Choosing the right trading account is crucial for your success as a trader. Exness offers a variety of account types tailored to meet the diverse needs of traders worldwide. In this guide, we’ll break down each account type, highlighting their features, benefits, and ideal users, to help you determine which Exness account suits you best.
Overview of Exness Account Types
Exness provides five main account types, categorized into Standard and Professional accounts:
- Standard Accounts:
- Standard
- Standard Cent
- Professional Accounts:
- Pro
- Raw Spread
- Zero
Each account type is designed with specific trading styles and experience levels in mind.
Standard Accounts
Standard accounts are ideal for both beginners and experienced traders seeking straightforward trading conditions without commission fees.
1. Standard Account
- Minimum Deposit: No fixed minimum; depends on the payment system used.
- Spreads: From 0.3 pips.
- Commission: None.
- Leverage: Up to 1:Unlimited.
- Instruments: Forex, metals, cryptocurrencies, energies, stocks, indices.
The Standard Account offers a broad range of tradable instruments with competitive spreads and no commission, making it suitable for traders who prefer a simple, cost-effective trading environment.
2. Standard Cent Account
- Minimum Deposit: No fixed minimum; depends on the payment system used.
- Spreads: From 0.3 pips.
- Commission: None.
- Leverage: Up to 1:Unlimited.
- Instruments: Forex, metals.
The Standard Cent Account operates with cent lots, allowing traders to trade smaller volumes. This account is perfect for beginners looking to practice trading with minimal financial exposure or for experienced traders testing new strategies in a live environment.
Professional Accounts
Professional accounts are tailored for seasoned traders who require advanced features, tighter spreads, and are comfortable with higher minimum deposits.
3. Pro Account
- Minimum Deposit: Yes; varies by region.
- Spreads: From 0.1 pips.
- Commission: None.
- Leverage: Up to 1:Unlimited.
- Instruments: Forex, metals, cryptocurrencies, energies, stocks, indices.
The Pro Account offers ultra-low spreads with no commission fees, appealing to traders who prioritize cost-efficiency and require immediate order execution.
4. Raw Spread Account
- Minimum Deposit: Yes; varies by region.
- Spreads: From 0.0 pips.
- Commission: From $0.05 per lot per side.
- Leverage: Up to 1:Unlimited.
- Instruments: Forex, metals, cryptocurrencies, energies, stocks, indices.
The Raw Spread Account provides direct access to interbank spreads starting from 0.0 pips, combined with a low commission per trade. This account is ideal for traders employing scalping or high-frequency trading strategies who demand the tightest spreads possible.
5. Zero Account
- Minimum Deposit: Yes; varies by region.
- Spreads: From 0.0 pips on top 30 instruments.
- Commission: From $0.2 per lot per side.
- Leverage: Up to 1:Unlimited.
- Instruments: Forex, metals, cryptocurrencies, energies, stocks, indices.
The Zero Account offers zero spreads on major instruments, making it suitable for traders who require precise entry and exit points. The low commission structure further enhances its appeal to high-volume traders.
Choosing the Right Account for You
Selecting the appropriate account depends on your trading experience, strategy, and financial goals. Here’s a quick guide:
- Beginners:
- Standard Cent Account: Start with smaller trade sizes to minimize risk.
- Standard Account: Transition to standard lots as you gain confidence.
- Experienced Traders:
- Pro Account: Benefit from low spreads and no commissions.
- Raw Spread Account: Ideal for scalpers needing tight spreads.
- Zero Account: Perfect for traders requiring zero spreads on major instruments.
Consider factors such as minimum deposit requirements, trading costs (spreads and commissions), and the range of available instruments when making your decision.