Exness is a reputable forex trading platform. Providing traders with many types of accounts to meet different trading purposes. If you are a trader with a passion for Forex and want to learn about Exness. Then the Exness standard account is indeed a reasonable starting point for you. Let’s learn about the advantages and disadvantages of Standard Exness with EX Trading in the article below.

What is the Exness trading platform?

Before digging deeper into Exness standard account. Please take a moment to join us in learning about the Exness forex trading platform through the short information below.

Exness foreign exchange was born in 2008. The platform received operating licenses from many world financial organizations such as: CBCS, FSA, FSCA, FCA, FSC, CySEC… After 15 years of operation, Exness has proven its reputation in the marketplace. At the same time, it receives the trust and use of many traders from all over the world.

Established and developed by Exness Group. Exness is headquartered in the world’s largest financial center – the Czech Republic. Besides, Exness also owns many large and small distribution offices in many other countries. These include South Africa, Malaysia, the United Kingdom, Singapore, the Seychelles, the British Virgin Islands, and Curacao.

Should you invest in Exness?

To prove itself, Exness has continuously strived to improve and reap many achievements that have been recognized by many people through a series of prestigious awards, such a Best Mini Broker. ), Best Order Management, Best Trade Execution… 

With many advantages leading the Forex market, outstanding in: Level of competition, fast trading methods, professional staff, diverse languages, independent audit… suitable for all investors. different opinions. Through the series of reasons above, it is truly no exaggeration to call Exness one of the most reputable and quality Forex exchanges today that you definitely cannot ignore if you intend to invest in foreign exchange.

What is the Exness standard account?

On Exness, Standard Exness is the most commonly used standard account type with an extremely diverse trader file. Especially suitable for traders new to the foreign exchange exchange. This is the only account type that Exness uses that measures trading volume in lots of cents. The reason it was chosen is because it has many outstanding advantages that bring many benefits to traders such as: Low minimum deposit of only $1; Spreads from only 0.3 pips; No commission fees… 

Furthermore, this type of account also allows you to trade with many financial instruments that brokers provide, such as: Joint Stock Companies, Cryptocurrencies, Valuable Metals (Platinum, gold, silver…), currency pairs, and gasoline. With many different deposit and withdrawal methods, it creates favorable conditions for all types of users. That will create an advantage that makes it easier for traders to trade and profit.

See more: Exness app: Smart integrated application from Exness

Features of the Exness Standard account

To help readers better understand the Exness standard account. We have updated the full feature information in the most detailed way in the summary table below. From there, readers can refer to and evaluate the goodness of the Exness Standard account type.

Some advantages and disadvantages of the Exness standard account

Below is a snippet of information about some of the pros and cons of the Standard account. We have compiled all of this through experiences and reviews from users.

Advantage:

It is not natural that Exness Standard accounts are so loved and trusted. That’s because it possesses many advantages. Helps create advantages for traders who are more sought after by investors, such as:

• The minimum trade amount is extremely small, with only 1 USD corresponding to a minimum lot size of 0.01. (Very few Forex exchanges provide traders with such low trading rates. It can be said that special trading levels are only available at Exness foreign exchange trading exchange).
• Especially when using Exness standard account,  there is no limit on the number of trading orders (Can support opening 200 orders at the same time).
• Exness does not require commissions with spreads starting from only 0.3 pips. Furthermore, orders always match orders appearing on the market.
• The website system is intuitive, simple and easy to use and operate. Even people without much experience can trade quickly.
• At Exness, there are many modern withdrawal and deposit methods such as: Credit cards, bank transfers, e-wallets… For users to choose according to their needs.
• Our staff provides dedicated consulting support 24/7. With an extremely professional style, we give you the most satisfying experience. 
• Exness creates high credibility with investors. They publicly disclose their financial reports on their main website. Helps users easily review and evaluate the profit situation.

See more: Open Exness Account: Latest guide for new traders

Defect:

However, Exness standard account  also has a few minor disadvantages that traders at Exness should still consider, although they do not affect the experience much and are currently being improved by Exness, such as:

• To improve customer security in transactions and financial matters, the Exness Standard account registration process includes many steps. That makes it difficult for some new traders to join.
• Spreads are competitive (From 0.3 pips). But Express exchange may increase when encountering some important cases. However, this is something that almost every forex trading platform does.
• Sometimes a trader’s account will be locked. Due to suspicion of illegal activities such as: Money laundering… After being verified and resolved, Exness immediately returns your account.

General review of the Standard Exness account

In general, the Standard account is considered quite reputable. And the quality is for most trader files. However, it is considered the most suitable account type for new investors. Have little experience in the Forex market. Surely the Exness Standard account will give you a higher chance of successful trading. With a rate of more than 70% of people choosing to use Standard Exness, including App Exness. You can completely trust this form of investment.

Hopefully, the information we have shared in the above article will help readers determine. And better understand the purpose and advantages of the Exness standard account type. Besides, if you want to learn more about Exness as well as the meaning of the Exness logo, remember to follow our next sharing article.

FAQ

What is the Exness Standard account?

It’s a popular account type offered by Exness, suitable for both beginners and experienced traders, with a low minimum deposit and floating spreads.

What is the minimum deposit for the Exness Standard account?

The minimum deposit is usually very low, potentially starting from just a few US dollars, depending on the payment method.

Does the Exness Standard account have any commission fees?

No, the Standard account typically does not charge commission fees; the main trading cost comes from the spread.