How To Register And Open An Exness Forex Account? ✓ - Starting Your Online Trading With Crypto

How to register and open an Exness forex account?

With an Exness forex account, you have complete control over your money as well as 24-hours access to it. Creating and registering your new cryptocurrency account with Exness is a conveniently easy process to follow with an available anytime step-to-step guide. You can register an Exness personal area trading account any day of the week and over weekends, all you need is to make a start.

With a few easy-to-follow steps you can get to trading in no time. These steps are as follows:

• Visit the Exness homepage or link to create a new account. By using this method you can easily download the trading app/file
• Under the tab select “New Account,” fill in your residential country, and email address, and set your password
• You’ve now registered your personal area details. It’s also advised that you verify your account after registering a personal area

The next step is to tell you how to register and create an account with Exness and start trading on your own time from anywhere. You can use your android devices by downloading and trading directly from your mobile. Opening your new account and sign up is just as easy if you follow the step-by-step guide.

You get two accounts by default, a trading account and then, of course, a demo account. With the demo account, the platform allows you to “practice” trading, and teach you how to do what’s needed to start real-time forex trading. Both of these accounts are opened in your personal area.

• When in your personal area, choose the option to “open a new account,” this option will be found under the “My Accounts” area
• This is the part where you choose whether you want a real or demo account, you can choose from the available account options
• When you reach the next screen, it should provide you with a list of options and the option to choose a real or demo account again (This option is emphasized, so the user is absolutely sure of the account they choose)

Among the given options are the following:

• Real or demo account
• Choosing between MT4 and MT5 terminals to trade on
• Setting your leverage to a maximum amount
• The option to choose your currency, which will stay like this for the remainder of the account (It cannot be changed)
• You can choose to create a nickname/alternative name for your trading account
• Setting your account password
• After you’re happy with your choices, choose the option to “create account”

Under the “my accounts” tab, your new account should be visible to you, and you should be able to start trading.

How to open a Forex and CFD trading account with Exness?

A common question is, why choose Exness for your forex and CFD trading? Let’s answer the question, when it comes to Exness, it offers a CFD trading platform that’s convenient with valuable tools that monitor the market and help traders make good decisions.

Another thing that absolutely cannot be ignored is leverage trading. Before you can begin to understand the goals of trading CFDs, you need to master the art of leverage trading and its peculiarities. When you open an account with Exness, you accept its terms and conditions before becoming its client. Afterward, you can start trading from your account.

What is CFD trading?

Contract for difference (CFD) trading is a specific type of contract where you and the involved parties agree to certain terms of the contract, such as the purchase and sale of instruments needed based on the opening and closing price difference. Should the closing price of the instrument be higher than the opening price, the buyer receives profit from the seller equal to the difference between the two prices.

Many opportunities are created for traders through CFD trading, one of which is they can hold their position and only make a small deposit by using one of the deposit methods available. Whereas, another type of trading might have seen such a deposit as substantial. CFD investments also provide flexibility, so your time is still yours while you grow your investment through trading.

Traders get to use Exness trader strategies without worrying about limitations and decide when is the best time for them to trade. Traders choose the most comfortable time to spend on work! Before you start trading on your new account, ensure that you fully understand the difference between the instrument, bonds, stocks, and all other assets. Brush up on your skills a little!

Opening your CFD trading account

Once you’ve decided that CFD trading is something you want to do, there are a few steps to ensure you’re on the right track to register and open an exness forex account.

• Compare CFD trading accounts to find the one best suited for you - It’s a good thing to compare trading accounts; with this, you can decide if you want to trade on a margin with a financial or CFD spread bet. CFD and spread betting offer leverage trading, and differences such as tax are apparent.
• Choose your broker - Once you’ve decided after comparing CFD accounts and found one that works for you, you have to choose a broker. You choose your broker based on what your goals are and what’s most important to you. Under this point, there are again a few points to consider, such as the trading platform and its features, the market, fees, costs, and of course, customer services. Brokers can be compared in the main comparison table, or broker reviews (That’s a whole other thing). They highlight what the brokers are good at as an individual broker.
• Research your CFD Exness trader strategy - If you’re new to CFD trading, there are a few basic strategies to consider when researching a trading strategy. Understanding your trading markets is one of the essential basic strategies to know, along with adequate risk capital and the management thereof and portfolio diversification.
• In this step, you open your account - During the application process of opening your account, you will have to demonstrate that you understand how trading works and the risks involved with it. You’ll also have to submit proof of identity and address for AML (anti-money laundering) requirements.
• Pick your trade/ market type (CFD) - Once your account is open and you’ve chosen your broker to spend on, you now have access to various trading markets via CFDs. Research underlying markets and decide what you want to trade; remember, the more you understand what you’re speculating on, the bigger your chances of success are.
• Deposit funds into your trading account - EFT and card deposits are accepted by most brokers, and other deposit methods are available such as PayPal and crypto; however, bank and card deposits are the quickest. It’s essential to remember that you can only withdraw by using the same method used to deposit.
• Your first trade with CFD - CFD trading does indeed have a high risk to it, and a sensible decision would be to start with small investments at a time. It’s recommended to not risk all your capital on one trade, but instead to take baby steps toward success. Gradually you’ll start understanding the tricks of the trade and how the market moves. This way you get better at it.

Long trades, short trades, (short-selling in CFD trading)

Investors would like to think about forex trading as a walk in the park; however, that’s not exactly the case. There’s more to investing and trading than investors would like to admit, this, is why many investors starting to trade get confused. It’s not that complicated when you fully understand the difference between the different steps in trading. 

What’s the difference between long trades, short trades, and short selling?

Let’s start with long trades and short trades - what is it? The term long trade refers to the action an investor takes, such as purchasing an asset and its sale. When an investor buys an asset from another, keeping in mind that they want to sell it in the future for more than its price, they’re making a long trade.

Now, a short trade almost works the same; however, this is where the difference comes in. When an investor is making a short trade, they wait for the asset price to rise before making the purchase. The investor sells it almost immediately after buying it, then waits for the same asset’s price to drop before buying more. As mentioned above, it’s all about the action taken by the investor/buyer.  

Typically a short transaction is borrowing an asset, then selling it, and waiting for its price to drop before rebuying it. The investor recovers as many of the assets; while still making a profit from their investment. It’s essential to take full responsibility for both profit and losses, should you have any. Exness has a legit CFD trading platform that offers valuable tools to help investors and traders make good decisions while monitoring the market. 

CFD trading with leverage

Leverage in trading and its peculiarities are things you need to know about and understand before beginning to trade CFDs. You can create various opportunities by using leverage, such as opening/attaining a position without paying for it in full. A small deposit is needed, which is referred to as a “margin” and it can grant you access to multiple trading opportunities.

If you choose to use leverage, it’s not a must to pay the full amount, because you don’t acquire a physical asset when working with CFD trading. Say, for instance, you’re to open a position of $500, you’re only required to pay a percentage (5%) of that amount, after which the position is opened successfully. 

Using leverage can open good earning opportunities for you if the market starts moving in your desired direction. However, there’s the possibility of risk as with any investment, which increases with your potential profit size. The tool of leverage is recommended to be used wisely!

Trading on CFD margin - What is it?

The term “margin” or “CFD margin” is frequently used when it comes to trading and investing, but for new traders, it can be a tat bit confusing if they don’t know what it refers to. Let’s discuss it. As mentioned above, an investor can open up a position without paying the full amount for it. Instead, a percentage is payable and the full position benefits are opened, that minimum amount payable is referred to as the “margin.”

The payment an investor/trader makes is usually enough for the opening and maintenance of such a position. There are different types of margins, and these are known as deposit margins and maintenance margins. What’s the difference? Good question. The first one is used to open trades and the second one is for when the market turns against the trader, which leads to it being unprofitable.

Strategies for CFD trading with Exness

There are different strategies you can follow with CFD trading and every success story with CFD trading needs a strategy behind it. There are three main category strategies you as a trader can follow to increase your chances of success with the trading platform. 

• Day trading - With the strategy to trade during the day or day-to-day, you open a trade and then close it on the same day. There’s no leaving it overnight and changing the decision you’ve made after it’s done. Enough time is provided to make a decision that’s informed. You can, however, reduce the risk by reducing the trade, so there’s no need to leave it hanging.
• Swing trading - Users who decide on swing trading are typically very focused on short-term price movements, whereas, the price of an asset either increases at a significant speed or decreases at a slow pace. These are traders that follow a specific trend and typically look for fluctuations in that trend to use to their advantage. Positions aren’t always closed on the same day and can go days, weeks, and even months before being closed.
• Scalping - By using this strategy, traders typically try to close as many positions as they can daily. They go all in to get the most out of a day’s trading. Traders who use this strategy don’t wait around until the price of an asset is high or low enough- they take any profit as profit as long as it’s frequent.

How to register an Exness account on the web application?

As mentioned above, I explained how to register and create an account with Exness; however, at this point, it will be explained how to open a legit trading account using your PC and the web application. 

• The first thing you need to do is visit the Exness homepage/website and download the apk file/installation file for your PC and processor type.
• Secondly, continue to download the file and follow the prompts to install it after it’s finished.
• This is where the setup and opening of your new or new demo account begins. The web application allows you to “practice” your trading and teaches you how to do the needed to start real-time forex trading. Under the tab select “New Account,” then fill in your residential country, and email address, and set a password.
• Your area details are now registered and you can verify your account after registering your new personal area.
• When in your personal area, choose the option to “open a new account,” this option will be found under the “My Accounts” area
• This is the part where you choose whether you want a real or demo account, you can choose from the available account options
• When you reach the next screen, it should provide you with a list of options and the option to choose a real or demo account again (This option is emphasized, so the user is absolutely sure of the account they choose)

Among the given options are the following:

• Real or demo account
• Choosing between MT4 and MT5 terminals to trade on
• Setting your leverage to a maximum amount
• The option to choose your currency, which will stay like this for the remainder of the account (It cannot be changed)
• You can choose to create a nickname/alternative name for your trading account
• Setting your account password
• After you’re happy with your choices, choose the option to “create account”

Sign into your new Exness account via the web application

• When the web application opens up, click on the option to “sign in,” as you already created your account there’s no need to sign up again.
• A new form should appear on your PC screen for you to fill out, this is where your email and password used to create your account go. Click on “continue."
• After you’ve logged into your personal area, click on “My accounts” and then the “settings” option to view the options available.
• Select the information for the account you want, a pop-up should appear with it. You’ll find your MT4/MT5 login and server number there.

If you want to trade in your browser, click on the “Trade” option, then go to “Exness Terminal.”

Logging in to your MT4 trading account

It’s easy and convenient to log into your MT4 terminal; you just need a few things handy, like your forex account number, password, and server details- Bob’s your uncle, and you’re ready to trade. As mentioned above, if you want to trade in your browser, click on the “Trade” option, then go to “MT4WebTerminal.”

You’ll be redirected to a page that asks for your server and login details, this is where you enter your password, then “Ok,” you should be logged in after that.

Logging into your MT5 trading account

is Just as easy as it is logging into your MT4 and other accounts, the same goes for your MT5 account. All you need is to have your forex account number, password, and server number handy. Trading from your browser is the same as above click on “Trade,” then “MT5WebTerminal” and you’re ready to rumble. 

What to do in the case of losing your Exness password?

What happens if you lose your Exness password or you’re unable to log in to your account? This is a good question, for which there are a few options for help you can consider. 

Personal area password - 

• In the case of losing your personal area password, you go to the Exness website as you normally would sign in, and click on “ I Forgot my Password,” it will then ask you for your email address followed by sending a verification code.
• Once you enter the code, you’ll be able to reset your password and sign in normally.

Trading password - This password is used to log into the terminal with a specific account, in case it gets lost

• Log into your personal area like normal, and click on the dropdown menu of any account listed.
• Select the option “Change trading password.”
• Follow the prompts and enter a new password.
• When you’ve done this, select “Change Password.”
• It depends on the security type you have, there might be a verification code sent to your registered email to verify it’s you making changes to your account; however, for a demo account, this step is not needed.
• Last, but not least, you’ll receive a notification telling you that your password has been successfully changed.

Read-only access password - With read-only access, it allows an outside person (third party) to read and go through your account; however, all trading access is turned off, and the person can only view it. 

• Start by logging into your personal area, and from the dropdown menu, select “Set read-only access.”
• Set your password according to the requirements specified in the password area. Keep in mind that it mustn't be the same as your trading password, otherwise, it’s going to fail.
• When you’ve completed it, click “confirm.”
• There will be a pop-up on your screen with the server number, account login, and password. Copy this to your clipboard and store it in a safe place.
• You’ve now successfully changed the password to your read-only access.

How to register an Exness account on the Exness Trader app?

Setting up and registering an Exness trader account on the trader app is just as easy as setting it up from your PC, (perhaps even more so). Let’s get to explaining how it works and how to register and create an account from your android/iOS mobile device. 

• Start by opening your Play Store/App store, and download Exness Trader to your mobile device
• Finish installing it, then open the app
• Select “Register” to start the process
• Click on “Change Country/Region” to put in your country, then click on “continue. ”
• Enter your email address, then continue
• Proceed to create a password that follows the password requirements
• Enter your mobile number, to which they will send a code to verify
• Create a passcode with 4 digits, and enter it twice to ensure it’s confirmed
• If your device supports biometrics, you may be asked to set it up, otherwise, this step can be skipped by pressing “Skip”
• You’ll receive a prompt to make a deposit (your first deposit), you can either proceed or skip this step
• You’ve now successfully installed and set up your legit Exness trader app and account

Making your first deposit as a trader/investor

After setting up and registering your Exness trader app on both PC and mobile, there are only the last few things left to do, and that’s making your very first deposit and starting to trade! However, before beginning with the real thing, have you looked at the demo account? Multiple things can be learned about trading with Exness from there.

The demo app gets you “ready” for real-time trading, by giving you experience and practice! Let’s get to it.

• Before making your first deposit, be it cryptocurrency, eft, bank transfer, or any other type of payment to trade with, you must choose your payment method on the app itself. (This is easy).
• The next thing to know is; your deposit currency will automatically be exchanged for the currency used in your trading account, so, picking a convenient currency for both is essential.
• Another thing is deposit fees. Many trading apps don’t charge any fees for depositing; however, it’s recommended to look out for any fees your bank may charge for such a transaction.
• When you’re done deciding the above-mentioned, it’s finally time for you to decide on an amount to deposit into your brand-new trading account.

I want to start trading, but how do I do it; where do I begin?

You’ll never achieve a good result if you just start to randomly and chaotically start trading, as with many things there are steps to achieving what you want. So, start small and ease into it gradually by first deciding what it is that you want to trade- what markets are you looking at?

• Decide on your market - What assets do you want to trade? Are you interested in one specific kind like CFDs, or are you targeting other market assets as well?
• Speculating what markets are going to rise and fall next is a sure thing to do; however, it can’t be certain, right? No. So, the only way to find out is to decide and act, by pressing buy or sell.
• Remember to keep track of your profits and losses, and stop orders are to be kept an eye on. Not all traders make use of stop loss; however, the tactic can be wrong, because in the case of a market moving in the other direction, stop loss can prevent making huge losses in some cases. Track your asset prices now and then, and try to close positions in time.

What are the pros/advantages of CFDs and their trading?

When an Exness trader decides to choose CFD trading, there are quite a few advantages that come with it. Some of these advantages include greater leverage, and the opportunity to trade other assets along with CFDs. (Not limited to one asset type). Access to all the needed tools to make successful trading, and no restrictions when it comes to day trading. Let’s list them.

• Higher leverage
• Access to trade with other assets
• Needed tools
• No restrictions

CFD trading doesn’t have these restrictions; with CFD trading, you have more freedom when it comes to trading.

What are the cons/disadvantages of CFDs and their trading?

We can’t only have advantages; therefore, CFD trading also has a few disadvantages to it.

• Due to the spread, it’s not possible to make small movements when using CFDs. When you open a deal and end up leaving it, the spread still needs to be paid, which could almost count as a loss as it’s unprofitable for the trader.
• It has an unregulated sector, and because of this, it gives access to less-than-honest brokers.
• No matter which assets you decide to trade, there’s always a chance of risk. In this case, there are high risks involved in trading. (You could endure losses).

Being successful as a CFD trader

Everyone wants to do something and be successful at it; however, with the change in times, it can be difficult to stay motivated. Anyone can be successful as a trader, but it’s entirely up to you as a trader/investor to put the work into it. To help with this, a trader should constantly keep their eye on analytics through research and market study and be able to predict a movement and which way it’s going (Up or down). Increase your trading sense and put trading discipline into place. It helps to keep your finger on the pulse and follow the trading news that enhances your knowledge.

FAQ about CFD trading