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Exness is a CFD (Contract for Difference) broker regulated in various jurisdictions, including the British Virgin Islands, Curaçao, Cyprus, Kenya, Mauritius, Seychelles, and the UK. Which means that the broker can be trusted. There are over 250 tradable instruments with this broker from various asset classes. However, all of them are CFDs. The broker was established in 2008 and has received many industry awards since.
Exness offers various account types to meet the needs of different trading approaches. Some traders prefer low spreads as opposed to low commissions and vice versa. The broker offers the following account types:
Standard accounts are best suited for beginners and less frequent traders, such as swing traders and position traders. The Raw Spread, Zero, and Pro accounts are for more active traders. It should be mentioned that each account type has its unique features. Let’s find out more about Professional accounts to see which account type fits you the best.
The professional accounts are aimed at traders who place orders more frequently. The main feature of these accounts is low or non-existent spread markups. Instead, traders are charged commissions per traded lot. Active traders such as scalpers, day traders, high-frequency traders, news traders, etc. prefer a fee structure that allows them to save on spreads, while they are fine with paying commissions.
|Spread||From 0.0 pips||From 0.0 pips||From 0.1 pips|
|Commission||Up to $3.50 for each side per lot||From $0.2 for each side per lot||No commission|
|Instruments||Forex, metals, cryptoсurrencies, energies, stocks, indices||Forex, metals, cryptoсurrencies, energies, stocks, indices||Forex, metals, cryptoсurrencies, energies, stocks, indices|
|Minimum lot size||0.01||0.01||0.01|
|Maximum lot size||200 (7:00 - 20:59 GMT+0), 20 (21:00 - 6:59 GMT+0)||200 (7:00 - 20:59 GMT+0), 20 (21:00 - 6:59 GMT+0)||200 (7:00 - 20:59 GMT+0), 20 (21:00 - 6:59 GMT+0)|
|Maximum number of positions||Unlimited||Unlimited||Unlimited|
|Order execution||Market||Market||Instant (forex, metals, energies, stocks, indices), market (cryptocurrencies)|
|Available platforms||MetaTrader 4, MetaTrader 5||MetaTrader 4, MetaTrader 5||MetaTrader 4, MetaTrader 5|
Spread markups and commissions vary depending on the account type you pick. The broker offers access to the full set of MetaTrader platforms.
The main difference between Raw Spread, Zero, and Pro account types, other than the trading fees, is that when using the Pro account type, orders are executed instantly. While for Raw Spread and Zero accounts order execution is market.
Market and instant order executions are two different types of execution methods used in CFD trading. The main difference between the two is the way they are executed which impacts the potential for slippage.
A market order is executed at the best available price in the market at the time the order is placed. This means that the order is executed immediately, at the current market price. Such orders are typically executed with minimal slippage, as they are executed at the best available price.
An instant order is executed at the price that is quoted at the time the order is placed. This means that the order is executed immediately at the price quoted, regardless of whether that price is still available in the market. If the price quoted by the broker is no longer available in the market, the order will be executed at the next available price, which may result in slippage.
All three account types have access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are highly reliable, however, there are some key differences between them that need to be considered.
MT4 uses the MQL4 programming language, while MT5 uses MQL5. This means that if you purchase trading algorithms for MT4, you will not be able to use them on MT5, and vice versa. In addition, MT4 is primarily used for trading currencies, while MT5 is a more multi-asset platform. Furthermore, MT5 offers more timeframes than MT4, such as 2-minute and 8-hour charts. The fact that MT5 is more advanced in some respects doesn’t mean that MT4 is less effective. In fact, traders that solely trade currencies often prefer MT4 over MT5 due to its simplicity. Both platforms are trusted and very reliable.
The maximum available leverage at Exness is unlimited. Which can be both positive and negative depending on the trader. Professional traders are usually offered higher leverage in countries that are tightly regulated. For instance, retail traders registered in the UK and Europe have access to up to 30:1 leverage, while for professional traders the maximum leverage is 200:1. High leverage is especially dangerous for beginners. Novice traders typically place oversized orders and often blow up their trading accounts. It’s crucial for traders to approach leverage with caution.