Account types available to traders at Exness broker

Account types in Exness broker

Here’s a detailed overview of the types of accounts available at Exness, a well-known trading broker. Each account type is designed to cater to different trading needs, skills, and capital levels. Below, you’ll find a breakdown of each account type along with their features.

1. Standard Accounts

This account type is designed for beginner traders who want to trade in a straightforward manner. It offers a user-friendly experience with no complex features.

Key Features:

• Minimum Deposit: $1
• Leverage: Up to 1:2000
• Spread: Variable spreads starting from 0.3 pips
• Commission: No commission on trades

Access to various financial instruments including Forex, commodities, and cryptocurrencies. Orders are executed at market prices.

1.2 Standard Cent Account

Ideal for beginners who wish to trade with smaller amounts. The cent account allows traders to make smaller trades and learn the ropes without significant financial exposure.

Key Features:

• Minimum Deposit: $1
• Leverage: Up to 1:2000
• Spread: Variable spreads starting from 1 pip
• Commission: No commission on trades

Limited to Forex and some commodities. Orders are executed at market prices.

2. Professional Accounts

Designed for experienced traders, the Pro account offers tighter spreads and the ability to trade larger volumes.

Key Features:

• Minimum Deposit: $200
• Leverage: Up to 1:2000
• Spread: Variable spreads starting from 0.1 pips
• Commission: May apply depending on the trading volume (e.g., $3.5 per lot per side).

Access to a wide range of instruments including Forex, CFDs on indices, metals, and energies. Fast market execution.

2.2 Zero Account

The Zero account is tailored for high-volume traders who prefer to trade with tight spreads.

Key Features:

• Minimum Deposit: $500
• Leverage: Up to 1:2000
• Spread: Variable spreads starting from 0 pips
• Commission: Commission on trades ($3.5 per lot per side).

Extensive range of instruments including Forex, commodities, and cryptocurrencies. Fast market execution.

3. ECN Accounts

This account type provides direct market access with the best available prices from liquidity providers, ideal for scalpers and algorithmic traders.

Key Features:

• Minimum Deposit: $300
• Leverage: Up to 1:2000
• Spread: Variable spreads starting from 0 pips
• Commission: Commission applies ($3.5 per lot per side).

Access to Forex, CFDs on commodities, stocks, and indices. Low latency execution.

3.2 ECN Zero Account

Similar to the ECN account but with no spreads, catering to traders who prefer to avoid spread costs.

Key Features:

• Minimum Deposit: $500
• Leverage: Up to 1:2000
• Spread: No spreads (0 pips)
• Commission: Commission applies ($3.5 per lot per side).

Comprehensive range of instruments. Enhanced execution speed with minimal slippage.

4. Islamic Accounts

An account that complies with Sharia law, suitable for Muslim traders who cannot engage in transactions involving interest.

Key Features:

• Available for: Standard, Pro, and ECN accounts.
• Swap-Free: No overnight interest swaps are charged.
• Minimum Deposit: Varies based on the chosen account type.
• Trading Conditions: Same as the selected account type (Standard, Pro, ECN).

Exness offers a variety of account types to cater to different trading styles, experiences, and capital levels. Whether you are a beginner looking to start trading or an experienced trader seeking advanced features, you can find a suitable account that meets your needs. Be sure to consider factors like minimum deposit, spreads, commissions, and available leverage when choosing an account.

Features of a demo account in Exness

A demo account with Exness works like a practice ground for new traders. It’s a virtual account where you can get used to the platform and try out trading without putting any real money at risk. The demo account mirrors what it’s like to trade for real, giving you access to all the same features and tools you’d find in a live account. Instead of actual funds, it’s loaded with virtual currency, so you can make trades, study market trends, and test out different strategies in real-time. This setup is especially helpful for beginners who want to gain confidence and understand how the markets work before diving into live trading. It lets users try out different instruments and trading methods without any financial risk, helping them develop their own trading style.

Advantages of Using a Demo Account with Exness

1. Risk-Free Learning: Traders can practice without the fear of losing actual money, which is crucial when you’re learning or trying out new ideas.
2. Getting to Know the Platform: Users have the chance to explore all the features of Exness’s trading platform, such as charting tools, technical indicators, and order types, making it easier to become proficient.
3. Developing Strategies: The demo account lets traders try out different strategies in real-time market conditions, helping them figure out what works best for their trading approach.
4. Sharpening Market Analysis: It’s a great way to practice analyzing the market by using both fundamental and technical indicators, all without the pressure of financial risk.
5. Building Emotional Discipline: Since you’re trading with virtual money, you can focus on honing your emotional discipline and decision-making, which is vital when transitioning to live accounts.
6. Mastering Risk Management: Traders can experiment with various risk management strategies, seeing firsthand how they affect their performance, which helps in crafting a solid risk management plan.
7. Ongoing Learning: Even experienced traders can make the most of demo accounts by testing new strategies or adjusting to market changes without worrying about financial consequences.
8. No Rush: There’s usually no time limit on how long you can use a demo account, so you can take all the time you need to learn and practice.

Exness’s demo account is a fantastic tool for both beginners and seasoned traders. It provides a risk-free environment where you can sharpen your skills, gain confidence, and get ready for live trading without the financial stress.

Start of trading in the trading broker Exness

The first step is setting up an account on the Exness platform. It’s a simple process—just enter your name, email address, and phone number. After that, you’ll receive a confirmation email to verify your account and unlock access to the trading environment.

Once you’re logged in, it’s a good idea to take some time to get familiar with the platform’s features and tools. Exness has an easy-to-use interface and offers plenty of resources to help you along the way. You can explore educational materials, market analysis, and trading signals that provide valuable insights into market trends. These tools are designed to boost your trading knowledge and help you make informed decisions.

When you feel confident navigating the platform, you can deposit funds into your trading account. Exness supports a variety of payment options, like bank transfers, credit/debit cards, and e-wallets. Choose the method that’s most convenient for you and be sure to check the minimum deposit required for the type of account you select.

Exness offers different account types, each suited to various trading styles and preferences. You can pick from standard accounts, pro accounts, and specialized options that come with varying spreads, leverage, and trading conditions. It’s important to choose an account type that matches your trading strategy and risk tolerance.

With funds in your account, you’re ready to start trading. The platform gives you access to a wide range of financial instruments, including forex, commodities, indices, and cryptocurrencies. Before jumping into trades, it’s a good idea to develop a solid trading plan. Think about your goals, risk management strategies, and your criteria for entering and exiting trades. Sticking to a well-defined plan can be key to successful trading.

As you begin to place trades, you can take advantage of the platform’s analysis tools and charts. Exness offers advanced charting options, allowing you to track price movements and spot potential opportunities. You can also apply various technical indicators to help with your analysis, which can be crucial in making well-informed trading decisions.

If you’re new to trading, Exness has a demo account feature that’s perfect for practice. This allows you to get comfortable with the platform without risking any real money. You can try out different strategies and build your confidence before moving on to live trading.

Once you’re trading with real funds, it’s important to keep an eye on your trades and adapt to market conditions. Exness provides tools like stop-loss and take-profit orders to help you manage risk and secure profits. Always monitor your trading performance and be ready to tweak your strategies if needed.

How to Trade in Exness in MT5

MetaTrader 5 (MT5) is a powerful trading platform widely used by traders around the world. With its advanced charting capabilities, numerous technical indicators, and support for automated trading through Expert Advisors (EAs), MT5 is a popular choice for both novice and experienced traders. When combined with Exness, a reputable broker known for its competitive spreads and various account types, MT5 can enhance your trading experience significantly. Here’s a detailed guide on how to use the MT5 trading platform for trading with Exness.

Step 1: Opening an Exness Trading Account

1. Visit the Exness Website: Start by visiting the Exness official website and click on the “Sign Up” or “Open Account” button.
2. Choose Account Type: Exness offers several account types, including Standard, Pro, and Zero accounts. Select the one that best fits your trading style and needs.
3. Complete the Registration Form: Fill in your personal details, including your name, email address, and phone number. Create a strong password for your account.
4. Verify Your Account: Follow the verification process as required by Exness. This typically involves uploading identification documents and proof of residence.
5. Fund Your Account: Once your account is verified, log in to the Exness client area and choose a funding method (e.g., bank transfer, credit card, e-wallet) to deposit money into your trading account.

Step 2: Downloading and Installing MT5

Go to the Exness website, and under the “Platforms” section, find the link to download MT5. It is available for Windows, macOS, and mobile devices (iOS and Android). Follow the installation prompts. On Windows, it usually involves running the downloaded executable file. For mobile devices, install it from the App Store or Google Play. Once installed, open the MT5 application.

Step 3: Logging into MT5

On the top menu of MT5, click on ‘File’, then select ‘Login to Trade Account’. In the login window, enter the account number and password you created with Exness. Make sure to select the correct server, which you can find in the Exness client area. Choose between the “Real” and “Demo” account servers based on your preference. After entering your details, click ‘Login’ to access your trading account.

Step 4: Navigating the MT5 Interface

1. Market Watch: Displays a list of trading instruments and their current prices. You can right-click to open charts or view additional details.
2. Navigator: Contains your accounts, indicators, and expert advisors. You can add or remove items here.
3. Chart Window: The primary area where you will analyze price movements and trends. You can open multiple chart windows for different instruments.
4. Toolbox: Located at the bottom, it provides access to account information, trading history, news, and alerts.

Step 5: Setting Up Charts and Technical Analysis

• Open a Chart: Right-click on a currency pair in the Market Watch window and select “Chart Window.”
• Customize the Chart: You can adjust the time frame (from M1 to MN), choose chart types (line, bar, candlestick), and add indicators. To add indicators, go to the “Insert” menu, select “Indicators,” and choose from the list.
• Save Templates: After customizing your chart, you can save it as a template. Right-click on the chart, go to “Template,” and select “Save Template.”

Step 6: Placing Trades

1. Opening a New Order: Right-click on the currency pair in Market Watch or click the “New Order” button on the toolbar.
2. Set Trade Parameters: In the new order window, set the following parameters:
3. Symbol: The asset you wish to trade.
4. Volume: The trade size (in lots).
5. Stop Loss: Price level to limit your losses.
6. Take Profit: Price level to secure profits.
7. Order Type: Choose between a market order or pending order (Buy Limit, Sell Limit, Buy Stop, Sell Stop).
8. Submit the Order: After entering the necessary information, click the “Buy” or “Sell” button to execute your trade.

Step 7: Managing Open Positions

Open positions can be viewed in the “Trade” tab of the Toolbox. Here, you can see your current trades, profit/loss, and equity. To modify a trade, right-click on the position in the Trade tab and select “Modify or Delete Order.” You can adjust your stop loss, take profit, or close the trade entirely.

Step 8: Utilizing Automated Trading

• Install Expert Advisors (EAs): You can automate your trading strategy by using EAs. Download an EA or create your own.
• Add EA to MT5: Copy the EA file into the “Experts” folder within the MT5 directory. Restart MT5 for the EA to appear in the Navigator.
• Attach EA to Chart: Drag the EA from the Navigator onto the desired chart, configure its settings, and click “OK.”
• Enable Auto Trading: Make sure the “Auto Trading” button on the toolbar is activated to allow the EA to execute trades on your behalf.

Step 9: Monitoring and Analyzing Your Trades

To review past trades, go to the “History” tab in the Toolbox. This will show all completed trades, including profits and losses. You can use the built-in analysis tools and reports to evaluate your trading performance. This can help in refining your strategy.

Step 10: Keeping Your Account Secure

Enable Two-Factor Authentication (2FA). For added security, enable 2FA in your Exness account settings. Regularly Update Passwords. Change your passwords periodically and use strong, unique passwords for your trading account.

Using the MT5 trading platform with Exness can be an enriching experience for both new and seasoned traders. By following these detailed steps, you can effectively navigate the platform, place trades, and manage your account with confidence. Always remember to practice sound risk management strategies, keep learning, and stay informed about market conditions to enhance your trading success.

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