How Many Exness Accounts Can One Person Have?

Exness provides its clients with the flexibility to open multiple accounts under a single personal area, allowing traders to diversify their trading strategies, manage different currencies, and better organize their portfolios. However, there are certain limitations and guidelines that traders should be aware of when opening multiple accounts.

Types of Accounts Available on Exness

Exness offers various account types, each tailored to different trading styles and needs. Here are some of the main account types available:

Standard Accounts: Ideal for beginners and experienced traders alike.
Pro Accounts: For professional traders who prefer tighter spreads.
Cent Accounts: For beginners who want to trade with smaller amounts and lower risks.
Raw Spread Accounts: For traders who prefer low spreads and can accept a commission-based cost structure.
Islamic Accounts: Swap-free accounts that comply with Islamic financial principles.
Demo Accounts: For testing strategies without the risk of losing real money.

How Many Accounts Can One Person Have?

Exness allows traders to open multiple accounts under a single Exness Personal Area (PA). While there is no strict limitation on the total number of accounts one person can hold, there are some guidelines:

Account Limitations:

Maximum of 200 accounts: A person can have up to 200 trading accounts under their Exness Personal Area.
This can include both live accounts and demo accounts.
The number of accounts for each type (Standard, Pro, Cent, etc.) can vary but will still be part of the 200-account limit.

Why Would One Need Multiple Accounts?

Traders often open multiple accounts for several reasons:

Diversification:

Traders can use different accounts for different trading strategies (e.g., long-term investing vs. short-term trading).
You can separate accounts based on different asset classes (e.g., one for forex, another for cryptocurrency or stocks).

Risk Management:

Multiple accounts allow traders to manage risk by separating more volatile trades from conservative ones.

Currency Preferences:

You can open accounts with different currencies (e.g., USD, EUR, KES) to avoid conversion fees or align with your preferred withdrawal method.

Testing Strategies:

Use demo accounts to test new strategies without risking real money while still managing a live trading account.

Managing Multiple Accounts

Exness makes it easy to manage several accounts by providing access to all your accounts in one Personal Area (PA). Here’s how you can manage multiple accounts:

Switching Between Accounts: You can switch between different accounts (e.g., from a Standard account to a Pro account) with ease through your Exness Personal Area.
Deposits and Withdrawals: Each account will be individually funded and withdrawals will be processed separately based on the currency of the account.

Are There Any Restrictions on Opening Multiple Accounts?

While Exness allows you to open multiple accounts, there are a few important points to note:

Identity Verification: Each account must be linked to your verified identity. Exness requires you to submit valid proof of identity and proof of address to comply with regulatory requirements.
Regulatory Compliance: Exness adheres to global regulatory standards, ensuring that no fraudulent or illegal activities occur, even with multiple accounts.
Account Monitoring: Exness may monitor accounts for unusual activities or patterns, especially if multiple accounts are linked to the same payment methods or strategies.

Are There Any Restrictions on Opening Multiple Accounts?

Common Issues with Multiple Accounts and How to Resolve Them

While having multiple accounts with Exness can offer flexibility, diversification, and better risk management, it may also lead to certain challenges. Below are some common issues traders might face when managing multiple Exness accounts, along with practical solutions to resolve them.

Confusion Between Accounts

Issue:

With several accounts in the Exness Personal Area (PA), traders may become confused about which account they are using, especially if the accounts have similar names or account types.

Solution:

Label Accounts Clearly: When opening multiple accounts, give each account a distinct name (e.g., “Forex Trading – Pro Account”, “Crypto – Cent Account”).
Use Separate Strategies: Keep accounts dedicated to different strategies or trading instruments for better organization.
Check Account Details: Always double-check your account details, including the account type, before making a trade or deposit.

Issues with Account Verification

Issue:

Verification delays can occur if documents are unclear, outdated, or inconsistent across multiple accounts.
Sometimes, additional verification (such as a selfie with ID) might be required if the system detects discrepancies.

Solution:

Ensure Documents Are Clear: Always upload high-quality scans or photos of documents in PDF, JPG, or PNG format.
Consistency: Ensure that all documents match your registered details (e.g., name and address).
Submit All Documents: If you’re opening several accounts, ensure you submit documents for each account and provide all necessary details upfront to avoid delays.

Difficulty Managing Multiple Currencies

Issue:

If you have multiple accounts with different currencies, managing deposits and withdrawals can become complicated. For example, you may find it difficult to withdraw in a different currency than the one you used for deposit.

Solution:

Open Accounts with Preferred Currencies: If you often use a specific payment method (e.g., M-Pesa or bank transfers in KES), open accounts in the same currency as your payment method to avoid conversion fees.
Check Withdrawal Methods: Make sure that Exness supports your withdrawal method for the currency of your choice.
Use Exness Payment Systems: Exness supports various local payment options, so choose a system that offers multiple currency withdrawals.

Restrictions on Account Types or Multiple Account Creation

Issue:

Exness may have restrictions on how many live accounts a single individual can hold, or the account type available for multiple accounts (e.g., Cent, Pro, Standard).
If one account is not eligible for a particular service (e.g., higher leverage), this could cause confusion.

Solution:

Check Account Eligibility: Ensure that each account you open meets the requirements for the services you want to access (e.g., higher leverage or specific instruments).
Open New Account Types Carefully: Review the available account types (Standard, Pro, etc.) and their limitations before opening another account.

Withdrawal Complications Between Accounts

Issue:

Sometimes, withdrawals can be delayed or denied if accounts are not linked correctly, or if trading activity is not consistent.
Funds in one account may be difficult to transfer to another, leading to delays in accessing your money.

Solution:

Verify Account Linkage: Ensure all accounts are linked to the same personal details and verified documents to avoid withdrawal issues.
Use Same Withdrawal Method for Multiple Accounts: For multiple accounts, ensure that you use the same payment method for all your deposits and withdrawals.
Separate Funds: If you want to keep funds for specific purposes (like riskier trades), make sure to withdraw from the appropriate account.

Conclusion

Exness provides its clients with the flexibility to have up to 200 trading accounts under a single Exness Personal Area. This allows you to diversify your trading strategies, manage risk, and choose currencies that best fit your trading needs. However, it’s important to ensure that each account is properly verified and compliant with Exness’ terms and conditions to avoid issues.