Did you know that when trading on Exness, you will have to pay a fee called Exness commission? Do you know how to calculate the Exness fee commission? Do you know how it affects your trading costs and profits? In the article, EX Trading will teach you about this type of fee

What is Exness commission?

Exness commission is a fee that customers pay to Exness when making transactions on certain trading instruments. Commission fees are calculated based on trading volume (lots) and are collected twice: when opening an order and when closing an order. Commission fees are one of the main sources of revenue for Exness. This is also one of the important factors affecting customers’ transaction costs.

Exness offers many outstanding features. Diverse deposit and withdrawal methods such as Exness deposit via treasury, visa, skrill, Neteller… The Exness exchange also provides a Social Trading Exness service that allows traders to connect. In addition to the above points, the Exness fee commission is also a point that attracts the attention of traders. Exness is considered the best commission platform in the world. Commission fees directly affect traders’ income, so Exness has attracted a large number of traders to participate in trading.

Why are Exness commission fees different?

Exness commission fees can vary depending on the account type, trading instrument, and trading time. According to Business Insider, at Exness the commission that customers have to pay is a minimum of $7 per trading order. Specifically, Exness will collect $3.5  when you open the order, and the remaining $3.5  when you close the order.

For example, if you buy 1 lot of EUR/USD with a commission of $7 per lot. You will have to pay 3.5$ when opening an order and 3.5 when closing an order. In total, you will lose $7 per lot trading EUR/USD.

However, commission fees can be higher or lower than $7 per lot depending on the trading instrument. Therefore, you should check the contract terms to see details of the commission fees applicable to each trading instrument.

Account types for which Exness commissions apply

Not all account types at Exness pay commission fees. According to the Exness Support Center, the available account types that apply trading commissions are  Zero and  Raw Spread. Commission-free account types are  Standard,  Standard Cent, and  Pro.

Zero account

Zero account is the account type with the lowest spread at Exness, from only 0 basis points. However, to compensate for the low spreads, trading commissions start at $0.20 per lot each way. But it can vary depending on the trading instrument.

For example, when opening a 1-lot trade order with the GBP/USD instrument, the commission charged will be $  9 with $4.5 being the commission for each lot and one-way trade of this instrument on the account. Clause Zero. No commission is charged when closing a 1-lot trade, as the full amount of $9 will appear when the trade is opened.

Raw Spread Account

Raw Spread accounts are accounts with low but not zero spreads. The average spread of major currency pairs is between 0.3 and 0.4 basis points. However, to compensate for the low spreads, trading commissions are up to $3.50 per lot each way for the majority of trading instruments (some indices and cryptocurrencies vary).

For example, when opening a 1 lot trade position with the GBP/USD instrument, the commission charged will be $  7 with $3.50 as commission per lot and one-way trading for Raw Spread accounts. No commission is charged when closing a 1-lot trade, as the full amount of $7 will appear when the trade is opened.

>>>See more: Open Exness Account: Latest guide for new traders 

How to minimize Exness commission fees

Exness commissions can affect your profits if you don’t know how to minimize them. Here are some ways to help you save money when trading at Exness:

• Choose the account type that suits your trading strategy. If you are a short-term trader or scalper. You should choose Zero or Raw Spread account for the lowest spreads. If you are a medium and long-term trader or swing trader. You should choose a Standard, Standard Cent, or Pro account to avoid paying commission fees.
• Join the Exness Rebate program. A rebate is a partial refund of commission fees to customers when trading. This is a rebate program of Exness for clients referred by their IB. A rebate is a partial refund of commission fees to customers when trading. It helps reduce costs and increase profits. Exness rebates can be up to  90%  commission, depending on the account type and trading instrument.
• Choose the right time to trade. Commission fees may fluctuate depending on the time of trading, due to the influence of factors such as price range, market liquidity, and economic news. Typically, commission fees will be higher during times of strong price fluctuations. Times like when there is important news or when the market opens and closes.

Example of cost savings when trading at Exness

If you trade 1 lot of EUR/USD on a Zero account with a commission of $9. You will be refunded 90% x $9 = $8.10. So, you only pay $0.90 per lot traded. To participate in Exness’s rebate program, you need to register an account through a reputable IB with a high rebate rate.

Compare Exness commission fees with other exchanges

Exness commission fees are one of the lowest on the market. Compared to other exchanges such as XM, FBS, HotForex, or FXTM. This fee is also adjusted according to market fluctuations. To ensure that customers always get the best trading conditions. In addition, Exness also has many other advantages such as no deposit/withdrawal fees or management fees.

To compare commission fees with other exchanges, you can see the following table. This comparison table will show commissions per lot and trade direction for the most popular trading instruments on Zero and Raw Spread account types and other exchanges. You can see that Exness commission fees are always lower or equal to other exchanges.

Conclude

Frequently asked questions

What is the commission fee?

• This is a fee that customers must pay to Exness when trading certain instruments.

How are Exness commission different?

• It can vary depending on the account type, trading instrument, and trading time. Here the commission fee that customers have to pay is a minimum of $7 for each trading order.

What are the account types that apply to Exness commission fees?

• Account types where commissions apply are Zero and Raw Spread. Commission-free account types are Standard, Standard Cent, and Pro.