Comparison of Exness MT4 and MT5 account types
|Account Types||Standard||Standard Cent||Raw Spread||Pro||Zero|
|Available Platforms||MT4 and MT5||MT4||MT4 and MT5||MT4 and MT5||MT4 and MT5|
|Required Minimum Deposit||1 USD||1 USD||1,000 USD||1,000 USD||1,000 USD|
|Maximum Leverage||Unlimited (Up to 1:2000 for MT5)||Unlimited||Unlimited (Up to 1:2000 for MT5)||Unlimited (Up to 1:2000 for MT5)||Unlimited (Up to 1:2000 for MT5)|
|Financial Instruments||Forex currency pairs, metals, cryptoсurrencies, energies, indices||Forex currency pairs, metals||Forex currency pairs, metals, cryptoсurrencies, energies, indices||Forex currency pairs, metals, cryptoсurrencies, energies, indices||Forex currency pairs, metals, cryptoсurrencies, energies, indices|
|Minimum Spread||0.3 pips||0.3 pips||0.0 pips||0.1 pips||0.0 pips|
|Trading Commission||None||None||Up to $3.50 each side per lot||None||From $0.2 each side per lot|
|Available Trading Size||0.01 to 200 lots||0.01 to 100 lots||0.01 to 200 lots||0.01 to 200 lots||0.01 to 200 lots|
|Maximum Number of Positions||Unlimited||1000||Unlimited||Unlimited||Unlimited|
|Margin Calculation When Hedging Positions||0% (100% for cryptocurrencies)||0%||0% (100% for cryptocurrencies)||0% (100% for cryptocurrencies)||0% (100% for cryptocurrencies)|
|Margin Call %||60%||60%||30%||30%||30%|
|Stop Out %||0%||0%||0%||0%||0%|
|Execution Model||Market Execution||Market Execution||Market Execution||Market and Instant Execution||Market Execution|
|Islamic Swap Free Account||Available||Available||Available||Available||Available|
As shown above, you can choose from 5 different account types of Exness and each account has different advantages for traders.
You can also choose the platforms from MT4 (MetaTrader4) and MT5 (MetaTrader5), both are the most popular trading platforms in the world.
With Exness, you can also open multiple trading accounts of different account types, then trade in multiple accounts simultaneously to diversify your strategies and to tryout different account types.
To open an account with Exness, go to the online registration from the official website.
What are the differences of Exness account types?
There are 5 different account types available with Exness.
Which account type you would choose? Here are the differences of the account types.
1. Exness Standard account type
Exness Standard account is the most popular account type, suited for any types of traders.
Exness Standard account is available for both MT4 and MT5 platforms.
The minimum spread (trading cost) is 0.3 pips with no extra commissions.
On Exness Standard account, you can invest in all financial markets available with Exness which are Forex currency pairs, precious metals, cryptoсurrencies, energies and indices.
You haven’t decided which account type to use to begin with? Open Exness Standard account today.
Exness Standard account requires only 1 USD of minimum deposit amount.
2. Exness Standard Cent account type
Exness Standard Cent account is suited for traders who are new to Forex market.
You can start trading from only 1 USD of minimum deposit on Exness Standard Cent account.
Exness Standard Cent account is the only account type which you can trade with micro lot.
With Exness Standard Cent account, you can minimize the risk exposure by taking advantages of 1 USD minimum deposit, unlimited leverage and the micro lot trading.
You may consider the Exness Standard Cent account type as the practice account, although you will be investing in the real market.
On Exness Standard Cent account, you can only trade Forex currency pairs and precious metals.
Also MT5 is not available for Exness Standard Cent account type.
3. Exness Raw Spread account type
Exness Raw Spread account is provided with the raw spread (without mark ups) and low trading commissions.
Exness Raw Spread account is suited for professional traders who can benefit from the tightest Forex spread.
To start trading on Exness Raw Spread account, you must deposit at least 1,000 USD.
On Exness Raw Spread account, you can invest in Forex currency pairs, precious metals, cryptoсurrencies, energies and indices.
Do you want the raw spread trading environment? Then Exness Raw Spread account type is suited for you.
4. Exness Pro account type
Exness Pro account is the only account type which supports “Instant Execution”.
What is the benefit of the execution model? The benefit is that there is no slippage.
You can experience the superior fill on Exness Pro account, comparing to other account types.
Another benefit of Exness Pro account type is the trading with no extra commission.
The minimum Forex spread is 0.1 pips and that is the only cost you need to cover while trading on Exness Pro account.
Do you want the Instant Execution with no slippage? Then Exness Pro account type is suited for you.
5. Exness Zero account type
Exness Zero account provides you with the absolute zero spread on 30 Forex currency pairs.
Exness Zero account type is suited for traders who needs the tightest spread possible.
You may perform scalping strategy or run EAs (Expert Advisers) with the zero spread of Exness Zero account.
Note that there is a trading commission (3.5 USD per lot) for trading in the account.
Exness Zero account is suited for traders who required zero spread to achieve their trading plan.
Choose from Exness MT4 and Exness MT5 platforms
To provide its traders with the most convenient and organized trading environment, Exness has selected 2 of the most popular trading platforms in the world, MT4 (MetaTrader4) and MT5 (MetaTrader5).
Exness MT4 is the most used and popular platform in the Forex industry.
You may find everything you need for trading, and also EAs and scripts built by programmers in the market.
Exness MT5 is the advanced platform with more flexible options than MT4.
There is a number of limitations on MT4 in terms of server selection, customization and programming codes, but MT5 has gotten rid of them to expand the possibilities for investors.
Exness MT5 includes more order types, indicators, time frames and analysis tools which MT4 does not have.
You can use both trading platforms with Exness.
Do you want to know more about the differences of MT4 and MT5 platforms?
Visit the article below to find out more.
Differences of “Instant Execution” and “Market Execution”?
Price for all trade operations is set by a broker.
There are usually two order execution regimes:
1. Instant execution
This regime implies that market order is executed for a price offered to broker.
When request for its execution is sent, terminal offers current prices automatically.
If broker accepts the prices, the order is considered to be executed.
If he refuses from the asked price, the so-called requote takes place.
It means that broker returns prices on which this order can be executed.
2. Market execution
This market order execution regime implies that broker decides on order execution price itself without consulting with trader.
Market order sending means accepting execution price in advance.
Order execution regime for every financial instrument is chosen by dealing company.
Visit EXNESS Official Website to find out more about their execution models.
Spreads are floating on Exness MT4 and MT5
Exness’s spreads are variable.
Advertised spreads may not be applicable to client accounts of referring brokers.
Exness strives to provide traders with tight, competitive spreads however, there may be instances when market conditions cause spreads to widen beyond the spreads displayed on the Website.
Spreads can widen during volatile market conditions.
Since Exness does not control signal power, its reception or routing via Internet or any other means of electronic communication, configuration of Exness’s clients’ equipment or reliability of its connection, Exness cannot accept any liability for any breakdown or failure of any transmission or communication system or computer facility, nor for any loss, expense, cost or liability suffered or incurred a result of Instructions being given, or any other communications being made, via the Internet.
Which Exness’s account type will be charged fees (commissions)?
Currently, the account types subject to trading fees are Zero and Raw Spread accounts.
Trading fees may vary depending on the product being traded, and trading fees for all products can be checked in advance through the detailed contract details on our website.
The standard trading fees applied to certain account types are based on the volume of trading in both directions.
For example, if you buy 1 lot of USDCAD at a trading fee rate of 3.5 USD per lot, you will be charged 7 USD at the time of opening the trade.
1. In case of Zero account type
The trading fee for the Zero account is at least 3.5 USD for both directions, but it can change depending on the instrument you’re trading with, so it’s best to read the details of the contract and check the commission percentage for each instrument.
The fee for opening a 1 lot GBPUSD position is 9 USD. This is because the one-way commission ratio per lot for instruments trading on Zero Account is 4.5 USD. No additional fees are charged for liquidation of a 1-lot position. This is because a total fee of 9 USD was charged when opening a position.
2. Raw Spread
Raw Spread accounts have a fee of 3.5 USD per lot and per direction for most instruments (some indices and cryptocurrencies apply differently). For a detailed list of fee rates for this account type, please check the details of the contract.
The fee for opening a 1-lot GBPUSD position is 7 USD. This is because the rate of commission per lot and direction for Raw Spread accounts is 3.5 USD. No additional fees are charged for liquidation of a 1-lot position. This is because a total fee of 7 USD was charged when opening a position.
Open Exness MT4 and MT5 accounts today
Trading accounts are opened by Exness’s Technology office upon client’s request, and they’re grouped by market segments.
To open an account of any type, you shall follow the link “OPEN A TRADING ACCOUNT” in your Personal Profile, select the relevant market segment and fill out the resulting form.
This information has a clarifying nature for correct understanding of client’s intentions and markets that he or she wants to trade.
Shall there be any clarifying questions, Exness contacts the client, after which the account is opened.
Typically client account is opened within 24 hours.
Client receives an e-mail notification about opening of the trading account, and he or she can see that same account inside the trading platform in a dropdown list of accounts.
Client can immediately file a request to transfer funds from the Exness’s online wallet to the trading account being opened.
Deposit of funds to the trading account may be visible via Personal account interface or via his or her own trading platform.
To withdraw funds from the trading account, Client shall file a request for money transfer, specifying from which trading account and to which Wallet such funds are going.