How to Pick the Perfect Forex Account with Exness 2020

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2022/12/28 21 0

Dont know which of our forex accounts is the best one for you? Try our guide.

Be it long-time traders or beginners to the forex market, the question of what account to choose is one we get a lot here at Exness. The truth is, different traders have different needs. With that in mind, weve created a series of posts to help you pick the perfect match. In this post, we provide a handy guide that allows you to compare and contrast our account types to pick out the best fit for you.

Exness offers four main account types:

Cent account
Mini account
Classic account
ECN account

The Exness Cent Account: Who Is It For?

The Exness Cent account lets its owner trade currency lots denominated in cents rather than dollars. This means that even those with very small ammounts of money to invest can use them. At Exness, its possible to open an account and trade for as little as USD 1. Cent accounts are also a great option for those who want to test strategies, EAs, or ideas under real market conditions before risking large amounts of money.

Key Features:

Low deposit requirements
Designed for newbie traders
You can trade with smaller trading units (micro-lots)
Orders will be executed with market execution (no requotes)
Stable spreads
Reliable execution
No trading commissions

Does a Cent account sound right for you? Sign up for one here.

The Exness Mini Account: Who Is It For?

The Exness Mini account is a true powerhouse. While its super competitive features and trading conditions make it an excellent fit for established traders, its low requirements to open an account and trade makes it a great fit for new traders.

Key Features:

Power: Up to unlimited leverage means you only need to deposit a small amount of money to open large positions
Low Cost: Open an account for as little as USD 1 and make trades as small as 0.01 of a lot
Transparency: No commissions or hidden fees to trade
Freedom: Trade more than 120 currency pairs, precious metals like gold and silver, and even cryptocurrencies like bitcoin

Does a Mini account sound right for you? Sign up for one now and start trading today.

Other Exness Options:

While our Mini accounts have some of the tightest spreads on the market, consider the Exness Classic account for even tighter spreads
Although Mini accounts require very small amounts of money to trade with, very budget-conscious forex traders can trade even smaller amounts on an Exness Cent account

Does a Mini account sound right for you? Sign up for one here.

The Exness Classic Account: Who Is It For?

The Exness Classic account is designed specifically with the needs of experienced and professional traders in mind. Built for those trading with bigger budgets, the Classic account features up to unlimited leverage, the tightest spreads Exness offers without fees or commissions, and few restrictions on how many (or what kinds) of trades you can make.

Key Features:

Flexibility: Up to unlimited leverage means you only need to deposit a small amount of money to open large positions
Cost Efficiency: Starting at 0.1, Classic accounts feature the tightest spreads Exness offers without fees or commissions
Few Limitations: No restrictions on the types of orders and executions you can use and generous limits on the maximum volume of positions
Freedom: Trade more than 120 currency pairs, precious metals like gold and silver, and cryptocurrencies like bitcoin and litecoin. Trade with the instruments you want, the way you want to

Other Exness Options:

Classic accounts require a USD 2,000 minimum deposit to open and larger minimum position sizes than other Exness accounts to trade with. If you are working on a smaller budget, consider an Exness Mini or Cent account

Does a Classic account sound right for you? Sign up for one here.

The Exness ECN Account: Who Is It For?

The Exness ECN account is designed for forex traders in search of the tightest possible spreads. In exchange for a standard commission fee, traders with an ECN account receive their currency prices directly from the interbank market. This means transparency of pricing, the tightest spreads of any Exness account, plus a high degree of anonymity.

Key Features:

Direct Access: Allows direct access to the interbank market
Very Tight Spreads: Starting at 0.0, ECN has the tightest spreads of any Exness account
Scaleable: The ability to open positions as small as 0.01 of a lot let you trade for less
Anonymous: When trading with ECN your orders are highly anonymised and go straight to the market

Other Exness Options:

Exness’ ECN accounts require an initial deposit of at least USD 300; if you want to open an account for less, consider an Exness Mini or Cent account
ECN accounts do carry commission charges of USD 25 per million traded. If you want to trade commission-free, consider a Mini, Cent, or Classic account
While Exness’ ECN account comes with up to 1:200 leverage, other Exness accounts offer higher leverage. If high leverage is something you are looking for, consider an Exness Mini, Cent, or Classic account

Does an ECN account sound right for you? Sign up for one now and start trading today.

About Exness

The Exness Group is an international award-winning retail forex broker. Our purpose is to provide clients with accessible, transparent, reliable, and high-quality brokerage services using the latest technologies.

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