How much is the spread and commission in Exness?
When evaluating a broker, understanding the associated trading costs is crucial. This article provides a concise overview of the spreads and commissions charged by Exness, a global broker, to assist traders in making informed decisions.
Spreads at Exness
Spreads represent the difference between the bid and ask prices of an instrument, reflecting the cost of opening and closing a trade. Exness offers various account types with different spread structures:
Table: Exness Spread Types
| Account Type | Spread Type | Description |
|---|---|---|
| Standard | Floating | Average spreads for major pairs around 1.5 pips; may widen during volatility |
| Zero | Fixed 0.0 pips | Zero spreads on select instruments for 95% of the trading day |
| Raw Spread | Variable | Tightest possible spreads directly from interbank market |
While tight spreads are desirable, traders should consider factors like execution speed, slippage, and overall trading conditions.
Commissions at Exness
In addition to spreads, Exness may charge commissions on certain account types or instruments:
- Standard Accounts: Typically no commissions for most instruments.
- Zero Accounts: Commissions may apply, e.g., $3.5 per lot per side for some currency pairs.
- Raw Spread Accounts: Commissions may be charged in addition to variable spreads.
Additional Costs
Traders should be aware of other potential costs:
- Swap rates (overnight financing charges)
- Inactivity fees
These costs may vary depending on the account type and trading activity.