Exness Accounts Overview
Overview of Exness Account Types
Exness offers a diverse range of trading accounts to cater to various trader preferences and experience levels in the UAE market. The account types are designed to accommodate different trading styles, from beginners to professional traders. Exness provides Standard accounts, Professional accounts, and Islamic accounts, each with unique features and benefits. These accounts allow traders to access a wide array of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. The selection of an appropriate account type is crucial for optimizing trading performance and aligning with individual financial goals.Standard Account Options
Exness Standard accounts are suitable for traders of all experience levels, offering a balance between accessibility and advanced features. These accounts provide access to a wide range of trading instruments with competitive spreads and no commissions. The Standard account category includes two subtypes: Standard and Standard Cent. The Standard account operates with standard lot sizes, while the Standard Cent account uses cent-based trading, allowing for smaller position sizes and reduced risk exposure.| Feature | Standard Account | Standard Cent Account |
| Minimum Deposit | $1 | $1 |
| Spread | From 0.3 pips | From 0.3 pips |
| Commission | No commission | No commission |
| Maximum Leverage | Up to 1:2000 | Up to 1:2000 |
| Trading Instruments | Forex, Metals, Cryptocurrencies, Stocks, Indices | Forex, Metals |
Standard Account Benefits
The Standard account offers several advantages for traders:
- Low minimum deposit requirement
- Commission-free trading
- Access to a wide range of trading instruments
- Competitive spreads on major currency pairs
- Suitable for both novice and experienced traders
Professional Account Types
Exness Professional accounts are tailored for experienced traders who require advanced trading conditions and tighter spreads. These accounts are divided into three subtypes: Pro, Zero, and Raw Spread. Each Professional account offers unique features to cater to specific trading strategies and preferences. Professional accounts typically require a higher minimum deposit but provide enhanced trading conditions in return.
Pro Account Features
The Pro account is designed for traders seeking premium conditions:
- Spreads from 0.1 pips
- No commission on trades
- Maximum leverage up to 1:2000
- Access to all available trading instruments
- Advanced order execution
Zero and Raw Spread Accounts
The Zero and Raw Spread accounts are specialized Professional account types offering ultra-tight spreads with a commission structure. The Zero account provides zero spread on major currency pairs, while the Raw Spread account offers institutional-grade raw spreads. These accounts are particularly suitable for high-volume traders, scalpers, and those employing algorithmic trading strategies. Both account types require a minimum deposit of $200 and offer maximum leverage of up to 1:2000.
Zero vs. Raw Spread Comparison
Key differences between Zero and Raw Spread accounts:
- Zero Account: Zero spread with a small commission per lot
- Raw Spread Account: Ultra-low spreads with a higher commission per lot
- Zero Account: Ideal for high-frequency trading strategies
- Raw Spread Account: Suitable for large volume traders
- Both offer access to all available trading instruments
Islamic Account Option
Exness provides Islamic accounts, also known as swap-free accounts, for traders adhering to Islamic financial principles. These accounts do not involve the payment or receipt of interest (swap) on overnight positions, making them compliant with Sharia law. Islamic accounts are available for both Standard and Professional account types, maintaining the same trading conditions as their conventional counterparts, except for the swap-free feature.
Account Type | Islamic Option Available | Swap-Free Duration |
Standard | Yes | Unlimited |
Pro | Yes | Unlimited |
Zero | Yes | Unlimited |
Raw Spread | Yes | Unlimited |
Account Opening Process
Opening an Exness account is a straightforward process designed to get traders started quickly. Prospective clients can initiate the account opening procedure through the Exness website or mobile app. The process involves providing personal information, selecting the desired account type, and completing the verification steps. Exness employs a digital verification system to expedite the account approval process while ensuring compliance with regulatory requirements.
Required Documentation
To complete the account verification process, traders typically need to submit:
- Valid government-issued ID (passport or national ID card)
- Proof of residence (recent utility bill or bank statement)
- Additional documents may be required based on account type and jurisdiction
Account Funding and Withdrawals
Exness offers a variety of funding options to cater to UAE traders’ preferences. Deposits can be made using bank transfers, credit/debit cards, and popular e-wallets. The minimum deposit amount varies depending on the chosen account type and payment method. Withdrawals are processed efficiently, with many methods offering instant transactions. Exness does not charge fees for deposits or withdrawals, although third-party payment providers may apply their own charges.
Popular Payment Methods in UAE
Exness supports several payment options favored by UAE traders:
- Local bank transfers
- International wire transfers
- Credit/debit cards (Visa, Mastercard)
- E-wallets (Skrill, Neteller)
- Cryptocurrency transfers
Account Management Tools
Exness provides a suite of account management tools to help traders monitor and optimize their trading activities. These tools are accessible through the personal area on the Exness website and mobile app. Traders can view detailed account statements, track performance metrics, and generate custom reports. The platform also offers real-time monitoring of open positions, margin levels, and account balance. Additionally, Exness provides risk management features such as stop-loss and take-profit orders to help traders control potential losses and secure profits.
Tool | Function | Benefit |
Account Summary | Overview of account balance, equity, and open positions | Quick insight into account status |
Trading History | Detailed record of past trades and transactions | Analysis of trading performance |
Margin Calculator | Calculation of required margin for potential trades | Proper position sizing and risk management |
Economic Calendar | Schedule of important economic events and releases | Informed decision-making based on market events |
Frequently Asked Questions:
Yes, Exness allows traders to change their account type after opening. You can request an account type change through your personal area or by contacting Exness customer support. However, certain conditions may apply, such as meeting minimum deposit requirements for Professional accounts.
Exness does not currently charge inactivity fees on trading accounts. However, it’s recommended to review the most current terms and conditions, as policies may be subject to change. Regular account activity helps maintain familiarity with the platform and market conditions.
Yes, Exness allows traders to open multiple accounts under a single registration. This feature enables traders to implement different strategies or trade various instruments separately. Each account can be of a different type (e.g., Standard, Pro, Zero) and can be managed from the same personal area.
