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Exness Trading Charges How Much? A Comprehensive Guide
from Exness
by Exness_Blog
When choosing a forex or CFD broker, one of the most critical factors to consider is the cost of trading. Exness, a globally recognized brokerage established in 2008, is known for its competitive trading conditions, transparent fee structure, and user-friendly platforms. But how much does it really cost to trade with Exness? In this detailed guide, we’ll break down Exness trading charges, including spreads, commissions, swap fees, and other costs, to help you make informed decisions and optimize your trading strategy. This article is tailored for both beginners and experienced traders, providing a clear and comprehensive overview of Exness fees.
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Overview of Exness: A Trusted Broker
Before diving into the specifics of Exness trading charges, let’s briefly introduce the broker. Exness is a multi-asset brokerage offering trading in forex, commodities, cryptocurrencies, stocks, and indices. Regulated by top-tier authorities like the Financial Conduct Authority (FCA) and Cyprus Securities and Exchange Commission (CySEC), Exness serves over 1 million traders worldwide. Its reputation for transparency, fast execution, and low-cost trading makes it a popular choice for retail and professional traders alike. Understanding the fee structure is key to maximizing profitability, so let’s explore the various costs associated with trading on Exness.
Types of Exness Trading Accounts
Exness offers a variety of account types, each with its own fee structure tailored to different trading styles and experience levels. The main account types are:
Standard Account: Ideal for beginners, this account has no commissions and wider spreads starting at 0.3 pips. It requires a minimum deposit of $10.
Standard Cent Account: Designed for micro-trading, this account also has no commissions and spreads starting at 0.3 pips, with a low minimum deposit of $10.
Pro Account: A commission-free account for experienced traders, offering tighter spreads starting at 0.1 pips and a minimum deposit of $500.
Raw Spread Account: Aimed at high-frequency traders, this account features ultra-low spreads (from 0.0 pips) but charges a commission of $3.50 per lot per side ($7 round-turn).
Zero Account: Perfect for scalpers and professional traders, this account offers zero spreads on major instruments but higher commissions, starting at $3.50 per side per lot.
Each account type caters to specific trading needs, and the associated fees vary accordingly. Let’s break down the primary trading charges you’ll encounter with Exness.
Exness Trading Fees: A Detailed Breakdown
Exness trading fees primarily consist of spreads, commissions, swap rates, and currency conversion fees. Below, we’ll examine each in detail to give you a clear picture of the costs involved.
1. Spreads
The spread is the difference between the bid (buy) and ask (sell) price of a financial instrument, and it’s one of the main costs of trading. Exness offers both fixed and variable spreads, depending on the account type and market conditions. Here’s how spreads vary across accounts:
Standard and Standard Cent Accounts: Spreads start at 0.3 pips for major forex pairs like EUR/USD. These accounts are commission-free, making them ideal for beginners who prefer predictable costs.
Pro Account: Spreads are tighter, starting at 0.1 pips, and there are no commissions, offering a balance between cost and precision.
Raw Spread Account: Spreads can go as low as 0.0 pips, but a commission of $3.50 per lot per side applies. This is suitable for day traders and scalpers who need tight spreads.
Zero Account: Offers zero spreads on major instruments, but commissions are higher, ranging from $3.50 to $5 per lot per side, depending on the instrument.
For example, trading EUR/USD on a Standard Account might cost around 1.0 pips ($10 per round lot), while the same trade on a Raw Spread Account could cost $7 in commissions with near-zero spreads. Spreads fluctuate based on market volatility, so they may widen during high-impact news or low-liquidity periods.
2. Commissions
Commissions are explicit fees charged per trade and apply only to the Raw Spread and Zero Accounts. Here’s a quick overview:
Raw Spread Account: Charges a fixed commission of $3.50 per lot per side ($7 round-turn). This is competitive compared to other brokers, especially for high-volume traders.
Zero Account: Commissions start at $3.50 per side per lot but can be higher for certain instruments. For instance, trading exotic pairs or commodities may incur higher fees.
Standard, Standard Cent, and Pro Accounts are commission-free, with trading costs embedded in the spreads. Traders should choose an account based on their trading frequency and strategy. For example, high-frequency traders may benefit from the Raw Spread or Zero Accounts, while long-term traders might prefer the commission-free Standard Account.
3. Swap Fees
Swap fees, also known as overnight or financing fees, are charged when you hold a position past 21:00 GMT+0 (excluding weekends). These fees arise from the interest rate differential between the two currencies in a forex pair or the financing cost for other instruments. Key points about Exness swap fees:
Swap-Free Accounts: Exness offers swap-free trading for most accounts, particularly on major forex pairs, gold, and cryptocurrencies. This is ideal for traders who hold positions overnight or follow Islamic trading principles.
Triple Swaps on Fridays: For positions held over the weekend, Exness charges triple swaps on Fridays to cover financing costs.
Swap Calculator: Exness provides a handy calculator on its website to estimate swap costs, helping traders plan their strategies.
For example, holding a long position on EUR/USD might result in a small positive or negative swap, depending on interest rate differentials. Swap-free accounts eliminate this cost, making Exness attractive for long-term traders.
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4. Currency Conversion Fees
If the quote currency of an asset differs from your account’s base currency, Exness may apply a currency conversion fee. These fees are typically low but vary depending on the payment method and currency pair. For instance, depositing USD into an account with a EUR base currency may incur a small conversion fee. Traders should check the specific rates for their chosen payment methods to avoid surprises.
5. Deposit and Withdrawal Fees
Exness stands out for its low-cost deposit and withdrawal processes. Key details include:
Deposits: Exness does not charge deposit fees for most payment methods, including bank cards, e-wallets (Skrill, Neteller), and cryptocurrencies. However, third-party providers may impose their own fees.
Withdrawals: Exness covers withdrawal fees in most cases, and many methods, such as Skrill and Neteller, offer instant processing. Bank transfers may take up to five business days and could incur intermediary bank fees.
Minimum Withdrawal: The minimum withdrawal amount varies by method but often starts at $10 for popular options.
Exness’s commitment to covering third-party transaction fees makes it cost-effective for traders, especially those using local payment solutions in regions like India.
6. Inactivity Fees
Contrary to some sources, Exness does not charge inactivity fees for accounts dormant for less than 12 months. However, accounts inactive for over 12 months may be classified as dormant, potentially leading to restricted access or penalties. To avoid this, traders should place at least one trade every three months or ensure their account remains active.
How Exness Fees Compare to Other Brokers
Exness’s fee structure is highly competitive compared to other leading brokers like XM, FBS, or IC Markets. Here’s a quick comparison:
Spreads: Exness’s spreads, especially on Raw Spread and Zero Accounts, are among the lowest in the industry, starting at 0.0 pips. In contrast, brokers like XM may start spreads at 1.0 pips for standard accounts.
Commissions: Exness’s $7 round-turn commission on Raw Spread Accounts is lower than IC Markets’ $7-$8 round-turn for similar accounts.
Swap Fees: Exness’s swap-free accounts are a significant advantage, as many brokers charge swaps on most instruments.
Deposit/Withdrawal Fees: Exness’s policy of covering most third-party fees is rare, as brokers like FBS may pass these costs to traders.
Overall, Exness offers a cost-effective trading environment, particularly for high-frequency traders and those avoiding overnight fees.
How to Minimize Trading Costs with Exness
To optimize your trading expenses on Exness, consider these practical tips:
Choose the Right Account Type: Select an account that aligns with your trading style. For example, scalpers should opt for Raw Spread or Zero Accounts, while beginners may prefer the Standard Account for its simplicity.
Trade During High Liquidity: Spreads are tightest during peak market hours, such as the London or New York sessions, reducing trading costs.
Use Swap-Free Accounts: If you hold positions overnight, opt for swap-free accounts to eliminate financing costs.
Monitor Currency Conversion: Deposit and withdraw in your account’s base currency to avoid conversion fees.
Leverage the Exness Calculator: Use Exness’s fee calculator to estimate spreads, commissions, and swaps before placing trades.
Stay Active: Place at least one trade every three months to avoid potential dormancy issues.
Exness Fees in India: Special Considerations
For traders in India, Exness offers competitive conditions tailored to the local market. Brokerage charges in India are similar to global standards, with no additional fees for Indian traders. Key points:
Local Payment Methods: Exness supports local online banking and UPI, often with instant processing and no fees.
Rupee-Based Accounts: Traders can open accounts in INR to avoid currency conversion fees, though USD accounts are more common.
Regulatory Compliance: Exness operates under strict regulations, ensuring safety for Indian traders, though it’s not regulated by SEBI (as forex trading is limited in India).
Indian traders should be cautious about third-party fees from banks or e-wallets and consult Exness’s support for region-specific guidance.
Is Exness a Cost-Effective Choice?
Exness stands out as a cost-effective broker due to its low spreads, zero or low commissions, and no deposit/withdrawal fees for most methods. The availability of swap-free accounts and transparent pricing further enhances its appeal. Whether you’re a beginner trading micro-lots on a Standard Account or a professional scalping on a Zero Account, Exness offers flexible and affordable trading conditions.
However, traders should be aware of potential costs like currency conversion fees or third-party charges from payment providers. By choosing the right account type and staying informed about market conditions, you can minimize expenses and maximize profitability.
Conclusion
Understanding Exness trading charges is essential for managing your trading costs and developing effective strategies. With spreads starting at 0.0 pips, commissions as low as $3.50 per lot, and no deposit or withdrawal fees, Exness offers one of the most competitive fee structures in the industry. Its swap-free accounts and transparent pricing make it suitable for traders of all levels, from beginners to professionals.
To get started, visit Exness’s official website for detailed fee information and account options. Always review the specific costs for your chosen instruments and account type, and use Exness’s tools, like the fee calculator, to plan your trades effectively. By staying informed and strategic, you can make the most of Exness’s trading environment while keeping costs low.
FAQs
1. Does Exness charge deposit or withdrawal fees?Exness does not charge deposit or withdrawal fees for most methods, though third-party providers may apply their own fees.
2. Are there inactivity fees at Exness?Exness does not charge inactivity fees for accounts dormant for less than 12 months. After 12 months, accounts may be marked as dormant, potentially incurring penalties.
3. What are swap-free accounts at Exness?Swap-free accounts eliminate overnight financing fees on major forex pairs, gold, and cryptocurrencies, ideal for long-term traders or those following Islamic principles.
4. How do Exness spreads compare to other brokers?Exness offers some of the lowest spreads, starting at 0.0 pips on Raw Spread and Zero Accounts, making it more competitive than brokers with spreads starting at 1.0 pips or higher.
5. Which Exness account is best for beginners?The Standard Account is ideal for beginners due to its low minimum deposit ($10), no commissions, and straightforward fee structure.
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