Exness Account Type

Exness offers several types of trading accounts tailored to different trading styles and experience levels. Heres a breakdown of the account types available:

• Standard Accounts:
• Minimum Deposit: $10 (approximately GHS 156)
• Account Types: Standard Account and Standard Cent Account
• Who It‘s For: Ideal for beginners or traders with limited capital.
• Benefits: Commission-free with spreads starting at 0.2 pips. The Standard Cent Account allows trading in cent lots, which reduces risk for new traders.
• Professional Accounts:
• Minimum Deposit: $500 (around GHS 7,815)
• Account Types: Pro, Raw Spread, and Zero Accounts
• Who It’s For: Experienced traders seeking tighter spreads and advanced tools.
• Benefits: Offers spreads as low as 0.1 pips and faster execution speeds, suitable for scalpers.
• Social Trading Accounts:
• Minimum Deposit: $500 (GHS 7,815) for Social Standard; $2,000 (GHS 31,260) for Social Pro
• Who It‘s For: Traders who want to share their strategies and earn from copy trading.
• Benefits: Allows traders to monetize their skills by letting others copy their trades.
• Islamic Swap-Free Accounts:
• Minimum Deposit: Same as the chosen account type ($10 for Standard, $500 for Professional)
• Who It’s For: Traders adhering to Sharia principles.
• Benefits: No overnight fees, making it cost-effective for long-term trading.

Exness Broker Account Opening Process

Opening an account with Exness is a straightforward process. Heres how to do it:

• Visit the Exness Website: Go to the official Exness website or download their app.
• Register: Click on “Open Account,” fill in your personal details (name, email, phone number, and country), and agree to the terms.
• Verify Your Account: Upload a government-issued ID (passport or Ghana card) and proof of residence (utility bill). Verification usually takes 1-3 business days.
• Choose an Account Type: Select the account type that suits your trading goals (Standard, Professional, Social, etc.). Beginners may start with a demo account for practice.
• Deposit Funds: Use local payment methods like mobile money, bank cards, or e-wallets. The minimum deposit is as low as $10 for Standard accounts.
• Start Trading: Download the trading platform (MT4, MT5, or Exness Terminal) and begin trading in forex, cryptocurrencies, or commodities.

By following these steps, traders can easily set up their Exness accounts and start their trading journey.