The journey of the Exness Zero Spread Account started at the end of October 2019. There are many traders who prefer to do scalping trading but the most ideal for this is a trading account that has a low spread.
This is because the scalper places a large number of entries, which is a problem for traders if the spread is high. This Zero Spread Account is basically special for such traders. Apart from this, there are several other trading accounts of the broker such as Cent Account, Standard Account, Raw Account, etc. Today we will discuss this special trading account of Exxon Broker. So let’s get started.
Before starting to know the details of this account, first, you need to understand what is “spread” and its importance for trading.
What is the spread?
You all know more or less about spreads. This is basically when you receive an entry, the entry is open at a loss. Hopefully, you know this. The spread is the amount of loss that the position opens. Brokers basically make a profit through this spread. That is, the broker manages all the activities through the spread received from your trade. In a word, this spread is the source of income for the broker.
Now the amount of spread in the brocade varies one by one. It has no definite boundaries. For example, if you trade on an OCTAFX broker, they have a spread of up to 12-16 pips, which means that if you accept 1 standard lot of entry, your trade will start with a loss of about 12-15 dollars.
Introduction
You probably know that “spread” is the broker’s means of earning money. That is, the broker you are trading with makes a profit from this spread. Now the amount of one broker’s spread is one of a kind. If your broker charges a high spread, it is a loss for you, and trading an account with a low spread is much more helpful for the trader.
There are many who want to start a real trade with the lowest spread broker. Many brokers are offering this facility nowadays but Exxon brokers have not had this facility till now so those who were interested in trading in brokers of low or “0” spread would not trade in this broker even if they wanted to.
However, after lengthy discussions and requests with the broker, the broker is finally giving their clients the opportunity to trade at the lowest spread. Keeping in mind the convenience of the customers, this broker is offering the facility to use a new type of trading account called Exness Zero Spread Account. In today’s article, I will try to present you with some detailed information on this account so that you can know and understand the various advantages and disadvantages of this trading account.
Registration
Hope you already understand this cent account. The main difference between this cent account with other trading accounts is only in terms of profit and loss. I will present the issues to you in a simpler and clearer way at the bottom of the article. First, we need to register the Exness Zero Spread Account. Please visit the official website of the broker for this. Or click – www.exness.com. Or you can read the Exness Signup article if you want to know the details of the account registration process.
Once the account is registered, log in to the client cabinet of the broker. Provide the email ID and password you used when registering the account to log in. After logging in, a dashboard will open in front of you. There is a button called “Open New Account” on the top right side or side. Click on it.
After clicking on this button, another new page will appear in front of you showing you the details of different types of trading accounts. From there, click on the “Real Trading Account” button in the “Zero” box.
After clicking, you will be presented with an account registration box where you have to select the trading terminal, trading password, and currency. Fill out the form correctly and click on the “Create New Account” button below.
After clicking the button, Exness Zero Spread Account will be registered properly. And account details will be notified to you via email.
Benefits
Now if this is the case, if the amount of spread in the broker is low i.e. let’s go to trade in EUR / USD currency pair then you see that the spread is 0 pips i.e. if you accept an entry of 1 standard lot, your entry will not start from loss.
On the other hand, the spread in another broker is 12 pips. Then please do a little calculation. Which would be better for you? I hope you can answer yourself. Compared to other brokers, the spread in this broker starts from “0” but it will continue to change above the price movement in the market. However, according to the broker, most of the time the amount of this spread will be around 0. Since the spread is low, it will not take long for your trade to turn a profit. Do you understand?
Exness Zero Spread Details |
|
Account type | Zero Spread |
Minimum deposit |
$200 |
Maximum leverage | 1:Unlimited |
Account registration link |
www.exness.com |
Commission | $3.5/lot |
Spread starts from | “0” |
Hedge and swap-free trading | Applicable |
Order time | Real-Time Market |
There are many who are interested in taking a very large amount of entries i.e. scalping or day trading for those who prefer this type of trading account. All you have to do is deposit at least $ 500 as a condition. Nothing more. Please visit the broker’s website for detailed information about this trading account of the broker. Link www.exness.com
Cent Account vs Zero Spread
In the table below we are presenting to you some of the differences between the two popular trading accounts of Exness Broker, Cent Account, and Zero account. We hope you understand from this treble, which trading account suits you better.
Account features | Cent | Zero |
---|---|---|
Minimum deposit | $1 | $200 |
Maximum leverage | 1:Unlimited | 1:2000 |
Commission charges | N/A | $3.5 per Lot |
Spread starts | 0.3 | 0 |
Margin call | 60% | 30% |
Swap-free / Islamic account | Available | Available |
Zero Vs Standard
In the table below we are presenting to you some of the differences between two popular trading accounts of Exness Broker, Zero, and Standard account. We hope you will understand the basic difference from this table, and which trading account will be better for you.
Account features | ZERO | Standard |
---|---|---|
Minimum deposit | $200 | $1 |
Maximum leverage | 1:2000 | 1:Unlimited |
Commission charges | $3.5/lot | N/A |
Spread starts | 0.0 | 0.3 |
Margin call | 30% | 60% |
Swap-free / Islamic account | Available | Available |
Zero Vs Raw
In the table below we are presenting to you some of the differences between two popular trading accounts of Exness Broker, Zero, and RAW account. We hope you understand from this table, which trading account will be better for you.
Account features | ZERO | RAW |
---|---|---|
Minimum deposit | $200 | $200 |
Maximum leverage | 1:2000 | 1:Unlimited |
Commission charges | $3.5/lot | $3.5/lot |
Spread starts | 0.0 | 0.0 |
Margin call | 30% | 30% |
Swap-free / Islamic account | Available | Available |
Zero Vs Pro
In the table below, I am presenting to you some of the differences between the two popular trading accounts of Exxon Broker, Zero, and Pro accounts. I hope you understand from this table, which trading account will be better for you.
Account features | ZERO | Pro |
---|---|---|
Minimum deposit | $200 | $200 |
Maximum leverage | 1:2000 | 1:2000 |
Commission charges | $3.5/lot | N/A |
Spread starts | 0.0 | 0.1 |
Margin call | 60% | 30% |
Swap-free / Islamic account | Available | Available |
If you want to learn more, please have a look at the Exness Broker section. We have also added a FAQ section where you can find the most common answers. Please refer to the Exness FAQ Section to find your answers.
If you liked this article, then please subscribe to our Newsletter Services for Forex Related updates. You can also find us on Facebook and can subscribe to our YouTube channel. You can also join our Telegram Channel for real-time trading analysis and discussion. Here is our service sitemap. If you have any confusion please leave your comments below.