Beginner questions, answered

None, to begin. A demo account is free and uses virtual money — practice money, so mistakes cost nothing. When you later move to a real account, the Standard account has no minimum deposit, and some other account types start from around $10, depending on account type and region. The exact minimum is shown during sign-up, before you send any money.

A better question is: "How much can I afford to lose entirely?" Start with that amount or less.

This site is an independent guide for beginners. It is not Exness, and it never handles your money. It is free because of a partnership: the buttons here lead through a partner link to the official exness.com, and Exness may pay this site a commission if you open an account. You pay nothing extra.

The advice does not change because of that: practice on a demo first, and only ever trade with money you can afford to lose.

The main cost is the spread — the small gap between the buying price and the selling price of an instrument (the thing you trade — for example, a currency pair like EUR/USD). You pay it simply by opening a trade. If a trade stays open overnight, a swap may be added — a small overnight fee that the platform shows you before you confirm. A demo account costs nothing at all. More terms like these are explained in the word list.

No. Negative Balance Protection means clients never lose more than they've deposited. You can, however, lose everything you put in — which is why the safety rules on the risk basics page matter more than anything else on this site.

No. Many people lose money when they start trading — usually because they rush, skip practice, and risk too much too early. Trading is a skill, and skills take time. Nobody can promise you a profit; treat anyone who does as a warning sign. Go slowly: demo first, small real trades much later.

They share one honest similarity: the outcome of a single trade is never certain, and losses are real. The difference is what you can control. In trading you can study, practice on a demo, keep each trade small, and close losing trades early — that is skill plus risk management. But no amount of skill removes the risk. And if you trade at random, with money you cannot afford to lose, it behaves exactly like gambling.

Yes. The Exness Trade app is built for phones, and Exness Terminal also works in a phone's web browser. Both work with a demo account, so you can practice anywhere. Many beginners find charts easier to read on a bigger screen, but nothing about trading requires a computer.

No. Exness Terminal runs in your web browser — there is nothing to install. For phones there is the Exness Trade app. MetaTrader 4 and MetaTrader 5 exist too, but they are aimed at experienced traders; you do not need them at the start.

There is no fixed answer, and no deadline. The demo account has no time limit, so speed is not the goal. A simple test: on demo, you follow a written plan, you risk only a small part of the balance on each trade, and your results come from the plan rather than luck. The demo account page has a checklist to help you judge this honestly.

The prices and the platform are the same. Your feelings are not. Real money brings excitement and fear, and those emotions change decisions — which is why demo results don't guarantee real-account results. A gentle bridge is the Standard Cent account, where trades are about 100 times smaller and mistakes cost cents, not hundreds.

A swap is a small fee that can be added when a trade stays open overnight. Swap-free is an account option where, on eligible instruments, that overnight charge is not applied. Whether it matters to you depends on how long you hold trades. Either way, the platform shows the swap before you confirm a trade, so the cost is never a surprise.

No. Negative Balance Protection means clients never lose more than they've deposited. If the market moves hard against you, the worst case is a balance of zero — never a debt to repay. The other side of this still stands: everything you deposited can be lost, so deposit only what you can afford to lose entirely.

Exness support is available 24/7. For questions about the basics, you can also ask on this site — or follow the step-by-step path on Start here, which walks you through everything in order, from zero.

Maybe — tax rules differ from place to place, and this site cannot give tax advice. A local tax professional or your official tax office can tell you exactly what applies to you. It is worth asking before you trade with real money, so there are no surprises later.