Question: Which account type of ExclusiveMarkets is the best? What are the differences?
ExclusiveMarkets Account Types Overview
ExclusiveMarkets offers a variety of account types, each designed to cater to the different needs and preferences of traders. Here’s a detailed look at each of these account types:
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Standard Account
- Minimum Deposit: $500
- Leverage: Up to 1:2000
- Spread: Starts from 1.6 pips
- Commission: None
- Platform: MT4, MT5
- Features: Offers market execution, access to FX, metals, indices, commodities, cryptos, stocks, and ETFs. It includes negative balance protection and a swap-free option, making it suitable for traders looking for broad market access without a high initial investment.
Cent Account
- Minimum Deposit: $200
- Leverage: Fixed at 1:500
- Spread: Starts from 1.6 pips
- Commission: None
- Platform: MT4, MT5
- Features: Trades are conducted in cent lots, making this account ideal for newcomers looking to trade with lower risks. It focuses mainly on FX and metals and offers negative balance protection with smaller contract sizes for easier risk management.
Shares Account
- Minimum Deposit: $5,000
- Leverage: 1:1
- Spread: Raw spreads
- Commission: From $0.03 per stock
- Platform: MT5
- Features: Designed for trading stocks with direct market access. It offers opportunities to trade with fractional shares and no stop out levels, tailored for investors looking for exposure to global stock markets without high leverage.
Exclusive Account
- Minimum Deposit: $2,000
- Leverage: Up to 1:2000
- Spread: From 0 pips
- Commission: $7 per lot
- Platform: MT4, MT5
- Features: This account type is geared towards experienced traders, offering tighter spreads for higher volume trading. It includes access to all trading instruments provided by ExclusiveMarkets, market execution, and a swap-free option.
Standard Plus Account
- Minimum Deposit: $1,000
- Leverage: Up to 1:2000
- Spread: From 0.8 pips
- Commission: None
- Platform: MT4, MT5
- Features: Offers a balance between the Standard and Exclusive accounts with tighter spreads and a reasonable minimum deposit. It’s suitable for traders who are ready to step up from the Standard account but do not wish to commit as much capital as required for the Exclusive account.
Each of these accounts is designed to provide specific advantages depending on the trader’s strategy, capital outlay, and trading goals. From high leverage options for aggressive traders to cent accounts for beginners, ExclusiveMarkets tailors its services to meet a wide array of trading demands.