MOST TRADERS DO NOT KNOW THE DIFFERENCES BETWEEN EXNESS ACCOUNTS UNTIL THEY READ THIS ARTICLE

MOST TRADERS DO NOT KNOW THE DIFFERENCES BETWEEN EXNESS ACCOUNTS UNTIL THEY READ THIS ARTICLE

Deciding an appropriate account to open at Exness will surely make many traders confused as Exness offers 4 types of real accounts and 3 types of forex demo accounts. So how can we differentiate these types of Exness accounts? And which one should we open?

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  1. EXNESS CENT ACCOUNT

Traders usually using Cent account at Exness include three types:

  • Those who never invested in Exness:

Such traders do not know whether Exness platform is good or not, whether spread at Exness is high, or how fast the request executes. Thus, they open Cent Account just to test. One good point of Cent Account is that just with 10$ of depositing, you can get 1000 USC in your account which is big enough for you to test all trading conditions at Exness. With the experience of making Exness transactions many times,  I realize that the differences between the transaction condition of Cent and Mini Accounts is not much. Low Spread is from 0.3.

  • Those who use Scalp robot to trade:

Scalp robot can trade many requests when it catches favorable waves. With such robot, traders can prioritize other accounts with the small volume of transaction. Cent Account is favored by this robot as it has the smallest trading order volume: 0.01 lot Cent = 0.0001 lot USD.

  • Those with less experience and are learning transaction:

It can be said that trading Cent account is good for them as it would help them to reduce the risk of losing a lot of money. However, it is still traded in real conditional transaction, real psychological transaction and real money withdrawal.

  1. MINI ACCOUNT AT EXNESS

This is one of the most well-known accounts at this good forex broker. More than 80% traders at Exness always choose this account because of no requirement in the minimum deposit amount. Also, the minimum trading volume is only 0.01 lots, the low spread is from 0.3, and the high push is infinite. So, do not hesitate to open a mini account if you are a professional trader.

  1. THE ACCOUNT FOR PROFESSIONAL TRADERS

Exness offers 2 types of accounts for professional traders: Classic and Exness ECN accounts.

  • ECN account:

This is supposed to be the best account for professional traders to trade. But in reality, it is not as perfect as the normal one due to its instability, fast fluctuant price, wide and dramatic decreases, complicated transaction, more knowledge and techniques requirement. This is the reason why Exness releases Classic account.

  • Classic account:

This type has many advantages such as:

  • Stability
  • Low spread – from 0.1 for EURUSD pair
  • No commission fee
  • Higher push
  • Price goes down fast

Hence, if you are a professional trader and do not like ECN account problem, Classic will be a perfect choice for you.

Note: Classic account can be deposited at a minimum of 2000$ for the first time, in next times, there is no limitation for your deposit.

Continue to XM reviews.

 

 

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