Yes, you can absolutely begin trading on Exness with a deposit of just $10, specifically when you opt for a standard account type. This makes Exness accessible for traders looking to start with a relatively small capital investment.
Exness Minimum Deposit Requirements
Exness offers various account types, each tailored to different trading needs and capital sizes. The minimum deposit requirement varies depending on the account type you choose.
Standard Account Types
For traders opening a standard account, the minimum deposit required is $10 (or ₦10,800 in Naira). This accessibility is a key feature, allowing new traders or those with limited capital to enter the market. Standard accounts often include features like:
- Low minimum deposit
- Competitive spreads
- Access to a wide range of trading instruments
- Suitability for both beginners and experienced traders
Professional Account Types
It's important to note that the minimum deposit requirement increases if you choose to trade with any of the professional account types. Professional accounts typically offer different trading conditions, such as tighter spreads, lower commissions, or access to specific liquidity pools, which may require a higher initial investment. The exact minimum for professional accounts will be higher than the $10 required for standard accounts.
Here’s a quick overview:
| Account Type | Minimum Deposit | Applicable To |
|---|---|---|
| Standard | $10 (₦10,800) | New traders, small capital, general trading |
| Professional | Higher than $10 | Experienced traders, specific strategies, larger capital |
Practical Considerations for Trading with $10
While starting with $10 is feasible, here are some practical insights for managing your trading:
- Risk Management: With a smaller capital, practicing strict risk management is crucial. Each trade should risk only a tiny percentage of your total capital.
- Leverage: Exness offers high leverage, which can amplify both profits and losses. Use it cautiously, especially with a small account, to avoid rapid capital depletion.
- Lot Sizes: Focus on trading micro-lots or even nano-lots (if available) to keep your position sizes appropriate for your $10 capital. This helps manage risk effectively.
- Account Type Selection: Ensure you select a standard account type during registration to qualify for the $10 minimum deposit.
Starting with $10 on a standard Exness account provides an excellent opportunity to familiarize yourself with the platform, test strategies, and gain practical trading experience without a significant initial financial commitment.
