Exness offers generous leverage to its customers, but beginners are advised to start small. As you gain experience, you can increase the leverage. The maximum leverage depends on the equity balance of your account. If your account is less than $999, you can use a leverage of 1:50. If your account is above $200k, you can access a leverage of 1:100. With these levels of leverage, you can trade all the assets offered by Exness.
The amount of deposit you make when signing up for an Exness account will determine the type of account you’ll open. You can open a Standard Account or a Professional Account. Both have their advantages and disadvantages. Standard accounts are good for new traders. The standard account allows you to trade with micro-lots and has a maximum leverage of 1:2000. You don’t have to pay a commission to open one of these accounts; the brokerage makes its money through the spread. If you’re a more experienced trader, you can sign up for the Professional account.
You can also take advantage of Exness’s Unlimited Leverage option. This service allows you to trade with smaller margins than you would with other brokers, allowing you to open more positions and trade larger lots. With this option, you can employ a variety of trading strategies and get a huge profit from small amounts of money.
In addition to the unlimited leverage, Exness also offers 1:2000 leverage on the MT4 platform. In addition to the unlimited leverage, the broker has set other standards to ensure their service is appropriate for traders of a certain level of experience. As the maximum leverage increases, the amount of margin required is higher as well.
Exness also has a comprehensive customer service department that answers common questions. Customer support is available twenty-four hours a day, in English, Chinese, and 11 other languages. This makes Exness a great choice for traders from around the world. You can reach the customer support team via email or request a callback.
Unlike many forex brokers, Exness does not require a minimum deposit to open an account. In addition, the service offers free deposits and withdrawals, 24-hour customer service, and low commissions. The company’s trading costs are significantly lower than the industry average, but the quality of its educational program is lacking compared to other major brokers.
Leverage is a vital part of forex trading, and Exness offers the highest leverage rates in the market. However, you need to know how to use it. Using leverage properly can make you rich, so always use caution when selecting your leverage level. If you use too much, it can ruin your trading career.
Exness offers a variety of account types. There are professional accounts and individual accounts, and each account type has varying trading costs. A professional account has the lowest costs.