Exness Standard Accounts
In the standard category, Exness offers two account types: the Standard Account and the Standard Cent Account. The former is intended for professional traders, as it offers competitive spreads and has no commissions. The latter would be good for beginners who have to try doing live trading but with small risks by trading cent lots. Both provide flexible, user-oriented trading.
Standard Account
The Exness Standard Account is a popular choice for traders who would balance low costs with high flexibility. With this type of account, the trader will be able to trade instruments of all categories-from the most liquid to the less liquid-thus it is totally commission-free and probably quite economical in case of frequent trading.
| Feature | Details |
| Minimum deposit | 10$ |
| Spreads | From 0.3 pips |
| Leverage | Up to 1:Unlimited |
| Commissions | None |
| Trading Instruments | Forex, Metals, Cryptos, Indices, Stocks |
The Standard Account will be the perfect option for traders who would want to trade a variety of instruments at minimal costs, therefore getting the full benefit of high liquidity and tight spreads courtesy of Exness.
Standard Cent Account
The Exness Standard Cent Account is specifically designed for beginners or for those who would want to trade in even smaller volumes. You get the chance to trade in cents with this account type, which drastically reduces the risk while still giving you real market conditions. This account works as a means of practicing trading or fine-tuning your strategies with the least financial risk involved.
| Feature | Details |
| Minimum deposit | 1$ |
| Spreads | From 0.3 pips |
| Leverage | Up to 1:Unlimited |
| Commissions | None |
| Trading Instruments | Forex, Metals, Cryptos, Indices, Stocks |
The Standard Cent Account will be ideal for those traders who want to start small because it will create less risky conditions to learn and grow before eventually moving to larger-scale trading.
Professional Exness Accounts
The Exness Standard Accounts include the Standard and Standard Cent accounts. The former account would be suitable for regular traders through the offering of competitive spreads, commission-free, while the latter, the Standard Cent Account, is more favorable for the beginners as it makes possible low-risk trading in the cent lots.
Raw Spread Account
The Raw Spread Account is ideal for those traders who want ultra-low spreads starting from 0.0 pips in exchange for a small commission on each trade. This account provides the ultimate in pricing and is optimal for both scalpers and high-frequency traders alike.
| Feature | Details |
| Minimum deposit | 200$ |
| Spreads | From 0.0 pips |
| Leverage | Up to 1:Unlimited |
| Commissions | $3.50 per lot per side |
| Trading Instruments | Forex, Metals, Cryptos, Indices, Stocks |
The Raw Spread Account allows access to some of the tightest spreads anywhere, so the account is favored by traders whose trading strategy relies on cost efficiency.
Exness Zero Account
With the Zero Account, there are no spreads on the major currency pairs for 95% of the trading day, in addition to a small commission. This type of account is ideal for traders who require precise entry and exit with no dispersion in the cost of the spread.
| Feature | Details |
| Minimum deposit | 200$ |
| Spreads | From 0.0 pips |
| Leverage | Up to 1:Unlimited |
| Commissions | $3.50 per lot per side |
| Trading Instruments | Forex, Metals, Cryptos, Indices, Stocks |
This type of account is ideal for those traders who seek to avoid spread costs altogether and instead would shift their focus towards fixed commissions as a means to assure trading costs.
Pro Account
The Pro Account is ideal for professional traders because it allows for instant execution with low spreads and without commissions. It is targeted at traders who want to have fast and accurate trade execution.
| Feature | Details |
| Minimum deposit | 200$ |
| Spreads | From 0.1 pips |
| Leverage | Up to 1:Unlimited |
| Commissions | None |
| Trading Instruments | Forex, Metals, Cryptos, Indices, Stocks |
The Pro Account is the foremost account among full-time traders, as it blends low cost, tiny spreads, and high execution speed in a mix.
Exness Demo Account
The Exness Demo Account allows traders to test their skills using virtual funds in a completely risk-free environment. With this, you’ll be able to experience real market conditions, giving you the freedom of time and space to work out how to use the platform, test your strategies, and get comfortable with the trading tools before making any real commitment. This would be fabulous for beginners and those planning on honing their trading methodology.
- You will have the ability to trade with absolutely no risk using virtual funds
- Your demo account will give you access to market conditions in real time
- Practice with all trading tools and features
- No financial risk involved
The use of the Exness Demo Account will enable one to build up enough knowledge and confidence in trading; thus, it would be easier to graduate to a live account when the need arises.
Exness Islamic (Swap-Free) Account
The Exness Islamic Account is intended for traders who need a swap-free environment for trading in concord with the Sharia law. Overnight interest charges, more commonly referred to as swaps, are not included in this type of account; thus, it is targeted toward Muslim traders wanting to trade in accordance with Islamic finance principles.
- No overnight swap charges
- Compliant with the Sharia
- Available in all account types
- Same trading conditions as standard accounts
The Exness Islamic Account can provide the opportunity to trade effectively and in a moral manner, combining all the advantages of a regular account with Exness while excluding swap fees and being intended for traders who operate based on Islamic finance principles.
Comparison of Different Types of Exness Accounts
Exness offers several kinds of accounts, suited for a wide range of traders and trading experience. Each of these account types carries some distinctive features that will be useful for traders to find a better match. Be it a beginner or an experienced trader, Exness has an account type which will suit your kind of trading.
- Standard Accounts Low minimum deposit required and no commission, hence suitable for all categories of traders.
- Cent Standard Account: Applies to cent lots; for beginners and low-risk trading.
- Raw Spread Account: Offers ultra-tight spreads from 0.0 pips with a small commission, suitable for scalpers.
- Zero Account: Enjoy zero spread on majors 95% of the day with fixed commissions.
- Pro Account: For professional traders, this kind of account offers instant execution, low spread, and no commission.
Each account type in Exness offers benefits that best cater to traders’ styles, risk appetites, and market strategies. Be it low cost, tight spreads, or features of execution, Exness is flexible enough to suit your almost perfect trading experience.
How to Start Trading with Exness in Nigeria
- Open an Exness account from the official website of Exness
- Verify it using your identification documents.
- Deposit into your account with any local payment system.
- Download MT4 or MT5 and then log in.
- You can now start trading by selecting your trading instruments of your choice.
These steps will get you underway in trading with the Exness trading company in Nigeria, with some other competitive conditions in trading and local support.
Choose the Right Account in Nigeria
Your trading experience, goals, and financial capacity would determine which type of Exness account to open in Nigeria. For most novices, the Standard Cent Account would be a great deal, since it allows for cent lot trade, thereby reducing financial risk during the process of learning the basics. It works great for people who want to test out new strategies without risking large amounts of money. The Standard Account is also a good option for traders seeking some balance between low costs and extensive trading features, which would be suitable for those with some trading experience.
The more advanced traders would do better with the Pro, Raw Spread, or Zero account. The Pro Account has an instant execution with no commission, fitting for those traders who make trades that need immediacy and precision. Raw Spread Account is the best for scalpers and high-frequency traders who want ultra-low spreads in conjunction with low commissions. Last but not least, the Zero Account allows trading with zero spreads on major pairs, making it the best solution for those who require fixed costs and are focused on trading major currency pairs. Your choice should suit your trading style, risk tolerance, and the specific features you care about in a trading account.
Frequently Asked Questions
What account types are available with Exness in Nigeria?
Exness offers Standard, Pro, Raw Spread, and Zero accounts in Nigeria, catering to various trading styles from beginner to advanced levels.