Currently, the Exness raw spread account is one of the keywords with the highest search volume on Google. So what is Raw Spread Exness? Why is it of such interest to the trading community? Below, EX Trading will share with readers the most complete information related to this type of account!
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ToggleWhat is an Exness raw spread account?
Exness Raw Spread account concept
The Raw Spread account is an ECN trading account on Exness. This is an account that reflects the real market value across all instruments.
This is an account type launched by Exness at the end of 2019, and up to now it is very popular with everyone. The spread when matching orders on this account is extremely low.
Exness Raw Spread account: for the lowest commission of all exchanges in the world. The highest commission fee per lot traded is only 3.5 USD.
However, you will probably lean towards some other account because of its extremely low spreads. Even the account spread can be 0 but in return the commission/transaction fee is high.
As for the Standard account, spreads may be higher but commission fees do not arise.
Spread fees on Raw Spread accounts are the lowest in the market, from only 0.0 pip.
Let’s analyze an example for you to understand: If you want to buy the EUR/USD currency pair, the current spread is 0, and the trading price at that time is 1.2100.
When you use a Raw Spread account:
- You can buy it for 1.2100.
- Watching the price increase with a significant profit, you can sell this currency pair. However, you need to see if the profit minus the commission fee (3.5 USD) is redundant or not.
When trading on a Standard account:
- The buying price of the EUR/USD pair is 1.2102. That means when you just buy, you will be negative 2 pips. These 2 pips are the spread, the difference in fees when trading.
- Follow up, when the price of the currency pair increases by at least 3 pips, take profit if you want.
Through the example above, you can certainly see certain advantages of the Raw Spread account.
What features does the Raw Spread Exness account have?
- Spread fee: super attractive, close to 0. Some major currency pairs have spreads of 0, the rest are also approximately 0.
- Margin: is the minimum deposit amount in the account to start trading.
- With the Exness Raw Spread account, the deposit is 200 USD.
- This amount is the lowest because other reputable foreign exchange exchanges in the market require a minimum deposit of 1,000 USD.
- Commission fee: most competitive in the market, only about $3.5/lot.
- High leverage: This is one of the great features of the Exness raw spread account. When trading with the MT4 platform, leverage is unlimited. On the MT5 platform, the leverage is 1:2000.
The leverage of the Exness Raw Spread account is extremely high
- Order matching: Orders are matched according to the market price. Easy to enter orders, fast, and rarely have problems.
- Trading volume: Small positions have the lowest trading volume from 0.01 lot. With high positions, the largest trading volume is up to 2000.
- Number of accounts: Each trader is allowed to open an unlimited number of trading accounts.
- Swap fee: For accounts with Muslim countries, the swap fee is 0.
- Trading start time: You can start trading immediately after depositing a deposit into your account. Easy and fast transactions.
>>>See more: Types of Exness accounts: Overview that you should know
Why is the Exness raw spread account popular?
According to the trading style
Each trader’s trading style and strategy is not the same.
Most new traders are the surfing type, wanting to make a profit immediately after a small price difference. The Exness raw spread account is the most suitable account for them.
Even some experienced traders sometimes apply scalping investment strategies depending on the period.
On the contrary, if your trading style is swing (position-based), prioritize opening a Standard account. The long-term investment strategy on the Standard account gives you many advantages.
Short-term investment strategies on the Raw Spread account require you to observe price changes over time. Long-term investing does not bind or constrain you in terms of time, and the investment efficiency is higher if you have the right direction.
Commissions and spreads
When investing, you need to carefully consider both the commission and spread fees of each foreign exchange exchange. This helps you make sure you are trading on the exchange with the most favorable fees.
Exness is a Forex trading platform that provides investors with the best Raw Spread accounts. Spreads on this FCA-licensed account start at just 0 pips. Low commission fee of only 3.5 USD/lot.
The spread of the Raw Spread account on Exness is only from 0.0 pips
Therefore, there is no reason why traders should ignore the Raw Spread account. Exness is always a great choice for investors, even for Standard accounts, the spread is only 0.3 pips and the commission fee is 0.
>>>See more: Open Exness Account: Latest guide for new traders
Compare Raw Spread Exness and Zero Exness accounts
For professional traders, the concept of Zero Exness is no longer strange. Both Raw Spread Exness and Exness Zero accounts are the most chosen accounts.
These two accounts are different in name but have many similarities. Therefore, newbies need to know even more, but experienced people should also learn to avoid confusion.
The same point
Some of the main similarities of Raw Spread Exness and Zero Exness are:
- Conditions to start the first trade: Minimum deposit is 200 USD, infinite leverage.
- The minimum trading volume of an order is 0.01 lot, and the maximum is:
- 200 lots: From 7:00 a.m. to 8:59 p.m. (GMT+0 time zone).
- 20 lots: from 9:00 p.m. to 6:59 a.m. (GMT+0 time zone).
- Warning when the margin level is 30%.
- Stop trading when the margin level is 0%.
- All orders are matched at market price (especially according to Exness).
Differences
Let’s distinguish between Raw Spread Exness and Exness raw spread account with some of the following basic differences:
- Minimum Spread:
- Zero: keep the spread at 0.0 for 95% of the day.
- Raw Spread: From 0.0 basis point floating spread. That means there is still a difference from time to time, it’s just so low that you don’t notice it.
Differences occur mainly during important times. For example: when transferring a trading contract to a new trading date.
Commission
The commission fee here is the amount deducted immediately when placing a new order.
- Raw Spread account: 3.5 USD/lot/way of trading.
- Zero account: only from 0.2 USD/lot/way of trading.
Corresponding to different accounts and different tools, the transaction fee % may change.
Commission on 1 transaction direction
Commissions are calculated based on order opening and order closing. The total commission calculated after opening the order will be doubled from the displayed commission amount.
For example: If the commission for each trading direction of an instrument is 3.5 USD/lot, then when opening an order, the total commission will be 7 USD/lot, of which 3.5 USD/opening direction and 3.5 USD/closing direction.
Above is all the information you need to know about the Exness raw spread account. Hopefully, this article from EX Trading has partly helped you understand this type of account better. And if you are a new trader, just learning about forex and Exness. We recommend that you test on the Exness demo account first to better understand how to place orders and trade on the exchange.