Exness: Types and Features of Overseas FX Exness Accounts: Comparison of the Differences with the Low Spread Account Zero

The exness trading account type low spread account is one of the professional accounts, so we will explain its benefits and characteristics in this article. This account is for advanced users, and as the name suggests, its main feature is the narrow spread. For that reason, this account type 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: Account Type List and FX Account Comparison Differences and Features of 5 Recommended Types

Exness offers a total of 5 account types (Standard, Pro, Zero, and Low Spread), and we will explain the recommended ones based on their characteristics and trading. There are differences for each account type. Especially if you are trading on Exness for the first time or are thinking of opening an account on Exness, I highly recommend reading this article. The five account types offered by Exness have various features to suit the user.

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2024.06.23

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. Therefore, many users choose this account. However, it may spread depending on the time of day and position. The reason is that the price becomes unstable due to the announcement of important economic indicators, and the swings of the pair become quite large. It is safe to target once the market rate has calmed down.

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. Requotes (rejection of trades) will not occur. It is the most convenient account type in total and the service is highly rated, so make sure to make full use of it.

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

Low spread accounts, which are available at overseas FX companies and brokers, are recommended for scalping trades, as the name suggests. Since the spread is extremely narrow, it is a trading account that is very suitable for those who want to trade in a very short time. The cost is kept low and it is cheap, and although it may widen depending on the time of day, it is the only popular account that adopts a narrow spread as a selling point. We have introduced it with reference to the information, so please open an account. Customers are more suitable for professionals than cents in investment. You can use the balance and metatrader, and the cost is low and deposits and withdrawals are smooth. Investors will not have any stress when doing so.

Differences with zero account

Zero accounts are also one of the account types with very narrow spreads. There are two differences between Zero accounts and Low Spread accounts. One is the number of stocks handled. Low Spread accounts have 227 stocks, while Zero accounts have 226 stocks. In terms of transaction fees, Low Spread accounts have lower transaction costs per dollar when executing a round trip. Although the spreads are very narrow, they fluctuate due to exchange rate fluctuations and liquidity. The amount and stocks vary, such as dollars and euros, and the spreads are applied low and kept low. The key is how to manage in currency units.

short term trader

This account type has high specs and a good environment, so you can make a lot of money even with a small amount of capital, and it specializes in short-term trading. It is quite specialized in scalping and short trading, so it is recommended for traders of the same type. On the other hand, this account type does not have much of an advantage when fighting long. In that case, I think it would be better to choose a standard account. It can be said that preferences vary greatly depending on how you fight. Overall, it is the top account and you can make multiple entries at the same time by allocating amounts. Both are generally available for 24-hour trading.

Exotic currencies also available

This broker tends to handle a wide range of products, and FX currency pairs also handle exotic currencies, so check the official website of the operating company for details. Currently, you can trade with more flexible rules than other companies, so you can trade in any style you like. The system specifications are overwhelmingly better than other companies, so it is a well-balanced account that is suitable for professionals. Support is also excellent, and you can get various advice if you register. This operator is also licensed by the Financial Services Agency, and management is excellent. They also handle personal assets in day trading properly. With high specifications, individuals can make decisions and trade in real time from the screen page.