Exness is known as a company with very tight spreads. Spreads are very narrow among the world’s Forex companies, so it is the most recommended company for traders who mainly do scalping trades. What kind of account type is suitable?
What kind of FX company is Exness?
Exness is famous as a FX company with extremely narrow average spreads (pips). There are many stocks (FX currency pairs, precious metals (gold), energy, stock indexes, virtual currencies (Bitcoin)), and the maximum leverage is 2000 times. The fees are low, but there are almost no bonuses or campaigns. However, the stop loss is 0, and traders can trade up to zero margin, so discretion is required from the trader. You can also use automatic trading tools (EA), and various tools are available for free on the official website.
The trading environment is favorable
The trading platform supports MT4 and MT5, which are famous in the industry. Furthermore, the ordering environment is optimal and there are no slippages or rejections. Speedy settlement is also possible, and if the unrealized loss is large after entry and the account balance becomes negative due to a loss, a zero cut will also occur. Due to high leverage, you can trade with small amounts. Both buildings are also possible.
5 account types
Currently, there are 5 rich and wide-ranging account types, and you can choose the one that suits you best according to the market price and trade with each one with high leverage. It has a wide variety of account types and brands compared to XM, FXGT, bigboss, axiory, titanfx, iforex, fbs, threetrader, etc. It is also possible to create additional accounts, giving you a high degree of freedom. Usually transaction costs are also kept low and cheap.
also holds a license
Exness holds a financial license, so safety is guaranteed. You can rest assured that the operating company has minimum regulations in place. Business is closed during the year-end and New Year holidays, but trading is possible from early morning until late at night. It is possible to trade with relatively high leverage, and the maximum leverage is 2000x. We also have corporate accounts and Islamic accounts, so we are in a top-class, privileged environment.
What is scalping trading?
Scalping is a trading method that involves repeating small buys and sells in seconds or minutes to accumulate profits. In other words, it is a very short-term trade, and it is a strategy that aims for the price range in a short period of time. This is highly recommended during periods of economic indicators with very high volatility. In order to aim for profits with scalping, you will need the ability to analyze chart movements and instantly analyze trends, as well as techniques to quickly buy and sell. Also, in scalping trading, payment timing is everything, so if you can’t concentrate on the chart, you will hardly be able to win.
scalping is difficult
It is not easy for beginner investors to make profits through scalping. After all, if you make a mistake at the timing of payment, you will end up with a huge loss. If you don’t take profits as soon as you get a reasonable price range, the trend will often change quickly. If you are a beginner, it is better to lower the lot to the lowest level first before trading.
Currency pairs that are actively traded
Currencies with low price movements such as the Swiss Franc or Australian Dollar are not recommended for scalping trading. This is because it is quite difficult to aim for a price range in a short period of time unless it is a currency pair with rapid price movements such as the euro or pound. Therefore, scalping trades basically need to be in major currencies.
Reduce lots
The main premise of scalping trading is to do it with small lots. Especially in the case of scalping targeting economic indicators, if you put in too many lots, all your funds will disappear as soon as there is a reversal. Since there is considerable risk, it is an absolute requirement to always lower the lot to the lowest level.
Account types suitable for scalping trades
The spread difference for each account type is summarized in the following article. We are comparing spreads in FX currency pairs between accounts, so I think it will be helpful. The recommended account types for scalping are raw spread accounts, zero accounts, and pro accounts.
Is scalping prohibited?
Exness does not prohibit scalping trades. This is not only scalping in discretionary trading, but also scalping in automatic trading. So don’t think there are any restrictions. However, be aware of the following drawbacks.
Time when the spread widens
Spreads can be very wide during times of important economic indicators or when very large political events occur. This happens no matter which Forex company you use, so you should be careful.
Leverage limit
Exness has unlimited leverage, but if the balance exceeds $ 1000, the leverage limit will work. However, even if restrictions are applied, it is possible to trade with high leverage of at least 500 times.
low commitment
Exness is not very server strong. Maybe that’s why the contract power is a little low. You should also consider the possibility of being disadvantageous in scalping.
Why scalping is good for Exness
Why is Exness said to be suitable for scalping trades? Here are some reasons why:
Unlimited leverage
Exness has a system called unlimited leverage. This is a great advantage for traders, and you can take a momentary price range by increasing leverage and doing scalping trades.
Very narrow spreads
As introduced in the above article, Exness is famous for its extremely narrow spreads. This will allow you to have a fairly favorable fight in scalping trades. If you go forward a little, you can get a big price range.
Loss cut level
Exness has a loss cut level of 0%. Therefore, the loss cut rate of 0% is very compatible with scalping. The advantage is that the position can be maintained until the full loss.
zero cut
Exness does not specifically prohibit trading using zero cuts, so no matter how many times you cut zeros, it will not be a margin call. Traders can trade on very favorable terms because there is no risk of incurring debt.
Recommended currency pairs for scalping trades
The most important point in scalping trades is to choose a currency pair with a very narrow spread difference. In particular, the following currency pairs are recommended because the spread difference is very narrow.
- USD/JPY
- EUR/USD
- GBP/USD
Recommendation to open an account
We recommend opening an account with Exness. Exness is a Forex company that specializes in scalping trades, so please enjoy very narrow spreads.
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