Exness offers many features for traders. Definitely take a look at their analysis section, as well as the tools section to get an idea what is available to traders in order to get a better overview of the daily market activities. As with most forex and CFDs brokers, exness also offers a demo account. When opening the demo account the trader still needs to decide if she wants a Mini or a Classic account. After that the phone number and email are required to open the account. Both will need to be verified, so don’t go writing in wrong phone or email since it will be impossible to open a demo account this way. You need the verification codes.
After that, the trader can set the leverage, currency and the amount of virtual funds and investor + trading passwords and click open the account to finish the process. We found the whole thing a bit counter intuitive but it is nice that the trader can fund the virtual currency for the account. The leverage seems to be capped at 1:50 for the demo account. Generally, it is up to 1:200 depending on the volume, local regulations (for Poland up to 1:100) and the established expertise by the trader when opening an live account.
Since the broker uses MetaTrader platform, the next screen will show the server name and login details along with steps needed to sign into the platform. Another interesting thing is that a person can open multiple trial accounts, as exness calls the demo account. So the access to the trader’s personal area is not necessarily tied to just one set of platform access codes, several more can be added! On the side of the personal are are menu items like deposit, contests, bonuses and others, however, these are only available to the live account holders – meaning the trader needs to complete the registration which will involve entering more information into the system – personal info, security setup, profile of trader’s finances and trading experience (this is used to assess the eligibility for this kind of investment).
Exness offers 2 types of accounts – the Mini and the Classic. See the features for both below
Exness Mini Account
- Minimum deposit: $3
- Leverage: up to 1:200
- No Commission
- Spread: from 0.3 pips
- No limit to open positions
- Max number of positions 100
- Margin Call: 60%
- Stop Out 0%
- No access to interbank liquidity
- Forex with instant and market execution
- Futures CFDs – market execution
Exness Classic Account
- Minimum deposit: $2000
- Leverage: up to 1:200
- No Commission
- Spread: from 0.1 pips
- No limit to open positions
- No limit to max number of positions
- Margin Call: 30%
- Stop Out 0%
- Access to interbank liquidity on dealers discretion
- Forex with instant and market execution
- Futures CFDs – market execution
Trading Central Web TV is also a nice resource for those who prefer video reports and technical analysis this way.
