9 minute read
Can I Open Multiple Exness Accounts? A Comprehensive Guide
from Exness
by Exness_Blog
Exness is a globally recognized forex and CFD broker, known for its competitive trading conditions, low spreads, and user-friendly platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). As a trader, you may wonder, “Can I open multiple Exness accounts?” Whether you’re a beginner exploring demo accounts or a professional managing diverse trading strategies, the ability to open multiple accounts can significantly impact your trading experience. This article answers the question in detail, covering Exness policies, benefits, limitations, and practical steps to manage multiple accounts effectively. Let’s dive in!
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Understanding Exness and Its Account Structure
Before addressing whether you can open multiple Exness accounts, let’s briefly explore what makes Exness a preferred choice for traders worldwide. Established in 2008, Exness is regulated by top-tier authorities like the FCA (UK), CySEC (Cyprus), and FSCA (South Africa). It offers a range of account types, including Standard, Pro, Raw Spread, Zero, and Standard Cent, catering to both novice and experienced traders. These accounts support various trading styles, such as scalping, swing trading, and automated trading with Expert Advisors (EAs).
Exness also provides access to multiple financial instruments, including forex, cryptocurrencies, metals, and stocks. Its platforms, MT4, MT5, and the proprietary Exness Trader app, are designed for seamless trading across devices. With this flexibility, many traders seek to open multiple accounts to diversify their strategies or manage risk effectively.
Can You Open Multiple Exness Accounts?
The short answer is yes, you can open multiple Exness accounts, but there are specific rules and limitations to understand. According to Exness’ official policies, traders can create multiple trading accounts within a single Personal Area (PA), but each Personal Area requires a unique email address. You cannot register multiple Personal Areas with the same email. However, you can open up to 100 trading accounts per account type (excluding Standard Cent) for both MT4 and MT5, covering real and demo accounts.
Additionally, Exness allows you to open multiple accounts using the same personal details and IP address, making it convenient for traders to manage various accounts from a single device. This flexibility is particularly useful for traders who want to test different strategies, trade multiple asset classes, or separate their trading activities for better organization.
Why Would You Want Multiple Exness Accounts?
Opening multiple Exness accounts can serve various purposes, depending on your trading goals. Here are some common reasons traders opt for multiple accounts:
1. Diversifying Trading Strategies
Different trading strategies, such as scalping, day trading, or long-term investing, often require specific account types with tailored conditions. For example:
A Standard Account is ideal for beginners due to its low minimum deposit and simple conditions.
A Raw Spread or Zero Account suits scalpers and high-frequency traders who need ultra-low spreads.
A Pro Account is designed for professionals handling high trading volumes.
By opening multiple accounts, you can assign each account to a specific strategy, ensuring optimal trading conditions for each approach.
2. Risk Management
Trading with real money carries inherent risks. Having multiple accounts allows you to spread your capital across different accounts, reducing the risk of losing everything in a single trade. For instance, you might use one account for high-risk, high-leverage trades and another for conservative, long-term positions.
3. Testing and Learning
Exness offers up to 200 demo accounts per Personal Area, which is perfect for testing new strategies, practicing trading skills, or experimenting with Expert Advisors (EAs) without risking real money. Demo accounts replicate real market conditions, making them a valuable tool for beginners and experienced traders alike.
4. Trading Rare Currency Pairs
Some traders specialize in exotic currency pairs, which may have varying spreads across brokers. By maintaining multiple accounts, you can compare spreads and trade conditions for specific pairs, ensuring you get the best possible deal.
5. Managing Multiple Clients
If you’re an account manager or signal provider, Exness’ MultiTerminal platform allows you to manage up to 128 real accounts or 10 demo accounts simultaneously on MT4. This is particularly useful for professionals handling multiple clients’ portfolios.
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Exness Account Types: Which Ones Can You Open?
Exness offers five main account types, each designed for specific trading needs. Understanding these options is crucial when deciding how to structure your multiple accounts:
Standard Account: Best for beginners, with low minimum deposits and no commission fees.
Standard Cent Account: Ideal for new traders transitioning from demo to real trading, allowing small trades with minimal risk.
Pro Account: Suited for experienced traders, offering instant execution and competitive spreads.
Raw Spread Account: Provides low spreads with a fixed commission, perfect for scalpers.
Zero Account: Offers zero spreads on major currency pairs, ideal for high-volume traders.
You can open multiple accounts of each type within the same Personal Area, allowing you to tailor your trading environment to your needs.
How to Open Multiple Exness Accounts
Opening multiple Exness accounts is straightforward and can be done through the Exness Personal Area. Here’s a step-by-step guide:
Step 1: Register a Personal Area
Visit the official Exness website (www.exness.com) (www.exness.com) and click “Sign Up.”
Enter your email address, create a strong password, and select your country of residence.
Verify your email by clicking the confirmation link sent to your inbox.
Step 2: Complete Account Verification
Exness follows Know Your Customer (KYC) regulations, requiring you to verify your identity and address:
Upload a government-issued ID (e.g., passport, driver’s license).
Provide proof of address (e.g., utility bill, bank statement).
Verification typically takes a few hours but may extend to 24 hours if documents are incomplete.
Step 3: Open Additional Trading Accounts
Log in to your Personal Area on the Exness website or Trader app.
Navigate to the “Accounts” section and select “Open New Account.”
Choose the account type (Standard, Pro, Raw Spread, Zero, or Standard Cent) and platform (MT4 or MT5).
Customize settings like leverage and currency, then confirm to create the account.
Repeat the process to open additional accounts as needed.
Step 4: Fund Your Accounts
Once your accounts are created, you can deposit funds using various methods, including bank transfers, credit/debit cards, or e-wallets like Neteller and Skrill. Each account can be funded separately, allowing you to allocate capital based on your trading strategy.
Step 5: Manage Multiple Accounts
Use the Exness Personal Area to switch between accounts seamlessly.
For simultaneous trading, install multiple instances of MT4 or MT5 in different folders on your device or use the MultiTerminal for MT4 accounts.
Limitations and Rules for Multiple Exness Accounts
While Exness allows multiple accounts, there are some restrictions to keep in mind:
Unique Email per Personal Area: You cannot use the same email address for multiple Personal Areas. If you need additional Personal Areas, you must register them with different email addresses.
Account Limits: Each Personal Area can have up to 100 trading accounts per account type (real and demo) for MT4 and MT5, excluding Standard Cent accounts.
Dormant Accounts: If an account remains inactive for 90 days with no funds, it may be archived. You can reactivate archived accounts by logging in and depositing funds.
No Account Merging: Accounts under different Personal Areas cannot be merged, as they are treated as separate entities.
Ethical Use: Exness prohibits using multiple accounts for fraudulent activities, such as bonus abuse or manipulating trading conditions. Violating these terms may lead to account suspension.
Benefits of Using Multiple Exness Accounts
Opening multiple Exness accounts offers several advantages:
Flexibility: Tailor each account to specific trading styles, assets, or risk levels.
Risk Diversification: Spread your capital across accounts to minimize losses.
Testing Opportunities: Use demo accounts to experiment with new strategies or EAs without financial risk.
Enhanced Portfolio Management: Manage multiple clients or strategies efficiently with tools like MultiTerminal.
Access to Exness Premier: Linking multiple accounts can increase your trading volume and deposits, improving your chances of reaching higher tiers in the Exness Premier program, which offers exclusive benefits.
Potential Drawbacks of Multiple Accounts
While multiple accounts offer flexibility, there are some challenges to consider:
Distraction Risk: Managing multiple accounts can lead to divided attention, potentially affecting trading decisions.
Increased Complexity: Tracking performance, deposits, and withdrawals across multiple accounts requires strong organizational skills.
Resource Intensive: Maintaining multiple accounts may require additional time and capital, especially for real accounts.
To mitigate these challenges, use Exness’ Personal Area to monitor all accounts in one place and consider automating tasks with EAs where appropriate.
FAQs About Opening Multiple Exness Accounts
1. Can I use the same email for multiple Exness accounts?
No, each Personal Area requires a unique email address. However, you can open multiple trading accounts within a single Personal Area.
2. How many accounts can I open with Exness?
You can open up to 100 trading accounts per account type (real and demo) for MT4 and MT5, excluding Standard Cent accounts.
3. Can I trade on multiple platforms from one device?
Yes, you can run multiple instances of MT4 and MT5 on the same device by installing them in separate folders or using MultiTerminal for MT4 accounts.
4. What happens if I don’t use my Exness account?
If an account remains inactive for 90 days with no funds, it may be archived. You can reactivate it by depositing funds or logging in.
5. Is it safe to open multiple Exness accounts?
Yes, Exness is regulated by reputable authorities, and its platforms are secure. Enable two-factor authentication (2FA) for added protection.
Conclusion
Opening multiple Exness accounts is not only possible but also highly beneficial for traders looking to diversify strategies, manage risk, or test new approaches. With up to 100 trading accounts per type and 200 demo accounts per Personal Area, Exness offers unmatched flexibility. By following the steps outlined above and understanding the platform’s policies, you can set up and manage multiple accounts with ease. Whether you’re a beginner or a seasoned trader, Exness’ variety of account types and tools like MultiTerminal make it a top choice for multi-account trading.
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