If you are a loyal trader with the Exness Forex trading platform. Surely you will no longer be unfamiliar with the Exness Zero account type. It is not only special in fees and commissions but also has many other advantages that attract investors. So let’s learn about the Zero Exness account type with EX Trading in the article below.
What is an Exness Zero account?
At the end of 2019, Exness launched a new account type called Exness Zero account. The reason it was originally called ECN was later changed to a Zero account by Exness. With this new campaign, Exness has created a lot of buzz. At the same time, it attracted a series of new investors to participate in the Exness foreign exchange trading platform.
Right from reading the account name, we know that this is the account with a Spread fee of “0”. Not only that, but the Zero account also supports customers to trade without limiting the number of open orders. Guaranteed market order matching, unlimited leverage. To bring the best profit to users.
Who is the Exness Zero account suitable for?
Although the Exness Zero account has extremely low spreads, or even “0” spreads. But it has more complex features than other types of accounts, including Cent account Exness. Therefore, Zero Exness is often used more commonly by experienced traders. There is also the participation of scalpers, algorithmic traders, or day traders.
Below are the features of the Exness Zero account that we have compiled and updated. Through the information, readers will better understand this type of account. At the same time, find the answer: “Is Zero Exness suitable for me?”.
| Minimum deposit amount | 200 USD |
| Leverage support | 1: Unlimited |
| Order matching | Market orders |
| Transaction commission fees | 0.2 USD/lot (Each way) |
| Trading system | MT4 and MT5 |
| Trading tools | Cryptocurrencies, Metals, Forex, Indices, Stocks, Energy |
| Margin protects risk | 0% |
| Margin level warning | 30% |
| Stop out rate | 0% |
| Free overnight fees | Available |
Information table of the characteristics of Exness Zero account type
>>>See more: Create Exness Account: Instructions for on your phone
Some outstanding advantages of the Exness Zero account
Why is the Zero account so enthusiastically received and responded to by traders? Because it possesses some outstanding advantages that few foreign exchange exchanges can do.
1. Low initial minimum deposit amount
Compared to the amount of 200 USD. TheExness Zero account is said to be one of the account types with the lowest initial minimum deposit on the Forex exchange. After completing the initial load. Next time at Exness, users can deposit small amounts of money, ranging from only 10-15 USD.
2. Fee difference is “0”
True to the name Zero, the account type emphasizes. The difference in fees when trading with this account is only 0. Thus, here you can trade with 30 instruments about 95% of the time every day. But without losing any difference in fees. In addition, the remaining types of instruments will be supported by Exness to provide 0 Spread for about 50% of the day.
3. Market order matching
The Exness Zero account is said to be suitable for day traders, algorithmic traders, and scalpers. Because not only are the spreads low. It has an extremely fast market order matching rate, ensuring no re-quotes.
4. Trading volume
At Zero Exness, you can trade extremely small lots of just 0.01. However, you can also trade with a maximum volume of up to 200 orders. That will make it easier for investors to open orders. At the same time, it is faster to access the interbank market directly.
5. Low margin level
Zero Exness is not only suitable for experienced traders. If you are an investor with not too much capital, this is truly a great choice for you. Because users only need to deposit 200 USD. So you can start trading and deeply participate in the Forex market in general and Exness in particular.
6. Exness waives overnight fees
Known to traders who have registered an Exness account. The Zero account also impresses all users because the service is free of overnight fees. For some specific products or Muslim subjects when participating in Exness. All overnight fees will be waived.
There are not only 6 outstanding advantages mentioned above. The Zero account has many other reasons that you cannot miss when investing at Exness. For example Prestigious level, 24/7 support staff…
>>>See more: Types of Exness accounts: Overview that you should know
Comparison between Exness Zero account and Raw Spread accounts
Exness raw spread account is also an account type with only a spread fee of 0.01 pip. An extremely small number and almost equal to the Zero account is 0 pips. That has confused many traders when participating in the Exness forex trading platform. So please refer to the information below to better understand these two types of accounts.
Similarity
It’s not just that the spread is “0”. The two types of Raw Spread and Zero Exness accounts also have many other similarities such as:
- The standard initial minimum deposit amount is 200 USD. At the same time, both accounts have leverage of 1: Unlimited.
- With a margin warning level of 30% and a stop-out rate of 0%. Therefore, these two accounts are easily confused with each other.
- In particular, both account types have a minimum trading volume of only 0.01 lot. But the trading limit can be up to 200 lots between 7:00 – 20:59. Or it could be 20 lots for the period from 21:00 – 6:59 during the day.
- Both match market orders provided by Exness.
Differences
Although there is harmony between many factors, it confuses traders. But there are still certain differences between Exness zero accounts and Raw Spread accounts. specific:
Spreads
While the Raw Spread account spread is extremely low (From 0.0 basis points). For the Zero Exness type, the spread is 0. Serving the top 30 trading instruments for about 95% of the day.
Commission fees
The commission fee deducted when opening a trade order for a Raw Spread account is 3.5 USD/lot for each direction. As for Zero Exness, it’s only from 0.2 USD/lot for each direction. Then the commission fee for both directions of each account will be doubled. specifically, Raw Spread is 7 USD/lot and 0.4 USD/lot with Zero Exness.
So in the above article, EX Trading has compiled all the information about the Exness zero account. Surely with the above information stated above. It is somewhat easier for readers to distinguish between these two types of accounts. Thank you readers for your time. Hopefully, EX Trading will bring you more useful information.
