Exness Professional Accounts Explained

Taylor: In my experience, the Pro account is for professional traders and the Standard account is for experienced traders. The difference is not the contract size, it is the same as the standard account. However, there are some features not found in standard accounts. With lower spreads on the Pro account, the market execution will faster, and even you can receive rebates also some brokers offer higher leverage than standard account. All of this features that help professional traders trade bigger trading size with more freedom. Because of this, you'll find that Pro accounts usually require more deposits than other accounts.

You can read this article to see the differences between Exness Standard and Pro accounts: Standard account vs Pro Account in Exness

Well, after your explanation, I saw the difference between these two accounts. But now next question, what are the trading methods used by professional traders? Scalping, day trading, swinging, positioning traders? And what target profit do these professionals want?

in the meantime,

You have seen the trading conditions in our article about Exness Standard and Pro accounts. I found the spreads to be lower on the Pro account, but they charge a commission each time you open and close a trade. And about the margin call, the pro accounts get level 30% and stop out is 0%. Forget leverage and market execution. I think it will be the same as a standard account. What trading style can be used in this situation at pro account in Exness?

Taylor: In my opinion, there are no specific trades used by professionals. The trading style used does not affect whether a trader likes it or not. But again I mentioned size trading.Pro accounts are accounts used not only by professional traders, but also by some institutions. You can trade with huge trade sizes and when a margin call appears, it will only take effect when your equity is at 30% and stop losing once you reach 0%. You can see that this type of account can hold deeper floating losses than other accounts.

Through Exness Pro, Day Traders, Swing Traders, and Positioning Traders can be arguably the best choice as they use open and closed and calculated round side commissions. Therefore, you will be charged $0.8 each time you open or close a position. If you are a swing trader, you can make big enough profits on two positions with a commission of only $0.8. $1.6 for 2 entries. Day trading also has the advantage of opening more positions. B. 7-8 positions per day with payouts of $5.6-$6.4 only. Also remember about the size trading that I said in the beginning. Because pro account in Exness has lower margin call level and need more deposit, you can trade with 1 lot than 0.1 lot to avoid to paid same commission.

Also, scalping is not recommended. Imagine if you need to open 50 positions, you will be charged USD 40 just for open closed positions. Also, spreads calculated by Exness are not included.

About the trading style and its mechanism, read the article : 4 forex trading style

In my opinion, many traders, both full-time traders and experienced traders, still used standard accounts. Because a retail trader's money management is not the same as an institutional investor's money. While individual traders have limited funds, institutions have larger funds. Therefore, in my opinion, the Pro account is designed for institutions or large companies that also offer financial products.

In terms of trading styles, most large companies open 1 lot size or more and will close the entry at months. so, the style trading that used most and I know is positioning trading. This allows them to get a lot of pips with lower spreads and a commission of only $0.8. We also have daily calculated swap rates to keep your fees to a minimum.

Read about Exness swap fees in here : Swap Rate in Exness . I think it is important to know about swap rate because the swap fees is also very huge fees.

Andika: It may be little bit longer explanation about Algo-Trading : 

Algo-trading, or algorithmic trading, is a trading method that uses advanced computer programs to make trading decisions. It involves using mathematical models and automated trading systems to execute trades based on predefined parameters. This technology has been around for several decades, but it was primarily used by institutional investors and large banks until recently.

• First, the trader creates a set of rules that the computer program will follow to identify trading opportunities. These rules can be based on technical analysis, fundamental analysis, or a combination of both. Once the program identifies a trading opportunity that meets the pre-set criteria, it automatically executes the trade.
• One of the primary advantages of algo-trading is its ability to execute trades quickly and efficiently. Since the trading decisions are made by a computer program. This can help to minimize the impact of human error and improve the overall performance of a trading strategy.
• Another advantage of algo-trading is its ability to backtest trading strategies. This involves running the program on historical market data to see how it would have performed in the past.

Jerome:  In a nutshell, the main difference between the standard and professional account at Exness boils down to the minimum deposit, leverage, and instruments available for trading. So, you don't need to fret anymore about the dissimilarities between the two.

By upgrading to a professional account at Exness, you can unlock access to more advanced trading tools and resources that can help you enhance your trading strategies and make better trading decisions. Additionally, you can enjoy lower transaction costs, priority customer support, and other exclusive benefits.

If you're a seasoned trader with a robust trading strategy, upgrading to a professional account at Exness can be a wise move. However, it's crucial to carefully weigh the trading conditions, costs, and benefits of the professional account before making the switch. Moreover, ensure that you meet the necessary criteria for opening a professional account, such as possessing a certain level of trading experience and meeting specific financial criteria.

Jerome: The primary difference between a standard account and a professional account at Exness is the regulatory protection offered to each account type. Professional accounts are designed for more experienced traders who are classified as professional clients under regulatory frameworks such as the European Securities and Markets Authority's (ESMA) MiFID II regulations. Professional clients are typically seen as having more knowledge, experience, and financial resources than retail clients, and as a result, they are granted higher leverage and fewer regulatory protections. For example, professional accounts may not be covered by investor compensation schemes or negative balance protection. In terms of advantages, professional accounts at Exness offer higher leverage, which allows traders to potentially maximize profits, as well as access to a wider range of assets to trade. Additionally, professional account holders may receive preferential treatment when it comes to customer service and may be able to negotiate better trading conditions than standard account holders. However, it's important to note that trading with higher leverage can also increase risk, and traders should always carefully consider their trading strategy and risk management before using high leverage. Whether or not upgrading to a professional account is worth considering depends on the individual trader's level of experience and trading goals. If a trader has a solid track record of profitable trading and is comfortable with the increased risk associated with higher leverage, upgrading to a professional account may offer advantages in terms of access to additional assets and potentially better trading conditions. However, if a trader is just starting out or is not comfortable with the increased risk, it may be more appropriate to stick with a standard account.

I'm considering upgrading to the Exness Professional Account, but I'm not sure if it's worth it. I've heard that the account comes with lower trading costs and higher leverage, but I'm not sure if those benefits outweigh the potential risks of losing more money due to the increased leverage. Additionally, I'm not sure if I meet the criteria for becoming a professional trader and whether the benefits of the account would be relevant to my trading style. Can you provide more information about the benefits and drawbacks of the Exness Professional Account, as well as the requirements for becoming a professional trader? And based on my trading style and experience, do you think the account would be a good fit for me?

Finlay: Exness is one of the few Market Maker brokers that novice traders can reach. While many other Market Maker brokers fail to provide education and analysis and often force traders to educate themselves through third-party materials, Exness provides a full arsenal of study materials, independent market analysis, and Webinars to provide a comprehensive education to its users. Forex trading. Exness also supports three of the best software options and 24/5 customer service.

Exness offers a comprehensive research section in video and written formats, but we were disappointed to find that it does not offer any trading tools, other than the standard VPS service and Trading Central indicator service. Most other brokers offer a variety of trading tools that can help traders spot opportunities and make analyses.

The educational videos are available in five languages, including English, Arabic, Thai, Indonesian, and Vietnamese. This series of short videos is a powerful explanatory library of important concepts that all Forex traders need to understand.

For traders using algorithms or scalping strategies, Exness is a good choice due to its low trading costs, high leverage, fast connectivity, and large liquidity.

Gara G:

I want to add an explanation so that you are more confident about this broker. It should be noted that Exness customer service is available in English 24 hours a day and during weekends. However, they were unable to help us with some of our questions. Client telephone support is available 24/5 in 15 languages, including Indonesian, and 24/7 in two languages, including English, and Chinese. Most brokers only offer 24/5 customer service, so this is an advantage these brokers offer English-speaking traders.

Other forms of contact include live chat, callback services, telephone, and email. Support is also provided through the Exness help center which is frequently updated with detailed articles covering all common topics, from trading guides to funding FAQs.

Pollin: In addition, Exness regularly wins industry awards, most recently being recognized as Best Global Forex Customer Service 2019, Best Global Forex Trading Experience 2019, and Most Trusted Global Forex Broker 2019 at the Global Forex Awards.

Overall, we consider Exness a safe broker to trade with, albeit with a few caveats. A broker's withdrawal from the EU/UK market after increased regulation is certainly a consideration, however the broker remains well regulated in many areas.

Kirsteen: Of course yes! Pepperstone is a legit broker. This broker is also regulated by FSCA, FSA, CySEC, FCA, CBCS, FSC (BVI), and FSC (Mauritius).

In addition to licenses from international regulators, Exness also takes a number of steps to ensure the safety of client funds, by doing the following:

• Collaborating with big banks such as Barclays Bank, OCBC Bank to Baltikums Bank.
• Separation of customer fund accounts from company operational accounts to avoid mixed funds.
• Ensuring a sound risk management strategy to avoid possible losses that may affect client funds. The funds automatically go into a separate bank account from the broker's bank account to prevent the broker from using their customer's money. And also the bank account is also the bank chosen by the regulator Pepperstone and not Pepperstone has chosen to avoid some other things like money laundering.

Therefore, it is very safe and 100% reliable.

Pollin: Exness is an internationally regulated multi-asset broker operating since 2008 offering global trading in stocks, foreign currencies, metals, commodities, cryptocurrencies and energies. This broker is registered under the name Exness (Cy) Ltd and officially regulated by CySEC. CySEC is the supervisory and regulatory authority for investment services companies in Cyprus. CySEC is also a member of the European Securities and Markets Authority (ESMA).

This international broker is known as a user-friendly platform and has a high level of transparency. Customer service support is available 24/5 and is available in 13 languages, including Indonesian.

This broker has more than 300,000 users and trading volume exceeds $2.4 trillion. With $10 capital, everyone can trade on this platform. This broker also segregates customer funds from corporate accounts and stores them securely in separate trust accounts overseen by CySEC. This is to ensure that client funds are not taken and are not used for the company's operational activities. So, this platform can be said to be a safe broker.

This broker offers support for MT4, MT5 and their proprietary platforms, 24/7 customer service, low-cost entry-level accounts, and offers good trading conditions on the Pro Account. However, Exness offers traders a high degree of leverage which, combined with a low minimum deposit, can increase the risk of account deletion.

Hamilton: I guess account verification is important for all traders who register with every broker, including this Exness broker. Even though at Exness, as far as I know, it's still possible to make a deposit, it's limited to around 2000 USD. So I think you are advised to verify your identity as soon as possible
Because of its nature related to money and not a few numbers are generated, therefore to secure your account, Verification is very, very important to do, so that there is no misuse of the account by other parties. And when there is misuse by other parties, all you have to do is submit proof of your personal data as you uploaded it before.
At Exness if you do not verify more than 30 days after account registration, the deposit, transfer, and trading functions will no longer be available. And maybe you won't be able to do trading at Exness.

Coinneach: Currently, there are two types of swap-free trading accounts on offer, namely those offered to Muslim countries and those offered to non-Muslim countries. Accounts that offer automatic swap-free status are Standard, Standard Cent, Pro, Zero and Raw Spread accounts in the Personal Area registered in Muslim countries.
For Non-Muslim Countries, Account types that offer swap-free status for non-Muslim countries include Pro, Raw Spread, Zero, Standard Cent and Standard accounts. To view your swap-free status, go to your Personal Area, navigate to Settings, and open the Swap-free level tab.
For crypto trading instruments, pro accounts are among the account types that offer this product at Exness.
If you want to practice trading without using real money then a demo account can be the right choice. Demo accounts are available across all other account types offered at Exness. Trading conditions for real and demo accounts are made the same, so you can learn to trade very easily.

@Coinneach: So, you're wondering if the Exness pro account lets you trade with crypto assets, right? Well, good news! The pro account does allow you to trade popular cryptocurrencies like Bitcoin, Ethereum, Ripple, and more. You can dive into the exciting world of crypto trading with this account.

Now, let's talk about the swap-free feature. It's commonly known as an Islamic account, and it's designed to comply with Islamic Sharia law. Basically, it means you won't be earning or paying any interest on your trades. But hey, here's the catch: They really provide swap free account but limited to the Islamic trader! So, it is the best to contact their customer support to provide more accurate information!

@Robert: I just can say It's important to understand that leverage amplifies both profits and losses, so higher leverage can mean higher risk. However, there are steps you can take to manage the risk when trading with high leverage, and it is also applied to all trader :

• Firstly, it's important to have a solid trading plan in place and to stick to it. This can include setting stop-loss orders to limit potential losses, as well as having clear entry and exit points for your trades.
• Additionally, it's important to have a good understanding of the markets you're trading and to use appropriate risk management techniques, such as diversification and position sizing. You may also want to consider using risk management tools provided by the broker, such as negative balance protection.

It's also worth noting that Exness offers negative balance protection, which means that you can't lose more than your account balance. This can help to limit the potential losses when trading with high leverage.

@Lalisa: Hey there! From what I understand, if you want to use the Exness Trader App, you'll need to have an Exness MT5 trading account. So if you already have a MetaTrader 4 account with Exness, you'll need to open a new MT5 account to use the app.

Unfortunately, you can't switch your MetaTrader 4 account directly to MetaTrader 5. But don't worry, opening a new account is easy and straightforward. You can do it directly from the Exness website or from the app itself. (read here about the different between MT4 and MT5 : Exness MT4 or MT5?

As for the KYC process, it depends on your situation. If you've already completed the KYC process for your MetaTrader 4 account, you may not need to do it again for your MT5 account. However, if it's been a while since you completed the KYC process or if there have been significant changes to your personal or financial information, you may need to go through the process again.

I hope that helps!

The preference between free spreads and free commissions often boils down to individual trading strategies and priorities. Traders who focus on spreads are concerned with the difference between buying and selling prices, aiming for the lowest possible cost per trade. On the other hand, those emphasizing commission-free trading are looking to minimize the fees charged per transaction. Professional traders, like anyone else, may have varied preferences. Some professionals might prioritize commission-free trading to keep transaction costs low, while others might focus on low spreads for more cost-effective trading. As the example, you can read this article : How to be a Professional Day Trader

Considering your observation about Exness offering low spreads that are competitive but not the lowest compared to other brokers, it's essential to weigh the overall trading costs. Evaluate your trading style, frequency, and the specific pairs you trade to determine whether the Exness Professional account aligns with your preferences and provides a cost-effective solution for your trading needs. Hope it can clear your question!

The recommended leverage level for someone starting out with Exness depends on various factors, including risk tolerance, trading experience, and financial goals. As a beginner, it's generally advisable to start with lower leverage to minimize potential losses and gain a better understanding of market dynamics. (read : Why Should We Reduce Forex Leverage?)

Considering Exness offers leverage options from 1:500 to 1:2000, a conservative choice might be to begin with a lower ratio, such as 1:500, and gradually adjust based on comfort and experience. Remember, it's crucial to thoroughly understand the implications of leverage and how it amplifies both gains and losses in trading. If uncertain, seeking advice from financial professionals or utilizing demo accounts to practice with virtual funds can be beneficial. additional information, you can read about the leverage that recommended to beginner at here : How Much Leverage from Broker You Should Use?

In my opinion, the allure of those low spreads might seem tempting, but it's essential to consider the broader picture. The higher commission associated with Raw accounts could potentially offset the benefits of the lower spreads. For beginners, who are often more sensitive to transaction costs, this might become a crucial factor in their decision-making process.

It's like a balancing act in the trading world – finding the right combination of factors that align with your trading style and financial goals. While some may argue that the Raw Spread could be less beginner-friendly due to the commission structure, others might see the potential for cost savings in the long run, depending on their trading strategy. But once again, for me, I think Raw Account still not recommended for beginner due to the higher commission!

Hey there! The amplification of both profits and losses with high or unlimited leverage essentially boils down to the increased exposure to market fluctuations. When trades move favorably, leverage can indeed magnify gains, allowing traders to control larger positions with a smaller capital outlay. However, it's crucial to recognize that this borrowed capital also exposes traders to heightened risk. In the event of market movements against their positions, losses can escalate rapidly due to the larger size of the leveraged position. Regarding the legality and ethical considerations, it's a nuanced issue influenced by the regulatory landscape in different jurisdictions. While some regulatory bodies impose limits on leverage to protect retail traders, others may have more relaxed regulations, allowing brokers to offer higher leverage options, including unlimited leverage, as a competitive edge. Ultimately, traders must grasp the risks associated with high leverage and implement effective risk management strategies to safeguard their investments. (you can read about why broker give leverage here : Why Do Brokers Give Leverage?)