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How to open Exness trading account? - Step by step guide for traders
How to open a Forex and CFD trading account with Exness? Here is everything you need to know.
To register an Exness account on the web application, visit the Exness home page, select your country of residence, enter your email address and password, and click “Continue”; then, you have successfully registered your personal area.
How to register an Exness account on the web application?
Signing up for an Exness account is a very quick and easy process that can be done from the homepage in minutes.
Go to EXNESS’s Official Website
How to register
1. Visit the Exness home page.
2. Under the New Account tab, select your current country of residence, enter your email address, and set a password (follow the guidelines shown); then click Continue.
3. Congratulations, you have successfully registered your personal area.
Sign up for Exness any day of the week (even weekends) at your convenience. You can even open an account with Exness now!
When you sign up for a new Personal Area, it is recommended that you verify your account – follow this link to continue.
How to open a trading account
By default, a live trading account and a demo trading account (both for MT5) are created in your new Personal Area; however, new trading accounts can be opened.
Here’s how:
1. In your new personal area, click Open New Account in the My Account area.
2. Choose from the available trading account types and whether you prefer a live or a demo account.
3. The next screen displays the following settings:
Another opportunity to choose a live or demo account.
The choice between MT4 and MT5 trading terminals.
Set your maximum leverage.
Select your account currency (please note that once set, this trading account cannot be changed).
Create a nickname for this trading account.
Set trading account password.
Once you are satisfied with the settings, click Create Account.
4. Your new trading account will be displayed in the “My Account” tab.
Congratulations, you have opened a new trading account.
Go to EXNESS’s Official Website
How to register an Exness account on the Exness Trader app
Setup and Registration
- Download Exness Trader from the App Store or Google Play.
- Install and load Exness Trader.
- Choose Register.
- Click Change Country to select your country of residence from the list, then click Continue.
- Enter your email address and continue.
- Create a password, noting its requirements. Tap to continue.
- Provide your phone number and verify by entering the code sent to you.
- Create a 4-digit password and enter it again to confirm.
- You may be prompted to set up biometrics if available on your device, or you can skip this step.
- You will be prompted to make your first deposit, but you can skip this step.
- Congratulations, you have successfully installed and set up Exness Trader.
Go to EXNESS’s Registration Page
How to open a trading account on the Exness Trader app
Once you have signed up for a Personal Area, creating a trading account is very simple. Let us walk you through how to create an account on the Exness Trader app.
- demo account
- real account
After demo account registration, a demo account (with $10,000 in virtual funds) will be created for you to trade.
To create an additional demo account:
- Click the drop-down menu at the top of the screen to display the options. Select Create new account.
- Select Demo Account.
- Select the preferred account type under the MetaTrader 4 and Metatrader 5 fields.
- Set the account currency, leverage, and account nickname. Please note that the account currency set for an account cannot be changed once set. Tap to continue. If you want to change your account nickname, you can log in to your web personal area.
- Set the transaction password according to the displayed requirements.
- You have successfully created a demo account. Click “Deposit” to set up virtual funds for your account, then click ” Trade” . In addition to the demo account, a real account will be created for you when you register.
Go to EXNESS’s Official Website
To create an additional live account:
- Click the drop-down menu at the top of the screen to display the options. Select Create new account.
- Select Live Account.
- Select the preferred account type under the MetaTrader 4 and MetaTrader 5 fields.
- Set the account currency, leverage, and account nickname. Please note that the account currency set for an account cannot be changed once set. Tap to continue. If you want to change your account nickname, you can log in to your web personal area.
- Set the transaction password according to the displayed requirements.
- You have successfully created a live account. Tap Deposit to select a payment method to deposit funds, then tap Transaction.
Open Exness’s Demo Account for practice
For those who are thinking of starting FX, or who are just starting FX and want to improve, the most important thing is practice.
There are various ways to practice FX, but demo trading is recommended because of its high efficiency and high effectiveness.
The most scary thing about FX isn’t about increasing your precious money but reducing it.
Demo trade allows you to practice FX without risking your valuable money.
With Exness, you can open a Demo trading account for free, with virtual money in it.
With Exness’s Demo trading account, you can practice Forex and CFD trading without risking your own funds as the account involves only the virtual money, but gives you the same trading tools and conditions as the real account.
Do you want to see the trading condition of Exness or practice trading Forex without risking your own funds?
Open EXNESS’s Demo trading account and start practicing today.
What is Demo Forex Account?
Demo trading is a service that allows you to experience FX trading using virtually the same screen as a real trading environment using virtual funds.
Demo trade is provided by the Exness as part of the service, so it can be used free of charge.
For example, you can make a forex trade using a virtual fund of 10,000 USD, and experience what the result will be.
The great thing about demo trading is that it’s just virtual money, so even if you fail to trade, the only thing that decreases is virtual money, and you can practice without using actual money.
It is extremely significant to be able to improve FX trading technique in an environment where the biggest risk of investment is the possibility of losing money.
We will explain the advantages of demo trading in detail later.
Analyze your trading strategy with risk-free
Practice is indispensable for improving FX trading technique.
Practice is literally to verify why the price movements and results have been so far and why, and to use them to improve trading technique.
However, since actual FX trading uses money, strategy verification when losing money is not free.
Since past price movements are information that anyone can know, using that information, you can learn from past price movements such as “how does this move at this time?” and “how to analyze the correct answer at such times”.
In the FX world, there is also strategy verification software specialized for such work.
Demo trading is suitable for practice, and it is a task of refining trading decision technique using real-time charts and fundamentals (factors such as political economy)
4 Merits of using Exness’s Demo account
There are 4 main advantages to using a demo account of Exness.
Each is very important, and all are essential for success as a FX trader in the future.
1. You can trade Forex without any money
The biggest advantage of demo trading, which we mentioned a little bit earlier, is that you can trade without spending money.
Practice is indispensable for improving FX trading technique, and demo trading can be done for free.
2. You can trade real rates in real time
The important thing in the practice of FX is how to prepare an environment close to a real battle.
Studying FX with books is also effective, but the big difference between books and demo trading is that you can experience real rate fluctuations.
The demo trading service provided by Exness is a free version of the same screen as a real account that actually trades using money, so of course the rate fluctuation is also real.
There is also a feeling that you can get it intuitively by seeing the actual rate fluctuation and experiencing it with demo trading.
For example, the fact that the US dollar has a strong correlation with the stock price, and that the currency pair of the resource-rich countries, the Canadian dollar and the Mexican peso , have a strong correlation with the crude oil price, is most experienced through actual trading.
This is because you can use real rate fluctuations in demo trades.
3. You can experience the trading condition for free
For FX traders, the accounts and trading tools offered by FX companies are important.
It is not the better that it has more functions and the number of currency pairs that it offers, but it is important that the trading platform is easy to use and has the most suitable functions for the trader’s trading style.
Since FX companies are fully aware of this, each company’s account has its own characteristics.
Exness is also the same and offers various account types and platforms for traders.
Visit the page here to see the list and comparison of Exness’s all trading account types.
For those who have never opened an FX account, the accounts of any company may look the same, but when you actually use each account, you will find that the usability and certain areas are quite different.
For example, the technical analysis.
Since the technical analysis has large individual differences depending on the preference of each trader and the trading style that they are good at, it is necessary to select an account depending on which indicator is implemented.
Also, even if the same indicator is used, the usability may be different, so there are many things that you will not understand unless you actually use it.
If it is a demo account, the environment that is almost the same as the actual trading environment is prepared, so it will be useful when making a decision when choosing the account you want to open or the account you should open.
Intermediate and advanced users may also use the demo account to find a more suitable account.
4. Prevent incorrect orders with real funds in the future
By firmly learning how to use trading software in demo trading, you can take measures against the risk that you will make a mistake and lose money when you become a trader of a live account.
Although it is unavoidable that the money will be reduced by making a mistake in the judgment of the market price, it is wasteful to lose the money by pressing a simple incorrect button, so let’s become familiar with the operation with the demo account first.
2 disadvantages of using a demo account
Next, let’s see the disadvantages of using a demo account of an FX broker.
1. Demo and Live have different feelings
In the demo trade, no matter how much you lose, it is a virtual fund, so as already mentioned the biggest advantage is no cost or risk.
And this merit may affect the human psychology and become a demerit.
In short, practice with demo trading does not always yield the same results with real trading.
The psychology of the person who wants to start forex is based on the desire to increase money.
Therefore, it is good to practice demo trade, but demo trade is a virtual fund, so there is no fear of losing.
Real trade is a different world, and the losses you make there are real.
In the case of demo trading, even if unrealized profits were generated, it might have been possible to take profit by waiting for the target rate, but when it became a real trade, you fear that you may end up with a larger loss.
This kind of investor sentiment is not uncommon
You may not have been aware of it because there is no fear of losing money in demo trading, but please keep in mind that the risk due to this prospect theory may become real in real trading.
Considering this, it is good to practice thoroughly in demo trading only after the firm trading rules have been established.
If the demo trading is done in a state where the rules are not fixed as a method, the improvement of trading technique is limited.
2. Demo trading account has expiration date
The big difference between a demo account and a real account is the expiration date.
Originally, a demo account is like a free sample for a Forex broker, so the purpose is to have a real account open after a simulated trade.
Therefore, the expiration date is set, but for those who want to use this demo account for practice, trading can not be done during the practice, even if the demo account is opened again, the previous transaction history will be initialized
There is a difficult part in the medium- to long-term trading experience in case of demo accounts.
Therefore, it is not suitable for those who are thinking of trading that accumulates swap points and trading from a medium- to long-term perspective.
Tips of Demo Account Trading
After understanding the merits and demerits of demo trading, here are three points to consider in order to make use of the demo account in actual trading.
What is important is how to create an environment/situation that is close to actual trading.
1. Trade with the actual volume you will in real trade
When you open a demo account, virtual funds of hundreds of thousands of dollars will be prepared.
Since it is a virtual fund, it is okay to make a bold trade, but it is not practical because it can not (and should not) do the same when trading in the live account.
It is not recommended for Forex beginners to use a large amount of virtual funds, such as virtual funds, to be deposited in the demo account from the beginning to trade.
Since it is common to start with 1,000 currencies at the beginning, it is important to make a more realistic strategy by investing the same amount you would in demo trading.
Even if you have a large amount of virtual fund in the demo account, if you want to start from 1,000 USD when you actually start the real trade, you can do the demo trade in that size even in the demo account.
If you reflect this sense of scale in demo trading and pay attention to the same trading volume, it will be easier to grasp the image of profits and losses that occur during real trading.
2. Understand how to use analytical indicators
What makes forex trading different from gambling is that you can make trading decisions based on technical and fundamentals analysis, but not on luck.
Therefore, it is important to master the usage of analytical indicators to improve FX trading technique, but demo trading can do that for free.
Even if it is a demo trade, you should not play around and not analyzing the markets such as how the economic indicators released from each country affect the rate, what kind of shape the chart will move the rate.
Let’s trade using the analysis tools and improve the technique while being aware of the result.
3. Understand how to place orders
One of the characteristics of FX is the variety of ordering methods.
There are so many types of market orders, limit orders, stop orders, IFDs, OCOs, IFOs, trailing stops etc.
Exness has no restrictions on trading strategies thus you can take advantage of any order types to efficiently carry out your trading.
Most Forex companies implement the same ordering method as the real account in the demo account, so please consider using a variety of ordering methods as a practice.
The most popular ordering method is market order where the rate at the time of ordering is applied.
Moreover, there are so many different phases in the market that, for example, the rate that used to go back and forth within the same range (price range) may move out of that range (range break).
In this case, it is not possible to deal with it only with the market order, so it is necessary to use techniques that utilize various ordering methods such as new orders by stop orders.
Since it is essential for technological improvement to complete orders at the timing and rate you want to order, please try various ordering methods in demo trading and master it.
How to trade safe haven assets on Exness?
What is a safe haven asset? How to trade with Exness?
Investors use safe-haven assets to limit exposure during times of market instability. If traders identify which assets are likely to appreciate and others to decline, they can prepare for market moves.
What is a safe haven asset?
A safe-haven asset is a financial instrument that is expected to retain or even gain value during an economic downturn. These assets have no or negative correlation with the broader economy, meaning they can appreciate in value when markets crash.
Assets often have certain characteristics that enhance their reputation as safe-haven assets, including:
- Liquidity: Assets need to be easily converted into cash at any time
- Functionality: The asset needs to be able to continuously provide a purpose for long-term needs
- Limited supply: supply should never grow faster than demand
- Certainty of demand: assets are less likely to be replaced or obsolete
- Permanence: Assets should not decay or rot over time
Not every safe haven has all of these characteristics, so investors must make judgments about the most appropriate safe havens in the economic environment. It’s important to remember that what makes for a good safe haven in one market downturn may not show the same results in another, so investors must be clear about what they want to gain from using safe-haven investments.
Invest in Safe Haven Assets on Exness
How to trade safe-haven assets
Market downturns are an inevitable part of the market cycle, which means it’s in the investor’s best interest to be as prepared as possible.
In times of financial crisis, assets seen as safe havens tend to outperform the vast majority of the market. While investors often use safe havens to protect the value of their portfolios, it is important for traders to be able to identify safe-haven assets and use this understanding to predict price movements and implement their own strategies.
For example, exiting a “riskier” asset could cause a sudden drop in market prices as investors to flock to safe havens, meaning you might consider exiting any long positions or going short. However, if you are confident that you can identify the current safe haven, it is possible to profit from the price increase.
There is no sure-fire way to trade safe-haven asset patterns, as it all depends on your motives. But whether you want to take advantage of price swings or adjust your positions to protect yourself from falling prices, understanding the prevailing market sentiment around safe havens is crucial.
Examples of safe-haven assets
Popular safe havens can change over time, so it’s important to keep up with investment trends. However, there are a few safe havens that have remained the most popular over the years, including:
- Gold
- Government bond
- Dollar
- Japanese Yen
- Swiss Franc
- Defensive stocks
Invest in Safe Haven Assets on Exness
Gold
When people think of safe havens, they most likely think of gold. As a physical commodity, the price of gold is generally not affected by central bank-determined interest rates, and unlike paper money, the supply of gold cannot be manipulated through operations such as printing.
Perhaps the strongest example of gold as a safe-haven asset came after the 2008 global financial crisis. For example, the influx of investment caused the price of gold to rise by nearly 24% in 2009 alone, and this upward trend continued into 2011.
Many people believe that the decision to buy gold is a behavioral bias based on the history and store of value of gold-backed currencies. In theory, because gold has historically been viewed as a safe-haven asset, investors flock to the precious metal when there are signs of a major market meltdown. Gold as a safe haven has become a self-fulfilling prophecy.
Government bond
Government bonds are essentially the fixed term “I owe you” for a government that pays interest on a regular basis – Treasury bills and notes are a type of bond. The only difference between the two is the full repayment of your previous time. Treasury bills have a maturity of one year or less, while Treasury bills have a maturity of ten years or less.
Investors tend to have more confidence in bonds issued by governments in advanced economies – the most popular being U.S. Treasury bills. Their status as safe-haven assets depends on the U.S. government’s credit profile and the dollar’s high-quality income. With the asset having such a steady income, investors see government bonds as a risk-free haven, especially since any money invested will be repaid in full once the notes mature.
For example, in February 2018, stocks tumbled as bond yields rose, ironically, investors took a safe haven to buy U.S. Treasuries.
US Dollar
For more than 50 years, the U.S. dollar has been one of the most popular safe havens during economic downturns. It has many security features – most crucially, it is the most liquid currency on the foreign exchange market.
This confidence in the U.S. dollar came from the Bretton Woods agreement of 1944, which introduced a fixed currency system and made the U.S. dollar the world’s main reserve currency. Even after the abolition of the system, the U.S. dollar remains a safe-haven asset because it represents the world’s largest economy.
While many believe the dollar’s status as a safe-haven currency will be hurt by heightened volatility caused by U.S. President Donald Trump’s contentious political situation, it still appears to benefit from safe haven flows. For example, the U.S. dollar index rose 5.29% between January 2018 and August 2018, despite trade tensions causing volatility between stock markets and commodities.
Japanese Yen
The yen is considered a safe-haven currency because it often appreciates against the dollar when U.S. stocks and government bonds fluctuate.
After World War II, the Japanese economy was restructured to allow it to catch up with the rest of the global economy. The Bank of Japan (BoJ) is highly regarded and the Japanese yen has become a major global currency. Despite constant government intervention, the yen’s liquidity continues to attract investors in times of financial crisis.
The yen has gained a reputation as a safe-haven asset due to Japan’s high trade surplus relative to debt. The value of foreign assets held by Japanese investors is much higher than what foreign investors owe Japanese assets – this means that when the market is “off risk”, funds are withdrawn from other currencies and flowed into the domestic market, thereby appreciating of the yen.
Another part of the reason the yen continues to act as a safe-haven currency during market turmoil is that everyone thinks it does. Similar to gold, it has become a self-fulfilling prophecy.
Swiss Franc
A study by Germany’s central bank, Deutsche Bundesbank, found that the Swiss franc often appreciates when global stock markets show signs of financial stress.
Common reasons why investors favor the Swiss franc as a safe-haven currency include the political neutrality of the Swiss government, the strong Swiss economy and its well-developed banking sector.
The country’s independence from the European Union also makes it a safe haven for capital in adverse political and economic situations. In fact, during the eurozone crisis, there were huge inflows into the franc, and the Swiss central bank imposed a temporary peg to the euro in an attempt to weaken the national currency.
Defensive stocks
Investors looking to manage risk during a downturn may also choose to turn to defensive stocks, as they tend to outperform the broader stock market during recessions.
Defensive stocks are stocks of companies involved in providing goods and services such as utilities, consumer staples, food and beverages, and healthcare. They are seen as safe-haven assets because they are likely to remain stable even in times of economic uncertainty due to constant demand for the product.
Defense stocks should not be confused with “defense stocks,” which refers to arms manufacturers and other sectors in the arms trade.
Opening Exness MT4 and MT5 accounts
To open a Demo account with Exness, the client is not required to provide any documents.
Demo account gives you an opportunity to get to know our service and features of trading platforms.
However, both real and demo accounts are always managed and monitored via Personal Profile.
Therefore to start working with Exness, you shall complete the registration and get yourself a Personal Profile.
To do so you shall fill out the registration form, providing only minimal information about yourself, including your e-mail address.
Notification about opening of the Demo account will be sent to such e-mail, along with the guide on how to install and set up.
After registration of your Personal Profile and receipt of Demo account, you can go to your Personal Profile, and find and monitor your Demo account in “MY ACCOUNTS” section.
Required documents to open Exness account
To open any other type of real accounts you need to go through the full registration and identification procedure.
To do so, you shall fill out the relevant forms in your Personal Profile for individual account or for corporate account and attach the required documents.
Go to EXNESS account opening page
The following documents are required to open an individual account:
1. Proof of Identity
A copy of a valid passport or other official state ID (e.g. driver’s license, identity card, etc…).
The ID must contain the client’s full name, an issue or expiry date, the client’s place and date of birth OR a tax identification number and the client’s signature.
2. Proof of Residency
A recent utility bill (e.g. electricity, gas, water, phone, oil, Internet and/or cable TV connections) or official bank statement (with official bank stamp) issued not more than 3 months ago, confirming your residential address.
Required documents for corporate (company) account
The following documents are required to open a company account:
- Memorandum and Articles of Association
- Certificate of Incorporation (if the Certificate of Incorporation is dated more than 6 months ago, a Certificate of Good Standing/Certificate of Incumbency is required, dated less than 3 months ago)
- Certificate of Registered Address*
- Certificate of Directors and Secretaries*
- Certificate of Shareholders*
- Board Resolutions/Minutes that authorizes to open a trading account, nominating the persons authorized to sign the application documents and nominating the persons authorized to handle the account, mentioning authorization to invest in highly speculative instrument *
- Power of Attorney (if there are any person who can act on behalf of the Company) *
- Copy of a Passport or an ID card and Proof of Address (i.e. utility bill) of empowered person*
- Passport/ID and Proof of Address (i.e. utility bill) of all shareholders/beneficial owners of the Company*
You only need to submit documents once
All requirements regarding quality and structure of client identification documents constitute strict requirements of regulatory policy; therefore we always ask our clients to be understanding and cooperative.
No additional documents will be required from you in the future to open other types of accounts, both investment or trading, except for filling out and signing various applications and Agreements, related to specifics of particular instruments and markets (such as Options trading agreement or Discretionary management agreement).
Being a verified customer, you will be using your Personal account to file requests to open new accounts, transfer funds between accounts and withdraw money to your bank accounts.
Invest in Forex with superior conditions
The main reason behind the attractiveness of currency markets, Forex market in particular, to investors is their high liquidity.
In comparison to other markets, Forex is highly dynamic and open 24 hours a day.
Great money-making potential has long made currency market one of the investors’ favorites.
The Exness provides to both professional traders and absolute beginners a most convenient, high-quality access to the ever popular Forex currency market with its considerable daily trading volumes.
Exness’s solid hands-on experience in the areas of trading and professional investments enables Exness, armed with the latest technology, to offer to Exness’s clients very special terms of trading.
Among them is the cutting edge order execution model, used by pro traders on both sides of the Atlantic.
Taking advantage of Exness’s MT4 and MT5 allows to bring the quality of OTC order execution unbelievably close to that on the trading floor.
Open EXNESS Real or Demo Account
Various accounts, platforms and tools
All clients of Exness are guaranteed 24-hour access to each available instrument.
Exness’s trading system ensures reliable performance and completely transparent anonymous trading.
Since it works based on the exchange model, liquidity providers are institutions and cannot back out from deals at the quoted rate.
Open an account and see for yourself: your orders will be executed within milliseconds or less.
In addition, you get the information about market depth within Exness’s trading system, and place your orders at any level within the Open Book.
In order to make trading as convenient and profitable as possible for every participant, Exness offers a choice of working with different platforms and rate plans.
Choose the most suitable account with Exness
We recommend that beginner traders take advantage of the Exness’s professional accounts, which allows trading with the minimal amount of 100 EUR or USD.
In this case, the client’ orders are executed through the most popular today trading terminals, Metatrader 4 and Metatrader 5.
Novice traders will appreciate great bonuses as spreads from 0.3 pips on beginner’s accounts.
Seasoned traders will likely find it more interesting to work with the Exness’s MT4 and MT5 accounts, which carries out order execution through the multi-market terminal.
You will be able to make money on liquidity trading within the Open Book accessible directly from the MT5 terminal, with spreads starting from 0.0 pips.
For the list and comparison of all account types, go to the page here.
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