10 minute read
How Many Exness Accounts Can I Have?
from Exness
by Exness_Blog
Exness is a globally recognized forex and CFD broker, trusted by millions of traders for its low spreads, reliable execution, and user-friendly platforms. Whether you’re a beginner exploring the world of trading or a seasoned professional managing multiple strategies, one question often arises: How many Exness accounts can I have? This article dives deep into Exness’ account policies, offering clear answers, practical tips, and insights to help you navigate account creation and management. By the end, you’ll know exactly how to structure your Exness accounts to suit your trading goals.
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Understanding Exness and Its Account System
Founded in 2008, Exness has grown into one of the largest online brokers, serving over 60 million clients globally. It offers a variety of account types, including Standard, Standard Cent, Pro, Zero, and Raw Spread, each designed to cater to different trading styles and experience levels. These accounts are managed through a Personal Area (PA), a centralized hub where traders can create, monitor, and manage their trading accounts.
Exness’ flexible account structure makes it appealing for traders who want to diversify their portfolios or test multiple strategies. However, the number of accounts you can create depends on specific rules and limitations set by the broker. Let’s explore these in detail.
Why Would You Need Multiple Exness Accounts?
Before diving into the specifics of account limits, it’s worth understanding why traders might want multiple accounts. Here are some common reasons:
Testing Different Strategies: Traders often use separate accounts to test various trading strategies, such as scalping, swing trading, or hedging, without mixing their performance metrics.
Diversifying Risk: By spreading capital across multiple accounts, traders can mitigate risk and avoid putting all their funds in one place.
Account Type Flexibility: Different Exness account types (e.g., Standard Cent for beginners or Zero for low-spread trading) serve unique purposes. Multiple accounts allow traders to leverage these differences.
Demo vs. Real Trading: Traders may want both demo accounts to practice and real accounts for live trading.
Currency Preferences: Exness allows accounts in various currencies, which is useful for traders operating in multiple regions or managing currency exchange risks.
Understanding your goals for multiple accounts will help you make informed decisions about how to structure them within Exness’ guidelines.
Exness’ Policy on Multiple Accounts
Exness has clear rules regarding the number of accounts a trader can create, designed to ensure efficient server performance and compliance with regulatory standards. According to the Exness Help Center, the number of trading accounts you can open depends on the account type and whether they are real or demo accounts. Here’s a breakdown:
Account Limits per Personal Area (PA)
Standard, Pro, Zero, and Raw Spread Accounts: For each of these account types, you can create up to 100 trading accounts per Personal Area, including both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, and both real and demo accounts.
Standard Cent Accounts: The limit is lower for Standard Cent accounts, with a maximum of 10 trading accounts (MT4 and MT5, real and demo) per Personal Area.
Total Accounts: When combining all account types, including blocked or archived accounts, a single Personal Area can hold up to 1,620 trading accounts.
These limits are in place to reduce the load on Exness’ exchange servers, ensuring smooth performance for all users. For most traders, these caps are more than sufficient, but they’re worth keeping in mind if you plan to manage a large number of accounts.
Email Address Restrictions
A key limitation to note is that Exness does not allow multiple Personal Areas to be registered with the same email address. Each Personal Area must be linked to a unique email. This means:
You cannot create multiple Exness accounts (Personal Areas) with the same email.
If you want additional Personal Areas, you’ll need to use different email addresses for each.
Trading accounts within a single Personal Area cannot be migrated to another Personal Area.
However, you can use the same phone number and verification documents (e.g., proof of identity and proof of residence) across multiple Personal Areas, which simplifies the verification process.
Verification Requirements
Exness enforces strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies. To create and use multiple accounts, you’ll need to verify each Personal Area with:
Proof of Identity (POI): A government-issued ID, such as a passport, driver’s license, or Aadhaar card (in India).
Proof of Residence (POR): A recent utility bill, bank statement, or rental agreement (not older than six months) showing your name and address.
Verification typically takes a few minutes but may require up to 24 hours if manual checks are needed. Once verified, you can create the maximum number of trading accounts allowed within that Personal Area.
How to Create Multiple Exness Accounts
Creating multiple trading accounts within a single Personal Area is straightforward. Follow these steps to set up your accounts:
Register a Personal Area:
Visit the official Exness website: Open An Account or Visit Brokers 🏆
Enter your country of residence, a unique email address, and a strong password (8–15 characters, including uppercase, lowercase, and symbols).
Verify your email and phone number via the confirmation codes sent by Exness.
Log into Your Personal Area:
Access your Personal Area using your registered email and password.
This dashboard allows you to manage all your trading accounts, deposits, withdrawals, and settings.
Create a New Trading Account:
In the “My Accounts” tab, select “Create New Account.”
Choose the account type (e.g., Standard, Pro, Zero, Raw Spread, or Standard Cent).
Select the platform (MT4 or MT5), account currency, and leverage (up to 1:2000).
Set a nickname and password for the account.
Repeat for Additional Accounts:
Repeat the process to create additional trading accounts within the same Personal Area, up to the limits mentioned earlier.
If you need more Personal Areas, register new ones with different email addresses.
Complete KYC Verification:
Upload your POI and POR documents to verify your account.
Ensure documents are clear, in supported formats (PNG, JPEG, PDF), and under 15 MB.
Once your accounts are set up and verified, you can start trading or practicing with demo accounts.
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Best Practices for Managing Multiple Exness Accounts
Managing multiple accounts effectively requires organization and strategy. Here are some tips to optimize your experience:
1. Organize Accounts by Purpose
Assign specific purposes to each account to avoid confusion. For example:
Use a Standard Cent account for low-risk testing or beginner trading.
Reserve a Zero or Raw Spread account for high-frequency trading or scalping.
Keep demo accounts for practicing new strategies or experimenting with volatile markets.
2. Track Performance Separately
Use Exness’ analytics tools or external software to monitor the performance of each account. This helps you evaluate which strategies are working and which need adjustment.
3. Manage Funds Wisely
Deposit funds into each account based on its purpose and risk level. For instance, allocate smaller amounts to Standard Cent accounts for testing.
Be aware of minimum deposit requirements, which vary by account type (e.g., $200 for Zero accounts).
Use Exness’ instant withdrawal feature (98% of withdrawals processed in under a minute) to move funds between accounts efficiently.
4. Leverage Demo Accounts
Exness provides a default MT5 demo account with $10,000 in virtual funds when you register. Use demo accounts to test new strategies or familiarize yourself with the platform before committing real money.
5. Stay Compliant with KYC
Ensure all Personal Areas are fully verified to avoid restrictions on trading or withdrawals. Keep your documents updated, especially if your address changes.
6. Use Secure Payment Methods
Exness supports various payment methods, including bank transfers, e-wallets, and credit cards, with 3D Secure for added safety. Always use personal payment accounts, as third-party transactions are not allowed.
Benefits of Multiple Exness Accounts
Having multiple Exness accounts offers several advantages:
Flexibility: Tailor accounts to specific trading goals, such as scalping, long-term investing, or experimenting with new markets.
Risk Management: Spread your capital across accounts to minimize risk exposure.
Currency Options: Choose different account currencies to hedge against exchange rate fluctuations.
Platform Variety: Switch between MT4, MT5, or Exness’ proprietary terminal to suit your trading style.
Educational Opportunities: Use demo accounts to learn without financial risk.
Potential Challenges and How to Address Them
While multiple accounts offer flexibility, they come with challenges:
Server Load: Exness’ account limits prevent server overload, but creating too many accounts may slow your Personal Area’s performance. Stick to essential accounts to avoid clutter.
Email Management: Using multiple email addresses for additional Personal Areas can be cumbersome. Use a dedicated email for each to stay organized.
KYC Delays: Verification delays can occur during peak times. Submit clear, valid documents to expedite the process.
Account Confusion: Managing multiple accounts can lead to errors, such as depositing funds into the wrong account. Label accounts clearly and double-check before transactions.
Comparing Exness to Other Brokers
Exness’ account limits are generous compared to many brokers. For example:
Some brokers restrict traders to a single account or require special permission for additional ones.
Exness’ allowance of up to 1,620 accounts per Personal Area is significantly higher than competitors like XM or IC Markets, which often cap accounts at 8–10.
The ability to use the same phone number and verification documents across Personal Areas simplifies the process compared to brokers with stricter KYC rules.
This flexibility makes Exness a top choice for traders who need multiple accounts for diverse strategies.
FAQs About Exness Account Limits
1. Can I use the same email for multiple Exness accounts?
No, each Personal Area requires a unique email address. You can create multiple trading accounts within a single Personal Area, but additional Personal Areas need separate emails.
2. How many trading accounts can I have in one Personal Area?
You can have up to 100 accounts per type (Standard, Pro, Zero, Raw Spread) for MT4 and MT5, real and demo, and 10 Standard Cent accounts, totaling up to 1,620 accounts per Personal Area.
3. Can I transfer funds between trading accounts?
Yes, you can transfer funds between trading accounts within the same Personal Area via the “Transfer” feature in your dashboard. Transfers are instant and free.
4. Do I need to verify each trading account separately?
No, verification is done at the Personal Area level. Once your Personal Area is verified, all trading accounts within it are covered.
5. Can I have both demo and real accounts?
Yes, Exness allows both demo and real accounts within the same Personal Area, subject to the limits mentioned above.
Conclusion
Exness offers traders significant flexibility in creating and managing multiple accounts, with a cap of up to 1,620 trading accounts per Personal Area. Whether you’re testing strategies, diversifying risk, or exploring different account types, Exness’ policies make it easy to customize your trading setup. By understanding the rules—such as the need for unique email addresses per Personal Area and the limits on account types—you can optimize your trading experience.
To get started, sign up for an Exness Personal Area, verify your account, and create the trading accounts that best suit your goals. With Exness’ user-friendly platforms, instant withdrawals, and robust support, you’re well-equipped to succeed in the dynamic world of forex and CFD trading.
💥 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 🏆
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