Exness Standard vs Standard Cent - Account Comparison

Exness provides a range of trading accounts designed to cater to diverse trading styles and experience levels. Among their popular options are the Exness Standard and Standard Cent accounts, each offering unique features and benefits. Understanding the features of these accounts is crucial for traders to make an informed decision aligned with their individual trading goals and risk tolerance.

In this article, we’ll compare the Exness Standard versus Standard Cent account, highlighting their differences in terms of pricing, trading conditions, and overall suitability for various trading styles. Here is a comprehensive account comparison of the Exness Standard vs Standard Cent accounts.

A Brief Overview of Exness’ Trading Accounts

Exness provides a variety of account types designed to meet the needs of different traders. In total, there are five different accounts, which include two standard accounts and three professional accounts. The two standard accounts include the Standard account and the Standard Cent account. These two will be our focus in this article.

The Standard and Standard Cent accounts are particularly appealing to both new and experienced traders due to their flexibility and relatively simple structures. While both accounts allow access to a variety of instruments and features, there are notable differences in pricing and trading conditions that could influence your choice.

What is the Exness Standard Account

The Exness Standard Account is a commission-free trading account designed for retail traders. This account features simple, straightforward trading conditions designed to accommodate the majority of traders online. It offers variable spreads, starting from 0.2 pips, with no additional commission fees. Below is a breakdown of its key features:

Key Features of The Exness Standard Account

• Spreads: The Exness Standard account offers competitive spreads starting from 0.2 pips on major currency pairs. These spreads are variable and can fluctuate based on market conditions, such as volatility and liquidity. This account type is commission-free, making it suitable for traders seeking transparent and straightforward pricing.
• Leverage: Exness provides maximum leverage of up to 1:Unlimited for the Standard account. This high leverage allows traders to control larger positions with a relatively small amount of capital. However, it involves a lot of risk, and traders should use it in a reserved manner.

• Trading Platforms: The Exness Standard account provides access to popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and Exness Terminal. These platforms are equipped with advanced charting tools, technical indicators, and automated trading support through EAs. This gives traders the tools they need to analyse the markets and execute trades efficiently.
• Wide Range of Markets: Traders with an Exness Standard account have access to a wide range of financial instruments, including CFDs on forex, stocks, indices, commodities, and cryptocurrencies. This broad market access ensures that traders can diversify their portfolios and take advantage of various market conditions.

Remember that Forex and CFDs available at Exness are leveraged products.
Their trading can result in the loss of your entire capital.

What is the Exness Standard Cent Account

The Exness Standard Cent account is well-suited for newcomers to trading or those looking to test strategies with minimal risk. Unlike standard accounts, it displays balances, profits, and losses in cents rather than in major currency units like dollars. For example, a $10 deposit will appear as 1,000 cents in the account.

This account also operates with a micro-lot system, where the minimum trade size is 0.01 lots—equivalent to 1,000 units of the base currency. In contrast, a standard account requires 100,000 units per lot, making the Cent account a more accessible option for smaller position sizes.

Key Features of Exness Standard Cent Account

• Spreads: The Standard Cent Account offers competitive spreads starting from 0.3 pips on major currency pairs. This allows for cost-effective trading, especially for those using short-term strategies.
• Leverage: Traders can access leverage of up to 1:unlimited on this account, giving them the flexibility to control larger positions.
• Trading Platforms: The Exness Standard Cent account is available on the same platforms as the Standard account, including MT4, MT5, and Exness Terminal. These platforms offer the same features and tools, allowing traders to use advanced charting and automated trading systems while testing strategies in a risk-free environment.
• Market Products: The Standard Cent Account allows you to trade CFDs on forex, metals, and cryptocurrencies. This includes popular currency pairs, precious metals like gold and silver, and major cryptocurrencies such as Bitcoin and Ethereum. However, unlike the standard account, the cent account does not allow trading CFDs on energies, stocks, or indices.

Remember that Forex and CFDs available at Exness are leveraged products.
Their trading can result in the loss of your entire capital.

Exness Standard vs Standard Cent: Key Differences

The Exness Standard and Standard Cent accounts share several similarities, including the same minimum deposit of $10 and access to the same trading platforms. There are key differences that set them apart. Here they are:

Trading Units

The Standard Account operates with standard lots, where one lot is equal to 100,000 units of the base currency. This makes it suitable for traders who are comfortable managing larger positions and have more trading experience. On the other hand, the Standard Cent Account is designed for new traders or those who prefer trading with smaller volumes. It uses cent lots, where one cent lot equals 1,000 units, and account balances are displayed in cents instead of dollars. This setup allows traders to gain real market experience with significantly lower financial exposure, making it an ideal choice for practising strategies or testing the platform in a live trading environment without risking large amounts of capital.

Market Products

The Exness Standard account features a deeper collection of market products compared to the Standard Cent account. On the Standard account, clients have access to the full range of Exness’ market products. This includes CFDs on forex, stocks, indices, commodities, and cryptocurrencies. In contrast, the Exness Cent account only features CFDs on forex, metals, and cryptocurrencies.

Spreads and Commisions

Neither the Exness Standard nor the Exness Standard Cent account charges commission fees. However, both accounts have spreads. The Standard account offers spreads starting from 0.2 pips, while the Cent account starts slightly higher, from 0.3 pips. So, although the difference in trading costs is minimal, it does exist.

Which Exness Account Should You Choose?

The choice between the Exness Standard account and the Standard Cent account comes down to an individual trader and their needs. The decision-making process involves considering one’s trading experience, risk tolerance, capital, and goals:

• New traders or Low Capital: The Standard Cent account is ideal for investing a small amount of capital. It allows traders to learn and practice with real money while risking very little. 
• More Experienced Traders with Decent Capital: The Standard account is likely more suitable for such traders. The standard lot sizes are better for implementing more substantial trading strategies and aiming for more significant profits per trade.
• Risk Management Focus: For those looking for very precise control over their risk per trade, the Standard Cent account can be advantageous due to its smaller lot sizes.
• Strategy Testing: The Standard Cent account is excellent for testing new trading strategies in a live environment with minimal risk.

Final Verdict: Exness Standard vs Standard Cent Account

Ultimately, the choice between the Exness Standard and Standard Cent accounts comes down to your trading goals and preferences. The Exness Standard account offers a more professional trading environment with competitive spreads and no commission, making it a good option for intermediate and experienced traders. Meanwhile, the Exness Standard Cent account is perfect for new traders who want to trade with smaller lot sizes and learn without committing large amounts of capital.

Both accounts offer access to powerful trading platforms, tight spreads, and leverage up to 1:unlimited. They both feature a variety of market products, but the Standard account offers access to more instruments. By understanding the differences and choosing the right account for your needs, you can ensure a smooth and successful trading experience with Exness.