As a trader, you would know that forex trading has taken over all other forms of trading over the internet. However, pursuing trading is not that simple! To continue trading, you need to get acquainted with brokerage houses. One of these houses is Exness.
In a short time, Exness has gained immense popularity and has approximately 6000 users all around the globe. Exness provides its users with various advantages, and Exness minimum deposit is one of them.
As Exness consists of various account types, the lowest deposit is different for all these accounts. However, the minimum deposit rate for Exness is $10.
The different accounts on Exness
The four major accounts that Exness offers to its users are:
- Exness’s Standard account
- Exness’s Raw account
- Exness’s Zero account
- Exness’s Pro account
Different types of accounts on Exness have different minimum deposit amounts. The minimum deposit for Exness’s Standard account is 10 dollars. This deposit is considered the lowest minimum deposit. The maximum leverage that users can get with this is 1:2000, and pips spread of 0.03
The other accounts have a minimum deposit of $200. It gives you the pips spread of 0.0 and the leverage it gives you is of 1:2000
Let’s take a look at why this minimum deposit is a good thing for beginners.
It allows users to use the demo account
Are you wondering what a demo account might be? Let us answer your question. A demo account is an account that allows free trades. It fulfills the purpose of a trading account. However, it does not allow users to do live trading.
This account helps people to practice trading without fearing the loss of money. This account is fantastic for beginners or fresh traders. These traders are usually hesitant to put their money in trading as they fear facing a huge loss.
This is incredibly beneficial for beginners as they get to work on their skills before entering the market. Thus, the aspect of risk is eliminated or minimized.
It gives users security
It is a fact that all beginners are afraid of any losses. They are usually scared that their funds might not get to them due to whatever issues.
However, as soon as a trader pays the minimum deposit for Exness, they get immediate security and protection for their funds. This allows them to work without having to worry about their funds, etc.
By giving them this security, beginners get a lot more confident about their trading skills and continue doing it without any additional stress.
It allows them to use different financial instruments
Financial instruments are vital for traders. Beginners, especially, can take advantage of these instruments to get better at their work, etc. As soon as a trader pays the minimum deposit, they get access to over 80 financial instruments.
Some instruments they get access to include commodities, stocks, indices, currencies, ETF, etc.
Beginners usually find this a great advantage as they get to explore the world of trading with the help of these instruments.
Allows you to gain vast amounts off of the minimum deposit
Every trader, including the beginners, wants to earn massive amounts of money. With Exness, you can do so. This can be done with the help of the ‘leverage tool’ that you get access to after paying the minimum deposit.
This tool is highly popular in the world of forex trading. It lets you manage a much larger amount as compared to the amount of forex trading. It works with regard to ratios that include 1:100 and 2:200, to name a few.
While many think this tool might not be so good for beginners. We believe it allows beginners to go big. It might be a risk using this tool, even for professionals. However, isn’t that what trading is about – taking risks?
It gives you access to an effective platform for trading
Exness makes use of the two most famous trading platforms – these include MetaTrader 4 and MetaTrader 5.
Let’sLet’s fill you in about MT4 before we move to MT5. MetaTrader 4 consists of some fascinating features. For instance, security, flexible trading, and analytics, to name a few. It allows traders to use different trading strategies. By using these strategies, you can take advantage of both immediate and market execution.
MetaTrader 5, on the other hand, is an improved and efficient version of MT4. It has a much more efficient interface as compared to MT4. A few of the features that MT5 consists of are Hedging System, MetaQuote Language 5, Fundamental analysis, Charts and timeframes, analytical object tools, indicators, etc.
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Thus, when you deposit the minimum amount, you can take advantage of the platforms mentioned. Traders can use these platforms to gain immense success. However, these platforms can be used by beginners to explore the world of trading.
With all these features, beginners can explore and improve their skills in the field of trading. Hence, they can build a promising career for themselves.