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How to Open Zero Spread Account in Exness: A Step-by-Step Guide
from Open Zero Exness
If you’re looking to open a zero spread account with Exness, you’re in the right place! A zero spread account can be a game-changer for traders, especially scalpers and day traders, as it eliminates spread costs and offers transparent pricing with fixed commissions. In this guide, I’ll walk you through the exact steps to open a Zero Spread Account with Exness, explain its benefits, and share tips to make the most of it. By the end, you’ll know everything you need to get started confidently. Let’s dive in!
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What Is a Zero Spread Account?
Before we jump into the how-to, let’s clarify what a zero spread account is. In forex trading, the spread is the difference between the bid (sell) and ask (buy) price of a currency pair. With a zero spread account, this difference is eliminated for certain instruments, meaning you pay no spread on trades. Instead, you pay a fixed commission per trade, which provides cost predictability—perfect for high-frequency traders like scalpers or those using algorithmic strategies.
Exness’s Zero Spread Account offers zero spreads on the top 30 instruments for 95% of the trading day, with low commissions starting from $0.2 per side per lot. It’s designed for traders who need precision, fast execution, and minimal costs. Now, let’s get to the steps to open one.
Step-by-Step Guide to Opening a Zero Spread Account in Exness
Opening a Zero Spread Account with Exness is straightforward and takes just a few minutes. Here’s how to do it:
Step 1: Visit the Official Exness Website
Head over to the official Exness website (exness.com). Make sure you’re on the legitimate site to avoid phishing scams—check for the padlock icon in the address bar and verify the URL. Once there, select your region and preferred language for a tailored experience.
Step 2: Sign Up for an Exness Account
If you don’t already have an Exness account, click the “Sign Up” or “Open Account” button, usually found in the top right corner of the homepage. You’ll need to fill out a registration form with basic details:
Email Address: Use a valid email you have access to.
Phone Number: Provide a working number for verification.
Password: Create a strong password with uppercase letters, numbers, and special characters for security.
After submitting the form, Exness will send you a confirmation link to your email and an SMS code to verify your phone number. Complete these steps to activate your account.
Step 3: Log In to Your Personal Area
Once verified, log in to your Exness Personal Area using your email and password. The Personal Area is your hub for managing accounts, deposits, and trading activities. It’s user-friendly and intuitive, even for beginners.
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Step 4: Select the Zero Spread Account
In the Personal Area, navigate to the “My Accounts” section and click “Open New Account.” You’ll see a list of account types: Standard, Standard Cent, Pro, Zero, and Raw Spread. Select the Zero Spread Account. Before proceeding, review its features:
Zero spreads on the top 30 instruments (e.g., major forex pairs like EUR/USD, GBP/USD).
Commissions starting at $0.2 per side per lot.
Market execution with no requotes.
Minimum deposit (varies by region, typically $200-$500).
Ensure this account aligns with your trading goals. If you’re unsure, you can open a demo Zero Spread Account to test it risk-free.
Step 5: Complete Account Verification
To comply with regulatory requirements, Exness requires identity verification (KYC). Upload the following documents:
Government-issued ID: Passport, driver’s license, or national ID.
Proof of address: A utility bill, bank statement, or similar document (dated within the last 6 months).
Proof of income (optional, depending on your region).
Verification usually takes a few hours, but it can take up to 24 hours during busy periods. Once approved, you’re ready to fund your account.
Step 6: Deposit Funds
In the Personal Area, go to the “Deposit” section. Exness offers multiple payment methods, including:
Bank transfers
Credit/debit cards
E-wallets (e.g., Skrill, Neteller)
Cryptocurrencies (e.g., Bitcoin, USDT)
The minimum deposit for a Zero Spread Account varies by country—typically $200 in some regions and $500 in others (e.g., South Africa, Nigeria). Check the Exness website for your region’s requirements. Deposits are usually instant, though bank transfers may take 1-3 business days.
Pro Tip: Start with the minimum deposit to test the account. You can always add more funds later.
Step 7: Download a Trading Platform
Exness supports popular platforms like MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary Exness Terminal. Download your preferred platform from the Exness website or app store. Log in using your Zero Spread Account credentials, and you’re ready to trade!
Step 8: Start Trading
With your account funded and platform set up, you can start trading. The Zero Spread Account supports forex, metals, cryptocurrencies, energies, stocks, and indices. Use tools like technical analysis indicators, trading signals, and stop-loss orders to optimize your strategy.
Why Choose the Exness Zero Spread Account?
Now that you know how to open the account, let’s talk about why it’s worth considering. Here are the key benefits:
1. Cost Efficiency
No spreads mean lower transaction costs, especially for high-frequency traders. The fixed commission (starting at $0.2 per side per lot) is transparent, so you know exactly what you’re paying. This is a huge advantage during volatile market conditions when spreads on other accounts might widen.
2. Precision for Scalpers and Day Traders
The zero spread structure is ideal for scalping and day trading, where small price movements matter. With no spread to eat into your profits, you can execute trades with pinpoint accuracy. Plus, Exness’s market execution ensures fast order fills with minimal slippage.
3. Transparent Pricing
Unlike accounts with variable spreads, the Zero Spread Account offers predictable costs. This makes it easier to plan your trades and manage your budget, especially if you’re trading high volumes.
4. Access to Diverse Instruments
Trade a wide range of assets, including major forex pairs, commodities (like gold and oil), cryptocurrencies, and indices. This diversity allows you to build a balanced portfolio and spread your risk.
5. High Leverage
Exness offers competitive leverage (up to 1:400 for Zero Spread Accounts, subject to conditions). While high leverage can boost profits, it also increases risk, so use it wisely with proper risk management.
Drawbacks to Consider
No account is perfect, so here are a few things to keep in mind:
Commissions: While spreads are zero, commissions can add up for high-volume traders. Compare the costs to ensure they align with your strategy.
Minimum Deposit: The $200-$500 minimum deposit is higher than Exness’s Standard Account, which might be a barrier for some traders.
Not Ideal for Long-Term Trading: If you hold positions for days or weeks, the commission structure may be less cost-effective compared to spread-based accounts.
Tips for Success with a Zero Spread Account
To maximize your Zero Spread Account, follow these tips:
1. Practice with a Demo Account First: Before risking real money, open a demo Zero Spread Account to test your strategies. Exness’s demo accounts mirror real market conditions, so you can experiment without financial risk.
2. Use Risk Management Tools: Set stop-loss and take-profit orders to protect your capital, especially during volatile market hours. Exness’s platform also offers negative balance protection to prevent you from losing more than your deposit.
3. Focus on High-Liquidity Instruments: Major forex pairs (e.g., EUR/USD, USD/JPY) and commodities like gold have the tightest pricing and lowest commissions on the Zero Spread Account.
4. Monitor Market Conditions: While zero spreads are available 95% of the day for top instruments, they can float during economic news or rollovers. Stay informed about market events to avoid unexpected costs.
5. Leverage Smartly: High leverage can amplify both profits and losses. Start with conservative ratios (e.g., 1:100) if you’re new to trading.
Frequently Asked Questions
What’s the minimum deposit for the Exness Zero Spread Account?
The minimum deposit varies by region—typically $200 or $500. Check the Exness website for your country’s requirements.
Can I withdraw funds immediately after depositing?
You can withdraw funds, but check Exness’s terms to ensure your account status remains active. For example, withdrawing below the minimum deposit might affect your account’s functionality.
Is the Zero Spread Account suitable for beginners?
It’s better suited for experienced traders, especially scalpers and day traders, due to its commission structure and higher minimum deposit. Beginners might prefer the Standard Account for lower entry costs.
Which instruments have zero spreads?
Zero spreads apply to the top 30 instruments (e.g., major forex pairs, gold) for 95% of the trading day. Other instruments may have floating spreads during volatile periods.
Final Thoughts
Opening a Zero Spread Account with Exness is a smart move for traders who want cost efficiency, precision, and transparency. By following the steps above—signing up, verifying your account, depositing funds, and setting up your platform—you can start trading in no time. Whether you’re scalping major forex pairs or diversifying with commodities, this account offers the tools and conditions to succeed.
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