Exness Standard and Professional Accounts
Exness has standard and professional accounts for traders to choose from。
Exness has standard and professional accounts for traders to choose from。
Exness offers a variety of account types, each tailored to a specific trading style, and each offers a unique set of minimum initial deposits, leverage, commissions, spreads, maximum accounts, position size, margin calls, forced closing and order execution。The following will give you a detailed introduction。
Minimum initial deposit
- Standard account: reference payment system (except Perfect Money, bank transfer and e-wallet are basically $10)。
Professional account: at least $200 (depending on country of residence)。
In general, the minimum initial deposit is the minimum amount required to open an account。The higher minimum deposit requirements for Exness professional accounts make it ideal for professional traders, while the lower minimum deposit requirements for standard accounts make it a more affordable option for novice traders。
Leverage
- Standard Account & Trading Account: 1: Unlimited
Leverage refers to the trading function of increasing market exposure by allowing traders to trade larger than their balances.。Brokers usually offer leverage in the range of 1: 50, 1: 100 or 1: 500, but the maximum leverage of the Exness account standard account and professional account can reach 1: unlimited。
Margin
- Standard Account: None
- Professional account: 0 per hand per party.From $2
The broker can charge a commission for each trade in the trading account, and Exness does not charge any commission for the standard account because it is sufficient to charge the client a spread。However, the commission standard for professional accounts is 0 per lot counterparty.The minimum commission of $2 means that traders pay a minimum of 0 for each closed trade..$4 Commission。
Point difference
- Standard account: 0.From 3 o'clock
- Professional accounts: 0.From 0 o'clock
Spread is a term that describes the difference between the selling price and the buying price of a Forex broker when exchanging or trading currencies.。Standard accounts have a minimum spread of 0.3 points, the lowest point difference for professional accounts is 0.0 point, making it more popular with professional traders who want to reduce the spread。
Maximum number of trading terminal accounts
- Standard & Trading Accounts:
- Real Account MT4-100
Real Account MT5-100
Demo Account MT4-100
Demo Account MT5-100
- Real Account MT4-100
Trading terminal refers to the part of the trading platform where customers transmit orders to the company. The purpose of this restriction is to reduce the burden on the exchange server, including frozen and archived trading accounts。
Maximum & Minimum Transaction Size
- Standard & Trading Accounts:
- Minimum: 0.01 Hands (1K)
Max: 07: 00 - 20: 59 (GMT + 0) 200 hands, 21: 00 - 6: 59 (GMT + 0) 20 hands
- Minimum: 0.01 Hands (1K)
The limit depends on the trading instrument。Exness's maximum limit is very flexible, and there is no difference between standard and professional accounts。
Recovery deposit
- Standard Account:60%
- Professional Accounts:30%
When a broker requires a trader to increase margin to maintain an open leveraged position, a margin call is sent, and the above percentage refers to the level at which equity is reduced to the required margin.。
Forced closing
Standard & Trading Accounts:0%
When the margin level reaches a certain percentage (%), i.e. the "forced closing level," the broker will automatically close all open trades (called liquidation)。Mandatory closing level of 0% for standard and professional accounts; Exness does not immediately close positions when a trader's assets fall to a certain level。
Order Execution
- Standard Account: Market Execution
- Professional Accounts:
- Instant Execution: Forex, Metals, Indexes, Energy, Stocks
Market Execution: Cryptocurrencies
- Instant Execution: Forex, Metals, Indexes, Energy, Stocks
Orders to buy and sell securities in the market are completed immediately and are equipped with their own support systems.。Standard accounts support only market execution, while professional accounts support instant execution of most instruments。While market execution gives traders more control over their expected pricing, it also increases the likelihood of re-quoting。
Conclusion
All in all, you are free to choose which account is suitable for you. The following table compares the two accounts according to the above:
Type of account | Standard Account | Professional Account |
Minimum deposit | $10 (usually) | $200 |
Leverage | 1: Unlimited | 1: Unlimited |
Deposits | ❌ | 0 per hand per side.From $2 |
Variable spread | From 0.3 points | From 0.0 point |
Maximum number of accounts | 100 per real and demo account (MT4 & MT5) | 100 per real and demo account (MT4 & MT5) |
Maximum transaction size | 20 hands and 200 hands (depending on time) | 20 hands and 200 hands (depending on time) |
Minimum transaction size | 0.01 Hands | 0.01 Hands |
Recovery of deposit | 60% | 30% |
Compulsory closing of positions | 0% | 0% |
Order Execution | Market Execution | Instant execution / market execution (depending on trading instrument) |
Exnessis a Forex and CFD broker offering clients trading across multiple markets with the industry's most stable and reliable pricing, offering traders spreads as low as 0 pips and leverage up to 400: 1。
Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.