With various Exness Account Types, the broker is committed to providing excellent service along with training and resources.
Exness has proved itself as a leading online Forex broker offering forex accounts for both individuals and businesses.
I have a long experience with Exness and this broker has never failed to impress me. Detailed Exness Review has been done on this blog. It has proved itself as one of the leading forex brokers worldwide.
With around a decade of experience with Exness, I found it to be very special than other industry peers. I believe other traders will also have a great experience with this broker. So, I highly recommend Exness and I know that you won’t regret choosing Exness.
Exness Account Types Review
Exness offers 5 account types from demo to standard account. With these account types you can open an account, deposit funds, view your orders.
Also, you can manage your account easily within the dashboard. Simply choose the trading type that fits your trading style.
1. Standard Account
The Exness standard account offers a balanced trading condition that facilitates both beginners and expert traders. It doesn’t have a minimum deposit limit which means you can open a standard account with a minimum $1 deposit as well.
The leverage for standard accounts is up to 1:2000 and the leverage ratio varies depending on the deposit amounts. The spread for this account starts from 0.3 pips and the minimum trading position is 0.01 lot.
Also, users of this account are exempted from paying all types of trading commissions and allows swap-free trading for the citizens of Muslim countries. The standard account is the most popular trading account in Exness.
No trading commissions, low spreads, no deposit limit, and unlimited access to the trading assets are the key features behind the popularity of this account. Besides, standard account users can trade on both MT4 and MT5 platforms.
Related: Standard Account vs ECN Account
2. Standard Cent Account
Standard cent account is the best choice for newbie traders for learning how to trade using micro-lots. This account has access to all the forex currency pairs only and Metals provided by Exness.
Also, there is no deposit limit for this account hence you can deposit any amount you want for opening an Exness cent account. Besides, if your initial deposit is less than $1,000 then you’ll be able to enjoy unlimited leverage provided by the broker.
The spread for cent account doesn’t apply trading commissions and its spreads start from 0.3 pips.
Also, the cent account users are allowed to use MT4 and WebTerminal platforms. Its special features like no deposit limit, no commission, competitive spreads, and unlimited leverage create a perfect condition for beginners to start live trading.
3. Raw Spread Account
The Raw Spread offers very competitive raw spreads that start from 0.0 pips. The minimum deposit for a raw spread account is $500 and the leverage is allowed up to 1:2000.
The broker applies a low trading commission for the Raw Spread users which is up to $3.5 per lot traded (each side). So, for both entry and exit of a 1 lot order, the total commission will be $7.
Exness directly quotes the spread rates from the liquidity providers for raw spread account users. Raw Spread can be an ideal place for the day traders who want to enjoy the lowest possible spread during the busiest sessions of the market.
4. Zero Account
This account offers 0 spreads on 30 pairs for 95% of the trading days. This feature helps day traders to stop worrying about the spreads and lets them focus more on trading opportunities instead.
Zero account users have full access to all types of tradable assets provided by Exness which includes forex currency pairs, metals, cryptocurrencies, energies, stocks, and more. The trading commission for zero accounts starts from $3.5 per lot (per side). Also, the minimum deposit for this account is $500.
The maximum leverage for zero accounts is up to 1:2000 and the minimum trading position is 1 micro lot (0.01). The swap-free feature for Muslim countries is also available for this account user.
According to our review, zero account offers the best solution for day traders who loves to scalp in zero spread markets.
5. Pro Account
Pro account offers an instant execution facility with excellent fill-in orders. This feature helps traders to avoid “requote” issues during the busy trading sessions and smooths the entry and exit process of the orders.
The minimum spread for a pro account starts from 0.1 pips and the minimum deposit limit is $500. Like Exness zero and raw spread accounts, this account also offers the highest leverage up to 1:2000 and gives full access to the trading assets.
Besides, there is no limitation on the number of open positions, and the margin call limit is set at 30%. Also, it supports the swap-free option for Muslim traders under the Shariah Law.
Exness pro account users can use all the platforms offered by the brokers including MT4, MT5, and WebTerminal. Based on our review, we’ve found Exness Pro as a versatile trading account that is cost-effective and suits all sorts of trading styles.
Demo Account Trading
Exness also offers demo trading opportunities that allow you to put on a trial in the real market without spending anything.
Opening a demo account in Exness is quite easy and it doesn’t require any verification. Besides beginners, expert traders also use demo accounts to test their trading skills and strategies.
At the End
Whether you want to trade Forex, Metals, Energies, Stocks, Indices or Crypto, Exness offers various account types to meet your trading needs.
Find one that suits you best and start trading Forex, Metal, Crypto or anything.
Although the traders with different account types will be watching the same market, factors like spread, commission, and slippage can largely impact the result of a trader.
For example, as stated above, for day traders spread might be the biggest problem which can be solved by choosing zero accounts. Or if slippage is the major disadvantage to your system you may choose a Pro Account.
So, the first step is to identify what kind of trader you are, and then you can choose the type of account that is best for you.
I hope this article was helpful to readers to know about Exness Account Types. If you have any queries feel free to contact us or comment below.