How to get 0 spread in Exness?

Reducing trading costs is essential for maximizing profits, especially for high-frequency and scalping strategies. One way to lower your transaction expenses is by trading with zero spread. In this guide, I’ll walk you through what zero spread trading means, which Exness account offers this feature, and the steps you need to follow to benefit from it.

Understanding Zero Spread Trading

In the forex market, the spread is the difference between the bid (sell) and ask (buy) prices of a currency pair. Zero spread trading means that this difference is eliminated, allowing you to open a position without incurring any spread cost at the moment of execution. However, instead of profiting from the spread, traders are charged a small commission per trade. This model is especially advantageous for scalpers and high-frequency traders who execute many trades throughout the day.

The Exness Zero Account

Exness provides several account options, but if you’re looking to trade with a zero spread, the Zero Account is the one to choose. Here’s why:

• Zero Spreads on Major Pairs: The Zero Account is designed to offer zero spreads on popular currency pairs during normal market conditions.
• Commission-Based: Although you benefit from zero spread, you will incur a fixed commission per lot traded. This structure often results in lower overall costs for active traders.
• Ideal for High-Frequency Trading: The combination of zero spreads and low commissions makes this account perfect for traders who execute a high volume of trades and are sensitive to transaction costs.

Steps to Enable Zero Spread Trading on Exness

1. Open a Zero Account

• Visit the Exness Website: Start by navigating and click on “Open Account.”
• Fill Out the Registration Form: Provide your email, select your country, and set a strong password.
• Select the Zero Account: During the account type selection phase, opt for the Zero Account. This account is specifically designed to offer zero spreads along with a commission fee.

2. Complete the Verification Process

• Submit Your KYC Documents: Upload a government-issued ID (like a passport or driver’s license) and a recent proof of address (such as a utility bill or bank statement).
• Wait for Approval: The verification process typically takes from a few hours to a couple of days. Once verified, your Zero Account will be activated.

3. Fund Your Account

• Choose a Deposit Method: Exness offers several deposit methods such as bank transfers, credit/debit cards, and e-wallets like Skrill or Neteller.
• Deposit Funds: Follow the instructions on the platform to deposit funds. Ensure that you meet any minimum deposit requirements associated with the Zero Account.
• Currency Considerations: Double-check that you are depositing in the correct currency to avoid additional conversion fees.

4. Start Trading

• Access Your Trading Platform: Log in to your account via MetaTrader 4, MetaTrader 5, or Exness’ proprietary platform.
• Monitor Real-Time Spreads: Even though the Zero Account is designed for zero spreads, always verify the spread conditions before executing a trade—especially during high volatility.
• Manage Your Commission Costs: Factor in the fixed commission per lot when planning your trades to ensure that your overall trading strategy remains cost-effective.

Tips for Maximizing Zero Spread Benefits

• High Trading Volume: Zero spread is most beneficial if you execute many trades. Consider using it if you’re a scalper or engage in high-frequency trading.
• Market Timing: Zero spread conditions are usually available during stable market periods. Be cautious during news events or volatile times when spreads might temporarily widen.
• Practice First: If you’re new to the Zero Account, consider testing it on a demo environment (if available) to understand how commission costs impact your strategy without risking real money.
• Stay Informed: Keep an eye on any changes in fee structures or account conditions by regularly reviewing updates on the Exness website or contacting customer support.

Conclusion

Achieving zero spread trading on Exness is possible by opening a Zero Account, which is particularly advantageous for active traders looking to reduce trading costs. By following the steps outlined—opening the account, completing verification, funding your account, and monitoring trading conditions—you can take full advantage of a zero spread environment while managing commission fees effectively.

With careful planning and execution, zero spread trading can enhance your profitability and provide a more efficient trading experience.