Exness Trading Account Types for Traders from Pakistan
It is good for traders wanting to be informed about all types of accounts and their terms and circumstances, as choosing the right type of account is an important part of a trading plan, as some features may fit a trader's requirements.
Page crated: 13.05.2024
What are trading accounts at Exness?
At Exness Broker there are several different types of accounts, which have their own peculiarities - from accounts that are suitable for beginners (the essence of which is simplicity and training) to accounts that are ideal for professionals (with high speed and large volumes).
It is always important to choose the type of account that will perfectly fit the idea and trading plan, as an example of using cent accounts where all calculations are made in cents and small volumes (which is ideal for a start in trading).
In terms of choosing the ideal trade exchange account with EX, it is worth knowing all the different forms of customer accounts available on the brokerage system. Given there is a wide ranging set of accounts, users from Pakistan can familiarize themselves with the basic data and opt for an account according to their predilections.
It is always important to choose the type of account that will perfectly fit the idea and trading plan, as an example of using cent accounts where all calculations are made in cents and small volumes (which is ideal for a start in trading).
In terms of choosing the ideal trade exchange account with EX, it is worth knowing all the different forms of customer accounts available on the brokerage system. Given there is a wide ranging set of accounts, users from Pakistan can familiarize themselves with the basic data and opt for an account according to their predilections.
Main Types of Exness Trading Accounts
Since Exness offers a variety of trading accounts that should meet the needs of its users - it is worth considering each of them in detail
Standard Account (Standard)
MT5 (recommended)
The mostly favored type of account is called a "standard" account. The essence of it lies in the name "Standard" - that is, it is intended for the majority of traders that wish to obtain an accrual account used as a standard one
- Floating spreads (starts from 0.20)
- No commissions
- Available for both beginners and experienced traders
- Minimum deposit (from 1 USD)
MT4
Basic
Simply put - this account is designed for traders who want transparent conditions and simplicity in trading.
Standard Cent account
Basic on MT4
The essence of the account lies in its name - trading is calculated in cents and does not carry big financial risks. It is often used as a standard account by clients who are just starting to trade.
- Micro lots trading
- Low risks
- Minimum (1$ USD) deposit
- No commission
- Spreads start from 0.30
Not available on MT5
Basic
This account is most often used for developing new strategies and for the learning process with real but minimal risks.
Raw Spread Count
Got for MT5
The account is already considered professional as its conditions are quite complicated for beginners. Its main conditions are low spreads and low fixed commission.
- Very low spreads (from 0.00)
- There is a commission (up to $3.5 USA)
- Initial deposit (from $200 USA)
Available for MT4
Professional
This type of accounts is used by traders who already have a lot of experience and use strategies with fast entry and exit (so-called scalping) - and this account is suitable because of transparent conditions and fast execution of orders.
Account Zero
Got for MT5
Deciphering the name of the account you can understand that its essence is that the trader receives 0 spreads during 95% of the trading day - for 30 pairs.
- Ideal for minimal spread costs
- Low trading costs
- Initial deposit (from $200 USA)
- There is a commission (from $0.20 USA and above)
- Spread (best with 0.00)
Available for MT4
Professional
The account is ideal for those who have a lot of experience and want to maximize their profits with minimum expenses.
Professional Account (Pro)
Got for MT5
As the name suggests, the account is designed for professionals in trading, the so-called "Sharks". Trading conditions offered to traders are related to the absence of commissions and low spreads with almost instant execution.
- Competitive spreads (starting from 0.10)
- No commissions
- Initial deposit (over $200 USA)
Available for MT4
Professional
If you have already gained experience and have the desire to try yourself as a professional trader.
Each account type described above can be opened by any trader who has an account on the Exness Brokerage trading platform. Account selection is often related to a trader's needs, experience, style and capital capabilities. Explore, select and open trading accounts with xness.
Each account type described above can be opened by any trader who has an account on the Exness Brokerage trading platform. Account selection is often related to a trader's needs, experience, style and capital capabilities. Explore, select and open trading accounts with xness.
- Information! Demo accounts are available for all types of accounts, each trader can use demo accounts without restrictions, taking into account their needs!
Muslim Accounts at Exness
It is worth paying attention to special accounts in Exness, which are connected with the needs of traders of different religious traditions. Thus, Exness has Muslim or Islamic accounts, which are needed by traders who follow the rules and regulations of Shariah in their trading activities.
Muslim (Islamic) accounts differ little from regular accounts, the only difference is that these types of accounts have restrictions that could violate the Islamic rules that the trader adheres to:
Islamic accounts allow traders who follow Muslim financial norms to trade in the global FX markets without violating their religious beliefs.
Muslim (Islamic) accounts differ little from regular accounts, the only difference is that these types of accounts have restrictions that could violate the Islamic rules that the trader adheres to:
- No Swaps
- Available for almost all types of Exness accounts
- Same terms and conditions as regular accounts
- Easy to switch account to Muslim through support
Islamic accounts allow traders who follow Muslim financial norms to trade in the global FX markets without violating their religious beliefs.
Read detailed information about Muslim accounts with a full breakdown and the attitudes of authority figures towards such accounts.
Exness Trading Account Comparison
Which accounts are suitable for traders with their frequent inquiries:
- The standard one is chosen most often because of its flexibility. Also, variable spreads attract clients of different experience levels.
- Cents is used by beginners and users who create their own strategies and want to test them in real market conditions, as well as the minimum deposit and lots calculated in cents attract inexperienced traders.
- Spreads and commissions that have a low level attract active traders and users who use scalping (they are interested in fast execution and minimal costs).
- Spreads that have a zero level are quite attractive for strategies whose essence is to reduce trading costs (the only thing that can be embarrassing is a small commission).
- And the most excellent conditions are offered on a professional account, spreads that will match the conditions and no commissions so that the trader gets the best trading conditions.
There is no limit to 1 trading accounth to find a trading account, you can always click on an existing account and if it doesn't suit you, you can choose another account with terms and conditions that will suit your preferences. You can always use any sort of demo session account, try it out, learn and enjoy trading on EX.
Frequently Asked Questions (FAQ)
- How can I open a trading account with EXness?It will take no time at all to get a merchant profile, in order to enter your own private room ( sign up or enter) and then you will need to push the button to make a fresh merchant account.
- Is it possible to change the terms and conditions of a trading account after opening it?Every client of the online trading platform can always change the terms and conditions, including the type of account (this process is done through the support team). Sometimes it is easier to open a new account and transfer your funds there.
- Are there special accounts for Muslims at Exness?Exness has developed special Muslim (Islamic) accounts that are compliant and allow users who adhere to the rules of Islam to trade Forex without violating Sharia law.