Exness Account Types

Learn everything you need to know about the Exness account types from our review and make an informed decision before opening your Exness trading account. In addition, feel free to visit our detailed Exness review.

Exness Account Types Overview

Exness Account Types

Exness offers five account types which we introduce with a quick overview.

All Exness account types offer a potentially unlimited maximum leverage (subject to local regulation), negative balance protection, margin calls between 30% and 60%, 80 account base currencies, and fast deposit and withdrawal times with a choice of payment processors.

Exness Account Types – Key Points

1. Minimum deposits between $10 and $200

2. Demo accounts available in MT4, MT5, and the web-based platform, fully customizable and without expiration

3. Ultra-competitive trading fees, including swap-free trading for all clients.

4. Well-balanced asset selection

5. Deep liquidity and market-leading order execution statistics

Exness Standard Account

The Exness Standard account requires no minimum deposit, making the minimum dependent on the payment processor. It has a commission-free cost structure, but average minimum spreads are 1.0 pips, or $10.00 per 1.0 standard round lot.

Exness Standard Cent Account

The Exness Standard Cent account only offers Forex and metals trading on MT4 with similar Exness trading fees as the Standard option. It features nano-lot transactions, making it an ideal choice for beginners to learn how to trade in live trading conditions, while more seasoned traders can test new strategies.

Exness Raw Spread Account

The commission based Exness Raw Spread account with a minimum deposit requirement of $200 features spreads from 0.0 pips for a commission of $7.00 per round lot.

Exness Zero Account

The commission based Exness Zero account is the most competitive choice for index and cryptocurrency traders. Trading conditions are identical to the Raw Spread account, except for lower trading fees.

Exness Pro Account

The commission-free Exness Pro account is identical to the Raw Spread option but with notably lower, commission-free trading fees. It is the best choice for Forex, commodity, and equity traders.

Exness Islamic Account

All traders from Islamic countries automatically get the swap-free Exness Islamic account, but Exness offers swap-free trading on many liquid assets for everyone.

How to Open an Exness Account - Step by Step

The swift online application ensures a smooth Exness account opening process.

Below is a step-by-step guide on how to open your Exness trading account:

1. Click the “Open Account” button in the top right corner of the Exness homepage.

2. Enter your country of residence, desired e-mail address, and password, and click “Continue.”

3. The web-based trading platform loads, and clicking “Real Account,” in the pop-up loads the deposit screen.

4. Account verification in compliance with regulatory AML/KYC requirements is mandatory, and only verified accounts may deposit and withdraw. Uploading a copy of a government-issued ID and one proof of residency document usually passes most traders.

5. Making the Exness minimum deposit completes the registration and setup process. Exness will e-mail confirmation, which includes account login details.

Noteworthy:

• The regulatory jurisdiction determines some of the trading conditions, and available payment processors, which can include localized options.

Restricted countries:

• Exness maintains a detailed list of 19 restricted countries, including US citizens and 106 countries where its citizens remain permitted but only if they do not reside in their country.

Citizens and residents from the below countries cannot open Exness trading accounts:

Residents within the below countries cannot open Exness trading accounts:

Exness Account Features

Exness established itself as a leading multi-asset CFD broker, and the Exness account types can ensure traders have a competitive edge.

Among the most competitive Exness account features are:

• Ultra-competitive cost structure with swap-free trading Deep liquidity and market-leading order execution statistics
• 80 account base currencies
• Balanced asset selection
• Customizable demo accounts without expiry
• Complete algorithmic trading support
• Low minimum deposit requirements

Exness Demo Account

With each account registration, Exness automatically opens a $10,000 demo account for its web-based trading platform. It also allows 100 MT4 and 100 MT5 demo accounts, fully customizable and without expiration.

Conclusion:

• Beginners can familiarize themselves with the Exness trading conditions and trading platforms
• Traders can test EAs, tweak and try new strategies, evaluate signal providers, and bug-fix algorithmic trading solutions
• Beginners should consider its limitations, like the absence of exposure to real financial loss and the psychological implications of loss.

Exness Accounts Pros & Cons

The pros of the Exness account types are:

• Ultra-competitive trading fees
• Swap-free trading on many liquid assets
• Well-trusted, secure broker, and transparent broker
• Member of the Financial Commission
• Low minimum deposit requirements
• Choice of payment processors

The cons of the Exness account types are:

• Exness prohibits residents from 106 countries and citizens from 19 countries from opening Exness trading accounts.

Bottom Line

Exness has low minimum deposit requirements, ultra-competitive trading fees, deep liquidity, and excellent order execution statistics. Among the Exness account types, the commission-based Zero account is best for index and cryptocurrency traders. The commission-free Pro alternative caters best to Forex, commodity, and equity traders. Both require a low minimum deposit of $200.

FAQs

Does Exness offer an Islamic account?

Exness offers Islamic accounts, but swap-free trading is available on many liquid assets to all traders at Exness.

Does Exness offer a bonus account?

No, Exness does not offer a bonus account.

Which account type is best at Exness?

The Exness Pro account is the best overall choice for most traders, except for indices and cryptocurrency trading, where the Zero account offers a superior option.

Does Exness offer a cash account?

No, all Exness trading accounts come with leverage, and a cash-only account does not exist.

How many Exness accounts are there?

Exness has five account types, a demo account, and an Islamic account option.

By DailyForex.com Team

The DailyForex.com team is comprised of analysts and researchers from around the world who watch the market throughout the day to provide you with unique perspectives and helpful analysis that can help improve your Forex trading.