Difference Between Standard and Raw Spread Accounts on Exness Explained

What’s the Difference Between a Standard and Raw Spread Account on Exness ?

When it comes to trading in the financial markets, brokers offer different types of accounts to cater to the varying needs of traders. Exness is one such online brokerage firm that provides several account types, among which the Standard and Raw Spread accounts are popular choices. Understanding the differences between these two account types is essential for traders to select the one that suits their trading strategy and goals best.

Introduction to Exness

Exness is a global brokerage firm known for its wide range of trading instruments, reliable customer support, and user-friendly trading platforms. It has gained popularity in the trading community for its transparent business practices and robust trading environment, making it a favorable choice for both novice and experienced traders.

What is a Standard Account?

The Standard account at Exness is designed for retail traders who are looking for a straightforward trading experience without the complexity associated with pro accounts. This account type offers competitive spreads, making it an excellent choice for those who prefer to trade with a fixed spread rather than variable spreads associated with Raw Spread accounts.

Key Features of the Standard Account

• Spreads: The Standard account typically features fixed spreads, which provide predictability for traders. The minimum spread can start from as low as 0.3 pips, depending on market conditions.
• Leverage: Traders can enjoy high leverage options, often up to 1:2000, allowing for greater control over larger position sizes with relatively smaller capital.
• Minimum Deposit: The Standard account has a low minimum deposit requirement, making it accessible for beginner traders looking to enter the market with limited capital.
• Trading Instruments: This account provides access to various financial instruments, including forex pairs, commodities, and cryptocurrencies.
• Order Execution: Standard accounts benefit from instant order execution, ensuring that traders can enter and exit positions swiftly without missing opportunities.

What is a Raw Spread Account?

The Raw Spread account is suited for more experienced traders, particularly those who employ advanced trading strategies, such as scalping or high-frequency trading. This account provides access to raw spreads from interbank liquidity, which can be considerably lower than those offered in Standard accounts.

Key Features of the Raw Spread Account

• Spreads: As the name suggests, Raw Spread accounts come with raw spreads, which can start as low as 0.0 pips. However, a commission fee per trade is applied, consequently affecting the overall cost.
• Leverage: Similar to Standard accounts, Raw Spread accounts also offer high leverage of up to 1:2000, allowing traders to maximize their profit potential.
• Minimum Deposit: The minimum deposit requirement for a Raw Spread account is often higher than that of a Standard account, reflecting its suitability for more serious and experienced traders.
• Trading Instruments: Raw Spread account holders have access to a comprehensive selection of trading instruments, including forex pairs, commodities, indices, and cryptocurrencies.
• Order Execution: Raw Spread accounts also feature rapid order execution, which is crucial for traders using short-term strategies requiring precise entry and exit points.

Comparison of Standard and Raw Spread Accounts

Feature	Standard Account	Raw Spread Account
Spreads	Fixed Spreads (from 0.3 pips)	Raw Spreads (from 0.0 pips) + commission
Leverage	Up to 1:2000	Up to 1:2000
Minimum Deposit	Low minimum deposit	Higher minimum deposit
Suitable for	Beginner traders	Experienced traders, scalpers
Order Execution	Instant Execution	Rapid Execution

Which Account Should You Choose?

The decision between a Standard and Raw Spread account ultimately depends on your trading style, experience level, and preferences. Here are some considerations to help you make an informed choice:

• If you are a beginner trader looking for a simple, cost-effective trading experience with predictable costs, the Standard account may be the right choice.
• If you are an experienced trader utilizing strategies that require tight spreads and are comfortable with paying a commission for lower costs-per-trade, the Raw Spread account might be more suitable.
• Assess your trading volume: high-frequency traders might benefit from the Raw Spread account's lower spreads, while those trading less frequently might find the Standard account sufficient for their needs.

Conclusion

In summary, both Standard and Raw Spread accounts offered by Exness have their unique advantages and cater to different types of traders. Understanding these differences allows you to make an informed decision and choose the account type that aligns with your trading objectives, risk appetite, and experience level. As always, it's recommended to test the accounts through demo trading before committing real funds, ensuring you are comfortable with the account features and trading conditions.