How to Start Exness Trading in 2024: A Step-By-Step Guide for Beginners

How to Sign up for an Account on Exness

How to Sign up for an Exness Account

Sign up for an Exness Account

Step 1: Visit the Exness website

To start the registration process, you will need to visit the Exness website. On the homepage, click on the "Open account" button at the top right corner of the page.

Step 2: Fill in your personal details

After clicking on the Open account button, you will be directed to a registration form where you will need to provide your personal information:
 

1. Select your country of residence.
2. Enter your email address.
3. Create a password for your Exness account following the guidelines shown.
4. Tick the box declaring you are not a citizen or resident of the US.
5. Click Continue once you have provided all the required information. Make sure you enter valid and accurate information, as you will need to verify your identity later.

Step 3: Choose your account type

Choose the type of account you want to open. Exness offers various account types, including demo accounts and real trading accounts with different features and trading conditions. Choose the account type that suits your trading needs and experience level.

A demo account is a practice account that allows you to trade in a simulated environment using virtual funds ($10,000). Exness offers a demo account to its users to help them practice trading and get familiar with the platform’s features without risking real money. They are an excellent tool for beginners and experienced traders alike and can help you improve your trading skills before moving on to trading with real money.

Once you’re ready to start trading with real funds, you can switch to a real account and deposit your money.

Once you have registered, it is advised that you fully verify your Exness account to gain access to every feature available only to fully verified Personal Areas.

Once your account is verified, you can fund it using various payment methods, such as bank transfer, credit card, e-wallet or cryptocurrency.

Open a Trading Account on Exness

When you create a new Personal Area on Exness, a real trading account and a demo trading account (both for MT5) are automatically created, but you also have the option to create additional trading accounts if needed

1. Go to Personal Area to open more trading accounts.

2. From your new Personal Area, click the "Open New Account" button in the ‘My Accounts’ area.

3. Choose from the available trading account types, and whether you prefer a real or demo account.

Exness provides a variety of account types to accommodate different trading styles. These accounts are categorized into two primary types: Standard and Professional. Each account type has different features and specifications, such as minimum deposit, leverage, spreads and commissions.

4. On the next screen, you will be presented with several settings:

• Choose between a Real or Demo account, as well as select between MT4 and MT5 trading platform.
• Set your Maximum Leverage.
• You can choose the currency for your account (note that this cannot be changed once set).
• Create a nickname for this trading account.
• Set a trading account password.
• Once you have reviewed and are satisfied with your settings, you can click the "Create an Account" button.

5. Congratulations, you’ve opened a new trading account. Your new trading account will show up in the ‘My Accounts’ tab.

Exness Account Types

Exness offers a range of account types to suit different trading needs. These account types can be broadly classified into two categories: Standard and Professional. You can compare the account types and choose the one that suits your trading style and preferences.

Standard Accounts

• Standard
• Standard Cent

Professional Accounts

• Pro
• Zero
• Raw Spread

Note: Trading accounts created by clients registered with our Kenyan entity have fewer account currency options, with a maximum available leverage of 1:400, and trading on cryptocurrencies is unavailable.

Standard Accounts

Feature-rich, commission-free accounts are a great fit for all traders, including beginners as it is the simplest and most accessible account offered. Highlights include market execution, stable spreads and no requotes.

Please note: Demo Accounts are not available for the Standard Cent account type.

Includes the Standard Account and Standard Cent Account.

	Standard	Standard Cent
Minimum deposit	Depends on the payment system	Depends on the payment system
Leverage	MT4: 1:Unlimited (subject to conditions) MT5: 1:Unlimited	MT4: 1:Unlimited (subject to conditions)
Commission	None	None
Spread	From 0.3 pips	From 0.3 pips
Maximum number of accounts per PA:	Real MT4 - 100 Real MT5 - 100 Demo MT4 - 100 Demo MT5 - 100	Real MT4 - 10
Minimum and maximum volume per order*	Min: 0.01 lots (1K)  Max: 07:00 – 20:59 (GMT+0) = 200 lots  21:00 – 6:59 (GMT+0) = 20 lots (Limits are subject to instruments traded)	Min: 0.01 cent lots (1K cents)  Max: 200 cent lots 24 hours a day
Maximum volume of concurrent orders	MT4 Demo: 1 000 MT4 Real: 1 000 MT4 combines both pending and market orders open concurrently. MT5 Demo: 1 024 MT5 Real: Unlimited	Pending orders: 50 Market orders: 1 000 This amount combines both pending and market orders open concurrently.
Maximum volume of a position	Day time: 200 lots Night time: 20 lots	Day time: 200 cent lots Night time: 200 cent lots
Margin call	60%	60%
Stop out	0%**	0%
Order execution	Market Execution	Market Execution

*The maximum lot size specified is only to be observed while opening positions. Clients can choose any lot size while closing positions.

**Stop out level for Standard accounts is changed to 100% during the daily break hours of stock trading.

Professional Accounts

Accounts that meet the needs of the most experienced traders as it offers unique features such as instant order executions. Highlights: super low spreads or even spread-free, execution to suit scalpers, day-traders and algotraders.

Note: The minimum initial deposit for Professional accounts is only required for the first deposit; you may deposit any amount more than the minimum requirements of your chosen payment system from then on.

Includes the Pro Account, Zero Account, and Raw Spread Account.

	Pro	Zero	Raw Spread
Minimum initial deposit*	Starts from USD 200 (depends on your country of residence)	Starts from USD 200 (depends on your country of residence)	Starts from USD 200 (depends on your country of residence)
Leverage	MT4: 1:Unlimited MT5: 1:Unlimited (both subject to conditions)	MT4: 1:Unlimited MT5: 1:Unlimited (both subject to conditions)	MT4: 1:Unlimited MT5: 1:Unlimited (both subject to conditions)
Commission	None	From USD 0.2/lot in one direction. Based on the trading instrument	Up to USD 3.5/lot in one direction. Based on the trading instrument
Spread	From 0.1 pips	From 0.0 pips**	From 0.0 pips Floating (low spread)
Maximum number of accounts per PA	Real MT4 - 100 Real MT5 - 100 Demo MT4 - 100 Demo MT5 - 100	Real MT4 - 100 Real MT5 - 100 Demo MT4 - 100 Demo MT5 - 100	Real MT4 - 100 Real MT5 - 100 Demo MT4 - 100 Demo MT5 - 100
Minimum and maximum volume per order	Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Limits are subject to instruments traded)	Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Limits are subject to instruments traded)	Min: 0.01 lots (1K) Max: 07:00 – 20:59 (GMT+0) = 200 lots 21:00 – 6:59 (GMT+0) = 20 lots (Limits are subject to instruments traded)
Maximum volume of concurrent orders	MT4 Demo: 1 000 MT4 Real: 1 000 MT4 combines both pending and market orders open concurrently. MT5 Demo: 1 024 MT5 Real: Unlimited
Maximum volume of a position	MT4 Demo: 1000 MT4 Real: 1000	MT4 Demo: 1000 MT4 Real: 1000	MT4 Demo: 1000 MT4 Real: 1000
Margin call	30%	30%	30%
Stop out	0%***	0%***	0%***
Order execution	Instant****: Forex, Metals, Indices, Energies, Stocks Market: Cryptocurrency	Market Execution	Market Execution

The minimum deposit requirements vary by country of residence and must be met in a single deposit.

For example, if the minimum deposit for a Pro account in your country is USD 200, you need to make a deposit of USD 200 or more in a single transaction to start using the trading account. After this initial deposit, you can deposit any amount without further requirements.

The maximum lot size specified is only applied while opening orders, and any lot size is available while closing orders.

*The minimum initial deposit for Professional accounts is only required for the first deposit; you may deposit any amount more than the minimum requirements of your chosen payment system from then on.

**Zero spread for top 30 instruments 95% of the day but can also be zero spread for other trading instruments 50% of the day depending on market volatility, with floating spread during key periods such as economic news and rollovers.

***Stop out level for Pro, Zero, and Raw Spread accounts is changed to 100% during the daily break hours of stock trading.

****Requotes for these instruments on a Pro account may occur. Requotes occur when there is a price change while a trader is trying to execute an order using instant execution.
 

Why Traders are Choosing Exness

I will explain why you should open an account on Exness and what benefits you can enjoy as a trader.

1. Regulated Broker: Exness is a regulated broker that operates under the supervision of reputable financial authorities, including the Seychelles Financial Services Authority (FSA), the Cyprus Securities and Exchange Commission (CySEC), and the Financial Conduct Authority (FCA), FSCA, CBCS, FSC, CMA. This ensures that the broker operates in a fair and transparent manner, providing a level of protection for traders’ funds. Exness segregates client funds from its own funds and provides negative balance protection to its clients.
2. Range of Account Types: Exness offers a variety of account types to suit different trading styles and needs. Whether you are a beginner or an experienced trader, there is an account type that can cater to your trading preferences.
3. Range of trading instruments: Exness offers a wide range of trading instruments, including forex, metals, cryptocurrencies, indices, stocks, energies and more.
4. Various platforms: You can trade on various platforms, such as MetaTrader 4, MetaTrader 5, WebTerminal and mobile apps.
5. Low Spreads: Exness is known for offering some of the tightest spreads in the industry. This can help traders reduce their trading costs and potentially increase their profitability.
6. High Leverage: Exness provides high leverage on its accounts, which can enable traders to open larger positions with a smaller amount of capital. However, it’s important to note that leverage can also increase the risk of losses and should be used with caution.
7. Trading Tools and Resources: Exness offers a range of advanced trading tools, resources, and features, including analytical tools, economic calendars, educational materials, and more, which can help traders make more informed trading decisions.
8. Multiple Payment Options: Exness offers multiple payment options for deposits and withdrawals, including credit/debit cards, bank transfers, and e-wallets, and local payment systems, making it easy for traders to manage their funds.
9. No commission on deposits and withdrawals: Traders can enjoy the convenience of depositing and withdrawing funds without incurring any additional fees, ultimately optimizing their trading experience.
10. Multilingual Customer Support: Exness offers multilingual customer support, which can be especially helpful for traders who are not fluent in English. You can contact the support team 24/7 via live chat, phone or email in various languages.

How to Verify your Account on Exness

What is Account Verification?

Account verification is the process of confirming your identity and address with Exness by providing some documents. This is required by the regulatory authorities that oversee Exness’s operations, such as the Financial Services Authority (FSA) of Seychelles and the Cyprus Securities and Exchange Commission (CySEC).

Benefits of Verifying Your Exness Account for a Hassle-Free Trading Experience

Verifying your account has several advantages, such as:

• Enhancing your security: By verifying your account, you can protect yourself from identity theft and fraud, as well as comply with the anti-money laundering (AML) and know your customer (KYC) policies of Exness.
• Higher withdrawal limits: Verified accounts have higher withdrawal limits, making it easier to manage larger transactions.
• Accessing more payment methods: Some payment methods, such as bank transfers and e-wallets, are only available for verified accounts.
• Full access to trading features: Verified accounts enjoy complete access to Exness’ trading features, including deposits and withdrawals funds, participate in promotions, and utilize advanced trading tools.
• Faster transactions: Verified accounts can enjoy faster transaction processing times, allowing for quicker deposits and withdrawals.
• Improving your customer service: Verified accounts can enjoy faster and more efficient support from the Exness team.

How to Verify your Exness account: Step-by-Step Guide

When you register your Exness account, you have to complete an Economic Profile and submit Proof of Identity (POI) and Proof of Residence (POR) documents. We need to verify these documents to ensure that all operations on your Exness account are performed by you, the genuine account holder.
 

Verifying your identity and address is a crucial step that Exness takes to maintain the security of your account and financial transactions. This process is just one of the many measures implemented by Exness to ensure the highest levels of security.

Let us take you through the steps:

1. Verify Email and your Phone Number

1. Log in to your Personal Area on the Exness website or app.

2. Click on the yellow "Complete profile" button located at the top right corner of the page.

3. Verify email.

• Click on the "Send me a code" button.
• Enter the verification code that was sent to your email.
• Hit Continue.

4. Verify Phone Number

• Enter your phone number and then click on the "Send me a code" button.
• Enter the verification code that was sent to your phone.
• Hit Continue.

2. Fill in personal information

Fill in your details like name, gender, date of birth, and address. Then, click the "Continue" button.

3. Complete the Economic Profile

After verifying your personal information, the next step in the verification process is to complete your economic profile. This involves answering some fundamental questions about your source of income, industry or profession, and trading experience. Once you have filled in all the necessary details, click "Continue" to proceed with the verification process.

4. Verify your Identity

Identity verification is an essential measure that we take to prevent identity theft and fraudulent activities.

To verify your identity:

1. Select the country of issue of your Proof of Identity (POI) document and then select the document.

2. Make sure the document meets the below requirements:

• It is clear and readable.
• All four corners are visible.
• Any photographs and signatures are clearly visible.
• It is a government-issued document.
• Accepted formats: JPEG, BMP, PNG, or PDF.
• Each document size should not exceed 64 MB.

3. Upload the document and click the yellow "Submit document" button.

After submitting your document, it will be reviewed and your account status will be updated automatically. You will receive an email confirmation once your Proof of Identity document is successfully verified. At this point, you may proceed with verifying your residence or choose to do so at a later time.

5. Verify your Residence

Once your Proof of Identity (POI) is uploaded, you can proceed to upload your Proof of Residence (POR).

For your Proof of Residence (POR), you will need to provide a different document than the one submitted for your Proof of Identity (POI). For instance, if you used your Identification Card for POI, you may use your utility bill (electricity, water, gas, Internet bill) to verify your Proof of Residence (POR).


Your document will be reviewed and your account status will be automatically updated.

How long does it take to Verify an Account on Exness?

You should receive feedback on your submitted Proof of Identity (POI) or Proof of Residence (POR) documents within minutes, but it may take up to 24 hours per submission if the documents require advanced verification (a manual check).
 

Note that you can submit your POI and POR documents at the same time. If you prefer, you can skip uploading your POR and do it later.

 

Account limitations when Exness account is not verified

The verification process requires providing Exness with information about yourself, including:

• Proof of Identity
• Proof of Residence
• An Economic Profile (in the form of a survey)

Limitations are placed on accounts not fully verified depending on the information provided to, and verified by, Exness.

Limitations:

With only a registered email address and/or phone number and personal information form completed:

• Trading accounts have a maximum deposit total of USD 2 000.

With a registered email address and/or phone number, personal information form, Economic Profile and Proof of Identity provided:

• Trading accounts have a maximum deposit total of USD 50 000.

In all cases, you have a 30-day limit within which to fully verify your account, or all deposits, transfers, and trading functions are deactivated until the verification process is completed

A Personal Area only needs to be fully verified once, so it’s highly recommended to do so.

How to Deposit on Exness​​​​​​

Deposit Payment methods on Exness

If you are looking for a reliable and convenient way to fund your trading account, Exness offers a variety of deposit payment methods for you to choose from. Whether you prefer to use a credit card, a bank transfer, an e-wallet, or a cryptocurrency, Exness has you covered. We will explain the different deposit payment methods available on Exness and how to use them.

Bank Cards

Exness supports various credit and debit cards, including Visa, Mastercard, and Japan Credit Bureau (JCB). This is one of the most convenient and fast deposit payment methods on Exness. To use a bank card, you need to provide your card details and the amount you want to deposit on the Exness website. Then, you need to confirm the payment with your card provider. The processing time for a Bank Card deposit is usually instant or within a few minutes, allowing clients to start trading immediately.

Bank Transfer

A bank transfer is a method of sending money from your bank account to an Exness trading account. This is one of the most secure and widely accepted deposit payment methods on Exness. To use a bank transfer, you need to provide your bank details and the amount you want to deposit on the Exness website. Then, you need to follow the instructions given by your bank to complete the transfer. The processing time for a bank transfer may vary depending on your bank and the country you are in. Usually, it takes a few minutes for the funds to appear in your trading account.

Digital wallets (E-wallets)

Exness partners with various electronic payment systems such as Neteller, Skrill, and more, to offer a swift and efficient deposit option for its clients. This is one of the most popular and flexible deposit payment methods on Exness. To use an e-wallet, you need to provide your e-wallet details and the amount you want to deposit on the Exness website. Then, you need to confirm the payment with your e-wallet provider. The processing time for an e-wallet deposit is usually instant or within a few minutes.

Cryptocurrencies

Exness allows deposits to be made using a variety of cryptocurrencies, including Bitcoin, USDT, USDC, and more. Cryptocurrency is an innovative and dynamic deposit payment method offered by Exness. It involves creating and exchanging digital tokens that are secured by cryptography. To use cryptocurrency for deposits on Exness, you will require a cryptocurrency wallet that supports online transactions and has sufficient balance to cover the deposit amount. Once you have provided your cryptocurrency address and the deposit amount on the Exness website, you can initiate the payment by scanning the QR code or copying the address provided. The processing time for cryptocurrency deposits may vary depending on the network speed and confirmation time of the cryptocurrency used. Typically, it takes between 5 minutes to 1 hour for the funds to reflect in your trading account.

How to Deposit Money on Exness: Step-by-Step Guide

Before you can deposit money on Exness, you need to create an account and verify your identity. To create an account, you need to visit the Exness website and click on the "Open account" button. You will be asked to provide some basic information, such as country of residence, email address, and password. You will also need to agree to the terms and conditions.

After you create your account, you will receive a confirmation email with a link to activate your account. You need to click on the link and log in to your account. You will then be directed to the verification page, where you need to upload a copy of your identity document (such as passport or driver’s license) and a proof of address document (such as utility bill or bank statement). The verification process may take up to 24 hours.

Once your account is verified, you can proceed to deposit money on Exness. To do so, you need to follow these steps:

1. Click on the "Deposit" button on the top right corner of the screen.

2. Choose the payment method that you prefer from the list of available options. Some of the most popular payment methods are Visa/Mastercard, Skrill, Neteller, Bitcoin, and local bank transfer.

3. Fill out the deposit form: Once you’ve chosen your deposit method, you’ll need to fill out the deposit form with the required information, such as your name, account number, and the amount you wish to deposit.

4. Confirm your deposit: Once you’ve filled out the deposit form, you’ll be prompted to confirm your deposit. Double-check all of the information you’ve entered to ensure that it is correct, then click the "Confirm" button.

5. Follow the instructions on the screen to complete your payment. Depending on the payment method that you choose, you may need to enter some additional information or confirm your payment via SMS or email.

6. Wait for your payment to be processed and credited to your account. The processing time may vary depending on the payment method that you choose. Some payment methods are instant, while others may take up to several hours.

That’s it! You have successfully deposited money on Exness and you are ready to start trading.

What is the minimum deposit amount on Exness?

The minimum deposit amount on Exness depends on the account type that you choose and the currency that you use. For instance, if you choose a Standard account and use USD as your currency, the minimum deposit amount is $10. However, If you choose a Raw Spread account and use EUR as your currency, the minimum deposit amount is €200. To view the minimum deposit amount for each account type and currency, please refer to this article.

What are the fees for depositing money on Exness?

Exness does not charge any fees for depositing money on its platform. However, some payment methods may charge fees for their services. For example, if you use an e-wallet, you may incur fees from e-wallet provider.

How can I change my currency on Exness?

You can switch to a different currency on Exness by opening a new trading account in that currency. Simply log in to your account and click on the "Open New Account" button located at the top right corner of the screen. From there, you can select the desired currency from the various options available, such as USD, EUR, GBP, AUD, and more.

Benefits of Using Exness

There are several benefits to using Exness as your trading platform, including:

• Security: Exness prioritizes the security of its users by employing advanced encryption technologies to safeguard personal and financial information. Additionally, the platform also ensures that all client funds are kept in segregated accounts, separate from company funds, to further enhance security.
• Flexible Account Types: Exness offers two main account types: Standard and Professional.
  • The Standard account is a feature-rich, commission-free account that suits the needs of most traders. It has low spreads from 0.3 pips, and high leverage up to 1:Unlimited.
  • The Professional account is a flexible account that allows you to choose between raw spread model, zero spread model, and zero commission model. It is designed for experienced traders, scalpers, and algotraders who want to optimize their trading costs and performance.
• Low fees: Exness offers competitive spreads and low trading fees. Moreover, the platform has a reputation for being transparent and fair in its pricing, with no hidden fees or commissions, making it an attractive choice for traders of all levels.
• Wide range of financial instruments: Exness offers a wide range of financial instruments, including more than 200 instruments, which include trading forex currency pairs, metals, cryptocurrencies, stocks, indices and energies.
• Easy-to-use platform: Exness provides a user-friendly platform that is easy to navigate, even for beginners.
• Multiple deposit and withdrawal options: Exness provides traders with numerous options to deposit and withdraw funds, such as bank transfers, credit/debit cards, electronic payment systems, and cryptocurrencies. This makes it easy for traders to deposit and withdraw funds quickly and efficiently.
• Excellent Customer Support: Exness provides 24/7 customer support via live chat, phone, email, and social media. You can reach out to their friendly and professional team anytime you have a question or issue regarding your account or trading platform. You can also find helpful information and resources on their website, such as FAQs, tutorials, webinars, market analysis, and trading education.

How to Trade Forex on Exness

How to Open an Order on Exness

Buy and Sell on the Exness Website

Now that you have funded your account, you are ready to trade. You can access the Exness trading platform on your web browser or download it on your desktop or mobile device. The platform offers a user-friendly interface, advanced charting tools, market analysis, indicators and more. You can also use the Exness Trader app to trade on the go.

In this article, I will guide you through the easiest way to start trading without downloading anything.

1. Click the "Trade" button.

2. Click "Exness Terminal" to Trade right in your browser. 

3. Select a currency pair that you want to trade. For example, XAU/USD.

Or click "+" at the top to add instrument(s)​​​​​​.

4. Enter the amount of money that you want to trade. This is also known as the lot size or volume. The lot size determines how much profit or loss you will make for every pip movement in the exchange rate. A pip is the smallest unit of change in a currency pair. The minimum trading volume on our platform is 0.01 contracts.

To calculate pips for XAU/USD (gold), you need to know that 1 pip gain represents a 0.01 move in XAU/SUD (gold). So, for example, when XAU/SUD price changes from 1954.00 to 1954.01. it is 1 pip movement. However, if the price moves from 1954.00 to 1955.00, it is 100 pips movement.

5. Decide whether you want to buy or sell the currency pair. Buying means that you expect the base currency (XAU) to rise in value against the quote currency (USD), while selling means that you expect the opposite.

After setting up your trade, you can click on the "Sell" or "Buy" button to execute it. You will see a confirmation message on the screen and your trade will appear in the "OPEN" session.

6. Confirm your trade and monitor it until it is closed. You can close your trade manually at any time by clicking on the close button or wait until it hits your stop loss or take profit order.

Your trade will appear in the "CLOSED" section.

Set a stop loss and take profit order. A stop loss order is an instruction to close your trade automatically if the market moves against you by a certain amount. This helps you limit your risk and protect your capital. A take profit order is an instruction to close your trade automatically if the market moves in your favor by a certain amount. This helps you lock in your profit and avoid missing out on potential gains.

That’s it! You have just placed a forex trade on Exness. You can start your own forex trading journey.

Buy and Sell on the Exness App 

1. Open the Exness Trade app on your mobile device and log in using your account credentials.

2. Tap on the Trade tab.

3. Explore the available trading instruments and tap on any instrument to expand its chart and access the trading terminal.

4. Tap Sell or Buy to expand its basic order settings, such as lot size.

You can tap Order settings to bring up more advanced options including. These parameters define your risk management and profit targets:

• The choice of 3 order types; market order, limit order and stop order types. 
• Take profit and stop loss options for each order type.

When any options are entered, real-time data will display below that option.

5. Once you are satisfied with the trade details, tap the appropriate Confirm button to open the order. The Exness app will process the order and execute it at the prevailing market price or the specified price, depending on the order type.

6. A notification confirms that the order has been opened.

How to Close an Order on Exness

Close an Order on the Exness Website

1. Close an order from that trading instrument’s chart by clicking the x icon for the order, or from the portfolio tab with the x icon.

2. To close all active orders for a particular instrument, click on the "Close All Positions" button located at the top-right of the chart (next to the Profit displayed).

3. Close all open positions for every traded instrument by clicking on the "Close All" button at the bottom-right of the portfolio area.

Your trade will appear in the "CLOSED" section.

Close an Order on the Exness App

1. Open the Exness Trade app.

2. From the Accounts tab, locate the order you wish to close under the "OPEN" tab.

3. Tap the order you wish to close, and then tap Close order.

4. A confirmation pop-up will display the order’s information. Review the details once again to ensure accuracy. If you are certain, tap on "Confirm" to close the order.

5. You will receive a confirmation message indicating that the order has been closed successfully. The order will be removed from your list of open positions.

Review Closed Orders: You can access your closed orders under the "CLOSED" tab. This allows you to track your trading activity and analyze your performance.

​​​​How do Traders make Profits on Exness

A trade is said to be in profit when the price is moving in your favor. To understand this, you will need to know what is the favorable price direction for Buy and Sell orders.

• Buy orders make a profit when the price rises. In other words, if the closing Bid price is higher than the opening Ask price when the order is closed, the Buy order is said to have made a profit.
• Sell orders make a profit when the price falls. In other words, if the closing Ask price is lower than the opening Bid price when the order is closed, the Sell order is said to have made a profit.

Tips for Successful Trading on the Exness

These are some of the tips that can help you trade successfully on the Exness app:

Educate Yourself: Continuously improve your trading knowledge by learning about market analysis techniques, trading strategies, and risk management principles. The Exness app offers a variety of educational resources and expert insights to help you improve your trading skills and knowledge, such as webinars, tutorials, and market analysis articles, to help you stay informed.

Develop a Trading Plan: Set clear trading goals and establish a well-defined trading plan. Define your risk tolerance, entry and exit points, and money management rules to guide your trading decisions and minimize emotional trading.

Utilize Demo Accounts: Take advantage of the Exness app’s demo accounts to practice your trading strategies without risking real money. Demo accounts allow you to familiarize yourself with the platform and test different approaches before transitioning to live trading.

Stay Updated with Market News: Keep track of economic news, geopolitical events, and market trends that can influence your trading positions. Exness provides access to real-time market news and analysis, helping you make well-informed trading decisions.

Use technical analysis tools and indicators: The Exness app provides a range of technical analysis tools and indicators to help you identify trends, patterns, support and resistance levels, and potential entry and exit points. You can use different chart types, time frames, drawing tools, and indicators to analyze market movements and signals. You can also customize your charts and indicators according to your preferences and save them as templates for future use.

Set your risk management parameters: The Exness app allows you to set various risk management parameters to protect your capital and limit your losses. You can use stop loss and take profit orders to close your positions automatically at predefined levels. You can also use trailing stop orders to lock in your profits as the market moves in your favor. Additionally, you can use margin alerts and notifications to keep track of your account balance and margin level.

Keep Emotions in Check: Emotional decisions can lead to poor trading outcomes. Emotions such as fear, greed, and excitement can cloud judgment. Maintain a rational mindset and make decisions based on logical analysis rather than impulsive reactions to market fluctuations.

How to Withdraw Money from Exness

Withdrawal Payment Methods on Exness

Exness offers a variety of payment methods for withdrawal, providing traders with flexibility and convenience. The available payment methods may vary depending on the region and account type. Here are some commonly supported withdrawal methods on Exness:

Bank Transfers

Traders can withdraw funds directly to their bank accounts. Bank transfers are reliable and suitable for large amounts, this method typically requires providing the necessary bank details, such as account number and account name. The processing time for bank transfers is usually within minutes or up to 24 hours.

Bank Cards

You can use Visa or Mastercard to withdraw funds from your Exness account. This is a convenient and secure option that allows you to receive your money directly to your bank account. Traders need to provide their card details and may need to complete any required verification processes. On Exness’ side, all withdrawal requests are processed instantly. Your withdrawal request is then sent to our card processors and your bank, and the whole process can take up to 5 business days for the funds to be reflected in your bank account. Usually, It takes in few hours.

Digital wallets (E-wallets)

You can use various e-wallets to withdraw funds from your Exness account, such as Skrill, Neteller, and others. Traders can link their e-wallet accounts to their Exness accounts and transfer funds securely. E-wallets are fast and easy to use, and they usually process withdrawals within a few minutes or up to 24 hours. The minimum amount for e-wallet withdrawals is $2 or equivalent, and the maximum amount depends on your e-wallet’s limits.

Cryptocurrencies

You can use Bitcoin or Tether to withdraw funds from your Exness account. Traders can provide their crypto wallet addresses to receive their funds. Cryptocurrencies are decentralized and anonymous, and they allow you to transfer money across borders without intermediaries. The processing time for cryptocurrency withdrawals is usually within 24 hours, but it may vary depending on the network congestion and confirmation speed. The minimum amount for cryptocurrency withdrawals is $10 or equivalent, and the maximum amount depends on your account balance.

As you can see, there are many options to choose from when it comes to withdrawing funds from your Exness account. You should consider your personal preferences, needs, and circumstances when selecting a payment method.

Traders should also be aware that some payment methods may have associated fees or charges. These fees can vary depending on the method. Exness provides transparent information about withdrawal fees on its website, enabling traders to make informed decisions.

Exness Withdrawing Money Rules

Be aware of these general rules for withdrawing funds:
 

• The amount you can withdraw at any time is equal to your trading account’s free margin shown in your Personal Area.
• When making a withdrawal, it is necessary to use the same payment system, account, and currency that were used for the initial deposit. If multiple payment methods were used for deposits, withdrawals should be proportionally distributed among those payment systems. Exceptions to this rule may be considered with account verification and guidance from our payment specialists. If you encounter any difficulties in withdrawing using the same local payment method used for the deposit, please contact Support for further assistance.
• Prior to withdrawing any profits from your trading account, it is mandatory to request a full refund of the initial deposit amount made through your bank card or Bitcoin.
• Withdrawals must follow the payment system priority; withdraw funds in this order (bank card refund request first, followed by bitcoin refund request, bank card profit withdrawals, then anything else) to optimize transaction times.

To help you understand how these general rules work together, we’ve provided an example as they are very important:

Suppose you have made a total deposit of USD 1,000 into your account, consisting of USD 700 via a bank card and USD 300 through Skrill. Consequently, you’ll only be allowed to withdraw 70% of the total withdrawal amount with your bank card and 30% through Skrill.

Let’s assume that you’ve earned USD 500 and wish to withdraw everything, including profit:

• Your trading account has a free margin of USD 1 500, making up the total of your initial deposit and subsequent profit.
• You will first need to make your refund requests, following the payment system priority; i.e. USD 700 (70%) refunded to your bank card first.
• Only after all refund requests are complete can you withdraw profit made to your bank card following the same proportions; USD 350 profit (70%) to your bank card.

The payment priority system is an essential rule without exception that Exness follows to comply with financial regulations and prevent money laundering and potential fraud.

How to Withdraw Money from Exness: Step-by-Step Guide

Before withdrawing money from Exness, traders must complete all required account verification procedures, such as providing identification documents and proof of address to ensure the security and integrity of the trading platform.

Once the necessary verification has been completed, traders can initiate the withdrawal process.

1. Log in to your Exness personal area and navigate to the "Withdrawal" section. There, you will see a list of available payment methods that you can use to withdraw your money. Some of the common options are bank transfers, credit/debit card, e-wallets, and cryptocurrencies.

2. Next, you need to choose the payment method that suits you best.

3. Enter the amount that you want to withdraw.

4. To confirm the transaction, please enter the 2-step verification code that has been sent to you via email or SMS.


5. You also need to provide some details, such as your bank account number, card number, e-wallet address, or crypto wallet address. Depending on the payment method.

6. Wait for your funds to be processed and deposited into your chosen account.

Finally, you need to wait for the withdrawal request to be processed by Exness and the payment provider. The processing time may vary depending on the payment method and the amount of money. Exness strives to process all withdrawal requests as quickly as possible. Usually, it takes from a few minutes to 1 day for the money to reach your account.

In addition, traders should be aware that some withdrawal methods may incur fees or other charges, which can vary depending on the method selected. Exness provides detailed information on the fees and processing times for each withdrawal method on our website, allowing traders to make informed decisions when choosing a method for withdrawing their funds.

Discover the Top Advantages for Easy Fund Access and Efficient Trading

There are several advantages to using the withdrawal services provided by Exness. These advantages contribute to a seamless and convenient trading experience for traders. Here are some key advantages:

Any time: You can withdraw money at any time, on any day, including weekends and public holidays. This grants you round-the-clock access to your funds, eliminating the need to wait for business hours or bank processing times.

Wide Range of Payment Methods: Exness provides multiple payment options for withdrawals, including bank transfers, credit/debit cards, e-wallets, and cryptocurrencies. This allows traders to select the most convenient and suitable method for their needs.

Fast Processing Times: Exness strives to process withdrawal requests efficiently and promptly, allowing traders to quickly access their funds. Processing times may vary based on the payment method and account verification requirements, but Exness generally aims for timely processing.

Transparency and Clarity: Exness provides transparent information regarding withdrawal fees, processing times, and any limitations associated with each payment method. This transparency allows traders to make informed decisions and plan their withdrawals accordingly.

Security Measures: Exness places a high priority on the security of traders’ funds and implements strong security measures to safeguard transactions and personal information during withdrawals. This helps to maintain the safety and integrity of traders’ funds.

Global Availability: Exness serves traders globally by offering withdrawal services in multiple currencies and supporting various payment methods. This allows traders from different regions to conveniently withdraw their funds using their preferred method and local currency.

Responsive Customer Support: Exness is known for its responsive customer support, which can assist traders with any queries or concerns related to the withdrawal process. Traders can reach out to the support team through various channels, such as live chat, email, or phone, to receive timely assistance.

As you can see, using withdrawal on Exness has many benefits for forex traders who want to access their funds quickly and easily.

How long does Exness Withdrawal take

The withdrawal processing time on Exness depends on the payment method you choose and the status of your account verification. Generally, withdrawals are processed within 24 hours on business days. However, some payment methods may take longer to process due to the bank’s or payment provider’s policies. You can check the status of your withdrawal request in the Withdrawal History section of your Personal Area.

Exness Withdrawal Fees

You can also enjoy low or zero fees and commissions on your withdrawals, as Exness does not apply charges, your credit card provider, bank or payment system may apply a transaction fee or commission that is beyond our control.
 

Initiating Trading Success: Starting Your Journey with Exness

Commencing trading with Exness is a well-guided and straightforward process. The platform’s user-friendly interface, coupled with comprehensive resources and support, provides a solid foundation for individuals stepping into the trading arena. By prioritizing accessibility and education, Exness equips aspiring traders with the tools and knowledge necessary to embark on a successful trading journey. Starting trading on Exness is not just an initiation; it’s an empowered step toward potential financial success in the trading world