10 minute read
How Many Accounts Does Exness Allow? A Comprehensive Guide
from Exness
by Exness_Blog
Exness, a globally recognized multi-asset broker, has become a go-to platform for traders worldwide due to its competitive trading conditions, user-friendly interface, and robust security measures. One of the most common questions among new and experienced traders is, "How many accounts does Exness allow?" This article will dive deep into Exness’s account policies, account types, and everything you need to know to maximize your trading experience. Whether you're a beginner exploring forex trading or a seasoned professional looking to optimize your strategies, understanding Exness’s account structure is crucial.
💥 Trade with Exness now: Open An Account or Visit Brokers 🏆
What Is Exness?
Exness is a leading online trading platform established in 2008, catering to traders across the globe with access to forex, commodities, cryptocurrencies, stocks, indices, and metals. Known for its transparency, low spreads, and instant withdrawal processing, Exness has earned the trust of over one million traders and 100,000 partners. The broker operates under stringent regulations from multiple authorities, including the Financial Services Authority (FSA) in Seychelles, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Cyprus Securities and Exchange Commission (CySEC), ensuring a secure trading environment.
With its commitment to providing flexible trading solutions, Exness offers a variety of account types tailored to different trading styles and experience levels. But how many accounts can you open, and what are the rules governing them? Let’s explore.
Exness Account Policy: How Many Accounts Are Allowed?
Exness has a clear and structured policy regarding the number of accounts a trader can open. According to the Exness Help Center, a single user is allowed to register only one Personal Area per email address. This means you cannot create multiple Personal Areas using the same email. However, within one Personal Area, you can create multiple trading accounts to suit your needs.
Here’s a breakdown of the key points:
One Personal Area per Email: Each trader must use a unique email address to register a Personal Area. If you attempt to register multiple Personal Areas with the same email, Exness will not allow it. To create additional Personal Areas, you’ll need to use a different email address for each.
Multiple Trading Accounts per Personal Area: Within a single Personal Area, you can open multiple trading accounts, both demo and real, across various account types and trading platforms (MetaTrader 4 or MetaTrader 5).
No Limit on Trading Accounts: Exness does not explicitly state a maximum number of trading accounts you can open within a Personal Area. This flexibility allows traders to create accounts for different strategies, asset classes, or testing purposes.
For example, you could have a Standard account for forex trading, a Pro account for low-spread trading, and a demo account for testing strategies—all under one Personal Area. This setup is particularly useful for traders who want to diversify their trading approaches without needing multiple Personal Areas.
Types of Exness Accounts
Exness offers five distinct account types, categorized into two groups: Standard Accounts and Professional Accounts. Each account type is designed to cater to specific trading preferences, experience levels, and risk appetites. Here’s a closer look at the available options:
1. Standard Accounts
Standard accounts are ideal for both beginners and experienced traders due to their simplicity and competitive trading conditions.
Standard Account:
Features: No commission fees, stable spreads starting at 1 pip for major currency pairs like EUR/USD, and access to over 120 trading instruments, including forex, metals, energies, stocks, indices, and cryptocurrencies.
Best For: Traders of all levels who prefer a straightforward trading experience with no commission costs.
Minimum Deposit: No minimum deposit requirement, though payment providers may impose their own minimum transaction amounts.
Standard Cent Account:
Features: Designed for beginners, this account allows trading in cent lots, enabling smaller trade sizes to test strategies with minimal risk. It offers stable spreads, no commissions, and up to 36 trading instruments.
Best For: New traders looking to practice with smaller volumes.
2. Professional Accounts
Professional accounts are tailored for experienced traders who require advanced features, lower spreads, and market execution.
Pro Account:
Features: Offers instant and market execution, low spreads starting at 0.1 pip, and no limits on the number of open orders. It’s suitable for scalping and high-frequency trading.
Best For: Seasoned traders who need flexibility and low trading costs.
Zero Account:
Features: Provides zero spreads on the top 30 instruments for 95% of the trading day, with a fixed commission per lot. It uses market execution and is ideal for expert advisors (EAs).
Best For: Traders using automated trading systems or those who prioritize ultra-low spreads.
Raw Spread Account:
Features: Features ultra-low, stable spreads with a fixed commission per lot, market execution, and no position limits.
Best For: Experienced traders who want the tightest spreads and are comfortable paying a commission.
Demo Accounts: Practice Without Risk
In addition to real trading accounts, Exness allows traders to open demo accounts within their Personal Area. These accounts come with virtual funds (e.g., $10,000 upon creation) and are perfect for testing strategies, exploring the platform, or practicing trading without financial risk. Like real accounts, there is no explicit limit on the number of demo accounts you can create within a Personal Area, making them a valuable tool for traders at all levels.
💥 Trade with Exness now: Open An Account or Visit Brokers 🏆
Why Open Multiple Accounts with Exness?
Opening multiple trading accounts within a single Personal Area offers several advantages:
Strategy Diversification: Traders can use different accounts for different trading strategies. For example, you might use a Standard account for long-term forex trades and a Pro account for scalping.
Asset Class Separation: You can dedicate separate accounts to different asset classes, such as forex, cryptocurrencies, or commodities, to better manage your portfolio.
Risk Management: By spreading your capital across multiple accounts, you can limit the risk exposure of any single account.
Testing and Learning: Demo accounts allow you to experiment with new strategies or trading platforms (MT4 or MT5) without risking real money.
Customized Trading Conditions: Different account types offer varying spreads, commissions, and execution types, allowing you to tailor your trading environment to your preferences.
How to Create Multiple Accounts with Exness
Creating additional trading accounts within your Exness Personal Area is a straightforward process. Here’s a step-by-step guide:
Log into Your Personal Area: Visit the Exness website or app and log into your Personal Area using your registered email and password.
Navigate to My Accounts: In the Personal Area, find the “My Accounts” tab.
Select “Create New Account”: Click on the option to create a new trading account.
Choose Account Type: Select the desired account type (Standard, Standard Cent, Pro, Zero, or Raw Spread) and trading platform (MT4 or MT5).
Set Account Details: Choose your preferred currency, leverage, and account nickname. Set a strong password for the account.
Complete the Process: Click “Done” to finalize the creation of your new trading account.
After creating the account, you’ll need to verify your identity by submitting Proof of Identity (POI) and Proof of Residence (POR) documents. Verification typically takes a few minutes but may require up to 24 hours for manual checks.
Account Currency and Flexibility
Each trading account within your Personal Area can have a different currency, such as USD, EUR, or others, depending on availability. However, once an account’s currency is set, it cannot be changed. To use a different currency, you’ll need to create a new trading account with the desired currency. This flexibility allows traders to manage funds in their preferred currency, which is particularly useful for international traders.
Security and Verification for Multiple Accounts
Exness places a strong emphasis on security, requiring all traders to verify their accounts to access full functionality, such as deposits and trading. When managing multiple accounts, ensure the following:
Unique Email for Each Personal Area: If you create additional Personal Areas, each must be linked to a unique email address.
Document Verification: Submit clear, valid POI and POR documents (e.g., passport, utility bill) in PNG, JPEG, or PDF format, not exceeding 15 MB.
Account Security: Exness employs advanced security measures, including multi-factor authentication, segregated client funds, and 3D Secure payments, to protect your accounts.
Failure to verify your account may limit access to essential features, such as depositing funds or executing trades. Always ensure your documents are up-to-date to avoid delays.
Exness Account Limits and Restrictions
While Exness allows flexibility in creating multiple trading accounts, there are some restrictions to be aware of:
One Personal Area per Email: As mentioned, you cannot register multiple Personal Areas with the same email address.
Regional Restrictions: Exness does not accept clients from certain regions, including the United States, the United Kingdom, and the European Union, due to regulatory constraints.
Leverage Limits: While Exness offers unlimited leverage for accounts with equity below $1,000, higher equity levels impose leverage caps (e.g., 1:2000 for equity up to $4,999). You must close at least 10 trades to access unlimited leverage.
Payment Restrictions: Deposits and withdrawals must be made using payment methods registered in your name. Third-party payments are not allowed.
Benefits of Trading with Exness
Exness’s account flexibility is just one of many reasons traders choose the platform. Here are some additional benefits:
Instant Withdrawals: Over 98% of withdrawals are processed instantly (within one minute), with no fees charged by Exness.
Competitive Spreads: Exness offers some of the tightest spreads in the industry, especially on Pro, Zero, and Raw Spread accounts.
Stop Out Protection: A unique feature that delays or prevents stop outs, helping traders manage risk.
Wide Range of Instruments: Trade over 200 CFDs, including forex, metals, cryptocurrencies, stocks, indices, and energies.
Robust Platforms: Access MetaTrader 4, MetaTrader 5, and the Exness Terminal for seamless trading on web, mobile, or desktop.
Tips for Managing Multiple Exness Accounts
To make the most of multiple accounts, consider these tips:
Organize Your Accounts: Assign specific purposes to each account (e.g., one for forex, another for crypto) to streamline your trading.
Use Demo Accounts: Test new strategies or account types on demo accounts before committing real funds.
Monitor Leverage: Be cautious with high leverage, as it increases both potential profits and risks.
Stay Verified: Ensure all accounts are fully verified to avoid restrictions on trading or withdrawals.
Leverage Analytical Tools: Use Exness’s built-in tools, such as the Economic Calendar and technical indicators on MT4/MT5, to inform your trading decisions.
Conclusion
Exness offers traders significant flexibility when it comes to account creation. While you’re limited to one Personal Area per email address, you can create multiple trading accounts—both real and demo—within a single Personal Area to suit your trading goals. With five account types (Standard, Standard Cent, Pro, Zero, and Raw Spread), Exness caters to traders of all experience levels, offering competitive conditions, robust security, and a wide range of trading instruments.
Whether you’re diversifying strategies, managing risk, or testing new approaches, Exness’s account structure provides the tools you need to succeed. By understanding the platform’s policies and leveraging its features, you can optimize your trading experience and take full advantage of what Exness has to offer.
💥 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:
