Exness Raw Spread Account Review
Exness is a globally recognized forex and CFD broker that offers a variety of account types to cater to different trader preferences. Among these, the Raw Spread account stands out for its focus on ultra-low spreads. On top of that, it offers traders competitive and fixed commissions ensuring trading fees remain competitively low. In this article about the Exness Raw spread account, we will review this special account and its pricing structure for traders. We will explore the features, benefits, and drawbacks to help you determine if this account type aligns with your trading goals.
What is the Exness Raw Spread Account?
The Exness Raw Spread account is best suited for traders seeking the tightest possible spreads. As the name suggests, the broker passes on the raw market spreads to traders that start from as low as 0.0 pips. On top of this spread, the account charges traders a commission of up to $3.5 per side per lot. This keeps trading fees somewhat predictable to traders, allowing them to plan ahead. However, as part of the Exness Professional accounts, this account requires a minimum deposit of $500.
Notably, this account comes with a maximum leverage of up to 1:unlimited. This allows investors to control relatively large positions in the market. On top of that, the account has a maximum lot size of 200 lots and traders can hold an unlimited number of positions at a time.
On another note, this account offers traders a deep collection of market products that include CFDs on forex, metals, cryptoсurrencies, energies, stocks, and indices. This allows investors to diversify their portfolios as they see fit. The execution model on this account is market execution.
Risk warning: Remember that forex and CFDs available at Exness are leveraged products and can result in the loss of your entire capital. Please ensure you fully understand the risks involved.
Pros and Cons of the Exness Raw Spread Account
Pros
Cons
Trading Platforms Available
The spreads and commissions that a trader enjoys in the market play a pivotal role in shaping their overall experience. However, the trading platform is equally as important as the trading costs. Luckily, Exness understands this and provides its traders with three industry-standard trading platforms which include Exness Trader, the MetaTrader 4, and the MetaTrader 5.
The MetaTrader 4 and 5 platforms are industry standards, known for their user-friendly interfaces and advanced trading tools. Their popularity stems from their robust capabilities and extensive customization options. Exness also provides its proprietary Exness Terminal, a web-based platform offering similar features to MT5. It is accessible directly from a browser without the need for downloads.
Exness’ Credibility
Above everything, it is important to consider the credibility of the broker that you choose to invest with. This will be the biggest indicator of the type of services you can expect from the broker. To examine the credibility of a broker, we usually look at two main things. These include the regulations of the broker and the online reviews from its customers. Fortunately, Exness has regulations from several organisations from a variety of jurisdictions. These include the FSCA in South Africa, the CMA in Kenya, the FCA in the UK, and the CySEC in Cyprus, among others. This multiple regulations structure is a sign of a broker that follows the financial laws of the countries it operates.
Exness also enjoys a strong reputation among online reviewers. It has a 4.6-star rating out of 5 on Trustpilot based on more than 5,600 reviews. This positive feedback highlights the satisfaction of a significant portion of its client base.
Exness Customer Support
Finally, let’s look at the various ways that clients can reach the customer support team at Exness offers multiple channels for clients to reach their support team, including the Help Center, live chat, email, and phone. The Help Center provides detailed information about Exness trading platforms and other relevant topics. Live chat enables clients to directly contact customer support for inquiries not covered in the Help Center.
Additionally, clients can contact Exness via email or phone All support channels operate 24/7, emphasizing Exness' commitment to customer service. Remember, customer support is essential for any company managing people’s funds, not just a convenience.
Closing Remarks
The Exness Raw Spread account is a compelling option for traders seeking the tightest possible spreads. Needless to say, the commission-based structure might require careful consideration before investing. However, the potential for increased profitability and predictability can outweigh the costs for many traders.
Notably, this account type is particularly well-suited for experienced traders, scalpers, and those who engage in high-frequency trading. However, the account's $500* minimum deposit requirement and the inherent risks that come with unlimited leverage may not be suitable for all traders. This is especially true for beginners. As such, all traders should carefully consider their trading goals and risk tolerance before choosing the Raw Spread account.