Exness Account Types – Broker offers different trading accounts for different types of traders. It does not matter, if you are a professional or a newbie you can choose any of their trading accounts. In this article, we will discuss different types of Exness Accounts.
In today’s article, we will try to give some idea about these different types of trading accounts.
Exness Account – Cent
As the name refers, all the financial transactions of this account will be calculated through Cent.
Many people are interested in trading with a good broker but due to the high initial deposit requirements, it is not possible to do so. In some cases, if someone is interested to start their trading carrier as a newbie but does not want to invest a larger amount to test the market mechanism this account is ideal for them.
If you want to know more about this type of trading account, then please refer to this article.
Benefits:
- Minimum investment: The broker offers a minimum deposit of $1 for a cent account. So, if your initial investment is low, you can choose this account as a trial of your trading carrier.
- Swap and commission-free: Other forex brokers impose additional charges and commissions for trading which is an additional loss for a trader. There are no additional charges or commissions for Exness Broker’s Cent Account.
- Same spread: In many cases, broker offers a higher spread for this account type. For example, if the spread of the other account is 8 pips then the broker imposes a relatively higher spread (12-15 pips at least) for a cent or mini account. Exness offers the same spread as their other accounts.
- Leverage: Broker offers the same leverage for all of their offered accounts.
- Fund withdrawals and deposits: The main reason for the popularity of Exness brokers is the convenience of instant fund deposits and withdrawals. which means, it does not take more than a second to withdraw funds from your trading account. These facilities remain the same for this account type.
Eness Account – Standard
According to the broker, this is their most popular trading account. Because you can start trading hereby depositing the least amount of capital. Here we have highlighted some of the key features. If you want to know more then please refer to this article.
- You can start trading in Exness Standard Account by depositing as low as 1 dollar. So, even if you do not have the ability to deposit a large amount of money, you can easily start trading with this broker.
- “Standard Account” As you can see from the name, the lot size of this account is standard, which means, the size is 1 Lot = 1,00,000 units. In that case, if you place any entry of 1 lot or volume then the amount of your profit/loss per pips will be equal to 1* $10 = 10 Dollars. So, you can do standard trading even with a low deposit if you want.
- Like other trading accounts of the broker, you will get the benefit of using “Unlimited” leverage. That means you will get the benefits of trading larger lots with low balances by using its higher leverage facility.
- No additional charge is required except spread. It means, no commission fee will be applicable.
- You can do real trading in any type of strategy including scalping or hedging. In addition, This account is ideal for Automatic Trading or EA because its order time is too short to execute. So, you will not see any re-quotes while placing any entries.
Eness Account – ZERO
You probably know that “spread” is the source that brokers used to earn money. The spread amount varies from broker to broker. If your broker charges a high spread, it is a loss for you.
On the other hand, trading on a low-spread broker is much more helpful for the trader. As the name refers, this type of trading account is spread-free. That means, most of the major currencies remain spread free or you can call it a ZERO Spread trading account.
If you are a scalper and want to trade with zero spread then Exness Zero Account is for you. Here are some benefits we have highlighted for your reference. If you want to know more about this trading account, then please refer to this article.
- All the major pairs spread remain “0” most of the time. According to the broker “0 spreads for 95% of the trading day on 30 pairs.”
- Spread may fluctuate during market conditions and volatility.
- The minimum deposit of this trading is higher. At least $200 is required to initial start.
- Islamic or Swap Free features are available for Muslim Traders.
- A small Commission fee will be added depending on your trading instrument. You can check it from the broker Trading Calculator.
- Broker does offer wide leverage usage up to 1:2000
- Commission per lot/side From 3.5 USD (one time)
Eness Account – RAW
Exness Raw Spread Account is basically for those who are interested in trading in low spreads and those who like scalping. The main advantage of this type of account is that the amount of spread during trading remains very low.
Having a low spread means that it will take less time to get your entry profitable. If you are interested in trading as a professional, this trading account is for you. If you want to know more about this trading account, then please refer to this article. Here are some key points of this trading account.
- All the major pairs spread start from “0”.
- Spread may fluctuate during market conditions and volatility.
- The minimum deposit of this trading is higher. At least $200 is required to initial start.
- Islamic or Swap Free features are available for Muslim Traders.
- A small Commission fee will be added depending on your trading instrument. You can check it from the broker Trading Calculator.
- Broker does offer wide leverage usage up to 1:2000
- Commission per lot/side From 3.5 USD (one time)
Eness Account – PRO
As the name refers this account is for professional Traders. The main advantage of this trading account is a Lower Spread and almost instant Order Execution Time. Here are some benefits we have highlighted for your reference. If you want to know more about this trading account, then please refer to this article.
- All the major pairs spread start from “0.1 pip” which is relatively low compared to other brokers.
- Spread may fluctuate during market conditions and volatility.
- The minimum deposit of this trading is higher. At least $200 is required to initial start.
- Islamic or Swap Free features are available for Muslim Traders.
- A small Commission fee will be added depending on your trading instrument. You can check it from the broker Trading Calculator.
- Broker does offer wide leverage usage up to 1:unlimited.
- Commission Free Trading.
- Instant execution features with no re-quotes.
Eness Account – Social
This is a special trading account for special traders. Let’s say, you want to start trading but do not know the trading mechanism properly or are unable to discover any trading strategies that suit you but want to invest, then this account is for you.
You can act here as an investor and can subscribe to other professional traders and automatically copies all of their trading entry into your trading account. You do not need to perform anything else except fund deposit and withdrawal operations.
On the other hand, If you are a professional trader and share your trading skill with others, then this account would be a nice choice for you. Just like copy trading, investors can copy your trade and share a profit percentage with you.
Here are some key features of this trading account. If you want to know more about this trading account, then please refer to this article.
- You don’t have to trade on your own and you will have the opportunity to copy many good and skilled traders automatically.
- Trading can also be started by providing a minimum balance. In simple words, it does not require a large investment for this social trading. However, if you want, you can deposit funds according to your ability. Detailed fund deposit instructions can be found in the Exness Deposit article.
- There is an opportunity to choose the trader according to your choice and you can cross-check copy traders’ overall trading performance.
- If you want, you can copy the multiple traders in the same account.
- The fund’s transactions can be done instantly.
- There is no obligation to deposit or withdraw any funds.
- You may unfollow any traders any time if you wish and also can re-connect instantly which is entirely up to you.
- Depending on your deposit balance, the trading lot or volume will be selected automatically. You don’t have to do anything on your own here.
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