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Exness How to choose an account type

If you are not familiar with Forex trading, Exness's Cent account offers a lower risk environment and the opportunity to start with a low minimum deposit of just $1.。If you have a Cent account, you can trade Cent Lots, which is 100 times smaller than Standard Lots。

Exness Learn how to open a trading account in your Personal Zone, here is a useful overview of the various account types in Exness, asExnessCustomers can choose4 account types: Cent, Mini, Classic and ECN。 Which one is right for you?

Exness Cent Account

If you are not familiar with Forex trading, ExnessCent accounts offer a lower risk environment and the opportunity to start with a low minimum deposit of just $1。If you have a Cent account, you can trade Cent Lots, which is 100 times smaller than Standard Lots。

Exness's several account types, the largest position is different, as can be seen from the table below, the ECN account can be described as unlimited, Exness's cent account has a maximum position of 100 lots。

Exness Position Lot List:

 

cents

Mini

标准

ECN

Maximum Position Size

Number of 100 US Breakups

7:00 - 20:59 (GMT+0):

200 hands

21:00 - 6:59 (GMT+0):

20 hands.

7:00 - 20:59 (GMT+0):

200 hands

21:00 - 6:59 (GMT+0):

20 hands.

Unlimited

Maximum cumulative position

Unlimited

Unlimited

Unlimited

Unlimited

Maximum number of positions

1000

100

Unlimited

2000

Exness foreign exchange position control has always been the most valuable risk prevention method for traders in foreign exchange trading.。Forex position ratios directly determine the ability of a trader's account to withstand risk。For newcomers, it is usually recommended to control the position ratio at 10% -20% of the total capital, which is a reasonable interval and the risk is relatively good。

Exness Micro Account

Exness Mini Account is an excellent starter account if you are new to Forex trading as it gives you the opportunity to trade small batches and is like a cents account with a low minimum deposit of just USD1。

You can choose1: 2 to 1: Unlimited Leverage。

Instant and market execution available。

There is a wide range of financial instruments to choose from, including forex pairs, metals and cryptocurrencies。

The minimum minimum deposit amount for a mini account is$1, order execution from 0.01 seconds, and the EX does not charge a fee for most payment system deposits and withdrawals.。

At the same time, the mini account is also the customer's favorite type of account.。However, a cent account is also possible as an experience account, and a cent account trades cents, which can be deposited first.$10 so that you have $1,000 in the account and you can open hundreds of orders to practice。For only $10, you can practice for a month, and the cost is not high。

The following are the main currency trading codes, please check the official website for details。

Transaction Code

Mini Account

AUDUSD

0.8-1.6

BCHUSD

150

BTCUSD

300

ETHUSD

80

EURUSD

0.4-1.1

GBPUSD

0.5-1.2

LTCUSD

25

NZDUSD

0.8-2.5

USDCAD

0.8-1.9

USDCHF

0.4-1.4

USDDKK

32

USDHKD

6

USDILS

90

USDJPY

0.6-1.2

USDMXN

40

USDNOK

20

USDPLN

52

USDRUB

12

USDSEK

13

USDSGD

6

USDTRY

6

USDZAR

46

XAGUSD

4

XAUUSD

12-23

  Exness Classic Account

Exness's standard account is suitable for experienced traders because the minimum lot size is0.1 lot, minimum deposit of $2,000。As with Exness's mini account, you can choose from 1: 2 to 1: unlimited leverage。

You can trade a variety of trading instruments including forex currency pairs, metals and cryptocurrencies。

Exness's classic account has the lowest spread of any market maker account.。

Choose Instant and Market Execution。

Exness-ECN Account

ExnessECN accounts provide direct access to interbank liquidity and give you the opportunity to place orders within spreads。The minimum deposit for an ECN account at Exness is only $300。

There is no limit to the number of positions you can open and you can trade various currency pairs。

Unlike Exness's market maker account, when you use theCommission will be charged when trading on ECN account。

Your order will be executed through market execution。

Exness ECN account, access to the interbank market, when trading in the Exness ECN system, due to the very small spread and the lowest commission rate, the trader's fees are kept to a minimum, reaching $25 per $1 million in trading volume。

The largest liquidity providers: well-known major banks and brokers areLiquidity providers for Exness ECN accounts: FXCMPRO, ADS Securities。

Electronic payment systems: Deposits and withdrawals can be made through most electronic payment systems without commission。

The best price: Multi-bank liquidity from leading suppliers promotes the formation of the best price。

Hedging positions:ExnessOffset positions in ECN accounts can be hedged in the familiar MetaTrader 4 terminal。

Account Type

ECN

Minimum amount

USD 300

Leverage up to

1:200

PerCommissions on $1 million transactions

USD 25

Use of electronic money

Yes

Inflow of gold by electricity

Yes

Point spread from

0.0

Minimum transaction amount per transaction

0.01 Hands (1K)

Maximum Position Size

Unlimited

Maximum cumulative position

Unlimited

Maximum number of positions

2000

Hedge margin

100%

margin call notice/ warehouse explosion point

100% / 50%

Access to the interbank market

Automatically

Order Execution (Forex)

Market Execution

Execution orders (futures contracts for difference)

Contracts without difference

  How to chooseAccount TypeHint

Hint1: When choosing an account currency, consider the ease of making deposits and withdrawals。For example, if you plan to deposit in US dollars, it makes sense to choose US dollars as your trading account currency, by doing so you will avoid currency conversion。

Hint2: You can change the lever you selected when registering in the personal area, and it will automatically change according to the amount of funds in your account。

Hint3: Make sure you also open a demo account so you can test your strategy and improve your skills in a risk-free environment。

 

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