Exness Standard Accounts
Exness provides different trading accounts for traders’ various demands. The Standard Account would be ideal for newbies with low deposit requirements yet wide access to a trading tool. The Standard Account can offer both the professional and novice trader a great field of flexibility and ease that may help get one rolling on their in online trading.
What is an Exness Standard Account?
An Exness Standard Account is for the new and intermediate trader who just wants a simple, straightforward account without added complexity. The minimum deposit required to open this account is low, usually from $1, and thus it’s within the reach of the greater part of traders. This account type offers competitive spreads starting from 0.3 pips and allows trading with no commissions, which means you keep more of your profits.
The Standard Account is the right choice to trade various instruments, including forex, metals, and other CFDs. It provides leverage up to 1:Unlimited, which can help you maximize your position size based on your risk appetite. Featuring instant execution with intuitive functionality, the Standard Account will let traders execute trades as quickly and efficiently as possible, even for a beginner.
Types of Exness Standard Accounts
The Standard Cent Account is for traders who want to begin with less risk, while the Standard Account gives more room for established traders to trade larger positions. Both accounts offer the same features in terms of spreads and leverage, but the lot sizes differ to match the experience level and risk tolerance of the trader.
Exness Standard Account:
- Minimum deposit of $1.
- Can trade in standard lots (1.0 lots).
- Suitable for traders who want to trade larger positions.
- Offers access to all instruments
Exness Standard Cent Account:
- Minimum deposit of $1.
- Ideal for trading smaller lots (cent lots).
- Lower risk, making it perfect for beginners.
- Focuses on forex and metals.
How to Open an Exness Standard Account
Opening a Standard Account with Exness is a simple and quick process. Here are the steps:
- Visit the Exness Website or App: Start by going to the Exness website or opening the Exness mobile app.
- Sign Up: Click on the “Sign Up” or “Open Account” button to begin the registration process.
- Fill in Personal Details: Provide your basic personal information, including your name, email, and phone number.
- Verify Your Identity: Upload the necessary documents for identity verification (e.g., a passport or ID card).
- Choose the Account Type: Select the Standard Account option.
- Make the Initial Deposit: Deposit the minimum amount (usually $1 depending on your payment method).
- Agree to Terms: Accept the terms and conditions, and complete the registration.
- Access Your Account: Once registered and verified, you can log in and start trading.
Choosing the Right Standard Account
When choosing between the Standard Account and the Standard Cent Account, consider your trading goals and risk tolerance:
- Standard Account: Ideal for traders looking to trade in standard lots with a wider range of instruments. It’s suited for those with a higher risk tolerance and more experience.
- Standard Cent Account: A good option for beginners or traders who want to practice with smaller lot sizes and reduce their exposure.
Both accounts offer competitive spreads, flexible leverage, and no commissions, but the Standard Cent Account is more suitable for new traders looking to minimize risk, while the Standard Account is better for those who want to trade larger positions and more instruments.
Account Verification Requirements
To begin trading with an Exness Standard Account, you will have to verify your account. This is necessary for Exness to comply with regulatory requirements and to help protect your account from unauthorized access. Verification of your account begins with the submission of personal details: name, address, and date of birth. You will have to upload a government-issued ID (passport, national ID, driver’s license) to verify your identity. These should be clear, valid, and reflect the details you have used during the time of your registration.
Besides identification authentication, you also have to confirm your address. This could be a recent utility bill, a bank statement, or any government-issued document with your name and residential address. The document used should not be more than three months old. Exness will verify your account after submission of the required documents. Verification takes up to 24 hours. Once verified, one will have higher withdrawal limits, a secure account, and a smooth trading experience. If you encounter any issues during the verification process, Exness customer support is available to assist you.
Exness Standard Account Features
The Exness Standard Account is designed for beginner traders who want an easy and low-cost entry into the forex market. Key features include:
- Minimum deposit: Starting from $1 (depending on the payment method).
- Spreads: Starting from 0.3 pips.
- Commissions: None on trades.
- Leverage: Up to 1:Unlimited.
- Trading instruments: Access to over 200 instruments, including forex, metals, and more.
- Execution: Instant order execution for a smooth trading experience.
Exness Standard Account It gives traders a very straightforward account to start trading, basically without commission. Access a wide range of financial instruments, enjoy the flexibility of high leverage, and choose it as a great account type for those just getting their feet wet in trading. Low minimum deposit ensures a minimal amount of capital a trader needs to invest with to get into the market.
Advantages of Exness Standard Accounts
The Exness Standard Account is quite impressive for a number of reasons, hence it can be considered a more attractive option for beginners. First of all, the minimum deposit requirement is low – just $1, depending on the payment method. There are no commissions for trading, and the spreads are quite competitive, starting from 0.3 pips. Further, diversification of the traders’ portfolio is allowed by access to a wide range of instruments: forex, metals, and more, coupled with high-leverage flexibility-upto 1: Unlimited. It guarantees smooth trading, since order flow execution is instantaneous and includes minimal delay.
Comparing Standard Accounts with Other Account Types
When comparing the Exness Standard Account with other account types such as Pro Accounts, Raw Spread Accounts, Islamic Accounts, Demo Accounts, Zero Accounts, and Social Trading Accounts, the main differences are in the commission structures, spreads, and the minimum deposit requirements:
| Account Type | Features |
|---|---|
| Standard Account | No commission, spreads from 0.3 pips, low minimum deposit, ideal for beginners. |
| Pro Account | No commission, spreads from 0.1 pips, higher minimum deposit, suitable for experienced traders. |
| Raw Spread Account | Low spreads starting from 0.0 pips, small commission per lot, ideal for scalpers and high-frequency traders. |
| Islamic Account | Swap-free trading, available for all Exness account types, no additional swap charges, suitable for traders who cannot trade with swaps due to religious reasons. |
| Demo Account | Unlimited virtual funds, same trading instruments as live accounts, allows traders to practice and develop strategies without financial risk. |
| Zero Account | Spreads starting from 0.0 pips, fixed commission per lot, excellent for professional traders who require precision in pricing. |
| Social Trading Account | Allows copying trades from professional traders, transparent fee structure with profit-sharing models, flexible investment options, no minimum deposit required. |
While the Standard Account is ideal for beginners due to its low cost and ease of use, other accounts, such as the Pro and Raw Spread Accounts, offer tighter spreads and commission options for more advanced traders. The Islamic Account provides a swap-free option for those following specific religious practices. The Demo Account will provide a no-risk environment for those who want to practice, while the Zero Account is for traders who look for the least spread with fast execution. Lastly, the Social Trading Account allows following professionals in their trades and investing accordingly. Each account type serves a different need, and traders should select based on their trading goals and level of experience.
Exness Standard Account Deposit and Withdrawal Process
Exness has made deposits and withdrawals on the standard account pretty simple and easy. To credit your trading account, you can deposit via whatever payment method that Exness supports, like credit and debit cards, bank transfer, and electronic wallets.
Deposit Process:
- Log in to your Exness Personal Area.
- Navigate to the deposit section.
- Select your preferred payment method (e.g., credit card, e-wallet, or bank transfer).
- Enter the amount you wish to deposit.
- Confirm the transaction and complete any required verification steps.
- Funds will be credited to your trading account instantly or within a few hours, depending on the payment method used.
Depositing funds is easy and can be done directly through your Personal Area. Be sure to verify your payment details to ensure a smooth transaction.
Withdrawal Process:
- Log in to your Exness Personal Area.
- Go to the withdrawal section.
- Choose the payment method for withdrawal (it should match the method used for deposit).
- Enter the withdrawal amount.
- Confirm the transaction, and any necessary verification steps will be prompted.
- Funds will be transferred to your bank account or e-wallet based on the method chosen.
Quick payout by Exness, but make sure your account is fully verified to avoid some minor delays. Always double-check your withdrawal details and use exactly the same as your deposit method for smooth transactions.
Exness supports numerous payment methods, from deposits to withdrawals, allowing you to choose the most convenient way for your needs.
How to Switch Between Exness Standard Account Types
Switching between Exness Standard Account Types (such as Standard, Standard Cent, and others) is a straightforward process, but it is essential to understand the steps and requirements.
Steps to Switch Account Types:
- Log into your Exness Personal Area using your registered email and password.
- Navigate to the Account Management section. This is where you can view all your active accounts.
- Choose the account you wish to modify or upgrade. Exness allows you to switch between different account types within your personal area.
- Select the new account type (e.g., from Standard Cent to Standard or vice versa) and review the conditions for switching.
- Submit the request to change your account type. Some account types may require additional verification or documents, so ensure your account is fully verified.
- Wait for confirmation from Exness, which typically takes a short period depending on the changes requested.
Please note that when you change your account type in Exness, the settings of the minimum deposit and leverage will be different depending on the account type you have chosen. Please make sure to check that before proceeding. Also, your current account has to be fully verified; otherwise, it may ask for verification to complete the change of account type. Note that different account types may have different spreads, commissions, and leverage. You may get better pricing or tighter spreads with the change in account type, and in some cases, even zero commission, upon the approval of your request to start enjoying features in the new account type you have chosen. Before moving further, always look up the terms and fees of that particular account to confirm its fit with your trading preference.
Frequently Asked Questions (FAQs)
What is the standard account in Exness?
The Exness Standard account is designed for beginners and offers no commissions, spreads from 0.3 pips, and a low minimum deposit. It gives access to over 200 trading instruments and flexible leverage.
How many types of accounts are in Exness?
Exness offers several account types: Standard, Standard Cent, Pro, Raw Spread, Zero, Islamic, Demo, and Social Trading. Each caters to different trading needs and preferences.
How many Exness accounts can I have?
You can have multiple Exness accounts, but each account type must be managed separately. There may be limits based on verification status.
What is the difference between a cent and a standard account?
A Cent account allows micro-lot trading with lower risk and a smaller deposit, while the Standard account is for full lot sizes with higher deposits and no commission.
What is the minimum deposit for the Exness Standard account?
The minimum deposit for an Exness Standard account is typically $1, depending on the payment method.
Can I use the Exness Standard account for all types of trades?
Yes, the Exness Standard account offers access to a wide range of instruments, including forex, metals, cryptocurrencies, and stocks.
