Exness Forex Trading in the Philippines
Understanding Forex Trading at Exness
Forex trading involves the simultaneous buying and selling of currency pairs in the foreign exchange market. Exness provides access to over 100 currency pairs through MetaTrader 4 and MetaTrader 5 platforms, enabling traders in the Philippines to participate in the global currency market.
The forex market operates 24 hours a day, five days a week, with trading sessions spanning different time zones. Currency prices fluctuate based on economic factors, political events, and market sentiment, creating opportunities for profit through price movements.
Available Currency Pairs
Major Currency Pairs
Major pairs represent the most liquid currency combinations, featuring the US Dollar paired with other major economies:
Currency Pair | Description | Typical Spread |
EUR/USD | Euro vs US Dollar | From 0.0 pips |
GBP/USD | British Pound vs US Dollar | From 0.1 pips |
USD/JPY | US Dollar vs Japanese Yen | From 0.1 pips |
USD/CHF | US Dollar vs Swiss Franc | From 0.2 pips |
AUD/USD | Australian Dollar vs US Dollar | From 0.3 pips |
USD/CAD | US Dollar vs Canadian Dollar | From 0.3 pips |
NZD/USD | New Zealand Dollar vs US Dollar | From 0.4 pips |
Minor Currency Pairs
Minor pairs exclude the US Dollar but include other major currencies:
- EUR/GBP (Euro vs British Pound)
- EUR/JPY (Euro vs Japanese Yen)
- GBP/JPY (British Pound vs Japanese Yen)
- AUD/JPY (Australian Dollar vs Japanese Yen)
- CHF/JPY (Swiss Franc vs Japanese Yen)
- CAD/JPY (Canadian Dollar vs Japanese Yen)
Exotic Currency Pairs
Exotic pairs combine major currencies with emerging market currencies:
- USD/TRY (US Dollar vs Turkish Lira)
- EUR/TRY (Euro vs Turkish Lira)
- USD/ZAR (US Dollar vs South African Rand)
- USD/MXN (US Dollar vs Mexican Peso)
Trading Platforms for Forex
MetaTrader 4 Features
MetaTrader 4 provides comprehensive forex trading capabilities:
Technical Analysis Tools
- 30 built-in technical indicators
- 24 analytical objects
- 9 timeframes for chart analysis
- Custom indicator support
- Expert Advisor compatibility
Order Types
- Market orders for immediate execution
- Pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop)
- Stop Loss and Take Profit levels
- Trailing stops for dynamic risk management
Platform Specifications
- One-click trading functionality
- Real-time price quotes
- Economic calendar integration
- News feed access
- Mobile trading support
MetaTrader 5 Capabilities
MetaTrader 5 offers enhanced features for forex trading:
Advanced Charting
- 21 timeframes for detailed analysis
- 38 technical indicators
- 44 analytical objects
- Volume analysis tools
- Market depth information
Order Management
- 6 pending order types
- Partial position closing
- Position netting and hedging
- Advanced stop orders
- Market execution mode
Additional Features
- Economic calendar with impact levels
- Market sentiment indicators
- Copy trading functionality
- Algorithmic trading support
- Multi-asset trading capability
Web Terminal Access
The Exness Web Terminal enables forex trading directly through web browsers:
- No software installation required
- Cross-platform compatibility
- Real-time market data
- Complete order management
- Technical analysis tools
- Account management functions
Account Types for Forex Trading
Standard Account Specifications
Standard accounts provide basic forex trading conditions:
- Minimum deposit: $1
- Maximum leverage: 1:2000
- Spread type: Variable
- Starting spreads: From 0.3 pips
- Commission structure: None
- Execution type: Market execution
- Minimum trade size: 0.01 lots
Standard Cent Account Details
Cent accounts allow smaller position sizes for risk management:
- Minimum deposit: $1
- Maximum leverage: 1:2000
- Spread type: Variable
- Starting spreads: From 0.3 pips
- Commission structure: None
- Trade size: Measured in cents
- Position sizing: 0.01 cent lots minimum
Pro Account Conditions
Pro accounts offer enhanced trading conditions:
- Minimum deposit: $200
- Maximum leverage: 1:2000
- Spread type: Variable
- Starting spreads: From 0.1 pips
- Commission structure: None
- Execution type: Instant execution
- Stop out level: 0%
Raw Spread Account Terms
Raw Spread accounts provide direct market pricing:
- Minimum deposit: $200
- Maximum leverage: 1:2000
- Spread type: Variable from market
- Starting spreads: From 0.0 pips
- Commission: Up to $3.5 per lot per side
- Execution type: Market execution
- ECN-style pricing model
Zero Account Features
Zero accounts offer minimal spreads on major pairs:
- Minimum deposit: $500
- Maximum leverage: 1:2000
- Spread type: Variable
- Starting spreads: From 0.0 pips on 30 instruments
- Commission structure: None on zero spread instruments
- Execution type: Market execution
- Premium pricing model
Leverage and Margin Requirements
Leverage Options
Exness provides flexible leverage settings for forex trading:
Account Balance | Maximum Leverage | Margin Requirement |
0−0 – 0−999 | 1:Unlimited | Dynamic calculation |
1,000−1,000 – 1,000−4,999 | 1:2000 | 0.05% |
5,000−5,000 – 5,000−29,999 | 1:1000 | 0.1% |
$30,000+ | 1:500 | 0.2% |
Margin Calculation Methods
Standard Lot Calculation
For major currency pairs, one standard lot equals 100,000 units of the base currency. Margin requirements vary based on leverage settings and account balance.
Margin Call Levels
- Margin call: 60% of equity
- Stop out level: 0% for Pro accounts, 20% for Standard accounts
- Free margin monitoring for position management
Dynamic Leverage System
Exness implements dynamic leverage based on:
- Total account equity
- Open position exposure
- Market volatility conditions
- Currency pair specifications
- Trading session timing
Trading Sessions and Market Hours
Asian Trading Session
The Asian session operates during Philippine business hours:
- Session times: 23:00 – 08:00 GMT
- Active currency pairs: USD/JPY, AUD/USD, NZD/USD
- Market characteristics: Lower volatility, range-bound movements
- Economic releases: Japanese and Australian data
European Trading Session
The European session provides increased volatility:
- Session times: 07:00 – 16:00 GMT
- Active currency pairs: EUR/USD, GBP/USD, USD/CHF
- Market characteristics: High liquidity, trend developments
- Economic releases: European Central Bank announcements
American Trading Session
The American session overlaps with European hours:
- Session times: 12:00 – 21:00 GMT
- Active currency pairs: USD-based majors
- Market characteristics: High volatility, news-driven movements
- Economic releases: Federal Reserve communications
Order Execution and Spreads
Execution Models
Market Execution
Orders execute at current market prices with potential slippage during high volatility periods. This model provides:
- Fast order processing
- No requotes
- Partial fills possible
- Price improvement opportunities
Instant Execution
Orders execute at requested prices or reject if prices move beyond tolerance levels. Features include:
- Fixed spread environments
- Requote mechanisms
- Price confirmation requirements
- Slippage control options
Spread Structures
Variable Spreads
Spreads fluctuate based on market conditions:
- Tighter during high liquidity periods
- Wider during low liquidity or high volatility
- Market-driven pricing
- No artificial spread widening
Commission-Based Pricing
Raw Spread and Zero accounts use commission structures:
- Direct market spreads
- Transparent commission charges
- ECN-style pricing model
- Institutional-level access
Risk Management Tools
Stop Loss Orders
Stop loss orders limit potential losses by closing positions at predetermined levels:
- Automatic execution when price reaches stop level
- Configurable during order placement
- Modifiable for open positions
- Guaranteed execution on major pairs
Take Profit Orders
Take profit orders secure profits by closing positions at target levels:
- Automatic profit realization
- Multiple take profit levels possible
- Partial closing capabilities
- Risk-reward ratio optimization
Position Sizing Strategies
Fixed Fractional Method
Calculate position size based on account percentage risk:
- Determine acceptable loss percentage
- Calculate stop loss distance in pips
- Apply position sizing formula
- Adjust for currency pair pip values
Volatility-Based Sizing
Adjust position size according to market volatility:
- Use Average True Range (ATR) indicators
- Scale positions inversely to volatility
- Maintain consistent risk exposure
- Adapt to changing market conditions
Economic Calendar and Fundamental Analysis
High-Impact Events
Monitor these events for forex trading opportunities:
Central Bank Decisions
- Federal Reserve interest rate decisions
- European Central Bank policy meetings
- Bank of Japan monetary policy statements
- Bank of England rate announcements
Economic Indicators
- Non-Farm Payrolls (United States)
- Consumer Price Index data
- Gross Domestic Product releases
- Employment statistics
Political Events
- Election outcomes
- Trade negotiations
- Geopolitical developments
- Policy announcements
News Trading Strategies
Breakout Trading
Position for price breakouts following news releases:
- Identify consolidation patterns before news
- Place pending orders above and below current range
- Implement tight stop losses
- Target extended price movements
Fade Trading
Trade against initial news reactions:
- Wait for immediate price spike
- Assess reaction sustainability
- Enter counter-trend positions
- Use technical levels for targets
Mobile Trading Applications
Exness Trader App Features
The Exness Trader mobile application provides:
- Real-time price quotes
- One-tap trading functionality
- Technical analysis tools
- Account management capabilities
- Push notification alerts
- Biometric security options
MetaTrader Mobile Platforms
MetaTrader mobile applications offer:
MetaTrader 4 Mobile
- Complete trading functionality
- Technical indicator library
- Expert Advisor support
- Price alert systems
- Chat community features
MetaTrader 5 Mobile
- Advanced charting tools
- Economic calendar integration
- Market depth information
- Copy trading access
- Multi-asset trading support
Frequently Asked Questions
What are the minimum and maximum trade sizes for forex trading at Exness?
Minimum trade size is 0.01 lots for most currency pairs, while maximum trade size varies by account type and currency pair. Standard accounts support up to 200 lots per order, while professional accounts may have higher limits.
How does Exness calculate swap rates for overnight forex positions?
Swap rates are calculated based on the interest rate differential between the two currencies in a pair, plus or minus Exness’s markup. Rates are applied at 00:00 server time and tripled on Wednesdays to account for weekend rollover.
Can I hedge forex positions on the same currency pair with Exness?
Yes, Exness supports hedging on MetaTrader platforms, allowing you to hold both long and short positions on the same currency pair simultaneously. This feature is available on all account types.
What happens to my forex trades during market gaps or low liquidity periods?
During market gaps, orders may experience slippage, executing at the first available price. Exness implements negative balance protection to prevent account balances from going below zero due to gap-related losses.
Are there any restrictions on forex trading strategies or scalping at Exness?
Exness permits all trading strategies, including scalping, hedging, and automated trading. There are no restrictions on holding periods, trade frequency, or profit targets for forex positions.
