Types of Exness accounts are currently very diverse. In terms of each type, it has distinct features. So how do you know which account type is best suited for the best trading? Which account type should new traders use? What is the account type for traders who have a lot of expertise and experience at Exness? In this article, let EX Trading answer all your questions “from A to Z”:
What are the types of Exness accounts available at the exchange?
Exness is very concerned about trading and user experience. Therefore, after many real battles in this fierce market. Exness has created 5 types of accounts with different names and functions. Available Exness account types include Exness Standard Cent, Exness Standard, Exness Raw Spread, Exness Pro, and Exness Zero. In addition, the exchange also supports Demo accounts for market participants to try out the experience at no cost.
Each account type will meet each trader’s needs and desires. So before starting the experience, make sure you have grasped and clearly understood information about Exness account types. You must consider and choose the account type that best suits your trading goals and personal knowledge.
Standard Exness account types (Standard)
Exness offers standard account types to suit each trader’s needs and trading goals. Below is a description of the 2 standard account types that Exness offers.
Exness Standard account
The Standard account is the most widely registered account type by traders. Exness Standard with main functions helps meet most of the needs of new or less experienced traders. Surely the Standard account is a potential suggestion for real trading without worrying about too high losses. The characteristics of this type of account are low deposits. Allows trading on small lots, certainly a great choice among Types of Exness accounts for new traders.
Exness Cent Standard account
Like Exness Standard, Exness Standard Cent is also very suitable for newbie traders. With the main characteristic being a low-risk rate, the investment is not high. This account has strong advantages. This type of account is also regulated at 100 cents per USD.
Pro Exness professional account
Heard of “professional” among Types of Exness accounts. It is impossible not to mention the Exness Pro account. Because this account is often used by experienced traders. With this type of account, traders are provided with more features than the above two types. Thanks to that, transaction factors become more diverse. This helps create many advantages for users.
Exness Raw Spread Account
Surely many traders have heard of Exness’s Raee account. Regarding this type of account, the characteristic is that the deposit requirement is quite high. However, it has a highlight, Exness Raw Spread offers extremely low spreads. The Exness Raw Spread account will meet all the needs of professional investors. This is also an extremely valuable “treasure” for traders specializing in trading national currencies and international organizations around the world.
Exness Zero account
Great for players looking for extremely low spreads. For traders who are wondering between Types of Exness accounts, the Exness Zero account is the perfect suggestion. True to its name, Exness Zero has a spread of 0 compared to existing Exness account types. This is an extremely outstanding highlight compared to the above 4 account types. One issue to note is that traders need to pay a transaction fee for each executed order.
Advantages and disadvantages of Types of Exness accounts
The characteristics of Exness account types are shown through the advantages and disadvantages detailed below:
Standard account:
Advantage:
- Meets the necessary needs of participants, especially newbies.
- The deposit fee is very low.
Defect:
- The spread is quite high.
- Does not meet the requirements of professional traders.
Cent Standard account:
Advantage:
- Suitable for new and inexperienced traders.
- The currency unit is cents, which helps reduce risks and enhance trading skills.
- High flexibility in currency pair trading tools.
- Security is quite good.
Defect:
- The spread on this account is high.
- Profits for players are low.
- There are few promotions or bonuses from Exness compared to other types of Exness accounts.
Pro account:
Advantage:
- The spread on this account is low.
- Good support for technical trading analysis.
- Support for exchange rate transactions.
Defect:
- Traders need to have a lot of knowledge and experience in the field of currency trading.
- Investment fees are quite high.
- Risks easily appear in this account.
Raw Spread Account:
Advantage:
- Suitable for experienced and professional traders.
- The spread is extremely low.
- Accept transactions in many different asset types.
Defect:
- Investment fees are quite high for the account.
- Requires a lot of knowledge and experience from traders.
- Beginners are exposed to great risks.
Zero account:
Advantage:
- Spreads are as low as possible.
- Suitable for professional, experienced traders or scalping strategies.
Defect:
- The account has high investment costs.
- Not suitable for beginners or players without much knowledge or experience.
All of the above information refers to the advantages and disadvantages of each type of Types of Exness accounts. If traders still have any questions, please see the next content of EX Trading!
Compare the differences between Types of Exness accounts
If you read the previous content. Surely you can see the great similarity between Types of Exness accounts based on the information provided. Not only that, in this article we also list in detail the differences between Exness account types. To help traders distinguish more clearly between types of Exness Accounts. Let’s join EX Trading to see the differences between these account types in this information.
Comparison between standard and professional Exness account
Exness’ standard account types have low minimum deposits and no commission fees, creating favorable conditions for all traders. In particular, these accounts ensure fast market order matching speed, stable spreads and no requotes.
However, if you are an experienced trader and have a trading strategy that requires spread optimization, a professional account may be the right choice. This account type offers super low spreads, even no spreads at some times. However, to compensate for this low spread, the trader will have to pay a commission fee on each traded lot. This fee is applied to ensure balance and fairness in the provision of trading services.
Additionally, professional accounts require a higher minimum deposit than standard accounts. This means you need to invest a larger amount of capital to be able to use this account and enjoy the advantages of low spreads and customized trading conditions.
See more: Open Exness Account: Latest guide for new traders
Comparison between Zero Exness account and Exness Raw Spread account
Exness Raw Spread and Zero accounts are both professional account types. Created to meet the needs of professional traders and trading experts.
The similarity between these two account types is the low spread difference. Both Raw Spread and Zero accounts offer low spreads, helping to minimize trading costs and optimize profits. Execution is fast and efficient to meet the requirements of professional traders. Finally, there is no requote. All are guaranteed to have no requotes, helping you execute trading orders smoothly.
To have a more detailed look at the differences between these account types, you should look specifically at the commission fees, minimum deposit levels, and other trading conditions of each account type as follows:
Zero account:
- Minimum investment cost: minimum 200 USD
- Trading instruments: forex currency pairs, indices, metals, cryptocurrencies, energies.
- Trading commission: The minimum commission is 0.2 USD.
- Spread: extremely low with 0.0 pip.
- Lot size: ranges from 0.01 lots to 200 lots.
- Number of positions: no limit on number.
- Margin call: 30%.
- Platform: on MT4 and MT5 platforms.
- Stop out: 0%.
Raw Spread Account:
- Minimum investment cost: quite high at 200 USD.
- Trading instruments: forex currency pairs, metals, energies, indices, cryptocurrencies.
- Trading commission: The maximum commission is 3.5 USD.
- Spread: ranges from 0.0 pip.
- Lot size: ranges from 0.01 lots to 200 lots.
- Number of positions: unlimited number
- Margin call: 30%.
- Trading platform: at MT4 and MT5 platforms.
- Stop out: 0%.
Comparison between Standard Exness account and Standard Cent Exness account
Exness’s Standard and Standard Cent accounts are both standard account types, created specifically to suit new investors who do not have much experience trading in the market. The similarities between these two account types include ease of access and low minimum deposits. Helps beginners easily access the market without investing too much capital.
There are no commissions, helping to reduce trading costs for beginners. Both have a demo account option. Allows participants to test and become familiar with the trading environment without having to bet real money. Therefore, the information about Exness scam cannot be true.
Wide variety of basic trading instruments such as major currency pairs, commodities, and other trading products.
To have a more detailed look at the differences between these account types, you should look specifically at the commission fees, minimum deposit levels, and other trading conditions of each account type as follows:
Exness standard account (Standard Account)
- Minimum investment cost: minimum 10 USD
- Trading instruments: diverse forex currency pairs, cryptocurrencies, metals, indices, and energies.
- Trading commission: no commission.
- Spread: ranges from 0.3 pips.
- Lot size: ranges from 0.01 lots to 200 lots.
- Maximum number in order status: unlimited
- Margin calls: 60%.
- Trading platform: at MT4 and MT5 platforms.
- Stop out: 0%
Exness account professional (Cent Standard)
- Minimum investment cost: minimum 1 USD
- Trading instruments: metals, forex pairs.
- Trading commission: no commission.
- Spread: ranges from 0.3 pips.
- Lot size: ranges from 0.01 lots to 200 lots.
- Number of orders: maximum number of 1000 orders.
- Margin calls: 60%.
- Stop out: 0%.
Which Exness account should I open?
Choosing Types of Exness accounts that suit your needs and trading goals is important. Below are some suggestions for you to refer to when deciding on an Exness account type.
Suitable account types based on trading strategies
Each account type has different advantages and trading conditions, making them suitable for specific trading strategies. Below are some examples of how Exness account types can fit different trading strategies.
Exness Scalping Strategy
Scalping strategies focus on buying and selling at short-term fluctuations in the market. This strategy especially needs quick execution and low spreads. Therefore, in this case, Types of Exness accounts with low or fixed spreads are often the most suitable. Specifically:
Exness Raw Spread Account:
This is an account type specifically designed for traders performing Scalping.
Low spreads and fast execution help you buy and sell quickly at the best prices.
Exness Zero account:
With low spreads and fast execution speed, the Zero account is also suitable for Scalping.
Fixed spreads in some cases help you easily calculate transaction costs.
For Scalping, fast execution, and low spreads are important so you can optimize profits from short-term fluctuations in the market. However, you also need to note that trading strategies have risks, and applying Scalping requires good trading knowledge and skills.
Long-term strategy (Long Time), Swing
Long-term trading and swing trading strategies often focus on maintaining trading positions for extended periods, from a few days to even a few weeks. What is important in this strategy is that it does not require extremely fast execution speed like Scalping, but instead, low spreads and long-term spread stability are important.
Therefore, in this case, Types of Exness accounts like Standard can be suitable for long-term strategies and Swing trading. The Standard account offers flexible trading conditions, and low spreads and is suitable for maintaining trading positions over extended periods.
Additionally, depending on your spread priorities and other elements of your trading strategy, you may also consider an Exness Raw Spread or Zero account, depending on your specific needs. However, in the case of long-term strategies, having stable and low spreads over the long term is important, and the Standard account can provide this.
Daily Trade Strategy
Daily Trading strategies focus on executing trading orders for short periods during the day and closing all positions before the market closes. What is important in this strategy is having fast and stable execution, along with low spreads to optimize profits from daily fluctuations.
For a Daily Trade strategy, an Exness Raw Spread or Zero account may be most suitable. Both account types offer low spreads and fast execution speeds, allowing you to execute quick buy and sell orders in a short period every day.
However, the Exness Standard account can also be suitable if you prioritize spread stability over longer periods and don’t need the ultra-fast execution speeds of a professional account.
In short, the Daily Trade strategy requires low spreads and fast and stable execution. With these factors in mind, an Exness Raw Spread, Zero account, or even an Exness Standard account could be a good choice for you.
Suitable Exness account types based on investor objectives
Account types are designed to suit different types of investors, from beginners to experienced traders. Here’s how account types can suit each type of investor:
If you are a new trader with little experience in Exness
Suitable accounts: Exness Standard Cent, Exness Standard. These accounts have low minimum deposits and no commissions, making it easy for beginners and investors to learn. In addition, Exness copy trade is also a suitable choice for new traders.
If you are an experienced trader
Exness Raw Spread Account: This account offers low spreads and fast execution speeds. It is suitable for professional traders looking for accuracy and efficiency in trading.
Exness Zero Account: The Zero account offers low spreads and stability, and has a commission per lot traded. This is suitable for traders whose trading strategies require low spreads and calculating commission costs.
Exness Pro Account: The Pro account is designed for professional traders with deep market knowledge. It offers flexibility and customizable conditions to suit diverse trading strategies.
If you are a trader, priority is given to free spreads
Suitable account: Exness Raw Spread, Exness Zero
Reason: These accounts offer low spreads, suitable for those looking to optimize trading costs.
See more: Exness Bonus Program: Profitable Opportunities for Trader
What to do if you want to delete your Exness account
To delete Exness account types, you should contact Exness support for specific instructions on the account deletion process. This process may require steps and validations to ensure that you are performing operations correctly and safely. Below are the basic steps that you can refer to:
Step 1: Contact Exness support
Visit the official page and search for support contact information: Exness.com
You can find contact information on the home page or in the Help section.
Step 2: Request account deletion
Contact support via email, phone, or other means of contact and request deletion of your account. Provide the necessary authentication information to prove you are the account owner.
Step 3: Complete the deletion process
Exness support will guide you through specific steps to complete the account deletion process. This may include confirming information, providing necessary documentation, and performing final actions.
Important note: Before deleting an account, make sure you have fully withdrawn the balance and that there are no remaining trading positions or important information associated with that account.
Conclude
Types of Exness accounts are designed to meet a variety of investor needs. EX Trading hopes that traders from beginners to professional traders can choose the appropriate account type through this article.
FAQs:
I’m new to trading, which account type is right for me?
For beginners, an Exness Standard or Standard Cent account is a good choice. They offer low deposits and no commissions, allowing you to learn and familiarize yourself with the markets with ease.
Professional traders prioritize low spreads, which account type should I choose?
If you prioritize low spreads, the Exness Raw Spread or Zero account is a reasonable choice. Both accounts offer low spreads and fast execution, suitable for experienced traders.
I’m interested in strategy flexibility and customization, which account is suitable?
If you prioritize flexibility and customization, the Exness Pro account is a good choice. This account offers flexible features to suit your diverse strategies.
