The description of Exness account types is a little unclear. The options available will depend on the branch of the broker used, as well as the trading application. Exness Limited’s clients have the most choices. In addition, MT5 accounts are also only available at that branch. Aside from that, if you wish to know more about the Exness minimum deposit, you can visit http:/www.vixbrokers.com/minimumdeposit/exness.html immediately.
Exness offers a Mini account, with a minimum deposit requirement of just $1. The maximum leverage on this account type is 1:2000. Spreads start from 0.3 pips.
The Classic MT5 account offers better spreads (from 0.1 pips), and a minimum deposit of $2,000.
Regarding the MT4 application, there are more account types available.
Cent Accounts and ECN Accounts are only available to traders at Exness Ltd.
Like the Mini Account, the Cent Account has a minimum deposit of just $1, unlimited leverage, and spreads from 0.3 pips. ECN accounts require a minimum deposit of $300. 1:200 is the maximum leverage and 0 pips is where the spreads start. There is a $25 commission that will be charged for every $1 million transactions.
ECN accounts offer ECN execution and no broker acts as a market maker. Mini Accounts are available to Exness Ltd clients. and Exness CY Ltd. This account also requires a minimum deposit of $1, with spreads starting from 0.3 pips.
Classic accounts are available at all broker branches. Therefore, it is the most “reliable” offer from Exness. On MT4, this account type requires a minimum deposit of $500 and offers unlimited leverage. Spreads on this account type start from 0.1 pips. No commission is charged.
Exness offers trading applications MT4, MT5, and several other trading applications. MT4 is the flagship application.
The most popular trading application MetaQuotes has several built-in technical indicators, drawing tools, and a variety of time frames. The app also offers a choice of a web version of Terminal and supports EA. Exness provides a Forex VPS service, so the Expert Advisor can work well.
MT5 is touted as an upgrade to MT4, although that’s generally not true. The MT5, on the other hand, is designed to serve a different purpose than its predecessor, and as such, is not a competitor to its predecessor.