10 minute read
How to Upgrade from Demo to Standard Account in Exness
from Exness
by Exness_Blog
The world of forex trading can be both exciting and overwhelming, especially for beginners. Platforms like Exness provide a risk-free way to dip your toes into trading through demo accounts, allowing you to practice strategies without financial risk. However, once you’ve honed your skills and gained confidence, upgrading to a Standard Account is the natural next step to start trading with real money. In this comprehensive guide, we’ll walk you through the process of upgrading from a demo to a Standard Account on Exness, covering everything from account setup to tips for a smooth transition. Whether you’re a novice or an experienced trader, this article will equip you with the knowledge to take your trading journey to the next level.
💥 Trade with Exness now: Open An Account or Visit Brokers 🏆
What Is a Demo Account on Exness?
Before diving into the upgrade process, let’s clarify what a demo account is and why it’s valuable. A demo account on Exness is a simulated trading environment that mimics real market conditions. It comes pre-funded with virtual funds (typically $10,000) and allows you to:
· Practice trading forex, commodities, indices, and cryptocurrencies without risking real money.
· Test trading strategies like scalping, day trading, or swing trading.
· Familiarize yourself with Exness’ trading platforms, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), or the Exness WebTerminal.
· Build confidence and understand market dynamics.
Exness demo accounts are available for most account types, except the Standard Cent account, and provide access to the same tools, spreads, and leverage options as real accounts. However, to start trading with real funds and potentially earn profits, you’ll need to upgrade to a live account, such as the Exness Standard Account.
Why Upgrade to a Standard Account?
The Exness Standard Account is one of the most popular account types for beginners and intermediate traders due to its accessibility and favorable trading conditions. Here are some reasons to upgrade:
· Low Minimum Deposit: The Standard Account requires a minimum deposit as low as $1 (depending on the payment method and region), making it accessible for new traders.
· Competitive Spreads: Enjoy tight spreads without commissions, ideal for frequent trading.
· Flexible Leverage: Exness offers leverage up to 1:2000 (or unlimited in some cases), allowing you to control larger positions with smaller capital.
· Versatile Trading Instruments: Trade a wide range of assets, including forex pairs, metals, cryptocurrencies, and indices.
· Real Profits: Unlike a demo account, trading with a Standard Account allows you to earn real profits that can be withdrawn.
Upgrading to a Standard Account is a significant step toward becoming a serious trader, but it requires preparation and understanding of the process. Let’s explore how to make this transition seamlessly.
Step-by-Step Guide to Upgrading from Demo to Standard Account
Exness makes the process of upgrading from a demo to a Standard Account straightforward. Below is a detailed, step-by-step guide to help you navigate the transition.
Step 1: Register or Log In to Your Exness Personal Area
If you’ve been using a demo account, you likely already have an Exness Personal Area (PA). The Personal Area is your dashboard for managing accounts, deposits, withdrawals, and more. Here’s how to get started:
· Visit the Exness Website: Go to the official Exness website: Open An Account or Visit Brokers 🏆
· Log In: Use your registered email address and password to access your Personal Area. If you don’t have an account, click “Sign Up” and complete the registration form with your email, phone number, and personal details.
· Verify Your Account: For live trading, Exness requires full verification, including Proof of Identity (POI) and Proof of Residence (POR). Upload a government-issued ID (e.g., passport or driver’s license) and a utility bill or bank statement. Verification typically takes a few minutes but may require up to 24 hours for manual checks.
Pro Tip: Complete the verification process early to avoid delays when funding or withdrawing from your Standard Account.
Step 2: Navigate to the “Accounts” Section
Once logged in, locate the “Accounts” tab in your Personal Area. This section displays all your existing accounts, including your demo account(s). By default, Exness creates both a demo and a real Standard MT5 account upon registration, but you may need to activate or open a new Standard Account if you haven’t already.
Step 3: Open a New Standard Account
To open a Standard Account, follow these steps:
· Click “Open New Account”: In the “Accounts” section, select the option to create a new account.
· Choose Account Type: Select “Standard” from the list of account types. Exness also offers other options like Pro, Raw Spread, or Zero accounts, but the Standard Account is ideal for most beginners.
· Select Trading Platform: Choose between MetaTrader 4 (MT4) or MetaTrader 5 (MT5). MT5 is more advanced and supports additional asset classes, while MT4 is simpler and widely used.
· Set Account Parameters:
Currency: Choose your preferred account currency (e.g., USD, EUR).
Leverage: Select a leverage level (e.g., 1:100, 1:500, or higher). Be cautious with high leverage, as it increases both potential profits and risks.
Nickname: Assign a name to your account for easy identification.
Trading Password: Create a secure password for trading platform access.
Click “Create an Account”: Your new Standard Account will appear in the “Accounts” tab.
Step 4: Fund Your Standard Account
Unlike a demo account, a Standard Account requires real funds to start trading. Exness offers a variety of payment methods, including bank cards, e-wallets (e.g., Skrill, Neteller), and cryptocurrency. To deposit funds:
· Go to the Deposit Section: In your Personal Area, navigate to the “Deposit” tab.
· Select Payment Method: Choose a method that suits your region and preferences. Check for any minimum deposit requirements or fees.
· Enter Deposit Amount: Start with a small amount (e.g., $10–$100) to get comfortable with live trading.
· Complete the Transaction: Follow the prompts to finalize the deposit. Funds typically reflect in your account within minutes, depending on the payment method.
Note: Exness processes over 98% of withdrawals instantly, ensuring quick access to your funds when needed.
Step 5: Download and Log In to the Trading Platform
To start trading, you’ll need to access your Standard Account via a trading platform. Exness supports multiple platforms:
· MetaTrader 4 (MT4): Ideal for forex-focused traders with a user-friendly interface.
· MetaTrader 5 (MT5): Offers advanced features, including more timeframes and asset classes.
· Exness WebTerminal: A browser-based platform requiring no downloads.
· Exness Trader App: A mobile app for trading on the go.
Download your preferred platform from the Exness website or app store. Log in using the account number, trading password, and server name provided in your Personal Area.
Step 6: Place Your First Trade
With your Standard Account funded and platform set up, you’re ready to trade. Here’s a quick guide to placing your first trade:
· Select a Trading Instrument: Choose from forex pairs (e.g., EUR/USD), commodities (e.g., gold), or other assets.
· Open a New Order: Click “New Order” in the platform, set your trade size (lot size), and configure Stop Loss (SL) and Take Profit (TP) levels.
· Execute the Trade: Click “Buy” or “Sell” based on your market analysis.
· Monitor Your Trade: Use the platform’s tools to track performance, adjust positions, or close trades.
Pro Tip: Start with small trades and low leverage to minimize risks while you adapt to live trading.
Tips for a Smooth Transition from Demo to Standard Account
Moving from a demo to a live account can be daunting due to the psychological and financial differences. Here are some tips to ensure a successful transition:
1. Treat Your Demo Account Like a Real Account
While practicing on your demo account, adopt the same discipline and risk management strategies you plan to use in live trading. For example:
· Use realistic virtual deposit amounts (e.g., $1,000 instead of $100,000).
· Set Stop Loss and Take Profit levels for every trade.
· Avoid reckless trading behaviors that you wouldn’t replicate with real money.
2. Develop a Trading Plan
A solid trading plan outlines your goals, risk tolerance, and strategies. Before upgrading, ensure your plan includes:
· Risk Management: Limit each trade to 1–2% of your account balance to protect against losses.
· Trading Style: Decide whether you’ll focus on scalping, day trading, or swing trading.
· Analysis Tools: Use technical indicators (e.g., Moving Averages, RSI) and economic calendars to inform your trades.
3. Start Small
Live trading introduces emotional factors like fear and greed, which don’t exist in demo trading. Begin with a small deposit and low-risk trades to build confidence and adapt to these psychological challenges.
4. Leverage Exness’ Educational Resources
Exness offers a wealth of educational content, including webinars, tutorials, and market analysis. Take advantage of these resources to deepen your understanding of trading and stay updated on market trends.
5. Practice Risk Management
Use tools like Stop Loss and Take Profit to manage risks effectively. Exness also provides a Stop Out Protection feature to help delay or avoid account stop-outs during volatile market conditions.
6. Monitor and Analyze Your Performance
Regularly review your trading history in the platform’s reporting tools. Identify patterns in your wins and losses to refine your strategies and improve decision-making.
Common Challenges and How to Overcome Them
Upgrading to a Standard Account may come with challenges. Here’s how to address common issues:
· Verification Delays: Ensure your documents are clear and match your registered details. Contact Exness support if verification takes longer than expected.
· Emotional Trading: Practice mindfulness and stick to your trading plan to avoid impulsive decisions driven by fear or greed.
· Technical Issues: If you encounter login or platform issues, double-check your credentials and server name. Exness’ 24/7 customer support is available via live chat, email, or phone.
· Market Volatility: Start trading during less volatile sessions (e.g., Asian session for forex) to minimize risks while you adjust to live conditions.
Why Choose Exness for Your Standard Account?
Exness stands out as a trusted broker for traders worldwide, offering:
· Regulation and Security: Regulated by authorities like the FCA, CySEC, and FSC, ensuring a safe trading environment.
· Fast Execution: Orders are executed in milliseconds, minimizing slippage.
· Low Spreads: Competitive spreads on major forex pairs and other instruments.
· User-Friendly Platforms: Access MT4, MT5, WebTerminal, and the Exness Trader App.
· 24/7 Support: Multilingual customer support for prompt assistance.
With over 800,000 active traders and a reputation for transparency, Exness is an excellent choice for upgrading to a Standard Account.
Conclusion
Upgrading from a demo to a Standard Account on Exness is a pivotal step in your trading journey, marking the transition from practice to real-world trading. By following the steps outlined in this guide—registering, verifying, opening a Standard Account, funding it, and placing your first trade—you can make the switch with confidence. Combine this with disciplined trading practices, risk management, and Exness’ robust tools and resources to maximize your success.
Ready to take the leap? Log in to your Exness Personal Area today, open a Standard Account, and start trading with real funds. With preparation and the right mindset, you’ll be well on your way to achieving your trading goals.
💥 Note: To enjoy the benefits of the partner code, such as trading fee rebates, you need to register with Exness through this link: Open An Account or Visit Brokers 🏆
Read more:
