Exness Trading Account

Broker Account
U
Uvuvuwewewe
16 Aug 2018, 08:21 3,604 Views
Admin, I apologize for asking a quick question about Exness, maybe the Admins here are trading at Exness. I want to open an account with an initial capital of 100 USD, but I'm confused about choosing between a Cent or Mini account, could you please give me some input, Admin? Oh, and if possible, please calculate a good Money Management for that amount in both the Cent and Mini accounts, Admin. Thank you, Admin.

6 Answer

R
rachmat 21 Aug 2018, 07:47

To Uvuvuwewewe ,

Cent account value 1 lot = 10,000 contract size
Mini account value 1 lot = 100,000 contract size

If choosing 1:200 leverage (0.5%), $100 capital approximately:
trading in a cent account with a 0.01 lot value, 100 contract size, $0.50 margin, 1 pip value $0.01
trading in a mini account with a 0.01 lot value, 1000 contract size, $5.00 margin, 1 pip value $0.1

You can trade in a cent account with a lot size of 0.01 - 0.10
You can trade in a mini account with a lot size of 0.01

Thank you.

R
rachmat 21 Aug 2018, 07:49
* The calculation can be tested first on a demo account.
U
Uvuwewewe 29 Aug 2018, 14:16
Thank you very much, Mr. Rachmat, for your answer.
Oh yes, Mr. Rachmat, one more question from me: Is Exness a Dealing Desk (DD) broker or a Non-Dealing Desk (NDD) broker? Thank you, Mr. Rachmat.
R
rachmat 30 Aug 2018, 08:11

To Uvuwewewe,

For exness limited it seems like a DD type, while exness UK and CyS are NDD types.

Thank you.


U
Uvuwewewe 30 Aug 2018, 16:24
Oh dear, which category does exness.asia fall into, Sir?
Sorry for asking repeatedly, Sir.
R
rachmat 31 Aug 2018, 07:45

For Uvuwewewe,

You can read a review of DD and NDD broker types at:

Understanding Bandar (Dealing Desk) and Non-Bandar (Non Dealing Desk/NDD) Brokers

With $100, you can trade anywhere, but if you have large funds, you need to be selective. Be wise with the funds you have. Don't try to teach top-tier brokers while you don't have sufficient funds, don't let the stakes be too high for the pole.

Thank you.

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