Exness Account Types offers two types of ZAR Standard Accounts.
The Standard and Standard Cent account is used with MetaTrader 4, and only the Standard account can be used with MetaTrader 5.
Exness also offers three Pro accounts. These latter accounts include the Raw Spread, Zero, and Pro Account.
Exness Account Type A Quick Overview:
Overview
- Exness is well known in South Africa, making sure both new and veteran traders benefit from safe and clear trading conditions.
- Since it is under the FSCA’s oversight, Exness’s FSP number 51024 guarantees that the trading platform meets South African regulations and protects clients in the country.
- Exness is a global multi-asset broker founded in 2008, offering trading in forex, commodities, indices, stocks, and cryptocurrencies.
Exness Account Types and Features
Exness offers five main live trading account types designed to suit different trading styles, experience levels, and strategies. These include Standard accounts for beginners and Professional accounts for advanced traders who require tighter spreads and faster execution. South African traders can open ZAR trading accounts, allowing deposits and withdrawals in local currency without conversion fees.
| Account Type | Minimum Deposit | Spreads | Commission | Leverage | Execution Speed |
| 🟢 Standard | $10 USD / R200 ZAR | From 0.3 pips | No | Up to 1:2000 | Market Execution |
| 🟡 Standard Cent | $10 USD / R200 ZAR | From 0.3 pips | No | Up to 1:Unlimited | Market Execution |
| 🔴 Raw Spread | $500 / R8903 ZAR | From 0.0 pips | Up to $3.50 per lot | Up to 1:2000 | Market Execution |
| 🔵 Zero | $500 / R8903 ZAR | From 0.0 pips | Up to $3.50 per lot | Up to 1:2000 | Market Execution |
| 🟣 Pro | $500 / R8903 ZAR | From 0.1 pips | No | Up to 1:2000 | Instant Execution |
| 📝Sign up | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
Standard Account
- The Standard account remains a preferred choice among traders, regardless of experience.
- Its ease of use and practicality attract beginners and veterans alike, given that no minimum deposit is required to set up the account.
Standard Cent Account
- The Standard Cent Account caters to beginners or individuals who prefer low-risk trading.
- Since transactions are carried out in cents, traders can easily manage their investments with lower transaction rates.
Raw Spread Account
- The Raw Spread account is designed for those who prefer to trade with the narrowest spreads.
- This type of account offers raw spreads and a minimal trading commission, making it perfect for high-volume traders and scalpers seeking to benefit from low-spread pricing in volatile market conditions.
Zero Account
- The Zero account's standout feature is its absence of spread charges on a wide range of significant currency pairs.
- For those using this option, trade commissions apply, but they stand to gain from the lack of spreads in instances where minimal variation counts.
Pro Account
- Tailored to meet the needs of seasoned traders, the Pro account offers a perfect blend of reduced spreads and zero commission.
- The advanced trading features and quick transaction speeds make it appropriate for those looking for an intricate trading experience.
Demo Account
- Exness provides a comprehensive demo account for South African traders.
- This account is intended to serve as a risk-free platform for testing methods and familiarizing oneself with the broker’s features and trading instruments.
Islamic Account
- Exness provides swap-free accounts to traders in Islamic nations that follow Sharia law and even extends this service to some non-Islamic countries.
- These accounts are intended to adhere to Islamic financial principles, especially by eliminating exchange fees.
- Swap-free accounts do not credit or withdraw swaps, which is aligned with the Islamic finance prohibition on riba (interest).
| 💼Account Type | 🔧Features | 📈Spreads | 📊Commission | 🪙Best For |
| 🥇Standard | No commission, flexible leverage | From 0.2 pips | None | Beginners and casual traders |
| 🥈Cent Standard | Micro-lots for low-risk trading, low deposit | From 0.3 pips | None | New traders and micro-account users |
| 🥉Pro | Instant execution, customizable trading | From 0.1 pips | None | Advanced and high-volume traders |
| 🏅Zero | Zero spreads on key instruments, STP execution | 0.0 pips | From $3.50/lot | Scalpers and EA users |
| 🎖Raw Spread | Tightest spreads, commission-based | 0.0 pips | From $3.50/lot | Professionals and strategy testers |
| 📝Sign up | 👉 Open Account | 👉 Open Account | 👉 Open Account | 👉 Open Account |
What types of trading accounts does Exness offer?
Exness offers Standard, Standard Cent, Raw Spread, Zero, and Pro accounts, designed to suit both beginners and professionals. Each account type has different spreads, commission structures, and minimum deposit requirements.
Are there Islamic (Swap-Free) accounts on Exness?
Yes, Exness offers swap-free Islamic accounts for Muslim traders. You get all the features of standard accounts without overnight interest, fully Sharia-compliant and easy to activate during sign-up.
How to Open an Exness Account in South Africa, step by step
[video width="1920" height="1080" mp4="/storage/images/2024/06/How-to-open-Exness.mp4"][/video] To open an account with Exness, South Africans can follow these steps:
Step 1: Navigate to the Exness website first.
Select the "Register" or "Open an Account" button, which is often located on the site.
Step 2: Fill in the Registration
- Input your Country, including your email address, and password.
- Since the information will be required to verify the account, ensure it is accurate.
Step 3: Choose the kind of trading account
- Choose the kind of trading account (Standard, Pro, etc.) you want to open. Select an account type based on the features and advantages that best suit your trading requirements.
- Select the leverage ratio that works best for your trading style. Remember that greater leverage can raise possible gains as well as losses.
- Upload the necessary files so they may be verified. This often consists of a utility bill or bank statement as evidence of residency and a government-issued ID for identification verification.
- Go over the terms and conditions very carefully. Permit them to continue if you agree.
Step 4: Make a Deposit
- You can make a deposit as soon as your account is validated. Select a deposit method based on your convenience.
- They accept several payment options, including some common in South Africa, like Skrill, EFT, OZOW, or Capitec Pay.
- Download the trading platform—MetaTrader 4, MetaTrader 5, or the Exness terminal or app—appropriate for your type of account.
- You can start trading when the platform is set up and your account is funded.
How to Close an Exness Account
To close a live trading account with Exness, South African traders can follow these steps:
- Before canceling your account, make sure you withdraw any remaining balance. To do so, log in to your account, go to the withdrawal section, and follow the directions.
- Close any open trades you may have. Closed accounts cannot have open trade positions.
- Speak with customer service. You can contact them by phone, email, or live chat.
- Next, you must submit your account information for verification. This is a security precaution to make sure the request is authentic.
- The customer service representatives could ask for more details or provide you with explicit instructions. Pay close attention to these instructions.
- Your account will be closed after everything has been finished and approved. Once this process is finished, you should receive a confirmation.
Exness At a Glance
| 🔎Broker |  |
| Company Information | |
| 📅Year Founded | 2008 |
| 🧑🏻💻Amount of staff | Over 2,100 |
| 👩💻Amount of active traders | Over 320,000 |
| 🏦Offices | Offices 307 & 308, Third Floor, North Wing, Granger Bay Court, V&A Waterfront, Cape Town. Waterfront Cape Town, 8001. |
| 🌐Publicly Traded (Listed Company) | No |
| Regulation and Security | |
| 🛡️Regulation | FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA |
| 🌎Country of regulation | Cyprus |
| 💻Account Segregation | Yes |
| 🪫Negative balance protection | Yes |
| 🔋Investor Protection Schemes | Yes |
| Account Types and Features | |
| ➕Accounts | Standard, Raw Spread, Standard Cent, Zero, Pro |
| 💳Institutional Accounts | Yes |
| 👨💼Managed Accounts | Yes |
| 📇Minor account currencies | EUR/USD & USD/JPY |
| 💰Minimum Deposit | $10 / 200 ZAR |
| Trading Conditions | |
| 🕞Average deposit/withdrawal processing time | Instant to 1 business day |
| 💸Withdrawal Speed & Fees | 98% of withdrawals processed instantly, with zero withdrawal or inactivity fees. |
| 🪙Fund Withdrawal Fee | Free, but may vary based on payment method and account type |
| 📊Spreads from | 0.3 pips |
| 💸Commissions | Varies by account type, often commission-free |
| 💱Number of base currencies supported | +40 |
| 🚀Swap Fees | Overnight financing fees apply |
| 📈Leverage | Up to 1:2000 |
| 🔧Execution & Slippage | Very fast execution with minimal slippage (e.g., <1% slippage rate on gold), plus “more speed, less slippage” tech-enabled infrastructure. |
| 📏Margin requirements | 50% |
| ☪️Islamic account (swap-free) | Yes |
| 💻Demo Account | Yes |
| ⌛Order Execution Time | Typically within milliseconds |
| 📆VPS Hosting | Yes |
| Trading Instruments | |
| 🧾CFDs-Total Offered | Over 200 |
| 🗠CFD Stock Indices | Yes |
| ⚖️CFD Commodities | Yes |
| 📜CFD Shares | Yes |
| Deposits and Withdrawals | |
| 💳Deposit Options | Credit/Debit Cards, Bank Transfers, E-Wallets |
| 💵Withdrawal Options | Credit/Debit Cards, Bank Transfers, E-Wallets |
| Trading Platforms and Tools | |
| 💻Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Exness Trade |
| 👩💻OS Compatibility | Windows, macOS, iOS, Android |
| 🖥️Forex trading tools | Yes |
| Customer Support | |
| 🗣️Live chat availability | Yes, 24/7 |
| 📱Customer Support email address | support@exness.com |
| 📞Customer Support Contact Number | +35725030959 |
| 👾Social media Platforms | Facebook, Twitter, Instagram |
| 🗣️Languages supported on Website | 15 Languages |
| Educational Resources and Support | |
| 🖺Forex course | Yes |
| 🧏♀️Webinars | Yes |
| 📚Educational Resources | Yes |
| Partnerships and Programs | |
| 🪪Affiliate program? | Yes |
| 👨🏫Amount of partners | 64 000 |
| 📋IB Program | Yes |
| 🏃♂️➡️Do they sponsor any notable events or teams? | Yes, sponsorship agreement with LALIGA, the top professional football division in Spain |
| 🪙Rebate program | Yes |
| 📝Sign up | 👉Open Account |
Exness Customer Reviews
- Exness, as expected, has attracted very positive customer reviews and ratings, reflecting its goal of making the trading experience as reliable and user-friendly as possible.
- A number of traders tout its speedy and seamless withdrawal, narrow spreads, and 24-hour customer service.
- The easiest use is in the mobile application of the platform, which is tremendously commended for its access and functions.
| Aspect | Feedback | Rating (Out of 5) |
| 💸Withdrawal Process | Fast, transparent, and reliable. | ⭐⭐⭐⭐⭐ |
| 📉Spreads and Costs | Competitive and well-suited for various trading strategies. | ⭐⭐⭐⭐ |
| 📞Customer Support | 24/7 availability and multilingual support praised by users. | ⭐⭐⭐⭐⭐ |
| 👍Ease of Use | User-friendly interface, especially on the mobile app. | ⭐⭐⭐⭐⭐ |
| 👥Account Options | Wide range of account types catering to different trading needs. | ⭐⭐⭐⭐ |
| ⚙️Technical Performance | Occasional issues reported by some users. | ⭐⭐⭐ |
| 🌍Global Accessibility | Multilingual support but limited features in specific regions. | ⭐⭐⭐⭐ |
| 🏆Overall Reputation | Trusted broker with a solid track record among traders. | ⭐⭐⭐⭐ |
Customers Ratings
| 🌐 Platform | 📝 Feedback Summary | ⭐ Rating |
 | Generally positive feedback Users appreciate competitive spreads Favorable high leverage options Wide variety of trading instruments available | ⭐⭐⭐⭐⭐ |
 | Some users praise the broker's customer service and trading features. Others report concerns with fund withdrawals and unexpected account closures. | ⭐⭐⭐☆☆ |
 | Reviewers praise Exness for its fast and reliable trading platform. Competitive spreads, and excellent customer support. | ⭐⭐⭐⭐☆ |
 | Users highlight the platform's user-friendly interface. Efficient customer support. | ⭐⭐⭐⭐⭐ |
 | Some users praised their user-friendly platform, competitive spreads, and reliable customer support. Others expressed dissatisfaction with the broker's withdrawal policies, high fees, and limited educational resources. | ⭐⭐⭐☆☆ |
 | Users praise the broker's reliability, competitive spreads, and prompt customer service. | ⭐⭐⭐⭐⭐ |
🏆10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 | Visit Now |
| 🥈 |  | Read Review | FSCA, FCA, DFSA, FSA, CMA | $0 | Visit Now |
| 🥉 |  | Read Review | CySEC, IFSC, DFSA, FCA | $5 | Visit Now |
| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $0 | Visit Now |
| 5 |  | Read Review | FSA, FSCA | $250 | Visit Now |
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | Visit Now |
| 7 |  | Read Review | FSC, FSCA | $50 | Visit Now |
| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 | Visit Now |
| 9 |  | Read Review | CySEC, MWALI, FSCA | $25 | Visit Now |
| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 | Visit Now |
Pros and Cons
| ✅ Pros | ❌ Cons |
| Highly Regulated | Limited Local Support |
| Competitive Trading Conditions | High Leverage Risks |
| Low Minimum Deposit | Complex Fee Structure |
| Variety of Trading Instruments | Withdrawal Fees |
| Educational Resources | Platform Limitations |
| Local Currency Accounts | Customer Service Variability |
| Demo Accounts | Regional Variations in Service |
| VPS Hosting Available | Potential Over-Reliance on Automation |
Why South African Traders Choose Exness
| 🇿🇦 Feature | 📌 Benefit |
| FSCA Regulation | Legal operation in South Africa |
| ZAR Accounts | No currency conversion fees |
| Local Payment Methods | EFT, Ozow, Capitec Pay |
| Fast Withdrawals | Often processed instantly |
| High Leverage | Flexible trading conditions |
Conclusion
MetaTrader 4 allows you to develop and implement a variety of trading strategies, regardless of their complexity, in addition to submitting most types of trading orders and using two types of order execution: Instant and Market. MetaTrader 5 offers the modern trader an impressive array of features that grant great freedom in navigating the financial markets. The MetaQuotes developers have enhanced the trading platform’s interface, improved its productivity and performance, and expanded its set of features, making it a desirable option for those who want to explore new trading opportunities. Deposit amounts depend on the payment system and account type The Pro Accounts start at a minimum deposit of $500, which is also very affordable when compared to many other Pro Accounts in the industry today.
You might also like:
Exness Demo Account – Step by StepExness Fees and SpreadsExness Islamic Account OverviewExness Minimum DepositExness Sign up Bonus
Frequently Asked Questions
Can traders from South Africa open an Exness account?
Yes, South African traders can easily open a live Exness account. The platform accepts clients from South Africa, offering localized support, ZAR account options, and access to a variety of trading instruments through regulated operations.
Does Exness have a ZAR account?
Yes, Exness offers ZAR-based trading accounts, allowing South African traders to deposit, trade, and withdraw in their local currency. This feature helps minimize currency conversion fees and simplifies account funding and withdrawals for local users.
Does Exness have NAS100?
Yes, Exness provides access to trade the NAS100 index, which represents the top 100 non-financial companies listed on the NASDAQ. Traders can speculate on the price movement of this popular U.S. stock market index through CFDs.
What types of Exness accounts are available for professional traders?
Exness offers professional traders three advanced account types: Raw Spread, Zero, and Pro. These accounts feature tight spreads, fast execution, and flexibility in trading conditions, catering to experienced traders who need superior performance and control.
How much is the minimum deposit for a Pro account with Exness?
The minimum deposit for Exness Pro, Raw Spread, or Zero accounts is $500, which is approximately R8,622 based on the current exchange rate. These accounts are designed for skilled traders seeking better spreads and enhanced trading conditions.
Is Exness legit and safe to use?
Yes, Exness is considered a legitimate and regulated forex and CFD broker. The company operates under several financial regulators, including the FSCA in South Africa. It has been active since 2008 and is known for transparent trading conditions, fast withdrawals, and strong global oversight.
What is the difference between the Exness Standard and Pro accounts?
The Standard account is designed for beginners and offers commission-free trading with spreads starting from around 0.3 pips. The Pro account targets experienced traders and provides tighter spreads, faster execution speeds, and more advanced trading conditions.
Can I open multiple Exness trading accounts?
Yes, traders can open multiple trading accounts within a single Exness personal area. This allows traders to test different account types, strategies, and leverage settings while managing all accounts from one dashboard.
What is the minimum deposit required for Exness accounts?
Exness Standard and Standard Cent accounts require a $10 minimum deposit, allowing traders to start with very small amounts. However, professional accounts such as Raw Spread, Zero, and Pro typically require a minimum deposit of around $500.
Which Exness account is best for scalping?
The Raw Spread account is generally considered the best option for scalping because it offers spreads starting from 0.0 pips with a small commission per trade. This pricing model allows traders to benefit from tighter spreads and faster market execution.
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