Overview of Exness Account Types: Characteristics and Insights
Updated 18.11.2024
Depending on whether you are a beginner or an experienced trader, you may need different conditions and types of accounts for trading. In our detailed review, find out everything you need to know about the different types of Exness accounts. This will allow you to make an informed decision before embarking on your trading journey.
Account Types
Accounts are designed to cater to a broad spectrum of traders, from novices to professionals. They offer a blend of features that can accommodate different trading strategies, volumes, and preferences. Investors have a choice of 5 distinct account types, grouped into two main categories: Standard and Professional. Within the Standard category, you'll find the Standard and Standard Cent types. For the Professional category, it encompasses the Pro, Zero, and Raw Spread.
Standard Accounts
Commission-free trading accounts, abundant with features, tailored to meet the demands of modern traders. Register now and discover the benefits of our most popular account!
To learn more
To learn more
Open Standard Account
Professional Accounts
Especially for experienced traders who demand more from their trading environment, including spreads from 0 pips and professional trading tools.
Try it now!
To learn more
Try it now!
To learn more
Open Professional Account
How to Register
Registering is a straightforward process. Prospective traders need to visit the Exness website, choose their desired account type, and fill out the registration form. Verification involves submitting identification documents to comply with regulatory requirements.
- 1Step 1.Complete the sign-up form via the link given for swift access.
- 2Step 2.Proceed to "My Account" and choose the "Open new account" option.
- 3Step 3.Decide between MT5 or Metatrader 4.
- 4Step 4.Indicate whether you need a standard or professional account.
- 5Step 5.Opt to initiate either a demo or a live trading profile.
- 6Step 6.Fill in the registration form with your details to finalize setting up your profile.
Every account operates on either the MT4 or MT5 platform. Most types of trading accounts offer both options, except for the Standard Cent, which is exclusive to MT4. An account designated for MT4 or MT5 can solely trade on its corresponding platform. Meanwhile, mobile app and web Terminal functionalities are confined to those holding MT5 trading accounts.
Demo account
Demo trading is accessible for all Exness account types, with the sole exception of the Standard Cent account.
When you create a demo account, you are awarded a virtual amount with which you can explore the functions of the platform. You can top up your demo for free to the amount you need. Use a demo account in desktop applications, mobile applications or on the web platform absolutely free and without time limits!
When you create a demo account, you are awarded a virtual amount with which you can explore the functions of the platform. You can top up your demo for free to the amount you need. Use a demo account in desktop applications, mobile applications or on the web platform absolutely free and without time limits!
Standard accounts
A starting point for beginners or those traders looking for simple trading techniques.
Standard account
Standard account caters to both newcomers and seasoned traders, offering the widest array of trading conditions. Designed for maximum accessibility, this account allows traders to explore the full spectrum of trading instruments available, making them a versatile choice for a diverse trading community.
Key Attributes
- Offers consisent spreads, dependable execution, and zero commission of trading.
- Access to trade over 120 different currency pairs and financial instruments.
- Market execution ensures orders are processed without any requotes.
Details
Standard Cent
Standard Cent accounts are perfectly tailored for novice traders and those eager to explore new trading tactics, featuring the smallest trade volumes compared to other accounts. Unique for its use of cent lots, this is further elaborated below.
Top Features
- Exclusive use of cent lots for trading.
- Consistent spreads, dependable execution, and zero commission on trades.
- Market execution ensures orders are processed without requotes.
- Offers access to up to 36 different trading instruments.
What are cent lots?
Cent distinguishes itself by valuing trade volumes in cent lots (where 1 cent lot equals 100,000 cents or USD 1,000), in contrast to the Standard and Professional accounts which use lots (with 1 lot equating to 100,000 units of the base currency). With a minimum trade volume set at 0.01 cent lots Standard Cent offers an excellent sandbox for practicing with minimized risk.
The balance of a Cent account is displayed in cents or any chosen cent-based currency. Hence, a deposit of USD 5 will show as USC 500 (500 cents) in the account, not as USD 5.
The balance of a Cent account is displayed in cents or any chosen cent-based currency. Hence, a deposit of USD 5 will show as USC 500 (500 cents) in the account, not as USD 5.
Details
Professional accounts
Professional accounts cater to seasoned traders seeking advanced features in their trading arena, with the benefit of narrower spreads and enhanced trading instruments.
Raw Spread
Raw Spread cater to skilled traders seeking extremely low and consistent spreads, setting them apart from typical market-maker accounts by adopting a fixed commission model. Grasping the application of trading commissions to Raw Spread accounts is crucial, as detailed below.
Top Features
- Exceptionally low spreads.
- A set trading commission per lot, which varies according to the trading instrument.
- Unlimited open positions allowed at any time.
- Market execution ensures orders are executed without requotes.
- The commission rate is up to USD 3.50 per lot per direction for most trading instruments but can vary.
Zero
Zero accounts focus on market execution orders, delivering zero spread on the leading 30 trading instruments for 95% of the day. For the rest of the trading instruments, zero spread is available for 50% of the trading time, influenced by market volatility.
Top Features
- Unlimited opening of orders.
- Market Execution reduces the likelihood of requotes.
- Optimally designed for the application of Expert Advisors.
- Trading commissions are low, beginning at USD 0.05 per lot per side, depending on the trading instruments.
Details
Pro
The Pro account caters specifically to the needs of seasoned and professional traders. It's adaptable to various trading approaches, including day trading and automated strategies, and offers a choice between market or instant order executions.
Top Features
- Unlimited orders are allowed for opening.
- Enables trading in smaller quantities (with a minimum volume of 0.01 lots).
- Most instruments support instant order execution, although requotes may occur.
- Competitive spreads, beginning at just 0.1 pip.
Details
VIP
Unlock the world of opportunities with Exness Premier VIP account, meticulously crafted for traders who demand more. The Premier programme is a loyalty scheme rewarding our most active and loyal Premier members with a suite of exclusive benefits that escalate as they qualify for higher and more prestigious membership tiers.
At Exness, we recognise that one size does not fit all. That’s why the Premier VIP account is more than just an account; it’s a powerful trading hub that can be tailored to match your unique trading style. Revel in advanced leverage options and sophisticated risk management tools that align seamlessly with your trading strategy.
At Exness, we recognise that one size does not fit all. That’s why the Premier VIP account is more than just an account; it’s a powerful trading hub that can be tailored to match your unique trading style. Revel in advanced leverage options and sophisticated risk management tools that align seamlessly with your trading strategy.
Exclusive Benefits for Premier VIP Members:
- Competitive Edge with Lower Spreads and Fees: Gain a market advantage with some of the most competitive spreads and commission rates available, significantly boosting your trading margin.
- Priority Support and Customized Trading Assistance: Receive unparalleled support from a dedicated client account manager and priority customer service, ensuring a smooth and uninterrupted trading journey.
- Advanced Tools and Resources: As an Exness Premier, gain exclusive access to state-of-the-art comprehensive analytics, trading tools and expert insights, enabling you to stay ahead of market trends.
Social Trading
Social Trading simplifies the trading process, as investors have the capability to mimic the transactions of seasoned traders, with both parties benefiting from profitable trades. Thanks to an impressive array of tools, complete control over your investments is literally at your fingertips.
Social Standard
Begin your journey as a strategy provider by opening a Social Standard account.
Begin your journey as a strategy provider by opening a Social Standard account.
- $500
- From 1 pips
- No commission
Open a Social Standard account
Social Pro
Advance as a strategy provider with your Social Pro account.
Advance as a strategy provider with your Social Pro account.
- $2000
- From 0.6 pips
- No commission
Open a Social Pro account
To start social trading:
- Upon accessing your Personal Area, navigate to Social Trading via the menu on the left-hand side.
- Tap on Join Now, and proceed by completing the verification steps for your account.
- You'll then be directed to a page where you can create a new strategy. Here, input the name of the strategy, a brief description, and a password.
- Choose your account type, set the commission rate, and select leverage, then click on Continue.
- Your new strategy is now established, with the option to initiate your first deposit.
FAQ
Starting trading without any initial funds can be approached through utilizing demo accounts to practice without financial risk.
Yes, broker offer an Islamic account option, also known as a swap-free account, which complies with Sharia law by not involving any swaps or interest rates for overnight positions.
The optimal account depends on the unique needs of each trader. For novices, Standard accounts offer a user-friendly introduction to trading, whereas seasoned traders may prefer Professional accounts for their reduced spreads and commission rates.
To delete your account, you should contact customer support directly. They will guide you through the process and help ensure that all your funds are safely withdrawn before account deletion
Yes, you can switch between Exness account types. This versatility enables traders to tailor their trading approaches and experiment with various account functionalities to discover the optimal fit for their trading preferences.