Account types in the trading broker Exness

Main types of accounts in the broker Exness

Exness is a well-regarded broker known for offering a range of account types tailored to different types of traders. Here’s an overview of the main types of accounts available at Exness and what each type has to offer:

1. Standard Accounts

• Standard Account: This is the most popular option among Exness traders, ideal for both beginners and more experienced traders. The Standard Account offers competitive spreads, no commissions on most assets, and relatively low minimum deposits, making it accessible for most traders.
• Standard Cent Account: Designed especially for beginners, the Standard Cent Account allows traders to trade in cents instead of dollars. This means smaller position sizes and lower risk, which is helpful for learning the ropes or testing strategies with minimal financial exposure.

2. Professional Accounts

Exness offers three professional account types for experienced traders seeking advanced features and tighter spreads:

• Raw Spread Account: Known for its very low spreads, starting from 0 pips, the Raw Spread Account is best suited for traders who want precision and speed. This account has a small commission per trade, making it ideal for high-frequency traders or scalpers.
• Zero Account: The Zero Account offers zero spreads on major currency pairs for most of the trading day, along with a fixed commission per trade. This account type appeals to traders who prioritize tight spreads and need cost-effective trading conditions.
• Pro Account: The Pro Account provides instant order execution and competitive spreads, without commission charges. This account is commonly chosen by professional traders and those who use Expert Advisors (EAs) or other advanced trading strategies.

3. Demo Account

In addition to live trading accounts, Exness provides a Demo Account for each of its account types. This allows users to practice trading in a simulated environment, using virtual funds, which is invaluable for refining strategies without financial risk.

Each account type on Exness is designed to cater to a specific trading style and level of expertise. New traders can start with the Standard Cent or Demo accounts, while experienced traders can take advantage of the professional account options that provide flexibility, tighter spreads, and more favorable trading conditions.

How to create an account with Exness trading broker

Step 1: Visit the Exness Website

Go to the official Exness website (https://www.exness.com) to ensure you’re accessing the correct site. Avoid using links from unverified sources to ensure security.

Step 2: Click on “Open Account”

On the homepage, locate the “Open Account” button. This will initiate the registration process.

Step 3: Complete the Registration Form

In the registration form, you’ll need to provide:

• Country of Residence: Select your current country of residence.
• Email Address: Enter a valid email address. Exness will use this for communications, so make sure you have access to it.
• Password: Choose a strong password following Exness’s guidelines, usually including letters, numbers, and special characters.

Once filled, click “Continue” or “Next.”

Step 4: Choose Account Type and Platform

Exness offers various account types, including Standard and Professional accounts, with each suited for different trading needs. You can also select your preferred trading platform, such as MetaTrader 4 (MT4) or MetaTrader 5 (MT5). Take some time to review the features of each account type to decide which best fits your trading style.

Step 5: Confirm Email and Verify Identity

To enhance account security and comply with financial regulations, Exness requires users to verify their identity and address. Here’s how:

1. Email Confirmation: Check your inbox for a verification email from Exness. Follow the link provided to confirm your email address.
2. Identity Verification: Upload a scanned copy of a valid government-issued ID, like a passport or driver’s license.
3. Address Verification: Submit a utility bill or bank statement showing your name and address. This document should be recent (usually within the last 3–6 months).

Verification typically takes a few hours to a day. You’ll be notified once the process is complete.

Step 6: Deposit Funds

After verification, you can fund your account by going to the “Deposit” section. Exness offers various payment methods, including bank transfers, credit/debit cards, and e-wallets. Choose your preferred method and follow the instructions to deposit funds.

Step 7: Start Trading

With funds in your account, you can now start trading. Access the trading platform (MT4 or MT5) by downloading the app on your computer or mobile device, or use the web version directly from Exness.

Additional Tips

• Practice with a Demo Account: Exness provides a demo account, which is a great tool to practice and get comfortable with the trading platform without risking real money.
• Enable Two-Factor Authentication (2FA): To add an extra layer of security, enable 2FA in your account settings.

Creating an account on Exness is simple, and following these steps will help you get started smoothly. Remember to always trade responsibly, and consider familiarizing yourself with the platform’s tools and educational resources to make informed trading decisions.

How to change account type in Exness Trading

Log in to Your Exness Personal Area

• Open the Exness app or go to the Exness website.
• Use your login credentials to access your Personal Area, where you manage all your accounts and settings.

2. Open a New Account with the Desired Type

• Exness doesn’t allow changing the account type directly for an existing account. Instead, you’ll need to open a new trading account with your desired type.
• In your Personal Area, select the option to open a new trading account.
• You’ll be presented with the account types available, such as Standard, Raw Spread, Zero, or Pro accounts.

3. Select Your Preferred Account Type and Configure Settings

• Choose the new account type that meets your trading needs.
• Set the leverage and currency options for the account.
• Confirm your settings and complete the account setup.

4. Transfer Funds Between Accounts (if needed)

• After setting up your new account, you may want to transfer funds from your previous account to the new one.
• Go to the “Internal Transfer” section in your Personal Area to transfer funds. Make sure both accounts are in the same currency for seamless transfers.

5. Close the Old Account (Optional)

• If you no longer need the old account, you can close it in the settings. However, it’s not necessary to close inactive accounts, as they won’t incur any charges if not used.

Tips for Choosing the Right Account Type:

• Standard Accounts: Suitable for new traders due to lower minimum deposits and straightforward pricing.
• Raw Spread & Zero Accounts: Offer lower spreads and are ideal for high-frequency or scalping strategies, though they may have commissions.
• Pro Accounts: Cater to experienced traders who prefer higher flexibility and lower spread options without commissions.

By following these steps, you can effectively change your Exness account type, giving you the flexibility to adjust as your trading strategies evolve.

How to create a trading account with Exness broker

Once on the homepage, look for the “Open Account” or “Register” button, typically located at the top right. Click this to begin the registration process.

You’ll need to provide some basic information:

• Email address
• Password (ensure it’s strong for security purposes)
• Account Type (Standard, Professional, etc. Exness offers several options based on your trading needs)

Select your preferred account type and proceed.

3. Verify Your Identity

To fully activate your account and comply with financial regulations, Exness will require identity verification. The platform may ask for:

• Proof of Identity (like a passport, driver’s license, or government-issued ID)
• Proof of Address (like a recent utility bill or bank statement showing your address)

This verification is essential for safety and compliance with financial regulations.

4. Set Up Your Trading Platform

After account verification, you can set up your trading platform. Exness supports popular trading platforms like MetaTrader 4 and MetaTrader 5. Choose the one that best fits your needs, and download the software or use the web version.

5. Fund Your Account

Once your account is verified, you can deposit funds. Exness supports various payment methods, including:

• Bank transfers
• Credit and debit cards
• E-wallets like Skrill, Neteller, and WebMoney
• Cryptocurrency (in some regions)

Choose a payment method, follow the prompts, and deposit the desired amount to start trading.

6. Start Trading

With your account funded, you’re ready to trade. Log in to your Exness account on your chosen trading platform and begin exploring the markets. You can choose from forex pairs, commodities, indices, cryptocurrencies, and more.

Tips for Beginners

• Use a Demo Account: If you’re new, consider practicing on a demo account before committing real money.
• Risk Management: Use tools like stop-loss orders and never trade more than you can afford to lose.

By following these steps, you’ll be able to set up and begin using your Exness trading account with ease.

Limits and benefits of certain account types at Exness

Exness, a global trading platform, offers various account types to cater to different trading needs, skill levels, and investment goals. Understanding the limits and advantages of each account type is essential for traders to make informed decisions. Below, we’ll explore the main Exness account types, their benefits, and their limitations.

1. Standard Account

The Standard Account is the most popular choice among beginner and intermediate traders on Exness. It provides straightforward access to various trading instruments, including forex, stocks, cryptocurrencies, and commodities.

• Advantages:
  • Low Minimum Deposit: This account type has a low minimum deposit, making it accessible for beginner traders.
  • Commission-Free Trading: Exness offers commission-free trading on the Standard Account, allowing users to trade without incurring extra costs.
  • Flexible Leverage: Traders can access flexible leverage, which varies by region and instrument, allowing for more control over risk and potential profit.
• Limits:
  • Wider Spreads: Standard Accounts generally have wider spreads compared to other account types, which could affect profitability in short-term trades.
  • Limited Features: While suitable for new traders, this account lacks some advanced features that more experienced traders may require.

2. Standard Cent Account

The Standard Cent Account is designed for beginners who want to start trading with minimal risk. This account type operates with cent-based currency, meaning traders can test strategies with smaller amounts of money.

• Advantages:
  • Small Investment Requirements: Cent accounts allow traders to start with as little as one cent, minimizing risk for new traders.
  • Ideal for Strategy Testing: The small transaction size is ideal for testing new strategies and learning without risking significant capital.
  • Commission-Free: Like the Standard Account, the Cent Account is also commission-free, making it a cost-effective option.
• Limits:
  • Limited to Micro Lots: Cent Accounts have restrictions on trade sizes, which may not be suitable for traders aiming to make significant profits.
  • Lower Leverage: Leverage options are typically lower for Cent Accounts, which limits the potential for larger profits but reduces risk.

3. Pro Account

The Pro Account is tailored for experienced traders who prefer a balance between cost and performance. This account offers tight spreads and access to various trading instruments.

• Advantages:
  • Low Spreads: Pro Accounts offer lower spreads than Standard Accounts, making them more suitable for traders looking to minimize trading costs.
  • No Commission: This account type is commission-free, providing cost-efficient trading for high-volume traders.
  • Instant Order Execution: The Pro Account offers instant order execution, which is beneficial for high-frequency traders and scalpers.
• Limits:
  • Higher Minimum Deposit: The minimum deposit requirement for Pro Accounts is generally higher, which may not be suitable for beginners.
  • Advanced Knowledge Required: Pro Accounts are best suited for traders with a strong understanding of the markets.

4. Raw Spread Account

The Raw Spread Account is aimed at traders who prioritize low spreads and don’t mind paying commissions. It is particularly popular among professional traders.

• Advantages:
  • Tight Spreads: Raw Spread Accounts offer extremely low spreads, often starting at zero pips, making it ideal for traders focused on short-term trades.
  • High Leverage: This account offers high leverage options, allowing experienced traders to increase their position size.
  • Access to More Instruments: This account type generally offers a broader range of instruments, which is beneficial for portfolio diversification.
• Limits:
  • Commission-Based: Unlike the Standard and Pro accounts, Raw Spread Accounts charge commissions per trade, which may reduce profitability for small traders.
  • Higher Deposit Requirements: The minimum deposit is generally higher, making it more suitable for professional or advanced traders.

5. Zero Account

The Zero Account is Exness’s most advanced account, ideal for high-frequency and algorithmic traders who require minimal costs for entry and exit points.

• Advantages:
  • Zero Spreads: Zero Accounts offer zero spreads on major currency pairs, providing exact entry prices, which is essential for scalping.
  • Commission Transparency: While commissions are charged, they are clearly defined, allowing traders to calculate their total cost upfront.
  • Faster Execution Speed: Zero Accounts offer some of the fastest execution speeds, making them ideal for high-speed trading strategies.
• Limits:
  • Commission Charges: Although spreads are minimal, commission fees are applied per trade, which can add up, especially for high-frequency traders.
  • High Minimum Deposit: The minimum deposit is typically higher than other account types, which may not be feasible for beginner or low-capital traders.

The choice of an Exness account depends on the trader’s goals, budget, and experience level. New traders may find the Standard or Cent Accounts appealing, while advanced traders might prefer Pro, Raw Spread, or Zero Accounts for enhanced flexibility, tighter spreads, and advanced features. Each account type offers a unique combination of benefits and limitations, making it essential to align your trading style and financial goals with the account that best suits your needs.

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