10 minute read
Exness Standard vs Standard Cent Account: Which One Should You Choose?
from Exness
by Exness_Blog
When stepping into the world of forex and CFD trading, selecting the right account type is one of the most critical decisions you’ll make. Exness, a globally recognized broker since 2008, offers a variety of account types to cater to traders of all experience levels. Among its offerings, the Standard vs Standard Cent Account are two of the most popular choices, especially for beginners and those looking to minimize risk. But how do these accounts differ, and which one is best suited for your trading goals?
1️⃣ Open Exness Standard Account
2️⃣ Open Exness Standard Cent Account
In this comprehensive guide, we’ll compare the Exness Standard Account vs. Standard Cent Account, diving into their features, benefits, drawbacks, and ideal use cases. By the end, you’ll have a clear understanding of which account aligns with your trading style, whether you’re a novice testing the waters or an intermediate trader scaling up. Let’s explore the key differences and help you make an informed decision.
What Are Exness Standard and Standard Cent Accounts?
Exness is a leading forex and CFD broker known for its user-friendly platforms, competitive spreads, and diverse account offerings. Both the Standard vs Standard Cent Account fall under the "Standard" category, designed to be accessible for traders at various stages. However, they cater to distinct needs, particularly in terms of trading volume, risk exposure, and instrument availability.
Exness Standard Account: A Versatile Choice
The Standard Account is Exness’s most popular account type, designed for traders of all experience levels. It offers a balanced mix of simplicity, affordability, and access to a wide range of trading instruments, including forex, metals, cryptocurrencies, energies, stocks, and indices. With no commission fees and competitive spreads, it’s an attractive option for those transitioning from demo accounts or seeking flexibility in their trading strategies.
Exness Standard Cent Account: Beginner-Friendly and Low-Risk
The Standard Cent Account is tailored for beginners or traders testing new strategies with minimal financial risk. Unlike other account types, it uses cent lots, where the account balance is displayed in cents rather than dollars. For example, a $10 deposit appears as 1,000 cents, allowing traders to execute micro-trades with significantly lower risk. This account is exclusive to the MetaTrader 4 (MT4) platform and is limited to forex and metals trading.
Key Features of the Exness Standard Account
The Standard Account is designed to offer a straightforward and cost-effective trading experience. Here are its core features:
Minimum Deposit: As low as $1 (varies by payment method and region).
Lot Size: Standard lots (1 lot = 100,000 units of the base currency).
Spreads: Starting from 0.3 pips, variable based on market conditions.
Leverage: Up to 1:2000 (1:400 for clients registered with the Kenyan entity).
Trading Platforms: Available on MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Exness Terminal.
Commission: None, costs are covered by spreads.
Trading Instruments: Includes forex, metals, cryptocurrencies, energies, stocks, and indices.
Maximum Open Orders: Unlimited on MT5, 1,000 on MT4.
Maximum Pending Orders: 100 on MT4, 200 on MT5.
Execution Type: Market execution (no requotes).
Swap-Free Option: Available for Islamic accounts.
The Standard Account is ideal for traders who want flexibility, access to a broad range of instruments, and the ability to trade larger volumes without the restrictions of micro-trading. It’s a great choice for those transitioning from demo accounts or smaller accounts like the Standard Cent.
Key Features of the Exness Standard Cent Account
The Standard Cent Account is designed to minimize risk, making it perfect for beginners or those experimenting with new strategies. Here’s a breakdown of its features:
Minimum Deposit: $10 (or equivalent in local currency, e.g., INR).
Lot Size: Cent lots (1 cent lot = 1,000 units of the base currency, equivalent to $1,000).
Spreads: Starting from 0.3 pips, variable.
Leverage: Up to 1:2000 (1:400 for clients registered with the Kenyan entity).
Trading Platforms: Available only on MetaTrader 4 (MT4).
Commission: None, costs are covered by spreads.
Trading Instruments: Limited to forex pairs and metals (e.g., XAU/USD).
Maximum Open Orders: 1,000 on MT4.
Maximum Pending Orders: 50 on MT4.
Execution Type: Market execution (no requotes).
Demo Account: Not available.
Swap-Free Option: Available for Islamic accounts.
The Standard Cent Account is tailored for novice traders who want to experience real-market conditions with minimal financial exposure or for experienced traders testing new strategies.
Exness Standard vs. Standard Cent: A Detailed Comparison
To help you choose the right account, let’s compare the Standard vs Standard Cent Account based on critical factors:
1. Trading Volume and Lot Size
Standard Account: Uses standard lots (1 lot = 100,000 units of the base currency). The minimum position size is 0.01 lots, which translates to a higher monetary value per trade. For example, a 0.01 lot trade on EUR/USD with a 10-pip movement could result in a $1 profit or loss. This makes it suitable for traders with larger capital or those confident in their strategies.
Standard Cent Account: Uses cent lots (1 cent lot = 1,000 units of the base currency). The minimum position size is 0.01 cent lots (1,000 cents or $10), significantly reducing the monetary impact of trades. For example, a 10-pip loss on a 1-cent lot of EUR/USD costs just $0.10. This makes it ideal for beginners or low-risk trading.
Winner: Standard Cent for beginners due to lower risk; Standard for those trading larger volumes.
2. Minimum Deposit
Standard Account: Requires as little as $1, depending on the payment method and region, making it highly accessible.
Standard Cent Account: Requires a minimum deposit of $10, which is still low compared to many brokers but higher than the Standard Account.
Winner: Standard Account for its lower entry point.
3. Trading Instruments
Standard Account: Offers a wide range of instruments, including forex, metals, cryptocurrencies, energies, stocks, and indices. This versatility suits traders who want to diversify their portfolios.
Standard Cent Account: Limited to forex pairs and metals (e.g., XAU/USD), with up to 36 instruments available. This restriction may limit diversification for traders.
Winner: Standard Account for its broader instrument range.
1️⃣ Open Exness Standard Account
2️⃣ Open Exness Standard Cent Account
4. Risk Exposure
Standard Account: Higher risk due to larger lot sizes and potential for larger losses. It’s better suited for traders with experience or sufficient capital to manage risks.
Standard Cent Account: Lower risk due to cent-based trading, making it ideal for beginners or those testing strategies with minimal capital. For example, a $10 deposit allows multiple small positions, reducing the financial impact of losses.
Winner: Standard Cent Account for risk-averse traders.
5. Trading Platforms
Standard Account: Available on MT4, MT5, and Exness Terminal, offering flexibility and advanced features.
Standard Cent Account: Limited to MT4, which is reliable but lacks the advanced features of MT5 or the Exness Terminal.
Winner: Standard Account for platform versatility.
6. Spreads and Commissions
Standard Account: Spreads start from 0.3 pips with no commissions, making it cost-effective for frequent traders.
Standard Cent Account: Spreads also start from 0.3 pips with no commissions, but higher spreads may apply to compensate for smaller trade sizes.
Winner: Tie, as both accounts are commission-free with similar spread structures.
7. Leverage
Standard Account: Offers leverage up to 1:2000 (1:400 for Kenyan clients), allowing traders to amplify position sizes.
Standard Cent Account: Also offers leverage up to 1:2000 (1:400 for Kenyan clients), providing similar flexibility for small accounts.
Winner: Tie, as leverage options are identical.
8. Maximum Orders
Standard Account: Unlimited open orders on MT5 and 1,000 on MT4, with 100 pending orders on MT4 and 200 on MT5. This suits high-volume traders.
Standard Cent Account: Limited to 1,000 open orders and 50 pending orders on MT4, which may restrict high-frequency trading.
Winner: Standard Account for higher order capacity.
Benefits of the Exness Standard Account
The Standard Account is a versatile option with several advantages:
Wide Range of Instruments: Access to forex, metals, cryptocurrencies, energies, stocks, and indices allows for portfolio diversification.
Low Entry Barrier: A $1 minimum deposit makes it accessible to traders worldwide, including those in emerging markets like India.
Commission-Free Trading: No commissions mean lower trading costs, ideal for frequent traders.
Flexible Platforms: Availability on MT4, MT5, and Exness Terminal caters to different trading preferences.
Educational Resources: Exness provides webinars, tutorials, and market analysis to help traders improve their skills.
Ideal For: Intermediate traders, those transitioning from demo accounts, or anyone seeking flexibility and a broad range of instruments.
Benefits of the Exness Standard Cent Account
The Standard Cent Account is designed for low-risk trading, offering unique benefits:
Minimal Risk: Cent-based trading reduces losses significantly. For example, a 20-pip loss on a 1-cent lot costs just $0.20.
Low Deposit Requirement: A $10 minimum deposit is affordable for beginners or traders in regions with limited capital.
Real-Market Experience: Unlike demo accounts, the Standard Cent Account offers real trading conditions, helping beginners gain practical experience without risking large sums.
Strategy Testing: Experienced traders can test new strategies or Expert Advisors (EAs) with minimal financial exposure.
No Commissions: Like the Standard Account, it’s commission-free, keeping costs low.
Ideal For: Beginners, traders with limited capital, or those testing new strategies in a live environment.
Drawbacks of Each Account
Standard Account Drawbacks
Higher Risk: Larger lot sizes increase the potential for significant losses, making it less suitable for beginners.
Not Ideal for Micro-Trading: Traders looking to trade very small volumes may find the Standard Account less cost-effective.
Requires More Capital for Scalability: To achieve significant profits, traders need larger deposits compared to the Standard Cent Account.
Standard Cent Account Drawbacks
Limited Instruments: Restricted to forex and metals, which limits diversification.
Smaller Profits: Cent-based trading means smaller gains, making it less suitable for wealth-building.
MT4-Only: Lack of access to MT5 or Exness Terminal may limit advanced trading features.
Order Restrictions: Fewer pending orders (50) and a cap of 1,000 open orders may restrict high-frequency traders.
Which Account Should You Choose?
Choosing between the Exness Standard vs Standard Cent Account depends on your trading experience, capital, and goals:
Choose the Standard Account If:
You’re an intermediate or experienced trader looking for flexibility and a wide range of instruments.
You have sufficient capital to trade standard lots and manage higher risks.
You want access to multiple platforms (MT4, MT5, Exness Terminal).
You’re transitioning from a demo or Standard Cent Account and are ready to scale up.
Choose the Standard Cent Account If:
You’re a beginner or have limited capital and want to trade with minimal risk.
You’re testing new strategies or Expert Advisors in a live environment.
You prefer trading only forex and metals with smaller lot sizes.
You want to gain real-market experience without the pressure of large losses.
How to Open an Exness Account
Opening either a Standard Account or Standard Cent Account with Exness is straightforward:
Register: Visit exness.com, click the registration button, and fill in your details (country, email, password).
Verify Identity: Complete your profile and submit identity verification documents.
Choose Account Type: In your Personal Area, select either the Standard or Standard Cent Account.
Deposit Funds: Fund your account using one of Exness’s 15+ payment methods. Deposits are typically instant.
Download Platform: Choose MT4 (for both accounts) or MT5/Exness Terminal (for Standard Account) and configure it to your preferences.
Start Trading: Begin trading with your chosen account type.
Pro Tip: Practice on a demo account (available for Standard Account) before trading live to build confidence.
Conclusion
The Exness Standard Account vs Standard Cent Account are excellent options for traders, but they serve different purposes. The Standard Account is ideal for those seeking versatility, a broad range of instruments, and the ability to trade larger volumes. It’s perfect for intermediate traders or those ready to scale their strategies. On the other hand, the Standard Cent Account is a beginner’s best friend, offering low-risk trading with cent lots, making it ideal for learning or testing strategies with minimal capital.
Ultimately, your choice depends on your experience, risk tolerance, and trading goals. If you’re just starting out or have limited capital, the Standard Cent Account is a safe and practical choice. If you’re ready to diversify and trade larger volumes, the Standard Account offers the flexibility you need. Whichever you choose, Exness’s user-friendly platforms, competitive spreads, and robust support make it a reliable broker for your trading journey.
💥 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:
