Exness Account Types

Exness offers several types of trading accounts tailored to meet the diverse needs of traders. The main account types include:

• Standard Account:
• Minimum Deposit: $10 (payment processor dependent)
• Average Forex Spreads: 0.0 pips (commission-based) / 0.6 (commission-free)
• Commissions: $7 per 1.0 standard round lot (forex)
• Features: No minimum deposit required; commission-free cost structure.
• Standard Cent Account:
• Minimum Deposit: $10
• Features: Ideal for beginners, allowing nano-lot transactions with similar trading fees as the standard account.
• Raw Spread Account:
• Minimum Deposit: $200
• Average Forex Spreads: 0.0 pips
• Commissions: $7.00 per round lot
• Features: Commission-based account with competitive spreads.
• Zero Account:
• Minimum Deposit: $200
• Features: Similar to the Raw Spread account but with lower trading fees, ideal for index and cryptocurrency traders.
• Pro Account:
• Minimum Deposit: $200
• Features: Commission-free with lower trading fees, suitable for forex, commodity, and equity traders.
• Islamic Account:
• Features: Swap-free trading options available for clients from Islamic countries, compliant with Islamic finance principles.

Exness Broker Account Opening Process

Opening a trading account with Exness involves a straightforward process:

• Choose a Reputable Forex Broker:
• Ensure the broker is regulated by recognized authorities.
• Complete the Registration:
• Visit the Exness website and click on the "Open Account" button.
• Fill out the registration form with personal information like name, email, and phone number.
• Verify Your Identity:
• Provide scanned copies of identification documents (passport or drivers license) and proof of residence (utility bill or bank statement).
• Choose Your Trading Account Type:
• Select from the various account types based on your trading style and risk tolerance.
• Deposit Funds:
• After account approval, deposit funds using methods like bank transfer, credit/debit cards, or e-wallets. The minimum deposit varies by account type.
• Download Trading Platform:
• Download popular trading platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
• Start Trading:
• With your account funded and the trading platform installed, begin by conducting market research and formulating a trading strategy.

By following these steps, you can efficiently open an Exness trading account and start your trading journey.