Standard Account
The Standard account is Exness’s most popular choice for Nigerians, with a ₦5,000 minimum deposit and user-friendly features. It offers stable spreads and no commission, ideal for new traders.
Trading Conditions & Spreads
Spreads start at 0.3 pips for major pairs like EUR/USD, with no commission charges. The account supports forex, metals, and crypto CFDs. Key conditions:
- Spreads from 0.3 pips.
- No commission fees.
- Fast execution under 100ms.
Use the account for diverse markets. Check spreads in real time. Practice on a demo to understand costs.
Naira (NGN) Minimum Deposit
The Standard account requires just ₦5,000, making it accessible for Nigerians with limited funds. Deposit via Paystack, bank transfers, or cards for instant funding. This low entry point suits beginners testing forex. Verify your account to avoid deposit delays. Use a demo to plan your budget.
Leverage Options
Exness offers leverage up to 1:2000 on Standard accounts, letting Nigerians trade larger positions with small capital. High leverage increases risk, so use it carefully. Start with lower leverage (e.g., 1:100) to practice. Check leverage limits in your Personal Area. Use stop-loss orders to manage risks.
Ideal Trading Styles
The Standard account suits swing trading and position trading due to its stable spreads and low costs. It’s great for beginners learning forex or crypto CFDs. Scalping is possible but less optimal due to spreads. Practice strategies on a demo. Monitor market trends for better results.
Standard Cent Account
The Standard Cent account is designed for micro-trading with a ₦5,000 deposit. It uses cent lots, reducing risk for Nigerians with small capital. Ideal for beginners practicing real trades.
Micro-Trading Structure
Cent lots (1/100th of a standard lot) let you trade small amounts, like $0.01 per pip. This structure minimizes losses while offering real-market experience. It supports forex and metals, perfect for learning. Use a demo to test cent trading. Check lot sizes in the Exness calculator.
Trading with Small Capital
With a ₦5,000 deposit, Nigerians can trade micro-lots to limit risk. The account allows testing strategies without large investments. It’s ideal for beginners or those with tight budgets. Use low lot sizes to start. Practice on a demo before funding. Monitor your balance closely.
Risk Management Benefits
The Standard Cent account reduces risk by using smaller lot sizes. It helps Nigerians learn trading with minimal losses. Benefits include:
- Low financial exposure per trade.
- Real-market practice without high risk.
- Flexible leverage up to 1:2000.
Use stop-loss orders to protect capital. Test risk strategies on a demo. Trade small to build confidence.
Professional Account Options
Exness’s Pro, Raw Spread, and Zero accounts cater to experienced Nigerian traders. They require higher deposits (₦350,000) but offer tighter spreads and faster execution. Choose based on trading volume and style.
Pro Account Features
The Pro account offers spreads from 0.1 pips and no commission, ideal for high-frequency trading. It suits scalpers and day traders. Features include:
- Spreads from 0.1 pips.
- No commission fees.
- High leverage up to 1:2000.
Use for fast-paced strategies. Test on a demo to optimize trades. Monitor spreads for cost efficiency.
Zero Account: No-Commission Trading
The Zero account provides 0.0 pip spreads on major pairs for 95% of the day, with no commission on select instruments. It’s perfect for scalpers. Features include:
- Zero spreads on top pairs.
- Low or no commission on select markets.
- Fast execution for high-volume trades.
Check commission details in your Personal Area. Practice scalping on a demo. Monitor market hours for zero spreads.
Raw Spread Account: Lowest Spreads
The Raw Spread account offers spreads from 0.0 pips with a $3.5/lot commission. It’s designed for high-volume traders. Features include:
- Spreads from 0.0 pips.
- Fixed commission per lot.
- High leverage for large positions.
Ideal for scalping or automated trading. Use a demo to test costs. Check commission rates before trading.
High-Volume Trading Costs
Raw Spread and Zero accounts have low spreads but charge commissions ($3.5–$7/lot). These costs suit Nigerians trading large volumes or scalping frequently. Use the Exness calculator to estimate fees. Compare costs on a demo. Monitor trades to manage expenses.
Islamic (Swap-Free) Accounts
Exness offers swap-free Islamic accounts for Nigerian Muslim traders, available for Standard, Pro, Raw Spread, and Zero accounts. These eliminate overnight fees, complying with Sharia law. Apply in your Personal Area after verification.
Standard vs. Islamic Differences
Islamic accounts mirror Standard accounts but remove swap fees for overnight positions. Spreads and deposits remain the same. Comparison:
| Feature | Standard Account | Islamic Account |
| Swap Fees | Applied | None |
| Minimum Deposit | ₦5,000 | ₦5,000 |
| Spreads | From 0.3 pips | From 0.3 pips |
Apply for swap-free status after account creation. Check eligibility in your Personal Area. Test on a demo to confirm no swaps.
Demo Account
Exness demo accounts offer virtual funds to practice trading without risk. They mirror real accounts, ideal for Nigerians learning forex. Start with a demo to test strategies.
Setup Process
Set up a demo account in your Exness Personal Area in minutes. Choose an account type and virtual balance to practice. Log in to MT4/MT5 with demo credentials. Practice with realistic market conditions. Use the Exness calculator to plan trades. Check settings in your Personal Area.
Practice-to-Real Transition
Switch to a real account after mastering strategies on a demo. Fund with ₦5,000 and start with small trades. Use the same settings as your demo to maintain consistency. Test risk management before going live. Monitor trades closely in real markets.
Account Comparison Table
Exness account types vary by deposit, spreads, and trading style. The table below compares key features.
| Account Type | Minimum Deposit | Spreads | Commission | Best For |
| Standard | ₦5,000 | From 0.3 pips | None | Beginners |
| Standard Cent | ₦5,000 | From 0.3 pips | None | Micro-trading |
| Pro | ₦350,000 | From 0.1 pips | None | Day traders |
| Raw Spread | ₦350,000 | From 0.0 pips | $3.5/lot | High-volume traders |
| Zero | ₦350,000 | 0.0 pips (major pairs) | Variable | Scalpers |
Use the table to pick the right account. Test each type on a demo. Check costs in your Personal Area. Start with low-risk options.
Account Switching Process
Switch between Exness accounts in your Personal Area to match your trading needs. Open a new account type and transfer funds if needed. Steps to switch:
- Log into your Personal Area.
- Select “Open New Account” and choose a type.
- Transfer funds from your existing account.
- Log into MT4/MT5 with new account details.
Switching is instant and free. Test new accounts on a demo. Check leverage and spreads before trading. Contact support for help.
Frequently Asked Questions
What’s the best Exness account for Nigerian beginners?
The Standard or Standard Cent account is ideal for beginners in Nigeria. With a minimum deposit as low as ₦5,000, it offers flexible trading, no commission on trades, and access to all major instruments including forex, metals, and indices.
Can I trade with ₦5,000 on Exness?
Yes, you can start trading on Exness with just ₦5,000 using the Standard or Standard Cent accounts. These accounts are designed for new traders who want to practice and build experience with minimal risk.
Are Exness Islamic accounts swap-free for Nigerians?
Yes, Islamic (swap-free) accounts are available for Nigerian traders who follow Sharia law. These accounts do not charge overnight interest fees, making them suitable for long-term trading without violating Islamic finance rules.
What’s the difference between Pro and Zero accounts?
The Pro account offers instant execution and zero commission, suitable for experienced traders who prefer simplicity. The Zero account, on the other hand, features raw spreads starting from 0.0 pips with a variable commission per trade, offering tighter pricing ideal for scalpers and high-frequency traders.
Can I switch Exness accounts in Nigeria?
Yes, Nigerian users can open multiple accounts under the same profile in the Personal Area. You can switch between account types anytime and transfer funds internally with no extra charges.
Is a demo account available for all Exness account types?
Yes, Exness offers unlimited demo accounts for every account type. Whether you choose Standard, Pro, Raw Spread, or Zero, you can practice trading in real-time market conditions without risking real money.
What leverage does the Standard Cent account offer?
The Standard Cent account provides flexible leverage of up to 1:2000. While this can increase your buying power, beginners are advised to start with lower leverage to better control risk.