Exness:Account Type and Features: Zero Account Differences from Exness FX Low Spread

Among the trading account types of Exness, we recommend the zero account, and we will explain its features, advantages, and disadvantages in this article. This is 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: 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

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.

Zero cut adopted

If the balance becomes negative, the zero cut system is applied as standard, and if a large loss occurs, a loss cut is also adopted. Therefore, it is a favorable setting for traders. The latest information is also listed in the FAQs on the official website of the operator, so please refer to them. The operating company also holds a license from the Financial Services Agency, so there is no need to worry. Any valuable trade is possible while judging by day trading. In general, you can aim for your own platform according to your purpose, so you can rest assured.

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

Basically, this account type has a good balance compared to other companies, and you can trade not only USDJPY, GBPUSD, and EURUSD, but also Bitcoin in the market with a normal spread of almost zero. There is a commission fee when trading, but the spread is almost zero, so it is of course suitable for scalping. It has a good reputation because it allows you to trade in an optimal style in a real environment.

For scalping

This account type is recommended for traders who mainly do scalping because the spread is very narrow. Along with the low spread account, this account type is recommended for scalping traders. Slippage does not occur much. You can adjust the price and amount to dollars, euros, etc. while using metatrader. Unlike demo, there are a wide variety of financial instruments and you can compete in high lots and situations. Even individual investors can earn a lot in one day. Zero spread is the biggest advantage of using our company. However, there is a possibility of losing funds, so please understand it.

Difference between low spread account and zero account

The minimum spread for the Zero Account is 0.0 for the top 30 products only, while the Low Spread Account has an ultra-low spread.  Also, the Zero Account and the Low Spread Account have different transaction fees when placing an order.  For the Zero Account, the transaction fee starts from USD0.1 one way per lot, while for the Low Spread Account, it is up to USD3.5 one way per lot.  Both allow for a wide range of trades per large unit. Both methods are suitable for professionals and allow smooth deposits and withdrawals. Narrow spreads are available, making it easy to make a profit. You can find out more details by registering.

Advantages of a zero account

Currently, with a zero account, you can place orders at 0.0 pips with zero spread. The Zero account is the only account type in Exness that is always zero spread, so it is highly recommended for scalping traders to select when starting out. Similar to a low spread account, the benefits are that commissions are kept low and fixed for each brand, making it easier to predict and manage transaction costs. Compared to others, you can order instantly, so there’s no stress.

Disadvantages of zero account

For reference, unlike the Low Spread Account, where the transaction fee is fixed at a maximum of $3.5 per lot per lot, and the Standard Account, which is free of commission, the fee for the Zero Account varies from $0.1 each way depending on the service brand. Of course, when looking at the specs between a low spread account and a zero account, there is a difference in the total transaction cost. Please note that the spread may widen considerably depending on the time of announcement of important economic indicators. However, the common thing is that the trading rules are free and you can trade freely, so you can trade in the most suitable style.