Exness Professional Accounts Review

Exness is one of the biggest multi-asset brokers in the world today. It boasts probably the largest trading volume for any broker in existence. This broker offers great diversity to traders in the collection of trading instruments, trading platforms available, and trading accounts. More specifically on the trading accounts, there are two different standard accounts and three different professional accounts to choose from.

In this Exness professional accounts review, we want to look at the individual professional accounts offered by the broker. Let’s jump in.

What Are The Three Exness Professional Accounts?

Exness provides three different professional trading accounts that meet the needs of the most experienced traders in the market. The three professional accounts include the Raw Spread account, the Zero account, and the Pro account. Exness mentions that the highlights for these accounts include low spreads or spread-free trading with execution to suit scalpers, day traders, and algo traders. Let’s look at each to see what they have to offer.

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

The Raw Spread Account

This account features the lowest spreads when trading with fixed commissions per lot. Specifically, the spreads on this account start from as low as 0.0 pips with a commission of up to $3.5 per side per lot. Further, the broker charges fairly low swaps for any positions left open overnight on this account. Fortunately, the broker features a swap-free version of this Raw Spread account. This is specifically for Muslim traders who cannot pay swaps due to their religion.

The account allows traders to invest in multiple global markets. On this account, clients can trade CFDs on forex, metals, cryptocurrencies, energies, stocks, and indices. This is a welcomed sight as it allows investors to diversify their investment portfolios. Further, this account features an unlimited number of positions and unlimited leverage. Finally, the order execution style on the Raw Spread account is Market Execution. This execution style features order executions with no requotes.

The Zero Account

The Zero account features zero spreads on the top 30 instruments plus ultra-low commissions. More particularly, this account features spreads from as low as 0.0 pips with a commission from $0.2 per side per lot and upwards. Like the Raw Spread account, this account also has a swap-free version for Muslim traders. Traders not using the swap-free version have to pay an interest charged for leaving positions open overnight.

Further, this account also has other similarities to the Raw Spread account. For starters, it also has unlimited leverage and an unlimited number of positions. Additionally, it uses Market Execution as its execution style and has no requotes. The markets available to trade include forex, metals, cryptocurrencies, energies, stocks, and indices.

The Pro Account

This account features some of the lowest spreads with zero commissions paid. Specifically, this account has spreads as low as 0.1 pips. Like the other two accounts, the Pro account avails traders with unlimited leverage and unlimited positions. The maximum lot size is an impressive 200 lots. Therefore, traders can control favourably large positions on this account. A swap-free version of this account is also available for Muslim traders.

Further, traders can diversify their portfolios on this account. Specifically, they can trade CFDs on forex, metals, cryptocurrencies, energies, stocks, and indices. Interestingly, the broker supports two different execution models on this account. This account uses instant execution for the forex, metals, energies, stocks, and index markets. On the other hand, it uses market execution when trading cryptocurrencies. 

Pros and Cons of Using Exness Professional Accounts

Pros

  • Ultra-low and zero spreads - The Raw Spread and the Zero account both feature spreads from 0.0 pips while the Pro account features spreads from 0.1 pips.
  • Low commissions - Both the Raw Spread and the Zero account feature competitively low commissions for traders.
  • A wide selection of global markets - all the professional accounts on Exness offer access to multiple global markets.
  • Unlimited leverage - Unlimited leverage is available on all professional accounts. However, traders should be careful not to use too big leverage as this might place them in debt to the broker.

Cons

  • Unlimited Leverage - Unlimited leverage can be a double-edged sword. Using extremely high leverage can quickly drain a trader’s account. 
  • Higher minimum deposit - Exness professional accounts require a bit higher minimum deposit starting from $200 depending on where a trader is from. In some countries, it can be as high as $500 or even higher.

Conditions for Unlimited Leverage

While the three professional accounts offer unlimited leverage, there are conditions that apply. Exness has in place two conditions to limit exposure of such high leverage to beginner traders. These conditions include:

  • A trader’s account must have equity of less than $1,000.
  • The trader must close at least 10 orders (excluding pending orders) with a minimum of 5 lots (500 cent lots) across all real trading accounts in their personal area.
  • The total trade volume for closed orders should be more than 5 lots (500 cent lots) across all real trading accounts in a trader’s personal area.

Exness Trading Platforms

Now that we know what the accounts have to offer, we must ask ourselves what trading platforms are available to use. Well, Exness offers traders industry-standard trading platforms with advanced functionality. There are three main trading platforms to choose from. These include MetaTrader 4, MetaTrader 5, and Exness Terminal. Additionally, the broker provides traders with multiple mobile apps including MetaTrader apps and Exness Trade App.

Notably, traders can pick and choose the broker that best suits their needs. MetaTrader 4 and MetaTrader 5 are some of the most popular trading platforms as they provide a lot of functionalities and features. On the other hand, Exness Terminal does not need downloading and provides the same core features and benefits as MetaTrader 5.

Exness Deposit and Withdrawal Methods

If these professional accounts provided by Exness fit your trading needs, then you will first need to make a deposit of at least $200. But what are the payment methods that Exness supports? Well, this broker does a good job of providing diverse options for traders to make deposits. On this broker site, traders can fund their accounts using Wire Transfer, Skrill, Neteller, Credit and Debit cards, Mobile Money like M-Pesa, and a few selected cryptocurrencies like Tether

Supporting such diverse payment systems allows all types of traders to have an option no matter where they are from. The same payment systems are supported for making withdrawals from client accounts. Better yet, Exness vows to process all transactions instantly without manual processing. As such, it offers instant or near-instant withdrawals.

Final Comments

One of the common characteristics of top-tier brokers is supporting all kinds of traders in the market. Well, Exness does not fall short of this. It provides accounts that fit the needs of the different kinds of traders in the market. The professional accounts offered by this broker are best suited for experienced traders in the market. With ultra-low spreads or spread-free trading, traders can take advantage of strategies that rely on high-volume trading like algo trading.
 

Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital.
Please ensure you fully understand the risks involved.

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