Account Types for Forex and CFD Trading with Exness in Tanzania

Understanding Exness Trading Account Structure in Tanzania

Our company offers various account types tailored to Tanzanian traders aiming to access both forex and CFD markets. These accounts cater to different trading styles and experience levels. We provide five main account categories with diverse minimum deposits, spread formats, and execution models. Standard and Standard Cent accounts start with a low $10 deposit (about TZS 28,000), ideal for traders new to the market. Pro, Zero, and Raw Spread accounts require a $200 minimum (approximately TZS 570,000) designed for advanced traders.

All accounts allow trading in micro and standard lots. The Standard Cent account uses cent denomination, turning $10 into 1,000 cents for finer trade sizing. We support MetaTrader 4 and 5 platforms across all account types, ensuring consistent tools and features. Local currency options include TZS, USD, EUR, and GBP. Deposits via popular Tanzanian mobile money services like M-Pesa, Tigo Pesa, and Airtel Money simplify funding. Bank transfers and international e-wallets remain available for larger deposits.

Each account type supports both forex and CFD products, allowing Tanzanian traders to diversify portfolios. We maintain transparent pricing and flexible leverage options across all accounts. Our platform integrates local payment options to facilitate seamless deposits and withdrawals.

Standard Account Features for Tanzanian Traders

Standard accounts provide commission-free trading with fixed spreads starting from 1.0 pip on EUR/USD. This structure offers predictable trading costs without hidden fees. Traders can access a full range of major currency pairs, commodities, and indices. Leverage goes up to 1:2000 for forex pairs but automatically reduces to 1:200 during high volatility to protect client funds. This automated risk management activates during specific UTC hours when markets are prone to sharp price movements.

Opening Standard Account Process

To open a Standard account, complete the online registration form providing valid Tanzanian ID such as NIDA, passport, driver’s license, or voter card. Document verification occurs within 24 hours on business days. After verification, fund your account via M-Pesa by selecting the mobile money deposit option. Enter your M-Pesa number and deposit amount in USD equivalent; the platform converts TZS to USD in real time. Download MetaTrader 4 or MetaTrader 5 from our site or app stores and log in with credentials received by email. The Standard account will appear in your platform account list ready for trading.

Standard Account Trading Conditions

Fixed spreads remain constant irrespective of market conditions or sessions. EUR/USD typically holds 1.0 pip spread during London and New York hours. GBP/USD averages 1.5 pips, and USD/JPY around 1.2 pips. We execute market orders within an average of 0.3 seconds without requotes. Stop loss and take profit orders trigger automatically upon reaching set price levels, ensuring risk control and profit securing.

Standard Cent Account Specifications

Standard Cent accounts mirror Standard account features but use cent currency units. A $10 deposit translates to 1,000 cents, allowing precise trade sizing with minimal risk. Profit and loss calculations occur in cents, making it ideal for traders testing strategies with reduced exposure. A 10-pip gain on 0.01 lots equals 10 cents instead of a dollar, facilitating safer market experience.

Cent Account Deposit Methods

Tanzanian clients fund Cent accounts using M-Pesa, Tigo Pesa, or Airtel Money. Mobile money deposits convert TZS directly into cents at current exchange rates. The minimum mobile money deposit matches $10 or 1,000 cents (TZS 28,000). Deposits process within 15 minutes during business days; weekends may have delays due to operator schedules. Bank transfers are available for larger deposits, with local banks wiring funds directly to our segregated accounts. Bank details and references get provided during deposit initiation.

Professional Account Types Overview

Our Pro, Zero, and Raw Spread accounts cater to skilled traders requiring tighter spreads and advanced execution conditions. These accounts require a minimum deposit of $200 (TZS 570,000) and offer superior trading environments for high-volume and automated strategies. Pro accounts feature variable spreads starting at 0.6 pips on EUR/USD without commissions. Zero accounts provide near-zero spreads combined with a small commission per lot. Raw Spread accounts offer the tightest spreads beginning at 0.0 pips plus transparent commissions.

All professional accounts support Expert Advisors (EAs), scalping, hedging, and high-frequency trading. Maximum trade size can reach up to 200 lots depending on liquidity. Benefits include variable spreads, priority execution during volatile periods, faster support, premium market analysis, dedicated account managers, and enhanced risk management tools.

Zero Account Trading Environment

Zero accounts employ ECN technology, connecting traders with top-tier liquidity providers for direct market access. EUR/USD spreads start at 0.1 pips, with commissions of $3.50 per lot. This setup ensures transparent pricing and no dealer intervention in order execution. Liquidity originates from banks, hedge funds, and institutional traders, creating deep order books and efficient fills. Execution speed averages 0.1 seconds on major pairs during active sessions.

Zero Account Commission Structure

We charge $3.50 commission per standard lot on major forex pairs. Minor and exotic pairs incur $5.00 per lot. Commodity CFDs like gold and oil carry $4.00 commission per lot. Stock CFDs have commissions based on underlying exchanges: US stocks charge 0.02% with a $1 minimum, European stocks 0.05% with €1 minimum. Commissions appear separately in MetaTrader trade tickets and are deducted upon trade opening.

Zero Account Order Execution

The ECN model matches orders with other market participants without dealer interference. Liquidity aggregation ensures consistent fills even during volatile news events. Our servers, located worldwide, minimize latency for Tanzanian clients. Thousands of orders process per second maintaining stable performance.

Raw Spread Account Professional Features

Raw Spread accounts provide direct interbank spreads from 0.0 pips plus transparent commissions. This environment suits high-frequency and volume traders seeking minimal trading costs. Spread levels vary with liquidity provider quotes and market conditions, often between 0.0 to 0.2 pips during London session overlaps. Orders route to tier-one bank venues guaranteeing no conflicts of interest commonly seen with market makers.

Key features include true ECN execution, institutional-grade spreads, transparent commissions, priority routing during news, advanced order types like iceberg and hidden orders, plus real-time market depth data.

Raw Spread Pricing Model

We source raw prices directly from liquidity providers including major banks. Prices reflect actual market supply and demand. Commission fees remain fixed at $3.50 per lot for major forex and $7.00 per lot for exotic pairs. Commissions apply separately on opening and closing trades for full cost transparency.

Account Opening Requirements for Tanzania

Tanzanian traders must provide valid identification such as NIDA, passport, driver’s license, or voter card to open accounts. We comply with local and international compliance standards. Document verification completes within one business day. Proof of residence dated within three months is mandatory, accepted documents include utility bills, bank statements, or rental agreements.

Document Verification Process

Upload clear scans or photos of required documents via your personal area. Our team manually verifies submissions to confirm authenticity. Additional documents may be requested if initial uploads lack clarity. Professional accounts with $200 deposits require enhanced due diligence including income and experience verification. Employment proof is necessary for some account types and deposit levels, accepted via salary slips or employer letters. Self-employed clients submit business registration or tax returns.

Mobile Money Integration

We integrated M-Pesa, Tigo Pesa, and Airtel Money directly for deposits. This allows Tanzanian traders to fund accounts quickly without visiting banks. Deposits during business hours credit accounts instantly. Weekend or holiday deposits may experience delays depending on mobile network processing schedules. We provide estimated processing times during deposit steps.

Platform Access and Trading Tools

All accounts grant full access to MetaTrader 4 and MetaTrader 5 platforms. We also provide a web terminal for browser trading and mobile apps for iOS and Android devices. Trading tools include advanced charting with over 80 indicators and drawing tools. Expert Advisors support automated trading. Copy trading features enable replicating positions of successful traders.

Trading Instrument Availability

Exness supports over 120 instruments including forex, commodities, stocks, and cryptocurrencies. Forex covers major, minor, and exotic pairs with competitive spreads. Commodity CFDs include gold, silver, crude oil, and agricultural products. Stock CFDs represent shares from major US, European, and Asian exchanges with real-time quotes. Dividend adjustments apply automatically on ex-dividend dates. Cryptocurrency CFDs such as Bitcoin, Ethereum, and Litecoin trade 24/7 with leverage up to 1:100. Prices derive from major exchange rates ensuring accuracy.

Risk Management and Account Protection

Our platform enforces risk controls to protect accounts from excessive losses. Stop-out triggers occur when equity falls below 20% of margin, preventing negative balances. We implement negative balance protection across all accounts, resetting negative balances to zero automatically without extra fees. This ensures Tanzanian traders only risk deposited funds.

Margin Requirements and Leverage

Leverage adjusts dynamically based on equity and position size. New accounts receive maximum leverage, which decreases as trade size grows. This promotes prudent risk management. Margin calls activate when equity nears minimum levels, with alerts sent via email and platform notifications. Leverage caps depend on instrument volatility; major forex pairs allow up to 1:2000, stock CFDs up to 1:20, and commodities and cryptocurrencies intermediate levels.