Exness types of accounts are very diverse, each type has its unique features. So how do you know which account type is best for you? Which one should be used by new traders, and which one should be used by experienced traders? In this article, let’s join Learn Forex Trading to answer all your questions:
Why choose Exness?
Exness – one of the world’s leading financial market currency exchanges. With Exness, you can save on transaction fees and withdraw and deposit money in a short time. Managed by large organizations, all transactions on the exchange are completely transparent and clear. Besides, Exness always ranks at the top of votes for service and attention to users in financial magazines. To target more customers, the exchange has established Exness account types with many interesting features.
See more: Instructions for registering an Exness account
What types of accounts does Exness have?
Paying attention to the needs of traders, Exness has created 5 different account types. Exness types of accounts include Exness Standard Cent, Exness Standard, Exness Raw Spread, Exness Pro, and Exness Zero. There is also a Demo account for participants to try out the trading platform without deposit fees.
Each type of account will meet each user’s interests and desires. So before you start trading, make sure you have information about Exness types of accounts. From there, choose for yourself the most suitable type, fully meeting both your needs and personal expertise.
Demo Account – free resource among Exness types of accounts
Demo accounts were created to serve the needs of testing features on Exness. With this account, you can make currency transactions to learn more about Exness. This is a “virtual” transaction method, not using real money to pay. So you can completely rest assured to experience the operations on the exchange in advance.
Exness Demo is a very useful account, creating opportunities for players to interact with Exness. If you are not confident about investing, Exness Demo is the most accurate answer for you. Instead of wondering how much to deposit to trade like other Exness account types, Exness allows you to learn and improve your financial experience before starting.
To be able to use a Demo account, traders need to register for a separate account. Then you just need to access and try the operation until you are ready to trade for real.
Exness Standard account.
Standard accounts are the most widely registered by traders. Exness Standard meets most of the needs of new or less experienced traders. This is even more of a potential suggestion for real transactions without worrying about too high losses. With low deposits and allowing small lot trading, Standard is a great choice among Exness types of accounts for newbies.
A. Specific features of Exness Standard
- Minimum investment cost: 1 USD
- Trading instruments: forex currency pairs, cryptocurrencies, metals, indices, energies.
- Trading commission: no commission.
- Spread: from 0.3 pips.
- Lot size: from 0.01 lots to 200 lots.
- Maximum number in command status: unlimited.
- Profit protection: 0%.
- Margin call warning: 60%.
- Trading platform: on MT4 and MT5 platforms.
B. Comments on Exness Standard
Advantage:
- Meet the needs of participants, especially newbies.
- Low deposit fees.
Defect:
- High spreads.
- Does not meet the requirements of professional traders.
Exness Standard Cent account – Differences among Exness account types
Like Exness Standard, Exness Standard Cent is also suitable for beginners. Low risk rate and low investment are advantages. This type of account stipulates that each USD is 100 cents.
A. Some specific information about Exness Standard Cent
- Minimum investment cost: 1 USD
- Trading instruments: metals, forex pairs.
- Trading commission: no commission.
- Spread: from 0.3 pips.
- Lot size: from 0.01 lots to 200 lots.
- Number of orders: maximum 1000.
- Profit protection: 0%.
- Margin call warning: 60%.
B. Comments on Exness Standard Cent
Advantage:
- Suitable for newbies.
- The currency unit is cent, reduces risk, and enhances trading skills.
- High flexibility in currency pair trading tools.
- Good security.
Defect:
- High spreads.
- Profits for players are low.
- Fewer promotions and bonuses from Exness compared to other types of Exness accounts.
Exness Raw Spread Account
This type of account requires quite a high deposit. However, Exness Raw Spread offers low spreads. Exness Raw Spread will meet the needs of professional investors. This is also a bright “candidate” for traders specializing in trading national currencies and international organizations.
Details about Exness Raw Spread account
- Minimum investment cost: 200 USD.
- Trading instruments: forex currency pairs, metals, energies, indices, cryptocurrencies.
- Trading commission: maximum level is 3.5 USD.
- Spread: from 0.0 pips.
- Lot size: from 0.01 lots to 200 lots.
- A number of positions: unlimited.
- Profit protection: 0%.
- Margin warning level: 30%.
- Trading platform: on MT4 and MT5 platforms.
Exness Raw Spread Review
Advantage:
- Suitable for professional participants.
- Low spreads.
- Carry out transactions in many different types of assets.
Defect:
- Investment fees are quite high.
- Requires a lot of knowledge and experience from the player.
- Beginners are at risk of facing great risks.
Exness Pro account
As one of the three “professional” types among Exness types of accounts, Exness Pro is often used by experienced traders. With this type of account, participants are provided with more features. Thanks to that, transaction factors are more diverse, creating many advantages for users.
A. Specific points of the Exness Pro account
- Minimum investment fee: 200 USD
- Trading instruments: forex currency pairs, energies, cryptocurrencies, indices, metals.
- Trading commission: no commission.
- Spread: from 0.1 pip.
- Lot size: from 0.01 to 200 lots.
- Number of positions: Unlimited.
- Profit protection: 0%.
- Margin warning: 30%.
- Trading platform: on MT4 and MT5 platforms.
B. Reviews of Exness Pro
Advantage:
- Low spreads.
- Get support for technical trading analysis.
- Get support for exchange rate transactions.
Defect:
- Participants need to have a lot of knowledge and experience in the field of currency transactions.
- High investment fees.
- Risks easily appear.
Exness Zero account
For players looking for extremely low spreads, Exness Zero is the perfect suggestion. As the name suggests, this account type has a spread of 0 compared to other Exness types of accounts. This is an extremely superior feature compared to other account types. However, participants need to pay transaction fees for each executed order.
A. Learn specifically about the Exness Zero account
- Minimum investment cost: 200 USD
- Trading instruments: forex currency pairs, indices, metals, cryptocurrencies, energies.
- Trading commission: minimum is 0.2 USD.
- Spread 0.0 pip.
- Lot size: from 0.01 lots to 200 lots.
- Number of positions: unlimited.
- Profit protection: 0%.
- Margin warning: 30%.
- Trading platform: on MT4 and MT5 platforms.
B. Comments on Exness Zero
Advantage:
- Spreads are as low as possible.
- Suitable for professional, experienced traders or scalping strategies.
Defect:
- Has high investment costs.
- Not suitable for beginners or players without much knowledge or experience.
See more: Registering Exness broker account on your phone
How to activate Exness types of accounts?
Step 1: Access the Exness link here: https://www.exness.com
Step 2: Click the “Open Account” button on the top right corner of the Exness website.
Step 3: Enter your full personal information, then create your own password with high security.
Step 4: Choose a “Real” or “Demo” account according to your needs and interests.
Step 5: Verify identity according to Exness requirements.
Step 6: Fund your account and start your trading.
Thus, in this article Learn Forex Trading has provided everything you need to know about Exness types of accounts along with detailed reviews of each type. Through the above Review Exness, we hope readers will have an overview of Exness account types and make personal assessments. Choosing the right account for yourself is a good start. Hope you will have many successful experiences on the exchange when you find your “true love” in trading!
