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HERE IS AN IN-DEPTH REVIEW OF THE EXNESS ZERO SPREAD ACCOUNT

Exness Zero Spread Account Review

Exness was founded in 2008, and over the years, it has carved a niche for itself in the competitive forex market. Today, Exness is one of the most recognised global forex brokers in existence. This broker boasts one of the highest trading volumes for any broker. It prides itself on providing a transparent and client-centric trading environment. Additionally, it stands out because it supports a diverse range of traders by providing five different trading accounts. 


Today, we are going to focus on one of the premier accounts offered by Exness. In this Exness zero spread account review, we are going to look at what this account has to offer to traders. We are especially going to look at the various pros and cons.

What is the Exness Zero Spread Account?

As mentioned, Exness offers its traders five different trading accounts. Two of these accounts are standard accounts and the rest are professional accounts. Each of these accounts charges a different spread with or without commission. The zero spread account is one of the three professional accounts offered by Exness. This account offers traders as low as zero spreads on the top 30 instruments. This is accompanied by a commission from as low as $0.2 on each side per lot.


The minimum deposit required to get this account is $200 and it gives traders leverage as high as 1:unlimited. However, please note that this minimum deposit can change from country to country. In some countries, it is for instance $500. The same also goes for the maximum leverage which can change depending on on the country a trader is residing in. In some locations, the leverage only goes up to 1:400. The maximum lot size on this account is a relatively high 200 lots between 7:00 - 20:59 GMT and 60 lots between 21:00 - 6:59 GMT. However, traders can hold an unlimited number of positions on this account. Notably, this account charges a swap fee for any positions held overnight. Luckily, there is a swap-free version of the account for Muslim traders who cannot pay overnight charges due to religious laws.


The markets available to trade on this account include forex, metals, energies, stocks, and indices. This means that traders can diversify their portfolios on the same account. The trading platforms available to use include MT4, MT5, Exness Terminal, and Exness Trade App. Further, the order execution style on this account is market execution. But what are the pros and cons of this account? Let’s have a look.


CLAIM THE BENEFITS OF EXNESS ZERO SPREAD ACCOUNT

Trading Forex and CFDs entail risk.

Your capital is at risk.

The Pros of the Exness Zero Spread Account

Zero Spreads

The most striking feature of the Exness Zero Spread Account is the ability to trade with nearly zero spreads on the top 30 instruments. The spread is the difference between the bidding price and the asking price. Usually, the spread acts as a payment to the broker for facilitating the trade. With the Zero Spread Account, Exness eliminates this cost and instead charges a reasonable commission. The commission starts from as low as $0.2 per side per lot and upwards.


This can be a game-changer, especially for high-frequency traders and those who engage in scalping strategies. When using these strategies, minimizing transaction costs is paramount. Moreover, when paying using commissions, traders can better plan their trades.

Low Trading Costs

While some brokers may offer competitive spreads on certain currency pairs, the Zero Spread Account takes cost reduction to another level. While there are still commissions involved, they are favourably low and most traders can afford them. For high-frequency traders, this is the dream account as there are no hefty charges when trading. The commissions start from a low point of $0.2 per side per lot.

Instant Execution

The Exness Zero Spread account has market execution. This order execution style executes trades at the current market price. This means that trades are executed instantly.

As such, the Exness Zero Spread account offers ultra-fast order executions. The broker promises to execute all trades in under 25 milliseconds. Again, this is ideal for high-frequency traders who depend on the profits gained from tiny price movements.

Access to High Leverage

The maximum leverage accessible on this account is favourably high. Depending on the location, traders can access leverage as high as 1:unlimited. Note that in some countries the leverage can be slightly lower at 1:400.

Either way, it allows traders to control larger positions than they would if they were only using their capital. However, remember that high leverage also amplifies the potential losses a trader can experience.

The Cons of the Exness Zero Spread Account

Commission Structure

While there are nearly no spreads, Exness compensates for this by having a commission structure for Zero Spread Account users. Traders pay a commission per lot traded which is an additional factor to consider.

Note that this commission might be lower than the cumulative spread costs in a traditional account. Either way, traders need to weigh the benefits of nearly zero spreads against the commission they'll be paying on each trade.

Higher first deposit

The Exness Zero Spread account is one of the pro accounts that the broker offers so the minimum is 200 USD and upwards (depending on your country). This is slightly higher in comparison to their standard account where the minimum deposit is very low, only 10 USD. This first minimum deposit can be potentially a barrier for some traders.

CLAIM THE BENEFITS OF EXNESS ZERO SPREAD ACCOUNT

Trading Forex and CFDs entail risk.

Your capital is at risk.

Exness Credibility

Before investing with any broker, it is always wise to consider its credibility. To determine the credibility of a broker, we always consider two things. These include the regulation of the broker and the online customer reviews. Let’s start with the regulations. Well, Exness has regulations in South Africa by the FSCA and in Kenya by the CMA. Additionally, the broker is subject to regulation and supervision by the FCA in the UK and the CySEC in Cyprus. While regulations alone are never enough, they are a good place to start. Traders are always safer when dealing with brokers with regulations in multiple jurisdictions.


Further, Exness enjoys a stellar rating on Trustpilot. This broker has a 4.6-star rating out of 5 stars after 5,545 reviews. This is impressive, to say the least. It shows that the majority of clients on this broker site enjoy the services offered by the broker.

Closing Remarks

The Exness Zero Spread Account presents a compelling proposition for traders seeking to trade with as low as zero spreads. The account can be ideal for all types of traders, especially for high-frequency traders where every small price movement matters. The market execution available on this account executes orders instantly. However, every trader should consider their individual trading strategies, strategies and priorities before making the decision to opt for the Zero Spread Account. Remember that the account charges a commission fee which is something to consider before opening trades. 


Ultimately, the Exness Zero Spread Account can be a powerful tool for certain types of traders, particularly those who prioritize low transaction costs and instant execution. As with any financial decision, it's crucial to conduct thorough research. You need to assess your own risk tolerance, and perhaps start with a demo account to experience the platform firsthand before committing real funds.