Exness Review by TopAsiaFX

Exness comprises 5 types of accounts.

These 5 accounts are primarily divided into 2 types.

• Standard Trading Accounts
• Professional Trading Accounts

Within Standard accounts, we have "Standard" and "Standard Cent". They do not have any minimum deposit requirement, just a first-time deposit requirement the minimum amount for which depends on the payment method opted for.

This is particularly handy and more lucrative for beginners. As a result, they will be inclined to try multifarious approaches.

One specialty of Standard Cent accounts is that they contain centlots, which offer lower minimum volumes of trading, causing less exposure in terms of risk.

Additionally, all the account types use market execution except the Pro account which uses instant and market execution methods.

Let us learn elaborately below:

Zero Spread Account

Zero spread accounts charge 0.05 dollars as a commission for each trade. They provide market execution with a margin call triggering at around 30%. However, there are no restrictions on leverage.

Raw Account

Just like zero spread, the raw account also charges a trade-based commission. They charge up to 7 dollars each round (both sides). Spread is low and provides market execution. They have a similar 30% trigger with no stop-out.

Standard and Standard Cent Account

These accounts have a very high spread. Their risk management is more restrictive. They also offer market execution.

There is also Standard Cent, which comparatively has better spreads and is more restrictive. Just like standard, standard cents also comply with market execution.

Pro Account

In comparison with the other ones, the Pro account has a lower spread. Via this, one can switch between both instant and market execution.

Exness lets traders begin with any amount they want. They do not have a fixed prerequisite amount. However, it is to be known that there might be a probable minimum transaction amount fixed by the payment providers.

For CFDs, the fee depends on the account chosen, depending on whether the account has a commission or not. Forex trading, meanwhile, is concerned with spreads, where they are appreciated for having competitive spreads. Lastly, Exness does not charge any account fees, inactivity fees, or withdrawal fees.

During the exchange, they use the market conversion rate.

Account Opening and Verification Process

Opening an account and verifying it in Exness is a fairly straightforward process. Let me guide you.

Registration

First and foremost, you need to create an account.

Enter the website and go to "Open Account." Next, input your email address and password. Additionally, you need to select your country/region. Different internal aspects may differ depending on the country you choose.

Verification

• Email Verification

You have to input your email and then click on "Send me a code.". And then a 6-digit code will be sent to your email address, and by entering it, your email will be verified.

• Phone Verification

This step is similar to step 1. You have to input your phone number and click on "Send me a code". Then you will get a 6-digit code which you have to enter to verify your phone number.

• Entering Personal Information

You simply have to input your relevant details like name, gender, address, etc. Once you are done filling up, click on "Continue." Economic Profile Here you have to respond to some questions concerning your profession and experience in trading and your income.

• Identity and Residence Verification

Depending on your country, you will have to provide your "Proof of Identity" by uploading the relevant documents to prove it. Residence is also to be verified similarly via a document.