Open Forex Account: Exness From A- Z: Exness Review, Exness Contest, Exness Mt4, Exness Pamm, Exness Bonus, Exness Registration and Exness Login
Among all forex brokers, I prefer trading on Exness. Because Exness has a very enthusiastic and quick local support team. In addition, the Exness broker has extremely low spreads and many different accounts depending on the trading strategies of each trader. Another advantage of the Exness forex platform is the instant withdrawal.
A reason that many traders afraid to trade in Exness is that the registration procedure is too complicated. So today I’m writing this article to guide you in detail how to open an account in Exness.
FIRSTLY, I WILL CLASSIFY THE ACCOUNT TYPES IN EXNESS:
There are two main types of accounts at Exness: Demo and Real. As you can see below, there are 3 types of demo accounts and 4 types of real accounts. Most traders create Mini accounts to trade demo and real transaction.
Cent account: This is the most basic account for beginners of forex trading. This account does not have a minimum deposit limit. The amount you deposit will be multiple to 100 times, and the minimum order is 0.01 lot. This is considered the lowest trading volume in all brokers, so it is very convenient for beginners.
View Cent account details ==> Here
Mini Account: This account also has many advantages over other brokers since there is no minimum deposit limit. Low spread and 1: 2000 applied leverage are advantages of Exness.
View Mini account details ==> Here
Classic Account: This Exness account is mainly for medium investors. The minimum deposit of Classic account is $ 2000. This account is better than Mini because of low spread. Classic account’s spread is 30% lower than Mini.
View Classic account details ==> Here
ECN account: This account applies to medium and large investors. For this account, the spread is almost 0 pip. They only charge $ 25 commission for $ 1 million transaction. This is a very low commission compare to other brokers. So if you invest a lot of money, the Exness ECN is the right choice for you.
View ECN account details ==> Here
I will guide you how to create an account on Exness
Click here to start creating an account: Create account
After clicking on the link, you will be taken to the Exness account page. In this article, I only guide you to create a real account because the other account types also have the same creation way. There are 4 different types of real accounts, and most people create Mini accounts because they have the most promotion and no minimum deposit.
The Exness Group was founded by a group of like-minded professionals in the area of finance and information technology in 2008.
Leadership:
In the past years the Exness Group has come a long way, becoming an industry leader: by the middle of 2014 Exness Group clients’ monthly trading volume was more than 180 billion USD and the number of trading accounts opened each month by traders around the world exceeded 15,000. Currently Exness Group offers the ability to trade more than 120 financial instruments, with some of the best-on-the-market order execution and record-tight spreads for the main currency pairs.
By the middle of 2014 Exness Group clients’ monthly trading volume was more than 180 billion USD.
Priorities:
Continuous development, guided primarily by systematic improvement of trading conditions, is the key to Exness Group’s long-term and successful work. Issues concerning improving the quality of services offered at Exness Group are considered most seriously. In December 2011 Exness Group received an international certificate of compliance with ISO 9001:2008 for “Organizing Forex trading”.
- Instant Withdrawal
- Deposits and withdrawals with 0% commission
- Tight spreads without hidden commissions
- Order execution from 0.1s
| Support Types | Chat , Telephone , Email |
|---|---|
| Minimum 1st Deposit | $5 |
| Bonus | Zero % Commision |
| Free Demo Account |  |
| Regulation | Trusted Broker |
Recently, trading systems aimed at reducing the influence of the broker have started to become more widespread – Electronic Communication Networks or ECNs. And in the financial world there has more and more often been talk of ECN brokers and how ECNs are the future of Forex.
An ECN represents a floor or network in which liquidity providers and individual traders conduct transactions among themselves and cut out the middle-men. If we ask ourselves the question what the relationship of Forex is to ECN systems, we can say quite boldly that is that actual “interbank” that dealing centers and market makers so often mention.
To be more exact, trading in the interbank currency market is performed thanks to ECN systems that bring together a multitude of participants in the currency and financial markets.At the basis of the operation of any ECN floor lies a system of pairing orders.
This means that trading orders from all ECN participants are entered into a common database. Opposing orders (buy/sell) from the various participants are executed when their basic parameters such as asset, volume and price, coincide, that is, the system automatically selects the corresponding orders and executes them. Characteristic of the interbank market is the fact that the clients’ orders for the purchase and sale of a given financial asset are executed at current market prices.
One of the key features of an ECN is the absence of conflict of interest between broker and trader. An ECN broker only transmits traders’ orders into the system (that is, brings them to the interbank) and earns money exclusively on the commission from each deal. Another no less important feature of the ECN is the possibility of taking part in price formation.
Each trader can influence the spread, narrowing it by setting limit orders within the spread – the determining factor here will be the volume of the limit order. The greater the order’s volume, the greater the influence that it can exert on the current price. One other distinguishing characteristic of the ECN system is the special process for executing pending orders.
When the current quote for the trading instrument matches the value given in the pending order, the order is executed. However, in certain circumstances pending orders are executed partially. This is due to a discrepancy in the transaction sizes in offsetting positions.
An advantage of no small importance of the ECN is its transparency for traders — orders that have been received are shown in the system and the information on them is accessible to all participants in the trading. At the present time more and more financial experts are arriving at the common opinion that the ECN system is a step forward towards transparent and easier trading in the currency markets, and it is good that these systems are at last gaining more and more popularity in the
Forex market. Institutional players and the funds market have already long valued the advantages of ECN systems. Now this opportunity has also become available for the individual trader trading in the Forex market. Only a few years ago access was impossible for the ordinary retail trader to the major ECN floors such as Currenex, Integral or FXall.
Professional traders are gradually coming into the market now who operate with very large sums and wish to have a guarantee not only of the safety of their money, but also of receiving the profit they have earned.
The activity of ECN brokers is, as a rule, regulated by more serious and reliable licensing than is the case with many dealing centers and small market makers, which guarantees the transparency of operation and reliability of the broker.
Compared to the majority of dealing centers, ECN brokers offer a completely different level of conduct of transactions, higher speed for executing orders, and execution of them on the best terms existing for the trader at that moment.
In connection with ECN, one of its important analytical tools is worth mentioning. This is the combined “open bid book” or, as it is also called, “Level 2 Quotes”, which show the depth of the market.
These Level 2 Quotes, presented in the form of a table, contain information on limit orders set by participants on the ECN floor for specific trading instruments, namely data on the volumes and prices of bids. In other words, in the table the trader can always see the lowest “Ask” prices and the highest “Bid” prices, and at the same time the corresponding volume of bids, for the instrument in which he is interested.
At the present time all of the more or less major market makers are introducing, or have already introduced, interbank accounts, because introducing them is a sign of a broker’s new level of development.
Recently EXNESS has also been registering accounts for operating in the interbank market and offers traders the opportunity to start trading on its ECN-system, which brings together well-known liquidity providers and ensures order execution at the best prices.
EXNESS offers clients access to the interbank market through an ECN system the basis of which is a programmed “aggregator”, which coordinates the execution of client bids at best prices amongst the several well-known brokers connected to it.
At the present time the following major brokers are the Company’s liquidity providers: ADS Securities, EXANTE, FXCMPRO and MARKET SECURITIES.Before the launch of this project, all departments in our company completed a huge amount of work. Practically every EXNESS employee was involved in the creative process.
A new company division was formed to implement the task and to provide subsequent support. The long-term preparation that went into launching the project was driven by the desire to create a unique service that was previously available only to a narrow circle of professionals.
In full accord with our concept of accessible exclusivity, what was in the past only accessible to the top banks has now become accessible to every trader.In following modern trends in the development of the Forex industry, EXNESS experts have tried, while working on implementation of the project to bring clients’ bids into the interbank market, to take into account all our clients’ wishes and preserve the best traditions of delivering service of the highest quality.
First and foremost that means narrow spreads on the most popular instruments. Multibank liquidity from leading providers promotes the formation of the best prices. Secondly, the ability to replenish and withdraw funds from a trading account via many electronic payment systems.
The new system retains the flexibility and convenience of adding and debiting funds to and from the trading account. Thirdly, it means the ability to hedge offsetting positions for one instrument in the MetaTrader 4 terminal. As always, nothing hinders our clients from applying their own trading strategies in the normal MT4 terminal. Fourthly, trade inside the spread — traders themselves can influence the best buy and sell prices by setting limit orders within the spread.
In summing up all of the above, it may be stated with confidence that the interbank currency market will indeed only continue to gain in turnover and grow steadily in the future, and our company will continue to develop along with it.
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