How to Open a Micro Account on Exness
Trading forex doesn’t have to be expensive. I started with just a few bucks years ago. Micro accounts on Exness let you trade with small amounts of money but still get real market experience. They’re perfect for beginners or for testing new strategies without risking much cash.
Features and Benefits of a Micro Account
Backtesting is compiling results from a trading strategy using past market data. Backtesting allows you to see how a strategy would have performed in live market conditions instead of merely guessing how it may play out. It’s a bit like rehearsing a skill before you actually do it.
After years of trading, here’s why I still use Micro accounts:
- Only $1 to start
- Trade tiny positions (0.01 lots)
- Real market trading with less risk
- Great for testing strategies
- No commissions
- Works with MT4 and MT5 platforms
- Flexible leverage options
- Quick deposits and withdrawals
Minimum Deposit and Trading Conditions
You can open an Exness Micro account with just $1. Most brokers ask for much more. I remember saving for weeks to meet other brokers’ minimums when I started.
The spreads are decent. They’re a bit wider than professional accounts, usually 0.3 to 3 pips on major pairs like EUR/USD. That’s fair for such a low-cost account.
With micro lots, each pip move is worth about 10 cents when trading USD pairs. This makes a huge difference. Your mistakes cost pennies instead of dollars while you learn.
Leverage goes up to 1:2000, but don’t get carried away. I stick to 1:100 or less most days, even after trading for years. High leverage is the number one account-killer for new traders.
Step-by-Step Guide to Opening a Micro Account
Here’s how to open an Exness Micro account without the fluff:
- Go to Exness.com and hit “Register”
- Enter your email and create a password
- Select your country and preferred currency
- Click the verification link sent to your email
- Fill in your personal details – name, address, phone
- Upload your ID and proof of address (utility bill or bank statement)
- Once verified, click “Open Account” on your dashboard
- Select “Micro” from the account types
- Choose MT4 or MT5 platform
- Set your leverage (start low, around 1:50)
- Make your first deposit (cards, bank transfer, or e-wallets work)
- Download the platform and log in with your account details
The whole process takes about 30 minutes of active time, plus waiting for verification. Start with at least $50 and practice with tiny trades until you’re comfortable.
Account Setup for Beginners
Setting up right saves headaches later. Pick a currency you’re comfortable with. I use USD since most trading info uses dollar terms.
Start with low leverage. I’d suggest 1:50 or less until you get the hang of things. I’ve watched too many newbies blow their accounts using too much leverage.
Get both desktop and mobile versions of your platform. Markets move when you’re away from your computer.
Practice first. Spend a week on a demo account. Then put a small amount in your Micro account and make tiny trades. I started with $10 and traded the minimum size for weeks before sizing up.
Frequently Asked Questions
What is a Micro account on Exness?
A Micro account is a basic trading account that lets you start with very little money. It works just like regular forex accounts but lets you trade smaller amounts. I still keep one for testing risky ideas that might not work out.
What are the main benefits of using a Micro account?
The biggest plus is trading real markets without risking much money. When I test strategies on demo accounts, I don’t take them seriously. But put even $20 of real money on the line, and I pay attention. It’s simply more realistic.
What is the minimum deposit required for a Micro account?
Just $1, but that’s cutting it close. I’d put in at least $50 if you can. My first deposit was $100, which gave me room to make rookie mistakes without going broke. Almost anyone can start with such a low minimum.
How do I open a Micro account step by step?
It’s easy. Sign up on Exness, verify who you are, pick the Micro option, choose your platform, set your leverage, and deposit funds. The whole thing takes about 30 minutes. Most people get stuck on verification, but the support team can help if needed.
What trading conditions apply to Micro accounts?
You get variable spreads that are a bit wider than pro accounts. Leverage goes up to 1:2000. You can trade positions as small as 0.01 lots. You’ll have access to the same currency pairs as bigger accounts. During crazy market moves, execution might be slightly slower. For beginners, these small downsides hardly matter.
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