9 minute read
Can I Have Two Exness Accounts? A Comprehensive Guide
from Exness India
by Exness_India
In the dynamic world of forex trading, Exness stands out as one of the most trusted brokers, serving over 280,000 active clients globally. Known for its low spreads, high leverage, and robust platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), Exness is a top choice for both beginners and seasoned traders. However, a common question arises: Can I have two Exness accounts? Whether you're looking to diversify strategies, test new approaches, or optimize your trading setup, this guide will answer your question in detail, covering Exness policies, benefits, drawbacks, and practical steps to manage multiple accounts effectively.
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Understanding Exness Accounts: The Basics
Before diving into whether you can have multiple Exness accounts, let’s clarify what an Exness account entails. Exness offers a variety of account types to suit different trading needs, including:
· Standard Account: Ideal for beginners with low minimum deposits and no commissions.
· Cent Account: Perfect for new traders practicing with smaller lot sizes.
· Pro Account: Designed for professionals with tighter spreads.
· Zero Account: Offers zero spreads on major pairs, suitable for high-frequency traders.
· Raw Spread Account: Provides ultra-low spreads with a fixed commission.
Each account type has unique features, such as varying spreads, leverage options, and trading conditions. Exness also supports up to 200 demo accounts, allowing traders to test strategies risk-free. But what about live accounts? Can you open more than one, and if so, how?
Can You Have Two Exness Accounts? The Short Answer
Yes, you can have multiple Exness accounts, but there are specific rules to follow. According to Exness’s official guidelines, traders can open multiple trading accounts within a single Personal Area or create additional Personal Areas using different email addresses. Here’s a breakdown of the key points:
· One Email, One Personal Area: Each Personal Area is linked to a unique email address. You cannot register multiple Personal Areas with the same email.
· Multiple Accounts in One Personal Area: Within a single Personal Area, you can open up to 100 live trading accounts and 200 demo accounts.
· Same Data, Same IP: You can use the same personal data (e.g., name, address) and IP address to open multiple accounts without restrictions.
· New Personal Area: To create a new Personal Area, you’ll need a different email address, but you can still link it to your existing identity.
This flexibility makes Exness appealing for traders who want to manage multiple accounts for various purposes. But why would you want more than one account in the first place?
Why Traders Want Multiple Exness Accounts
Opening multiple Exness accounts can be a strategic move for traders. Here are some common reasons:
1. Separating Trading Strategies
Forex trading often involves diverse strategies, such as scalping, swing trading, or long-term investing. By maintaining separate accounts, you can track the performance of each strategy independently, avoiding confusion and simplifying risk management. For example, you might use a Pro Account for scalping and a Standard Account for swing trading.
2. Testing New Techniques or Expert Advisors (EAs)
A second account can serve as a sandbox for testing new trading techniques or automated tools like Expert Advisors (EAs). Exness’s allowance of up to 200 demo accounts is perfect for this, but some traders prefer live accounts with small deposits to test strategies in real market conditions.
3. Leveraging Different Account Types
Each Exness account type offers unique benefits. For instance, the Zero Account is ideal for high-volume traders due to its zero spreads, while the Cent Account suits beginners. By opening multiple accounts, you can tailor each to specific trading goals or currency pairs.
4. Participating in Promotions or IB Programs
Some traders open additional accounts to take advantage of Introducing Broker (IB) promotions or cashback programs. By linking new accounts to different IBs, you can maximize rewards, provided you comply with Exness’s terms.
5. Managing Risk Across Accounts
Spreading capital across multiple accounts can reduce risk. If one account faces a significant drawdown, others remain unaffected. This approach is particularly useful for traders dealing with volatile markets or rare currency pairs.
6. Accessing Exness Premier Benefits
Exness Premier is a VIP program offering exclusive perks based on cumulative deposits and trading volume. Linking multiple accounts can help you reach higher tiers faster, unlocking benefits like priority support and lower fees.
While these benefits are compelling, managing multiple accounts comes with challenges. Let’s explore the pros and cons.
Pros and Cons of Having Multiple Exness Accounts
Advantages
· Enhanced Strategy Management: Separate accounts make it easier to monitor and optimize different trading strategies.
· Risk Diversification: Spreading funds across accounts minimizes the impact of losses on your overall portfolio.
· Flexibility: Access to various account types allows you to customize trading conditions for specific goals.
· Testing Opportunities: Use secondary accounts to experiment with new tools or markets without risking primary capital.
· Promotion Eligibility: Multiple accounts can qualify you for additional rewards or IB programs.
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Disadvantages
· Increased Complexity: Managing multiple accounts requires more time and attention, potentially leading to distraction.
· Higher Costs: Some account types, like Raw Spread or Zero, involve commissions, increasing trading costs across multiple accounts.
· Account Archiving: Exness archives accounts inactive for 90 days, which may require reactivation if neglected.
· Verification Needs: New Personal Areas may require additional identity verification, adding administrative tasks.
· Potential for Overtrading: Multiple accounts might tempt you to trade excessively, increasing risk.
Weighing these factors can help you decide if multiple accounts align with your trading goals. If you choose to proceed, here’s how to set up additional Exness accounts.
How to Open Multiple Exness Accounts: Step-by-Step Guide
Opening additional Exness accounts is straightforward, whether within the same Personal Area or a new one. Follow these steps:
Option 1: Add a New Trading Account in Your Existing Personal Area
· Log In: Access your Exness Personal Area via the Exness website or app.
· Navigate to Accounts: Click on the “My Accounts” section.
· Create New Account: Select “Open New Account” and choose the account type (e.g., Standard, Pro, Zero).
· Customize Settings: Set your preferred leverage, currency, and account nickname.
· Deposit Funds: Transfer funds to the new account to start trading. No additional verification is typically required.
· Manage Accounts: Switch between accounts seamlessly within the Personal Area.
This method is ideal if you want to keep all accounts under one email and manage them centrally.
Option 2: Create a New Personal Area with a Different Email
· Register a New Personal Area: Visit the Exness website and sign up using a different email address.
· Complete Verification: Submit identity documents (e.g., passport, utility bill) if prompted. Ensure documents meet Exness’s requirements (valid, high-quality images under 64 MB).
· Open Trading Accounts: Once verified, create up to 100 live accounts and 200 demo accounts in the new Personal Area.
· Link to Exness Premier (Optional): Contact premier@exness.com to link accounts for VIP benefits.
· Deposit and Trade: Fund the accounts and start trading.
This approach suits traders who want separate Personal Areas for distinct purposes, such as managing different IB links or trading entities.
Tips for Setup
· Use a secure email address for each Personal Area to avoid access issues.
· Choose account types based on your experience level (e.g., Standard for beginners, Pro for experts).
· Be cautious with high leverage, as it amplifies both profits and losses.
Exness Policies to Keep in Mind
To stay compliant and avoid issues, understand these Exness rules regarding multiple accounts:
· Unique Email Requirement: Each Personal Area must have a distinct email address. Attempting to use the same email will result in an error.
· No Bonus Abuse: Exness permits multiple accounts but monitors for bonus abuse. Creating accounts solely to exploit promotions may lead to restrictions.
· Account Security: Set strong passwords and enable two-factor authentication (e.g., SMS verification) for each Personal Area.
· Inactivity Policy: Accounts dormant for 90 days are archived but can be reactivated.
· IB Linking: You can link new accounts to different IBs, but changing an existing account’s IB may take 2–3 business days or be restricted in some cases.
Adhering to these policies ensures a smooth experience when managing multiple accounts.
Best Practices for Managing Multiple Exness Accounts
To maximize efficiency and minimize risks, follow these tips:
· Organize Accounts Clearly: Assign descriptive nicknames to each account (e.g., “Scalping_Pro” or “Swing_Standard”) for easy identification.
· Track Performance Separately: Use spreadsheets or trading journals to monitor each account’s performance, including profits, losses, and strategy effectiveness.
· Avoid Overlapping Strategies: Ensure each account serves a distinct purpose to prevent confusion or conflicting trades.
· Use MetaTrader 4 Multiterminal: Exness offers MT4 Multiterminal, allowing you to manage multiple accounts simultaneously from one platform.
· Monitor Costs: Keep an eye on commissions and spreads, especially for high-frequency trading accounts like Zero or Raw Spread.
· Stay Compliant: Regularly review Exness’s terms to avoid unintentional violations, such as bonus abuse or unauthorized account sharing.
Conclusion: Should You Open Multiple Exness Accounts?
Opening multiple Exness accounts is not only possible but also a strategic option for traders looking to diversify strategies, manage risk, or optimize rewards. With the ability to create up to 100 live accounts and 200 demo accounts per Personal Area, Exness offers unparalleled flexibility. However, success depends on careful planning, compliance with Exness policies, and disciplined account management.
Whether you’re a beginner testing the waters with a Cent Account or a professional scalping on a Zero Account, multiple accounts can enhance your trading experience. Just be mindful of the added complexity and costs, and use tools like MT4 Multiterminal to streamline operations.
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