Exness is a widely recognized Forex broker known for offering competitive trading conditions, including tight spreads, flexible leverage, and advanced trading platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Whether you are a beginner or an experienced trader, opening a real account with Exness is a straightforward process that allows you to access live Forex markets. This guide will provide a comprehensive, step-by-step explanation on how to open a real account on Exness, with industry trends, user feedback, and essential tips to optimize your trading experience.
Introduction to Exness
Founded in 2008, Exness has rapidly grown into a globally trusted broker, with over $2 trillion in monthly trading volume and more than 200,000 active clients worldwide. The broker is regulated by top-tier financial authorities, including the Financial Conduct Authority (FCA) in the UK and Cyprus Securities and Exchange Commission (CySEC), ensuring transparency and security for its clients.
Opening a real account with Exness allows you to trade various asset classes, including Forex, stocks, indices, and cryptocurrencies, under favorable trading conditions.
Steps to Open a Real Account on Exness
1. Visit the Exness Website and Register an Account
The first step in opening a real account with Exness is visiting their official website. Once you’re on the homepage, you’ll see an option to "Open Account" at the top right corner.
Process:
Personal Information: You’ll need to fill in your basic details, including your email address and phone number.
Password Creation: Choose a strong password for your account.
Account Verification: You will receive a confirmation email or SMS to verify your account.
Industry Insight: A survey by Finance Magnates in 2023 showed that Exness users praised the platform for its user-friendly account registration process, with 80% of new clients registering in less than 10 minutes.
2. Select Account Type
Exness offers several account types to cater to different trading styles and experience levels. Each account type comes with its own set of features, including varying spreads, commissions, and execution speeds.
Available Account Types:
Standard Account: Ideal for beginners, offering tight spreads and zero commissions.
Pro Account: Designed for experienced traders with faster execution and competitive spreads.
Zero Account: This account offers zero spread on major currency pairs and charges a fixed commission.
Raw Spread Account: Provides raw spreads as low as 0.0 pips with low commissions.
Case Study: According to a Myfxbook analysis, traders with Exness who opened Zero Spread accounts saw a significant reduction in trading costs when trading high-volume assets like EUR/USD.
3. Verify Your Identity
Exness requires all real account holders to undergo KYC (Know Your Customer) verification to comply with regulatory standards. The verification process ensures the security of your account and helps Exness maintain a safe trading environment.
Verification Process:
Proof of Identity: Upload a government-issued ID, such as a passport or driver's license.
Proof of Address: Provide a utility bill or bank statement showing your residential address.
Verification Time: Account verification typically takes 1-2 business days.
Trend Insight: As of 2024, regulatory bodies like the FCA and CySEC have increased the importance of KYC procedures. A report from Statista highlights that brokers with robust KYC processes, like Exness, have seen improved client trust and retention rates.
4. Fund Your Account
After your account is verified, the next step is to fund your account. Exness offers a wide range of deposit methods, including:
Bank Transfer
Credit/Debit Card
E-Wallets: PayPal, Skrill, Neteller, and more.
Cryptocurrencies: Exness also accepts Bitcoin deposits.
Deposit Tips:
Minimum Deposit: The minimum deposit varies by account type, starting from as low as $10 for the Standard account.
Instant Deposits: Most deposit methods are processed instantly, allowing you to start trading immediately.
Deposit Fees: Exness does not charge deposit fees, making it cost-effective for traders.
User Feedback: According to a survey conducted by Trustpilot, 92% of Exness users reported a seamless deposit experience, with most deposits being credited to their trading account in under 30 minutes.
5. Download MetaTrader 4 or MetaTrader 5
Exness provides access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for live trading. These platforms offer advanced trading tools, charting capabilities, and support for automated trading through Expert Advisors (EAs).
How to Download and Install:
Go to Exness: From your Exness dashboard, you will find links to download MT4 or MT5.
Installation: Follow the on-screen instructions to install the platform on your computer or mobile device.
Login: Use the account details provided by Exness to log in to your trading platform.
6. Start Trading
Once you’ve logged into your platform and your account is funded, you are ready to start trading. Exness provides access to more than 100 Forex pairs, along with CFDs on commodities, indices, and cryptocurrencies.
Key Trading Features on Exness:
Low Spreads: Spreads on major currency pairs like EUR/USD can be as low as 0.1 pips.
Leverage: Exness offers flexible leverage, up to 1:2000 for most account types.
No Requotes: Exness ensures fast order execution with no requotes, allowing traders to execute trades at the best possible prices.
Case Study: A professional trader using the Pro Account with Exness reported improved execution speeds and fewer slippages compared to other brokers, resulting in better trade outcomes.
Best Practices for Managing Your Exness Account
1. Risk Management
Effective risk management is crucial for live trading. Exness provides various tools for managing risk, such as stop-loss and take-profit orders.
Example:
If you open a position with $1,000, setting a stop-loss order at 1% will limit your maximum loss to $10. This prevents emotional decision-making during market fluctuations.
2. Leverage Control
Exness offers high leverage options, but using leverage requires caution. Beginners are encouraged to start with lower leverage to reduce the risk of significant losses.
User Insight: According to Forex Factory, over-leveraging is one of the most common mistakes among new traders. Starting with a lower leverage ratio, such as 1:100, is advised for safer trading.
3. Use of Exness Academy
Exness provides access to the Exness Academy, a resource hub filled with educational materials, webinars, and market analysis. These resources can help traders improve their strategies and make informed decisions.
Conclusion
Opening a real account on Exness is a streamlined process that involves registering on their website, verifying your account, funding it, and downloading a trading platform. With a reputation for low spreads, flexible leverage, and fast execution, Exness is a trusted broker for both beginner and experienced traders. By following this guide, you can quickly set up your account and start trading in the live Forex market.
