Exness Commission and Fees

What You Pay to Trade

When you are trading with Exness, there are different fees incurred depending on the type of account that you have. The fees are expressed as commissions, spreads, and overnight fees. The fees are different depending on the account that you have, the financial instrument that is being traded, and the size of trade. It is important to be aware of the fees in advance so that you can trade successfully and within your capacity.

Account Type Fees

Each account type has different fee structures, and understanding these fees can help you decide which account to choose based on your trading needs.

Standard Account Costs

The Standard Account is well-suited for traders who prefer a no-commission structure with relatively low spreads. It offers a straightforward trading experience with minimal fees. Below is a breakdown of the fees associated with the Standard Account:

The Standard Account is ideal for those looking for a simple trading setup without commission fees, with spreads starting at 0.3 pips.

Cent Account Fees

The Cent Account is designed for beginner traders or those who prefer to trade with smaller deposit amounts. It comes with no commission but slightly higher spreads compared to the Standard Account. Here’s a look at the costs involved:

Cent accounts are perfect for those new to trading or those who want to start with lower capital but still get a feel for real market conditions.

Raw Spread Commissions

For traders who prefer the tightest spreads, the Raw Spread account is a great option. It offers very low spreads but charges a commission per trade. Here’s the breakdown:

The Raw Spread account is ideal for traders who want the lowest possible spreads and are comfortable with paying a commission for it.

Zero Account Fees

The Zero Account provides the lowest possible spreads but charges a commission per trade, making it ideal for active traders. Here’s what you can expect:

Zero accounts are suitable for traders who need the tightest spreads and can manage the associated commission fees.

Pro Account Charges

Pro accounts are designed for experienced traders who need fast execution and better pricing. These accounts offer tighter spreads but come with a commission fee per trade. Here’s a summary of the fees:

Pro accounts are best for traders with higher volumes or those needing faster execution, offering competitive spreads and a commission-based fee structure.

Deposit & Withdrawal Fees in India

Good news for Indian traders – Exness barely charges any fees for deposits and withdrawals. Bank transfers are usually free from the platform’s side, though your bank might add their own charges. E-wallets like Skrill and Neteller don’t have fees for deposits, but might take a small percentage for withdrawals. UPI payments, popular in India, have the lowest fees, making them the best choice for smaller amounts.

Want to save money? Choose local payment methods instead of international ones. And remember – payment systems might charge conversion fees if you’re not working in rupees. Exness sometimes runs promotions with fee waivers for specific payment methods, so it’s worth checking their website before making a transaction. Most Indian traders find that the overall fee structure is competitive compared to other trading platforms, especially for frequent transactions.

Trading Costs Explained

Trading costs at Exness depend on various factors, including the account type, spread, and commission fees. Below is a breakdown of the costs you might encounter when trading:

Spread Calculation Examples

The spread is the difference between the bid and ask prices of a trading instrument. Below is an example to demonstrate how the spread is calculated:

For example, if the spread is 0.3 pips, and you’re trading 1 lot, the cost of entering a trade would be 0.3 pips.

Overnight Swap Charges

Overnight swap charges, or rollover fees, are charged when you have an overnight position. These charges differ on the instrument traded and on the side of the trade (buy or sell). Sometimes, traders will be charged a swap fee or will receive a swap credit, depending on the difference of the interest rates between the two currencies being traded. Swap rates must be reviewed before overnight positions holding so that one is aware of the fee for longer duration trade.

Hidden Fees to Watch For

While Exness offers clear pricing, there are also some hidden fees that traders need to know about, which can be applied under particular circumstances. Some of these may include inactivity fees for accounts, payment method fees for specific methods, or swap rates for overnight position holding. There may also be currency conversion fees for deposits or withdrawals in a different currency. Do read the full terms and conditions, and the precise fees for your chosen account type and method of payment, to avoid unexpected charges.

Fee Reduction Strategies

1. Use local payment methods for faster and cost-effective deposits/withdrawals.
2. Opt for accounts with lower spreads and commissions based on your trading volume.
3. Avoid account inactivity to prevent related fees.

By choosing the right account type and payment method, and keeping activity on your account regular, you can significantly reduce additional fees.

Fee Comparison with Other Brokers

Exness offers competitive prices, especially when compared to other brokers. The platform’s commission and spread is generally lower than most other forex brokers, especially for high volume traders. For example, Exness Raw Spread accounts offer spreads of 0.0 pips, which makes it an ideal option for traders who are interested in getting the best possible price for their trades. But other brokers might offer more accommodating leverage or lower fees for some account types, so traders need to compare Exness fees to other brokers on the basis of overall trading costs, i.e., commission, spread, and overnight fees. Always determine your trading needs to choose the broker with the cheapest solution.

Frequently Asked Questions