Spreads are a crucial aspect of trading as they represent the cost you have to bear when opening a trade. Exness provides competitive spreads for different account types, making it the first choice for beginners and experienced traders. This guide provides a detailed overview of Exness spreads, including how they operate and how they affect your trading costs.

What is a spread?

Spread is the difference between the buying price (selling price) and the selling price (buying price) of a trading instrument. Essentially, this is the fee you pay to your broker when opening a transaction. The spread can be fixed or floating, depending on the account type and market conditions

What is a spread?
termdefinition
buying rateThe highest price a buyer is willing to pay for an asset
price inquiryThe lowest asset price that the seller is willing to accept
spreadBid ask spread; Represents the agent's fees
fixed spreadMaintain unchanged regardless of market conditions
Variable spreadChanges based on market volatility and liquidity
PipThe smallest price change in a currency pair (e.g. 0.0001 for EUR/USD)

Spread types on Exness account

Exness offers different types of spreads based on account type. The following is a comparison of extensions across multiple account options:

Account TypeSpreadMinimum deposit amountcommissionleverageThe most suitable
standardStarting from 0.3 points (variable)$1not haveUp to 1:2000Beginners, general traders
Standard CentStarting from 0.5 o'clock (variable)$1not haveUp to 1:2000Micro Hand Trading
majorStarting from 0.1 points (variable)$200not haveUp to 1:2000Intermediate traders
Original spreadStarting from 0.0 o'clock (variable)$500$3.5 per piece per sideUp to 1:2000Scalping and high-frequency trading
Zero point differenceFixed at 0.0 points$500$3.5 per piece per sideUp to 1:2000Accurate entry/exit strategy

Explanation:The original spread account and zero spread account are designed for traders who prioritize minimum spreads, making them ideal for scalping trades and strategies that require precise entry and exit points.

Starting to use Exness for trading in Hong Kong
Understand why Exness is the top choice for thousands of traders in Hong Kong and around the world. Join the ranks of brokers known for their secure, transparent, and reliable trading tools.
Join Exness

Examples of extensions for popular musical instruments

To better understand how spreads vary between different tools and account types, let's take a detailed look at some examples:

toolStandard account spreadProfessional account spreadOriginal spread accountZero point difference accountTrading Hours
EUR/USDStarting from 0.5 o'clockStarting from 0.3 o'clock0.0 point0.0 point24/5
GBP/USDStarting from 0.7 o'clockStarting from 0.4 o'clock0.1 point0.0 point24/5
Gold (AU/USD)Starting from 1.5 o'clockStarting from 0.9 o'clock0.3 points0.2 points24/5
NASDAQ IndexStarting from 2.0 o'clockStarting from 1.5 o'clock0.5 points0.5 points15: 30-22:00 (Beijing time)
Bitcoin (BTC/USD)Starting from 30.0 amStarting from 20:0015.0 o'clock12:00 PM24/7
Crude Oil (WTI)Starting from 3.0 o'clockStarting from 2.5 o'clock1.5 points1.0 point01:00 – 24:00 (GMT)

Factors affecting Exness spreads

The spread may fluctuate due to various market factors. The following is an expanded overview of factors that affect spreads:

factordescribeThe impact on price differencesExample
Market volatilityIncreased market volatility (e.g. news releases)Due to rapid price fluctuations, the price difference has widened.US Non farm Employment Data Released
mobilityHigher liquidity leads to smaller price differentialsThe decrease in liquidity has widened the price differenceWeekends or holidays
Trading HoursOff peak hours may lead to larger price differencesExpanding spreads during periods of low trading volumeAsian trading session
Account TypeThe spreads for different accounts vary.The original spread account has a tighter spread.Scalpers prefer original spread accounts.
Trading ToolsForeign exchange pairs typically have smaller spreads than indices or cryptocurrencies.The spread between cryptocurrency and foreign currency pairs is larger.Trading foreign exchange foreign currency pairs like USD/Türkiye lira
Spreads may fluctuate due to various market factors

Comparison of Spreads between Exness and Other Brokers

Let's compare Exness' spreads with those of other popular brokers and see how they each perform:

brokerEuro/USD spreadGold price differenceBitcoin price differencecommissionplatformleverage
ExnessStarting from 0.3 o'clockStarting from 1.5 o'clockStarting from 30.0 am$0.5 per lotMT4, MT5Up to 1:2000
IC MarketsStarting from 0.1 o'clockStarting from 1.8 o'clockStarting from 5:00 PM$3.5 per lotMT4, MT5, cTraderUp to 1:500
PepperstoneStarting from 0.6 o'clockStarting from 2.0 o'clockStarting from 40.0 am$3.5 per lotMT4, MT5, cTraderUp to 1:500
NAMEStarting from 1.0 o'clockStarting from 2.5 o'clockStarting from 50.0 o'clockNo commissionOANDA platformUp to 1:100
FXTMStarting from 0.5 o'clockStarting from 2.0 o'clockStarting from 45.0 am$4 per lotMT4, MT5Up to 1:1000

Explanation:Exness stands out with its competitive spreads, especially for traders who use raw spread accounts and zero spread accounts.

Best practices for reducing transaction costs

Best practices for reducing transaction costs

tipHow does it helpBest usage time
Trading during peak market hoursIncreased liquidity leads to narrowing of interest rate spreadsLondon and New York time slots
Use Original Spread AccountProvide the lowest spread and charge a small commission feeHigh Frequency Trading
Avoid trading during major news periodsReduce the risk of wider spread due to fluctuationsNon farm employment figures in the United States, Federal Open Market Committee meeting
Real time monitoring of spreadsHelp avoid high transaction costs during periods of volatilityUse market observation function on MT4/MT5
Choose the correct account typeChoose an account that matches your trading styleYellow cattle should consider zero price difference

conclusion

Understanding spreads and how they operate is crucial for managing your trading costs. By selecting the correct account type and monitoring spreads, you can optimize your trading strategy on Exness. Use the tools and techniques provided in this guide to reduce your transaction costs and maximize profits.

Exness broker

Frequently Asked Questions (FAQs)

Is the spread of Exness fixed or floating?

Exness provides fixed and floating spreads based on account type.

Which account type has the lowest spread?

Will the spread widen during the news release period?

Can I see real-time spreads on Exness?

Does a zero difference account have commission?