• January 17, 2023
• BrokerIdeas
• News & Blog

EXNESS’ Range of Account Types: Which One is Right for You?

When it comes to online trading, choosing the right account type is an important decision. The account type you choose will have a significant impact on your trading experience and your chances of success. In this article, we will take a look at the different account types offered by EXNESS and help you determine which one is right for you.

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Standard Account

Suitable for beginners and experienced traders

The Standard account is the most popular account type offered by EXNESS. It is suitable for both beginners and experienced traders. The account offers a wide range of instruments and platforms, including Forex, Metals, Energy, and Indices. The minimum deposit for this account is $1 and it is available in all currencies.

Leverage up to 1:2000

The Standard account offers leverage of up to 1:2000, which allows traders to open large positions with a small amount of capital. However, it’s important to remember that higher leverage can also increase the risk of losses.

Cent Account

Suitable for traders with a small deposit

The Cent account is designed for traders who want to start trading with a small deposit. The minimum deposit for this account is $1 and it is available in all currencies. The account offers a wide range of instruments and platforms, including Forex, Metals, Energy, and Indices.

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Trading in cents

The most unique feature of the Cent account is that it allows traders to trade in cents, rather than dollars. This allows traders to open small positions and test their strategies with minimal risk.

ECN Account

Suitable for scalpers and experienced traders

The ECN account is suitable for scalpers and experienced traders who want to benefit from the best prices and low spreads. The minimum deposit for this account is $1,000 and it is available in all currencies. The account offers a wide range of instruments and platforms, including Forex, Metals, Energy, and Indices.

Direct access to the market

The ECN account gives traders direct access to the market and allows them to trade at the best prices. The account also offers leverage of up to 1:500, which allows traders to open large positions with a small amount of capital.

ECN Zero Account

Suitable for professional traders

The ECN Zero account is designed for professional traders who want to benefit from the best prices, low spreads, and no markups. The minimum deposit for this account is $1,000 and it is available in all currencies. The account offers a wide range of instruments and platforms, including Forex, Metals, Energy, and Indices.

Tightest spreads

The ECN Zero account offers the tightest spreads and no markups, which allows traders to make the most out of their trades. The account also offers leverage of up to 1:500, which allows traders to open large positions with a small amount of capital.

Platforms and Tools

Available trading platforms

EXNESS offers a variety of trading platforms, including the popular MetaTrader 4 and MetaTrader 5 platforms, as well as mobile trading apps for iOS and Android devices. These platforms provide traders with access to a wide range of trading instruments, technical analysis tools, and advanced charting capabilities.

Additional tools and features

In addition to the standard trading platforms, EXNESS also offers additional tools and features such as VPS hosting, auto-trading, and social trading. These tools can help traders to improve their trading strategies and increase their chances of success.

Customer Service and Support

Available languages

EXNESS offers customer service and support in a variety of languages, including English, Chinese, Russian, and Arabic. This allows traders from different backgrounds to easily access the support they need.

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24/7 availability

The customer service and support team is available 24/7, which means traders can reach out for help at any time. This can be especially useful for traders operating in different time zones or for those who encounter unexpected issues while trading.

Security and Regulation

Regulatory compliance

EXNESS is a regulated broker and complies with the regulations set by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the Financial Services Authority (FSA) in the Seychelles. This means that traders can have confidence that their funds and personal information are being handled in a safe and secure manner.

Strong security measures

EXNESS also implements strong security measures to protect trader’s personal information and funds. This includes SSL encryption, two-factor authentication, and segregated accounts for client funds.

Bonus and Promotions

Available bonuses and promotions

EXNESS offers a variety of bonuses and promotions to its traders. These can include welcome bonuses, deposit bonuses, and cashback on trading volume. These bonuses can provide traders with additional funds to trade with and can help to increase their chances of success.

Terms and conditions

It’s important to note that bonuses and promotions are subject to terms and conditions, and traders should carefully read and understand these terms before accepting any bonus or promotion. This can help to ensure that they fully understand the requirements and restrictions that may apply.

Education and Resources

Educational materials

EXNESS offers a variety of educational materials such as webinars, e-books, and video tutorials to help traders improve their knowledge and skills. These materials cover a wide range of topics, including technical analysis, fundamental analysis, and risk management.

Market analysis and news

EXNESS also provides market analysis and news updates to keep traders informed of the latest developments in the financial markets. This can help traders to make more informed trading decisions and stay ahead of market trends.

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Payment and Withdrawal Options

Available payment and withdrawal methods

EXNESS offers a variety of payment and withdrawal options, including bank transfer, credit/debit cards, and e-wallets such as Skrill, Neteller, and WebMoney. This allows traders to choose the method that is most convenient for them and can help to ensure a smooth and efficient process.

Fees and processing times

It’s important to note that different payment and withdrawal methods may have different fees and processing times. Traders should carefully review these details before making a decision and ensure that they are comfortable with the fees and processing times associated with their chosen method.

Mobile Trading

Mobile trading apps

EXNESS offers mobile trading apps for both iOS and Android devices, which allow traders to access the markets and manage their trades on the go. The mobile apps provide a similar functionality as the web platform and can help traders to stay connected and make trades even when they are away from their desk.

Push notifications

The mobile apps also offer push notifications, which keep traders updated on the latest market developments and price movements, and can help them to stay on top of their trades and make informed decisions.

Affiliate Program

Earning potential

EXNESS offers an affiliate program that allows traders to earn commissions by referring new clients to the broker. The program offers a competitive commission structure and the potential to earn significant income through the referral of new clients.

Marketing materials

EXNESS provides its affiliates with a range of marketing materials including banners, landing pages, and links to help them promote the broker to potential clients. This can make it easier for affiliates to generate leads and increase their earning potential.

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Islamic Accounts

Compliance with Islamic laws

EXNESS offers Islamic accounts that are compliant with Islamic laws and principles, which prohibits charging or paying interest. These accounts are designed specifically for traders who follow the Islamic faith and do not wish to engage in interest-based transactions.

Swap-free trading

Islamic accounts offered by EXNESS are swap-free and follows the principles of no overnight interest or rollovers, which is compliant with Islamic laws. This allows traders to engage in trading without any interest-based transactions.

Conclusion

EXNESS is a reputable online broker that offers a wide range of account types to suit the needs of different traders. The Standard account is suitable for beginners and experienced traders, the Cent account is designed for traders with a small deposit, the ECN account is suitable for scalpers and experienced traders, and the ECN Zero account is designed for professional traders.

EXNESS also offers a variety of platforms and tools, including MetaTrader 4 and 5, mobile trading apps, VPS hosting, auto-trading, and social trading. The broker provides customer service and support in multiple languages and is available 24/7. Additionally, EXNESS is a regulated and comply with regulations set by FCA, CySEC, and FSA, which provides traders with the confidence that their personal information and funds are being handled in a safe and secure manner.

EXNESS offers a variety of bonuses and promotions to its traders that can provide additional funds to trade with and can help to increase their chances of success. It’s important to note that these bonuses and promotions are subject to terms and conditions, and traders should carefully read and understand these terms before accepting any bonus or promotion.

EXNESS also provides a wide range of educational materials, such as webinars, e-books, video tutorials, and market analysis and news updates, to help traders improve their knowledge and skills and stay informed about the latest developments in the financial markets.

EXNESS offers a variety of payment and withdrawal options, including bank transfer, credit/debit cards, and e-wallets such as Skrill, Neteller, and WebMoney, allowing traders to choose the method that is most convenient for them. Different payment and withdrawal methods may have different fees and processing times, and traders should carefully review these details before making a decision.

➔ Click Here for Detailed Review
Take a look at our in-depth analysis of this broker.

 

 

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