How to Open an Exness Social Trading Account: Step-by-step Guide

Exness offers a unique and user-friendly platform for traders in Kenya to engage in Social Trading, a strategy that allows you to copy the trades of successful traders and learn from their strategies. Social Trading is an ideal solution for both new traders who want to gain experience and experienced traders looking for a more hands-off approach to making profits. By opening a Social Trading account on Exness, you can follow and copy professional traders, access real-time trading performance data, and benefit from the collective expertise of the community.

Setting up an Exness Social Trading account is a straightforward process. With just a few easy steps, you’ll be ready to explore the platform, choose traders to follow, and start copying trades to maximize your potential profits. Whether you’re new to trading or looking to diversify your trading strategy, this guide will walk you through the simple steps of opening an Exness Social Trading account and making your first investment.

Understanding Exness Social Trading

Exness Social Trading is a powerful feature that allows both beginners and experienced traders to engage in copy trading. This concept enables users to copy the trades of professional and successful traders, providing an opportunity to leverage the expertise of others while avoiding the complexities of independent trading. For traders in Kenya, this is an excellent way to enter the world of trading with minimal risk and effort, while still gaining exposure to the markets.

Exness Social Trading works by connecting traders with one another. Users can browse trader profiles, view their historical performance, and choose to copy their trades. When you copy a trader, any trades they execute are mirrored in your own account based on the amount you’ve invested. This passive trading model allows you to benefit from the strategies of more experienced traders while using your own funds.

Steps to Open an Exness Social Trading Account

Opening a Social Trading account on Exness is a simple and straightforward process that enables you to start copying professional traders and learning from their strategies. Whether you’re a beginner or an experienced trader in Kenya, this step-by-step guide will help you get started with Exness Social Trading.

Sign Up for an Exness Account

Before you can access Social Trading, you need to open a standard Exness account. Follow these steps:

Visit the Exness Website: Go to the official Exness website (www.exness.ke).
Click on “Open Account”: On the homepage, select the “Open Account” button.
Provide Your Personal Information: Fill out your name, email address, and password to create an account.
Verify Your Account: Complete the Know Your Customer (KYC) process by uploading a valid ID and proof of address to verify your identity.

Access the Social Trading Section

Once your Exness account is verified, you can access the Social Trading feature.

Log in to Your Exness Personal Area: Use your registered email and password to log into your Exness Personal Area.
Navigate to Social Trading: In the Personal Area, go to the Social Trading section or look for the Social Trading tab in the menu.
Activate Social Trading: Click on the option to join Social Trading. This will activate the feature and allow you to start copying trades.

Fund Your Exness Account

To begin social trading, you need to fund your Exness account with sufficient capital.

Deposit Funds: Navigate to the Deposit section of your Exness Personal Area and choose your preferred payment method (e.g., M-Pesa, bank transfer, e-wallets, etc.).
Select a Deposit Method: Choose a payment method suitable for Kenyan traders and deposit funds into your account.
Confirm the Deposit: After confirming your deposit, your balance will be reflected in your Exness account, ready for Social Trading.

Browse and Select a Trader to Copy

Now that your Exness account is set up, you can begin browsing available traders to copy.

Explore Trader Profiles: In the Social Trading section, browse through a list of professional traders. Each trader will have a detailed profile showing their trading performance, risk level, and historical results.
Filter and Choose a Trader: You can filter traders based on risk tolerance, performance, and strategy type (e.g., short-term, long-term).
View Detailed Stats: Look at each trader’s performance statistics, including their win rates, drawdown levels, and overall trading strategy.
Select a Trader to Copy: Once you’ve found a trader whose strategy aligns with your goals, click on their profile and select “Copy” to begin mirroring their trades.

Set Your Copy Trading Preferences

Before you start copying trades, you can customize your investment settings.

Set Investment Amount: Choose how much you want to invest in the selected trader. You can set a fixed amount or percentage of your trading balance.
Adjust Risk Settings: Customize your risk preferences, such as how much you are willing to risk per trade.
Choose the Copying Method: Exness allows you to copy all or specific trades of the selected trader. Select the method that best suits your strategy.
Start Copying Trades: Once you’ve set your preferences, click “Start Copying” to begin mirroring the trader’s actions in real-time.

Monitor and Manage Your Social Trading Portfolio

After setting up your Social Trading account and choosing the traders to copy, you can easily track and manage your portfolio.

View Open Positions: Check your copied trades under the “Portfolio” tab in your Exness Personal Area.
Track Performance: Monitor the performance of your Social Trading account, including profits, losses, and overall trade outcomes.
Adjust Copy Settings: If needed, you can stop copying a trader or adjust your investment amount at any time.
Switch Traders: If the trader you are following is underperforming or if you want to try a different strategy, you can switch to another trader in the platform.

Withdraw Your Profits

Once you start earning through Social Trading, you can withdraw your profits at any time.

Go to the Withdraw Section: Navigate to the Withdraw tab in your Exness Personal Area.
Choose Withdrawal Method: Select your preferred withdrawal method (M-Pesa, bank transfer, or e-wallet).
Confirm Withdrawal: Enter the amount to withdraw and confirm the transaction. Your funds will be transferred according to the method you’ve chosen.

Benefits of Using Exness Social Trading Account

The Exness Social Trading platform offers many opportunities for both beginners and experienced traders. It helps you learn from successful traders and automate trading strategies. Here are the main benefits:

You can copy strategies of experienced traders. Simply browse their profiles, evaluate their results, and choose someone whose approach matches your goals. This way, you use professionals’ knowledge even if you’re just starting out.

Social Trading saves your time. After selecting a trader, all their trades are automatically copied to your account in real-time. This is perfect if you have limited time but still want to participate in the markets.

It’s also a great learning opportunity. By watching top traders, you learn about different strategies, risk management, and analysis methods. Over time, you can develop your own skills.

You can diversify your portfolio by copying multiple traders with different approaches. This helps balance risk and reward by reducing the impact of single-market volatility.

Exness provides clear performance metrics for every trader, including win rates, risk levels, and historical returns. This transparency helps you make better decisions and track your own performance in real-time.

Conclusion

Opening an Exness Social Trading account is a straightforward process that provides Kenyan traders with an excellent opportunity to engage in the financial markets with minimal risk and effort. By following the simple steps of signing up, funding your account, and selecting successful traders to copy, you can start benefiting from the expertise of experienced professionals in no time. The transparent performance metrics, customizable risk management options, and low entry barriers make Exness Social Trading an accessible and effective strategy for both new and seasoned traders.