[Exness: For Beginners] Account Types and Features: Standard Account Exness FX Account Type

The standard account is the most basic of the Exness account types. This account is the most popular for beginners. Therefore, it is an account type that is highly recommended for those who are new to Exness or for those who are new to Forex.

Standard account

Standard accounts can be opened from the following. We have MT4 and MT5. First of all, if you are not sure which account type to trade with, we recommend opening a standard account first. Most Exness beginners and forex beginners choose the standard account. The standard account supports MT4 and MT5 trading tools, and you can also use web traders and in-house developed apps.

[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

The characteristics of the account are as follows. This is a common account type at overseas FX companies and is recommended for beginner level investors. Exness offers some of the lowest spreads in the industry. There are many major currency pairs and a wide variety of financial products, so it is abundant, but there are almost no bonuses or campaigns. This is a fully-equipped account that also supports automatic trading (EA). You can currently create additional accounts in your personal area. You can also trade stock indices, gold, minor pairs, Bitcoin, etc.

Minimum deposit amount is

You can start trading with a standard account with a deposit of $1. This account type is highly recommended for those who want to start trading with a small amount. It is safe because you can start trading with a small amount at a low cost. Demo accounts are also supported.

the spread is wide

Spreads are wide among exness account types. Therefore, it is not recommended for people who want to try scalping. The spread is subject to change, and you can check the details on the official page. Margin can withstand up to 0%. Low spread accounts and ECN accounts are commonly recommended for intermediate and advanced users.

Minimum trading volume

Minimum trading volume, quantity is 0.01lot. Entry is possible for lots starting from 0.01. The maximum lot limit is 200 in total. The same applies to market orders and limit orders. It is also possible to trade in multiple positions. As a side note, swap points will occur if you cross the dates.

Completely free of transaction fees

Standard accounts have no transaction fees. Therefore, it is a hot topic among both beginners of FX and experienced traders, and is of course the most widely used standard account type. Other account types incur transaction costs.

zero cut

The standard account uses the zero cut rule. Zero cut means that your account will not become negative due to some kind of transaction problem. This means there is no risk of incurring debt. System-wise, losses and stop-loss cut level limits are 0% and requotes will not occur. Therefore, you can maintain the margin until you lose the entire amount, but you should think about what to do if you receive a margin call warning.

Advantages of a standard account

The standard account is a popular standard standard account. You can trade all kinds of commodities and use maximum unlimited leverage. The standard account is safe because there is no margin call for zero cut. As for the opening conditions, it is possible to open from as little as $ 1 for fund transfer between accounts, and you can hold up to 100 accounts at the same time. Even new deposits can be opened at a low cost from the minimum deposit amount of $ 10, and there are no account maintenance fees and no transaction fees, so there is an advantage that you can easily start from a low cost.

Disadvantages of standard accounts

The disadvantage is that it can be used widely from beginners to advanced users with easy settings, but the immediate contract method of professional accounts cannot be used. Since it is an account type with a high possibility of slippage, it may not be suitable for people who are particular about it. Be careful as the spreads are wider than other account types. Since this account is for people with a small amount of funds, it is better to choose a professional account for those who have a large amount of funds or who decide the stop loss line fluidly.

Recommended for beginners

Standard accounts are highly recommended for beginners. Standard accounts have the best balance of all account types and can be used for deposits starting from $1, so you can start trading with fairly small amounts. Furthermore, there are many stocks, making it an account type that allows you to enjoy trading to a certain extent.

Get used to trading

We recommend that you start by getting used to trading by using a standard account. As explained above, the standard account allows you to trade evenly and handles a wide variety of stocks, so you won’t have any complaints. We recommend that you get used to it before considering other account types. The standard account is also recommended for those who are new to Exness.

microtransactions

The standard account allows you to trade small amounts, so it is recommended for those who are still afraid of trading. Since leverage is unlimited, the biggest advantage is that you can practice trading even with a very small amount. Therefore, many people consider starting with a standard account. Most people who are new to Exness choose the standard account.