[Exness: For beginners] Account type and features: Raw spread account

The Raw Spread account will be one of the Professional accounts. This account is an account for advanced players, and the biggest feature is that the spread is narrow as the name suggests. For that reason, it is an account type that is highly recommended for traders who are mainly active in scalping.

Low spread account

As the name suggests, a raw spread account is an account that allows you to trade with narrow spreads. Raw spread accounts not only have narrow spreads, but they also have the advantage of being stable throughout the day. Other Forex companies have currency pairs with spreads close to zero, but low spread accounts are stable, which is a great advantage for traders. You can open an account from the link below.

[Exness: For Beginners] Account Type List and FX Account Comparison Differences and Features of 5 Recommended Types

Exness offers a total of 5 different account types and each account type is different. Especially if you are trading on Exness for the first time or are thinking of opening an account on Exness, I would like you to read this article. The 5 account types offered by Exness have different characteristics for different users.

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2023.01.17

Characteristics of account types include: The drawback to this account type is the transaction costs, but the spread is fixed at 0. Automated trading (EA) tools are also available. You can create multiple different accounts in your personal area. There are no campaigns or bonuses. Major currencies such as USDJPY, GBPUSD, EURUSD can be traded.

Handling of financial products

The raw spread account actually handles a wide variety of financial products, so you can trade major currency pairs (US dollar, euro, pound, Japanese yen) and minor currency pairs. Also, swap points will be generated if the date is crossed. Currencies for swing trading such as AUD, CAD, NZD, and CHF can also be traded. Of course, you can also use stock indexes, virtual currencies (Bitcoin), gold, CFDs, etc.

loss cut level

Normally, all account types have no stop-loss limit, and the stop-loss level is 0, which allows them to withstand losses up to a margin maintenance rate of zero and a total loss. If a margin call occurs, you should think about whether to put in additional funds or not.

Minimum lot and maximum lot

The minimum lot is 0.01, so you can start with small transactions. Maximum lot is 200. When making a new entry, the spread is narrow, so you can have an advantage. If you are worried, it is better to trade assuming all possible market conditions.

narrow spread

The biggest selling point of low spread accounts is that the spreads are narrower than others. That’s not all. The advantage is that the spread remains stable throughout the day, making it very easy to trade.

There is a fee

Low spread accounts are characterized by high fees required for each trade. This point also poses a risk. Please note that a one-way fee of $3.50 will be charged per lot when placing an order and when making a payment. Re-quotes (rejection of trades) etc. will not occur.

Account for scalping

This account type is characterized by narrow spreads, so it is suitable for traders who primarily focus on scalping. There is a commission fee when trading, but the spread is almost zero, so it is suitable for scalping. Leverage can also be reduced and changed. This is an account type for intermediate and above experience.

Advantages of Raw Spread Account

Raw spread accounts have the great advantage of unlimited use of low variable spreads from 0.0 to 0.01 pips, the lowest level in the industry. Maximum unlimited leverage is also available. It is a market execution method with easy settings and supports all trading platforms, including MT4 and MT5 and apps. The minimum initial deposit amount is $1,000, but you can hold up to 100 accounts at the same time for each purpose. There is no account maintenance fee, zero cut support and no extra margin.

Disadvantages of Raw Spread Account

The disadvantage is that you cannot use the instant execution method, which is unique only to professional accounts. Slippage may occur in rare cases, so it is not without disadvantages. In addition, this account has fewer stocks than other account types. The Raw Spread account has 227 products, while the Standard and Pro accounts have 252 and 254 products respectively.

Recommended for scalping trading

As the name suggests, a low spread account is recommended for scalping trading. Since the spread is extremely narrow, this trading account is suitable for those who want to trade in a very short period of time.

Differences with zero account

There is also a zero account as one of the account types with very narrow spreads. There are two differences between a zero account and a low spread account. One is the number of stocks handled. For a low spread account, there will be 227 stocks, and for a zero account, it will be 226 stocks. Also, in terms of transaction fees, low spread accounts have lower transaction costs. Although the spread is very narrow, the spread will fluctuate due to exchange rate fluctuations, liquidity, etc.

short term trader

This account type is specialized for short-term trading. It is highly specialized in scalping and short trading, so it is recommended for traders of the same type. On the other hand, when playing long, this account type does not have much of an advantage. In that case, I think you can choose a standard account. It can be said that it is an account type whose preferences vary depending on the fighting style.