Exness is a well-established online forex and CFD brokerage known for competitive trading conditions, tight spreads, and flexible minimum deposits. As 2024 approaches, traders want to know what Exness’ minimum deposit requirements and account tiers will look like for the coming year. This comprehensive review breaks down everything you need to know about Exness minimum deposits and account options to help you determine the best account type and deposit amount for your needs.
Exness sets itself apart by offering one of the industry’s lowest minimum deposits, starting at just $1. Such a low barrier to entry makes Exness accessible to all trader levels, from beginners with limited capital to pros managing large accounts. Beyond the minimum deposit, Exness provides traders a selection of account types tailored to specific experience levels and trading styles.
For 2024, Exness has confirmed it will maintain its famously low $1 minimum deposit for a standard account. The broker’s four main account types will remain available, with the same general conditions and features as 2023. However, traders can expect Exness to add new account perks and tighten spreads as the broker continues enhancing its services.
This guide will cover everything you need to know about Exness minimum deposits for 2024, including:
- Minimum Deposits for Each Account
- Account Types & Conditions
- Key Account Features Compared
- Additional Deposit and Account FAQs
Reviewing Exness’ deposit minimums and account tiers will empower you to select the best choice aligned with your capital, needs, and 2024 trading plans.
Minimum Deposits for Each Exness Account
One of Exness’ biggest selling points is its extremely low $1 minimum deposit, which grants access to a standard account. Exness has confirmed the $1 minimum will remain unchanged for 2024. Here is an overview of the minimum deposits for each Exness account type:
Exness’ Standard account has the lowest barrier to entry at just $1 minimum deposit. This makes it the ideal choice for newer traders with limited capital or those who want to test Exness’ trading conditions before adding more funds.
The Standard account has average spreads from 1.2 pips and a maximum leverage of 1:Unlimited.
The Pro account requires a $500 minimum deposit, providing tighter spreads and extra perks for active traders. Spreads start from 0.4 pips average and leverage goes up to 1:500.
Exness’ commission-free Zero account requires a $200 minimum deposit. It has tighter fixed spreads starting from 0 pips, offset by a small markup fee. The Zero account offers leverage up to 1:Unlimited.
The ECN account, designed for high volume traders, also has a $200 minimum deposit. It provides raw spreads from 0 pips by passing on liquidity provider quotes. Leverage is 1:500 for this account.
Exness Account Types & Conditions
Beyond minimum deposits, Exness gives traders a choice of four main account types optimized for different experience levels, trading styles, and volumes. Here is an overview of each account type and key trading conditions:
- Minimum deposit – $1
- Average spreads from 1.2 pips
- Leverage up to 1:Unlimited
- Commission-free trading
- Ideal for new traders due to low deposit and spreads
- Minimum deposit – $500
- Tight spreads from 0.4 pips average
- Leverage up to 1:500
- Commission-free trading
- Well-suited to high volume traders due to lower spreads
- Minimum deposit – $200
- Zero fixed spreads from 0 pips
- Leverage up to 1:Unlimited
- No commissions but a small markup fee
- Provides spread consistency with fee trade-off
- Minimum deposit – $200
- Raw spreads from 0 pips
- 1:500 leverage
- Commission charged per standard lot traded
- Advanced institutional grade liquidity
- Made for high volume traders
Key Features of Exness Account Types Compared
Beyond trading conditions, each Exness account type comes with certain features, perks, and resources tailored to its intended user. Here is a detailed comparison of the key features provided with each account:
|Trading platforms||MT4, MT5||MT4, MT5||MT4, MT5||MT4, MT5|
|Spreads||Variable from 1.2 pips||Variable from 0.4 pips||Fixed from 0 pips + fee||Raw spreads from 0 pips|
|Commission||None||None||None||Charged per standard lot|
|Account currency||USD or EUR||USD or EUR||USD or EUR||USD only|
|Minimum trade size||0.01 lots||0.01 lots||0.01 lots||0.01 lots|
|Negative balance protection||Yes||Yes||Yes||Yes|
|Spread rebates||No||No||No||Yes, with active trader program|
|Pros||Low deposit, ideal for new traders||Lower spreads, high leverage||Zero fixed spreads||True ECN spreads and liquidity|
|Cons||Higher spreads||Higher minimum deposit||Markup fee||Commissions charged|
All Exness accounts come with access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. These allow advanced charting, technical analysis, Expert Advisors, mobile access, and more.
Leverage levels range from 1:Unlimited for Standard and Zero accounts to 1:500 for Pro and ECN accounts. Higher leverage allows trading larger positions with less margin but increases risk.
Exness promises instant order execution with no requotes across all account types and platforms. This ensures seamless trading during market volatility.
Spreads & Commissions
Standard and Pro accounts offer commission-free variable spreads while Zero accounts have consistent fixed spreads with a markup fee. ECN accounts have raw spreads with commissions charged per lot.
Traders can open Standard, Pro and Zero accounts in either USD or EUR. The ECN account is limited to USD only.
Minimum Trade Size
All accounts have a minimum trade size of 0.01 lots, allowing flexibility in position sizing.
Exness permits hedging across all account types, so traders can hold both buy and sell positions on the same instrument.
Traders are allowed to use Expert Advisors and automated strategies on all Exness accounts.
Negative Balance Protection
Exness accounts are protected from negative balances by the broker shouldering losses and risks beyond deposits.
Frequently Asked Questions
What is the minimum deposit for an Exness Standard account?
The Exness Standard account has an extremely low minimum deposit requirement of just $1. This makes it one of the most accessible forex accounts available.
Can I open an Exness account in another currency besides USD?
Yes, Exness allows you to open Standard, Pro, and Zero accounts in either USD or EUR base currencies. The ECN account is limited to USD only.
What is the difference between a Standard and Pro account?
The Pro account requires a higher $500 minimum deposit but offers significantly lower spreads averaging 0.4 pips. The Standard has wider spreads from 1.2 pips but starts at just $1 minimum deposit.
Does the Zero account really have zero spreads?
The Exness Zero account has fixed spreads locked at 0 pips. However, there is a small markup fee charged on trades to make up for the zero spreads offered.
Is the ECN account recommenced for beginners?
No, the ECN account is designed for advanced high-volume traders. Beginners are better off starting with the Standard or potentially Zero account before graduating to an ECN account.
Can I use Expert Advisors on my Exness account?
Yes, Expert Advisors and automated trading strategies are permitted on all Exness accounts across the MT4 and MT5 platforms.
What is the maximum leverage available on Exness accounts?
The maximum leverage offered is 1:Unlimited on the Standard and Zero accounts. More advanced Pro and ECN accounts are capped at 1:500 leverage.
How do I make an additional deposit to my Exness account?
Login to your Exness Members Area and click Deposit. You can add funds via wire transfer, e-wallets like Neteller, debit/credit cards, and other online payment systems.
Is a minimum deposit enough to start trading with real money?
While you can start trading immediately with just the $1 minimum deposit, it is recommended to fund your account with enough capital to facilitate proper position sizing and risk management.
Exness stands out as a brokerage that makes forex and CFD trading accessible to all, with an incredibly low $1 minimum deposit on its Standard account type. For 2024, Exness will maintain the $1 minimum while continuing to offer its selection of Standard, Pro, Zero, and ECN accounts tailored to varying needs and experience levels.
Carefully consider your personal trading style, skills, goals and capital when deciding between Exness’ Standard, Pro, Zero or ECN accounts. The broker’s range of minimum deposits from $1 to $500 alongside varied spreads, fees, and perks allows any trader to find a suitable account aligned with their 2024 plans.
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