Cypto Trading in Exness: All You Need to Know

Valerie K: I am new to forex. Now I have a few questions about some term of brokers use such as spread, commisions, free swap and etc. also I have some question regarding your comment above :

• First, regarding regulations worldwide, does that mean that they are regulated and can be used, or are they open to US customers?
• Second, I said you can't lose more than my deposit to prevent a negative balance. Are there brokers that allow traders to lose more than their initial deposit?
• Third, what is the inactivity fee? thank you!

Joshua: Let me answer dude, about the term of brokers like you have said about spread, commisions, swap-free.

• The spread is the difference of bid and ask price. there are 3 types of spread which are floating/ variable spread, fixed spread, and raw spread. You can learn all the spread in some articles : Fixed Spread VS Floating Spread and Raw spread vs floating spread. You can see the comparation in there.
• Commision is the fees that broker charge if you meet certain size trading.  Generally, higher spread means lower commission and vice versa (read here for more explanation : Commission vs Spread.
• Free-swap is known by Islamic Account, it is the account that have benefit for trader to avoid swap rate fee if his trading position stay overnight. Some brokers only provide this account for Muslim trader only.

You can learn all the other basic term about Forex at here :

• Basic Knowledge of Forex Part 1
• Basic Knowledge of Forex 2

About the question that you have asked :

• Regulation mean regulated in the country that gives the regulation, other than that the brokers can be said unregulated. Is Exness accept US clients? Sadly they don't accept US Clients along with some countries too.
• Yeah, negative balance protection is not available at some brokers but most brokers do have this feature.
• inactivity fees or I can say it the maintenance fees is the fees that broker charged to you when you are not active for some times in order to protect your account  being d during server maintenance. If you don't have some funds, your account will d

Hope this answer can help you! Have a good day!

Mark: You are correct about leverage. Exness offers higher leverage than other brokers, which is very beneficial for crypto traders.We talked about trading conditions at Exness, right? First of all, Exness is an STP and ECN broker, which of course allows fast execution without requotes, no and no lagging! Also, as an ECN broker, you can see the market depth first hand in the real live market. Next, let's talk about the Metatrader platform that can use MT4 and MT5. MT5 is basically designed for trading cryptocurrencies, so of course you will be using Metatrader 5 as your trading platform!

Mark : Yes, you can trade cryptocurrencies using Metatrader 4, but it is very limited. Everything you need to know about MetaTraders, it was designed to trade Forex, CFD's and commodities like gold, silver and oil. Therefore, in my opinion, Metatrader 4 cannot provide the best trading experience for cryptocurrency trading.

Metatrader 5, on the other hand, is designed to trade all possible trading instruments, including crypto, and offers more timeframes than Metatrader 4, making it the preferred trading app for crypto trading. So, as mentioned in the article, if you want more flexibility, choose Metatrader 5 for the best experience.

Sara: Trading conditions are usually set by the broker and there are internal factors that we as traders and clients are not aware of. So in case the trading volume per order is 20 lots in Exness based on Exness policy. I mean, your question is like "why restaurant A has a larger portion while restaurant B has a smaller portion". This is the broker's policy and I don't know how many trades you open.

As I know, 20 lots per order is a lot of trades. Most traders will open 0.01 lots even when scaling, to avoid big losses and minimize risk or if they want a much bigger profit they only trade 0.1 lots.

In other words, you can trade 200 trades with 0.01 lots in one go. Or 20 trades with 0.1 lots.

Can you use the EA on Exness? Of course you can, but what about cryptocurrencies? Of course you can but of course with different EA because Forex and Crypto are two different assets with different analysis too 

Henderson: There is a difference between Forex Trading and Cryptocurrency Trading. Forex is limited for 5 days as all central banks and forex markets in Asia, Australia, Europe, UK and USA are not active on Saturday and Sunday. Because of this, market activities have stopped. And why can Forex actually work 24/7? It's also about the market in it. Therefore, the forex market opens sequentially and not simultaneously. It makes a few hours of the day the forex market can open and close, which makes it likely to work around the clock.

Meanwhile, the cryptocurrency markets are more liberal as there is no regulatory body regulating them, no high and low limits and no trading hours. So you could say, as long as there is activity in the market, crypto can be open 24/7! And the making of that cryptocurrency can be traded every day and all the time 

@Dundal Areem:

No, it is not possible to stake cryptocurrencies bought through Exness CFDs for long-term profits as CFDs are a type of derivative product. CFDs (Contracts for Difference) allow traders to speculate on the price movements of the underlying asset without owning the asset itself.

When trading CFDs, you are essentially making a bet on the price movement of the cryptocurrency, and you do not own the underlying asset. Therefore, you cannot stake the cryptocurrency for long-term profits or earn rewards by holding it.

If you want to stake cryptocurrency for long-term profits, you will need to buy the actual cryptocurrency and hold it in a wallet that supports staking. Staking is a process where cryptocurrency holders lock their coins or tokens to support the network's operations and earn rewards in return.

If you want to buy and own (and therefore stake) actual coins, here are some of the popular markets that you should consider:

• Coinbase: Coinbase is a well-known and popular cryptocurrency exchange that offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others. It is easy to use, provides a high level of security, and supports multiple payment methods.
• Binance: Binance is another popular cryptocurrency exchange that offers a wide range of cryptocurrencies, including major coins like Bitcoin, Ethereum, and Litecoin. Binance has a user-friendly interface, low trading fees, and offers a range of trading tools.
• Kraken: Kraken is a well-established cryptocurrency exchange that offers a range of major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It is known for its high security, low trading fees, and wide range of payment options.
• Bitstamp: Bitstamp is a regulated cryptocurrency exchange that offers a range of major cryptocurrencies, including Bitcoin, Ethereum, and Litecoin. It has a user-friendly interface, high liquidity, and offers low trading fees.

@Nibir Tangail:Yes, you can use leverage when trading cryptocurrencies on Exness. The maximum leverage amount for each cryptocurrency can vary depending on factors such as market conditions and regulatory requirements. However, Exness offers competitive leverage amounts for its cryptocurrency trading instruments.

For example, the maximum leverage for Bitcoin (BTC/USD) on Exness is currently 1:200, while the maximum leverage for Ethereum (ETH/USD) is 1:100. Other cryptocurrencies, such as Litecoin (LTC/USD) and Ripple (XRP/USD), also have varying maximum leverage amounts on Exness.

It's important to note that while leverage can increase your potential returns in cryptocurrency trading, it also comes with increased risk. This means that if the market moves against your position, you could face significant losses. Therefore, it's important to have a solid risk management strategy in place, such as using stop-loss orders or limiting your leverage amount based on your risk tolerance.

Additionally, it's important to educate yourself about the risks and volatility of the cryptocurrency market before trading with leverage. While the potential returns can be high, so can the potential losses, and it's important to understand the risks before jumping in.

@Margelius:  First, it's important to understand that cryptocurrency trading can be volatile and risky, and it's essential to have a solid understanding of the market and its associated risks before trading. It's also important to have a trading strategy that takes into account risk management principles.

When it comes to choosing a specific cryptocurrency to trade, there are a few factors to consider. Some traders may choose to focus on the most popular cryptocurrencies like Bitcoin or Ethereum, while others may look for lesser-known cryptocurrencies with higher growth potential. Some traders may also consider the liquidity of a particular cryptocurrency, as more liquid assets tend to have tighter bid-ask spreads and lower trading fees.

@Maguire:  I'd be happy to help you understand Exness's fixed margin requirement service and how it works for cryptocurrencies.

A fixed margin requirement means that the amount of margin required to open a position is predetermined and remains the same regardless of the leverage used. This is in contrast to variable margin requirements, where the required margin changes based on the leverage ed.

With Exness's fixed margin requirement service for cryptocurrencies, the margin required to open an order remains unchanged, regardless of the leverage set. This means that traders can use higher leverage without having to deposit additional margin.

Traded margin is the amount of margin that is actually used to maintain an open position. This can vary based on the size of the position and the price movements of the cryptocurrency being traded. Exness also has higher margin rules in place to prevent traders from over-leveraging and potentially losing more than their initial investment.

As for the lower margin requirements for Bitcoin and Ethereum, this is likely due to the higher volatility and liquidity of these cryptocurrencies compared to others. Lower margin requirements allow traders to take advantage of these characteristics while still managing their risk.

@Shota: Hey there! 

Exness is a broker that offers 24/7 cryptocurrency trading to its clients. To ensure this, the broker has a team of professionals who are responsible for maintaining the trading platform and addressing any technical issues that may arise. The broker uses a combination of technology and human resources to ensure that the trading platform is always available for its clients.

One of the ways Exness ensures 24/7 availability is by using a distributed server infrastructure. This means that the trading platform is hosted on multiple servers located in different parts of the world. In the event that one server goes down, the other servers can continue to provide trading services to clients without interruption. Additionally, the broker uses advanced monitoring tools to track the performance of the trading platform and identify any potential issues before they become a problem.

In terms of communication channels, Exness uses a variety of methods to notify clients of any issues that may affect trading continuity. The broker has a dedicated support team that is available 24/7 to answer questions and provide assistance to clients. The support team can be reached via phone, email, or live chat. Additionally, the broker sends regular email updates to clients to keep them informed of any changes or updates to the trading platform.

In the event of server maintenance or other planned disruptions, Exness typically sends notifications to clients via email or through the trading platform itself. The broker may also post updates on its social media channels or on its website to keep clients informed.

Regarding your question about the broker having a rest day, it's true that cryptocurrency trading operates 24/7, and as a result, the broker must also provide continuous service. However, Exness has a team of professionals who work in shifts to ensure that the trading platform is always available for its clients. This allows the broker to provide continuous service while still giving its employees time off to rest and recharge.

Let me answer your question in simple way! So, the high spreads in cryptocurrency trading, often starting from 440 pips as seen in the article, are mainly because cryptocurrency markets are more volatile and less stable compared to traditional forex and gold markets. This means that prices can change rapidly, making it riskier for brokers. Also, cryptocurrency markets are open 24/7, which can lead to more fluctuations in prices and spreads. Additionally, since the cryptocurrency market is relatively new and not as regulated as other markets, there are fewer participants and less oversight, which can also contribute to wider spreads. In contrast, forex and gold markets have tighter spreads because they are more stable and have more participants, making them less risky for brokers.