What is Features of Standard Accounts in Exness? How to choose the right Account (beginners)

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2024/01/07 98 0

Standard Cent account

Who is the Standard Cent account best suited for?

The Standard Cent account is an account type suited to newbie traders as it allows them to trade smaller volumes with much smaller trading units (cent lots). This account offers the smallest minimum trading volumes available, ideal for testing your trading strategies.

Top features of the Standard Cent account

The only account type using cent lots (more information provided below).
Stable spreads, reliable execution and no trading commission.
Orders will be executed with market execution (no requotes).
Up to 36 currency pairs available to trade on.

Account Details

Here is a comprehensive list of details for the Standard Cent account:

Minimum Initial Deposit	Depends on the payment system
Maximum Leverage	1:Unlimited
Execution type	Market Execution
Account currencies	USC, EUC, GBC, CHC, AUC, CAC
Hedged Margin	0%
Trading instruments	Forex and Metals
Margin Call	60%
Stop Out	0%
Trading Platforms	MT4
Trading Commission	No commission charged
Swap Free Accounts (For Muslim countries)	Available
Demo accounts	Unavailable

What are Cent Lots?

Standard Cent accounts are a unique account type to Exness as the only one to measure trading volume as cent lots (1 cent lot = 100 000 cents or USD 1 000), unlike other Standard and Professional accounts which measure trading volumes as lots (1 lot = 100 000 units of base currency).

A minimum trading volume of 0.01 cent lots (1 000 cents or USD 10) ensures Standard Cent accounts are ideal for practicing trading, or putting your trading strategies to the test with less risk.

Do note that the balance for the accounts is reflected as cents, or any other available cent currency; so if you deposit USD 5, your account balance will show USC 500 (500 cents) and not USD 5.

Which countries is the Standard Cent account available in?

Standard Cent account is available in the following regions:

LATIN: Argentina, Plurinational State of Bolivia, Brazil, Bolivarian Republic of Venezuela, Guyana, Colombia, Paraguay, Peru, Suriname, Uruguay, French Guiana, Chile, Ecuador, Anguilla, Antigua and Barbuda, Aruba, The Bahamas, Barbados, Belize, Bermuda, British Virgin Islands, U.S. Virgin Islands, Haiti, Guadeloupe, Guatemala, Honduras, Grenada, Dominica, The Dominican Republic, The Cayman Islands, Costa Rica, Cuba, Martinique, Mexico, Montserrat, Nicaragua, Panama, Puerto Rico, El Salvador, Saint Kitts and Nevis, Saint Lucia, The Turks and Caicos Islands, Trinidad and Tobago, Jamaica

ASIA: Indonesia, China, Taiwan, Hong Kong, Korea, India, Thailand, The Philippines, Myanmar, Vietnam, Nepal, Bangladesh, Sri Lanka, Macao, Bhutan, East Timor, Cambodia, The Democratic Peoples Republic of Korea, The Lao Peoples Democratic Republic, Maldives

AFRICA: Ghana, Uganda, Angola, Nigeria, Zambia, Zimbabwe, The Central African Republic, South Africa, The Congo, The Democratic Republic of the Congo, Kenya, Mauritius, Benin, Botswana, Burkina Faso, Burundi, Gabon, The Gambia, Guinea, Guinea-Bissau, Djibouti, Cabo Verde, Cameroon, The Comoros, Côte dIvoire, Lesotho, Liberia, Mauritania, Madagascar, Malawi, Mali, Mozambique, Namibia, The Niger, (Ascension and Tristan da Cunha) Saint Helena, Réunion, Rwanda, Sao Tome and Principe, Seychelles, Senegal, Sierra Leone, United Republic of Tanzania, Togo, Chad, Eritrea, Ethiopia

RUSSIA: The Russian Federation, Georgia, Kazakhstan, Belarus, Ukraine, Estonia, Armenia, Uzbekistan, Azerbaijan, Mongolia, Turkmenistan, Kyrgyzstan, Tajikistan, The Republic of Moldova

ARABIC: Turkey, State of Palestine, Egypt, Libya, Lebanon, Iran, Iraq, Bahrain, Algeria, Afghanistan, Jordan, Kuwait, Morocco, Oman, Pakistan, Qatar, Saudi Arabia, Sudan, Tunisia, United Arab Emirates, Western Sahara, Yemen, Brunei Darussalam, Syrian Arab Republic

Standard account

Who is the Standard account best suited for?

The Standard account is an account type suited to new traders as well as those that already have some trading experience. Standard accounts offer an opportunity to trade small lots on the full range of asset classes available.

Top features of the Standard account

Low deposit requirements, depending on the payment system used.
Stable spreads, reliable execution, and no trading commissions.
More than 120 currency pairs and instruments available to trade.
Orders will be executed with market execution (no requotes).

Account Details

Here is a comprehensive list of details for the Standard account:

Minimum Initial Deposit	Depends on the payment system
Maximum Leverage	1:Unlimited
Execution type	Market execution
Account currencies*	Real and Demo: AED AUD ARS AZN BDT BHD BND BRL BYR CAD CHF CLP CNY COP CZK DKK DZD EUR GEL GBP GHS HKD HUF IDR ILS INR JOD JPY KES KRW KWD KZT LBP LKR MAD MXN MYR NGN NOK NZD OMR PHP PKR PLN QAR RON RUR(for MT4 accounts only) SAR SEK SGD SYP THB TND TRY TWD UGX USD UAH UZS VND ZAR Existing accounts only: MAUUSD MAGUSD MPTUSD MPDUSD MBAUSD MBBUSD MBCUSD MBDUSD
Hedged Margin	0%
Trading instruments	Forex, Metals, Cryptocurrencies, Energies, Indices, Stocks
Margin Call	60%
Stop Out	0%**
Trading Platforms	MT4 and MT5
Trading Commission	No commission charged
Swap Free Accounts (For Muslim countries)	Available

*Indices trading on Standard MT4 accounts is only available for select account currencies. For details on the exact account currencies, please refer to the contract specifications of the individual indices here.

**During stock daily break hours, the Stop Out is set at 100%. For more details, check this detailed article on Stocks.

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