[Exness: For Beginners] Account Type and Features: Zero Account Differences from Exness FX Low Spread

Among Exness, the Zero account is a dedicated account for professionals and a dedicated account for advanced traders. The zero account is the only one that has a mechanism called “zero spread”, and it is very attractive because it uses zero spread.

zero account

The Zero account will be a professional account. Among the three types of accounts for professionals, the “zero account” with zero spread is different from the “low spread account”, and the “zero account” has a carefully selected list of the most popular major currencies and minor currency pairs. You can do 30 specific stocks with zero spread without spread. However, you need to be careful as there is a fee for each transaction. 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

The characteristics of the zero account are as follows. Zero account is an account type for intermediate and advanced users and has transaction costs. Among overseas FX companies, we have the narrowest spreads in the industry. You can also use automatic trading (EA) tools. There are no campaigns or bonuses. Due to the specifications, it is possible to create multiple different new accounts in the personal area.

Handling of financial products

Our financial products include major currency pairs (US dollar, euro, Japanese yen, pound), minor currency pairs, and exotic currency pairs. You can also trade gold, virtual currency (Bitcoin), stock indices, and CFDs. Swing trading currencies such as CAD and CHF can also be traded. You can also trade for higher amounts.

Maximum lot and loss cut

The minimum lot is 0.01 and small transactions are possible, and the maximum lot is 200, allowing you to hold a large number of positions. The loss cut limit level is 0, which means that the balance is zero and you can withstand losses until you lose the entire amount. Since it is a risk, we recommend adding funds or cutting your loss when the margin is around 0%. Swap points will also be generated if the date is crossed.

A fee will be charged

The disadvantage of a zero account is that there is a fee for each currency pair. The maximum fee for a low spread account was $7, but the fee for a zero account changes depending on the number of lots and the conditions, and it can cost more than $7 one way. When we actually confirmed that execution rejections (re-quotes) occur even with market orders and limit orders, they almost never occur, and settlement is easy and smooth. Some payments will fail during the indicated time period.

narrow spread

In addition to USDJPY, GBPUSD, and EURUSD, you can also trade Bitcoin with almost zero spread. There is a commission fee when trading, but the spread is almost zero, so it is suitable for scalping.

For scalping

This account type is recommended for traders who primarily focus on scalping, as the spreads are very narrow. This account type is recommended for scalping traders along with low spread accounts. Slippage does not occur often.

Difference between low spread account and zero account

The minimum spread for the zero account is 0.0 for the top 30 products only, but the low spread account has an extremely low spread. Also, the transaction fee when placing an order is different for zero account and low spread account. For a zero account, the transaction fee starts from USD 0.1 per lot, one way, but for a low spread account, the transaction fee is up to USD 3.5 per lot, one way.

Advantages of a zero account

With a zero account, you can place an order with a zero spread of 0.0pips without a spread. The Zero account is Exness’s only zero spread account type, always with no spread, and is highly recommended for scalping traders. As with the raw spread account, the commission is fixed for each instrument, which has the advantage of making it easier to predict and manage transaction costs.

Disadvantages of zero account

Unlike the Raw Spread Account, which has a fixed transaction fee of up to $3.50 per lot one way, and the Standard Account, which has no fees, the zero account fee varies from $0.10 one way depending on the instrument. There is a difference that there is a difference in the total transaction cost between the low spread account and the zero account.