EXNESS accounts comparison and the guidelines of account opening selection

The difference between M4 and M5 of all types of Exness accounts is leverage. 

  • MT4 provides unlimited leverage.
  • MT5 limits the maximum leverage to 1:2000.

Delve into EXNESS account

Account Types

STANDARD Account

Description 

  • Minimum deposit: 1 USD
  • Stop Out: 0% 
  • The symbol (currency pairs) ends with m
  • No commission fee
  • Minimum lot: 0.01
  • Maximum number of open positions: Unlimited 
  • Order Execution: Market (No Requote)

Disadvantages

  • The Spread starts from 0.03 (according to website information). Open the demo account with XAUUSD lot 0.01 will be in a deficit about $ -0.35 (considered to be a lot), yet EURUSD will be in a deficit of about $ -0.10 as shown by the spread.
  • Setting stop-loss & take profit as well as open & close order by drawing graph, are quite delayed for about 2 minutes (rather delayed) especially, when there is high volatility.
  • The average of Spread (currency pairs): 10-20 pips (rather expensive, comparing to other accounts)

Suitable for: A new beginner of trading

STANDARD CENT

Description

  • Minimum deposit: 1 USD
  • Stop Out: 0%
  • Symbol (currency pairs) ends with c
  • No commission fee
  • Minimum lot: 0.01
  • Maximum number of open positions: 1000
  • Order Execution: Market (No Requote)

Disadvantages

  • Spread starts with 0.3 (according to website information). Opening a Demo account with XAUUSD lot 0.01 will be in a deficit of approximately -0.26 USC, (considered to be a lot), yet EURUSD will be in a deficit of approximately $ -0.10 as shown by the spread.
  • Setting TP and SL by drawing graphs will be delayed about 3 seconds (sometimes not available) even though the graph is normal, still delayed when compared to other brokers.
  • The average Spread is 15-20. The gold is about 260, equal to Standard account (MT4).
  • It might be difficult for traders from other accounts to adjust due to familiarity and MM.

– Not recommended 

– The new traders has better open a Standard account

RAW SPREAD (Recommended)

Description

  • Minimum deposit: 1,000 USD
  • Stop Out: 0%
  • Commission per lot: 7 USD (1 round)
  • Minimum lot: 0.01
  • Maximum number of open positions: Unlimited
  • Order Execution: Market (No Requote)

Advantages

  • Narrow Spread 
  • More flowing trade than Pro account
  • Recommended account 

Raw Spread Account of Exness is the 2nd ranking in Lowest Fee (Spread + Commission + Swap): among 17 brokers and 43 accounts. (Click)

ZERO Account

Description

  • Minimum deposit: 1,000 USD
  • Stop Out: 0%
  • Commission per lot: starts from 7 USD (1 round)
  • Minimum lot: 0.01
  • Maximum number of open positions: Unlimited
  • Order Execution: Market (No Requote)

Disadvantages

  • Extremely delayed
  • Setting TP needs to be over 50 pips, sometimes it neednt to be over 50 pips. 
  • When opening and closing order by MT5, the system becomes unresponsive (After buying, it freezes. The order will appear after re-login and it is still unresponsive again).  
  • Lowest stability of all accounts 
  • Not recommended 

Zero Account of Exness is the 2nd ranking in Lowest Fee (Spread + Commission + Swap): among 17 brokers and 43 accounts. (Click)

PRO Account 

Description

  • Minimum deposit: 1,000 USD
  • Stop Out 0%
  • Commission per lot: None
  • Minimum lot: 0.01
  • Maximum number of open positions: Unlimited
  • Order Execution: Instant (Requote is possible.) 

Advantages

  • Smoother transaction in standard account, but not equal to Raw Spread account

Pro account VS. Raw Spread account

  • EURUSD: PRO cheaper by 0-1 pips
  • USDCAD: RAW cheaper by 2-3 pips
  • GBPUSD: PRO cheaper by 0-1 pip
  • AUDUSD: equal
  • USDJPY: equal
  • NZDUSD: RAW cheaper by 0-1 pip

Pro Account of Exness is the 2nd ranking in Lowest Fee (Spread + Commission + Swap): among 17 brokers and 43 accounts. (Click)

EXNESS summary

For new traders (minimum deposit 1 USD): Standard account is highly recommended.

For professional traders (minimum deposit 1,000 USD): Raw Standard account is the most attractive.

Reference

Writer : Yoda Yoshida

  • Position : Editor
  • Biography : Former waiter to professional traders
  • Experience : 20 years in the Forex industry
  • Goal : To select the best broker for traders.
  • Short greetings : Some things take time to grow.
  • Full biography of the writer, Click >

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