads and fast execution. It’s particularly effective for scalping or day trading strategies where small price movements matter. The higher minimum deposit and commission make it less suitable for beginners with limited capital.
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4. Zero Account: Perfect for Scalping
The Zero Account is tailored for traders who want zero spreads on top instruments for 95% of the trading day. It charges a commission, typically higher than the Raw Spread Account, but the absence of spreads on major pairs makes it cost-effective for specific strategies.
Key Features:
Minimum Deposit: $200
Spreads: 0.0 pips on top instruments
Commission: Varies by instrument (higher than Raw Spread)
Leverage: Up to 1:2000
Instruments: Forex, metals, energies, indices, stocks, cryptocurrencies
Execution: Market execution
Who It’s For:
The Zero Account is ideal for scalpers and traders focusing on major currency pairs where zero spreads can maximize profits. It’s not recommended for beginners due to the higher minimum deposit and commission structure.
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5. Pro Account: Best for Experienced Traders
The Pro Account offers instant execution with no commission, making it a favorite among experienced traders who need precise order fills, especially during volatile markets. It balances tight spreads with advanced features, catering to professionals.
Key Features:
Minimum Deposit: $200
Spreads: From 0.1 pips
Commission: None
Leverage: Up to 1:2000
Instruments: Forex, metals, energies, indices, stocks, cryptocurrencies
Execution: Instant execution
Extras: Dedicated support, exclusive educational resources
Who It’s For:
The Pro Account is designed for seasoned traders who value speed and precision. Its instant execution model suits those trading in fast-moving markets, such as during news releases. The $200 minimum deposit makes it less accessible for beginners, but the lack of commission is a plus accorgato per professionisti.
How to Choose the Best Exness Account for You
To select the best Exness account, consider the following factors:
1. Trading Experience:
Beginners: Standard or Standard Cent accounts are low-risk and affordable.
Intermediate/Advanced: Raw Spread, Zero, or Pro accounts offer tighter spreads and advanced features.
2. Trading Style:
Scalping/Day Trading: Raw Spread or Zero accounts for low or no spreads.
Swing Trading/Hedging: Pro Account for instant execution and flexibility.
Practice/Low Risk: Standard Cent for micro-lot trading.
3. Capital:
Limited Budget: Standard or Standard Cent ($1 minimum deposit).
Higher Budget: Raw Spread, Zero, or Pro ($200 minimum deposit).
4. Risk Tolerance:
Low Risk: Standard Cent for minimal exposure.
High Risk: Professional accounts with high leverage for larger positions.
5. Instruments:
Diversified Trading: Raw Spread, Zero, or Pro for access to all instruments.
Forex/Metals Focus: Standard Cent is sufficient.
Additional Tips for Success on Exness
Try a Demo Account: Exness offers demo accounts for all account types, allowing you to test features risk-free.
Leverage Management: High leverage (1:2000) can amplify profits but also losses. Use it wisely.
Monitor Spreads: Spreads fluctuate due to market volatility, news releases, or trading hours. Check Exness’s spread data for transparency.
Use Tools: Exness provides calculators for swap fees, margin, and leverage to optimize your strategy.
Stay Informed: Exness notifies users of margin requirement changes during news releases or holidays.
Conclusion: Which Exness Account Is Best for You?
Beginners: Start with the Standard Account or Standard Cent Account for low-risk, commission-free trading with a $1 minimum deposit.
Scalpers/Day Traders: Choose the Raw Spread Account or Zero Account for tight or zero spreads and fast execution.
Experienced Traders: Opt for the Pro Account for instant execution, no commission, and advanced features.
Ultimately, the best account depends on your trading goals, experience, and capital. Use Exness’s demo accounts to test your choice before committing real funds. Open your Exness account today and start trading with confidence.
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