Exness Minimum Deposit

The minimum deposit required for trading on Exness in Shillings is TZS 27,200 ($10), and this amount is exclusively applicable to standard account types and when depositing via cards or e-wallets.

It’s crucial to keep in mind that the minimum deposit increases when you trade with any of the professional accounts. In this article, we have provided an all-encompassing guide on Exness minimum deposit in Tanzania. The guide covers all of their accounts. We also covered how to deposit your funds.

How Much is Exness Minimum Deposit in Tanzania?

Exness support different kinds of trading account according and varying minimum deposits.

Let us break them down.

1) Standard Accounts

The minimum deposit for Exness Standard Accounts varies based on the deposit method you choose. However, the minimum deposit amount available for all deposit methods is $10 (TZS 27,200).

There are two types of standard accounts that you can trade with on Exness, namely the Standard Account and the Standard Cent Account. These accounts are best for beginners who may want to test their trading skills on a live account with smaller amounts.

2) Professional Accounts

Exness Professional Accounts require a minimum deposit of $500. In Shillings, that will be TZS 1.3 million. These accounts are designed for experienced traders who are comfortable trading with larger sums and have honed their skills.

Exness offers various types of Professional Accounts such as Zero Account, Raw Spread Account, and Pro Account to cater to diverse trading needs.

Though these accounts are called professional accounts, they are not the standard accounts for institutional traders. They are for retail traders who are experienced.

3) Portfolio Management Accounts

To open a Social Pro (Portfolio management) Account, a minimum deposit of $500 (TZS 1.3 million in Tanzania) is required.

However, for the Pro (Portfolio Management) Account, no minimum deposit is applicable.

The Portfolio Management accounts are designed for eligible accounts that require the services of a portfolio manager.

4) Social Accounts

Exness minimum deposit for Social Standard account is $500 (TZS 1.3 million), and the Social Pro Account has a minimum deposit of $2,000 (TZS 5.4 million in Tanzania).

The social accounts are for strategy providers who wish to make money by sharing their trading strategies.

Exness Deposit Methods and Required Fees in Tanzania

To fund your Exness account, you can choose from various deposit methods and make a deposit of any amount above the minimum required for your preferred method.

It’s worth noting that if the minimum deposit for your account type is higher than the minimum deposit for your deposit method, you’ll still need to deposit the minimum amount required for your Exness account type.

Bank Cards
Minimum deposit for a bank card is $10 (TZS 27,200) and within 30 minutes of sending the money, you should see it in your Exness account.

Withdrawal using this method takes about 24 hours and has a minimum withdrawal amount of $3 (TZS 27,200).

Skrill
When depositing with Skrill, you need a minimum deposit of TZS 27,200 ($10) and this method has a deposit speed of 30 minutes.

You can withdraw a minimum amount of $10 (TZS 27,200) with this method and withdrawal takes up to 24 hours.

Neteller
The minimum deposit amount for Neteller is $10 (TZS 27,200) and it also takes about 30 minutes for the money to reflect in your Exness account.

For withdrawal, the minimum amount is $4 (TZS 10,880) and it takes up to 24 hours.

Perfect Money
Like other methods, Perfect Money has a minimum deposit of $10 (TZS 27,200) and a transaction speed of 10 minutes.

You can withdraw as low as $2 (TZS 5,440) and withdrawal takes about 24 hours.

Stic Pay
Stic Pay has a minimum deposit of $10 (TZS 27,200) and a speed of 30 minutes for deposit.

The minimum amount for withdrawal is $1 (2,720) and it takes about 24 hours

Exness Deposit Rules

Here are some key rules to always keep in mind when depositing money into your Exness account:

1)Exness does not charge a deposit or withdrawal fee. However, the third party funding platform you are using like your bank may charge you some fees.

2)You can deposit and withdraw money from your trading account at any day and time. However in a situation where deposit or withdrawal is not instant, you may have to wait for up to 24 hours.

3)You must deposit from or withdraw to your personal account. Exness will not receive payment from a third party account to your trading account nor will they pay to any third party account.
When you deposit in a currency that is not the same as your account base currency, you will have to pay a conversion fee.

How to Deposit Money Into Your Exness Account

Here is a step by step guide on how to deposit money into your Exness account.

1) Visit your Personal Area on your trading platform

2) In your Personal Area, click on ‘Deposit’ on the left side of the page

3) Select a payment option, for Tanzania, its best to select a payment method.

The payment options that will be displayed on your screen are those that are available to your country. If you need to deposit instantly, switch on ‘instant only’ so that the only payment options that will be displayed on your screen are those with instant speed.

4) You will be taken to a page where you will select your phone network provider, then enter the amount you want to deposit, and choose the account you want to fund. You will receive a text message on your phone with the direction to complete the deposit. When the payment is confirmed, you will be notified.

Step 5) After you complete the steps above, your Exness trading account is credited with the deposited funds.

After you have successfully completed the transaction, you can view your transaction history on your Personal Area.

Comparison Of Exness Minimum Deposit With Other Brokers

Here is how Exness compares with their competitors for minimum deposit.

Frequently Asked Questions