Join Exness today and get upto 100% welcome bonus
If you are new to the world of forex trading, Exness is an excellent choice to start. Exness is a reputable forex broker that has been operating since 2008, and has established itself as one of the leading forex brokers in the industry. With Exness, you can trade forex, metals, cryptocurrencies, and other assets with tight spreads, low commissions, and fast execution speeds.
In this article, we will guide you on how to get started with Exness, from creating an account to placing your first trade.
Step 1: Create an Exness account
To start trading with Exness, you need to create an account. Go to the Exness website and click on the ‘Open an Account’ button on the top right corner of the homepage. You will be directed to the account registration page where you will need to provide your personal information such as your name, email address, and country of residence. You will also need to create a password and choose the account type you want to open.
Exness offers three account types: Standard, Pro, and Raw Spread. The Standard account has no commission but has wider spreads, while the Pro and Raw Spread accounts have lower spreads but charge a commission. Choose the account type that best suits your trading needs.
Step 2: Verify your account
After creating your account, you need to verify your account by submitting the required documents. Exness requires you to provide a copy of your ID card or passport and a proof of address such as a utility bill or bank statement. The verification process usually takes less than 24 hours, and you will receive an email notification once your account is verified.
Step 3: Fund your account
To start trading, you need to fund your account. Exness offers various deposit methods, including bank transfer, credit/debit cards, and e-wallets such as Neteller and Skrill. Choose the deposit method that is most convenient for you and follow the instructions to make a deposit.
Exness does not charge any deposit fees, but your bank or payment provider may charge a transaction fee. The minimum deposit amount depends on the account type you choose, with the Standard account requiring a minimum deposit of $1, the Pro account requiring a minimum deposit of $200, and the Raw Spread account requiring a minimum deposit of $500.
Step 4: Download and install the trading platform
Exness offers various trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Exness Trader app. MT4 and MT5 are popular trading platforms used by millions of traders worldwide, while the Exness Trader app is a mobile trading platform that allows you to trade on the go.
To download the trading platform, go to the Exness website and click on the ‘Platforms’ tab on the top menu. Choose the trading platform you want to use and click on the ‘Download’ button. Follow the instructions to install the trading platform on your computer or mobile device.
Step 5: Analyze the market and place your first trade
After installing the trading platform, you need to analyze the market to identify trading opportunities. Exness provides a range of trading tools and resources, including economic calendars, trading signals, and technical analysis tools, to help you make informed trading decisions.
To place a trade, choose the asset you want to trade from the list of available instruments on the trading platform. Click on the ‘New Order’ button, enter the trade size, and choose the type of order you want to place, such as a market order or a pending order.
Exness allows you to use leverage to amplify your trading profits, but it also increases your trading risks. Make sure you understand how leverage works and use it responsibly.