Forex Trading on Exness

Forex Trading Basics on Exness for Pakistani Traders

Exness provides Pakistani traders access to over 60 currency pairs through a regulated online platform. Trading occurs 24/5, with minimum deposit of just $1 (approximately 280 PKR) and leverage up to 1:2000 on select pairs. All trades execute through MetaTrader 4 and MetaTrader 5 platforms. While PKR isn’t available as a base currency, local payment methods accommodate deposits and withdrawals with automatic conversion.

Setting Up an Exness Forex Trading Account in Pakistan

To create an account, visit the official website and click “Open Account.” Enter your name, email, and Pakistani phone number (+92). Verify your email, then select your preferred account type from Standard, Raw Spread, or Zero options. Complete verification by submitting:

1. Government-issued ID (CNIC, passport, or driver’s license)
2. Proof of residence (utility bill or bank statement)
3. Selfie with ID (if requested)
4. Phone verification

Verification typically completes within 24 hours.

Depositing Funds Using Pakistani Payment Methods

After verification approval, Pakistani traders can fund their Exness forex accounts through several locally available methods. To deposit, log into the Personal Area and click the “Deposit” button. Select the preferred payment method from options including bank wire transfers, online banking, e-wallets (like Skrill or Neteller), and cryptocurrencies. For bank transfers from Pakistani accounts, enter the amount (minimum $10 or equivalent) and complete the transfer using the provided banking details. Online banking transfers through participating Pakistani banks typically process within 1-2 business days. E-wallet transfers offer faster processing, usually within minutes, with services like Perfect Money and WebMoney available to Pakistani residents. Cryptocurrency deposits provide another efficient option, with Bitcoin, Ethereum, and Tether supported for instant funding. After initiating a deposit, the transaction status appears in the “Finances” section of the Personal Area. Most electronic payment methods reflect in accounts immediately, while bank transfers may require 1-3 business days to process. Exness charges no deposit fees, though third-party providers might apply their own transaction charges. Pakistani traders should verify all payment details before confirming transactions.

Installing Trading Platforms for Forex Trading

Download MT4 or MT5 through Personal Area under “Platforms.” System requirements include Windows 7+ or macOS 10.12+ with 4GB RAM. After installation, enter server details (Exness-Real), account number, and password. Mobile traders can download apps from Google Play Store or Apple App Store.

Trading Currency Pairs on Exness in Pakistan

Access currency pairs categorized as majors, minors, and exotics. To place a trade, locate the desired pair in “Market Watch,” right-click and select “New Order” or press F9. Enter trade volume, order type, and optional Stop Loss/Take Profit levels. Click “Buy” for long positions or “Sell” for shorts. Pending orders allow setting entries at future price levels. Modify positions by right-clicking them and selecting “Modify or Delete Order.”

Understanding Forex Spreads and Costs on Exness

Standard Accounts offer variable spreads from 0.3 pips with no commission. Raw Spread and Zero Accounts provide tighter spreads (from 0 pips) but charge $3.5 per lot per side ($7 round trip). Overnight positions incur swap charges based on interest rate differentials. Triple swaps apply on Wednesday.

Implementing Risk Management for Pakistani Forex Traders

Limit risk to 1-2% of account balance per trade. To calculate lot size:

1. Determine maximum risk amount
2. Set stop loss distance in pips
3. Calculate: Lot size = Risk amount ÷ (Stop loss pips × Pip value)
4. Adjust for currency pair specifications

Always use stop losses and maintain risk-reward ratios of at least 1:2.

Technical Analysis Tools for Forex on Exness Platforms

MetaTrader includes over 50 built-in indicators accessible via “Insert” → “Indicators.” Multiple chart types and timeframes are available. Customize charts by right-clicking and selecting “Properties.” Drawing tools help identify support/resistance levels and patterns. Save configurations as templates for consistent application.

Creating Custom Indicators and Trading Systems

Create custom indicators using MQL4/MQL5 through MetaEditor (F4). Alternatively, access pre-built indicators through the MQL5 Community by selecting “Tools” → “Options” → “Community.” Test indicators before live implementation using Strategy Tester (Ctrl+R).

Fundamental Analysis for Forex Trading on Exness

Monitor economic indicators through the integrated calendar (Tools → Calendar). Events display with their impact level and expectations in Pakistan local time. Key factors influencing forex markets:

1. Interest rate decisions
2. GDP growth figures
3. Inflation statistics
4. Employment reports
5. Central bank communications

Trading News Events in the Forex Market

News trading approaches include trading the immediate announcement or waiting for market reaction. Consider reducing position sizes by 50% during news events.

Advanced Forex Trading Features on Exness

Enable one-click trading through “Tools” → “Options” → “Trade.” VPS services allow continuous platform operation, beneficial for automated strategies or during internet outages. Copy Trading lets traders replicate positions of successful traders automatically through Personal Area.

Using Expert Advisors for Automated Forex Trading

Implement EAs by dragging them from Navigator to the chart. Enable automated trading through “Tools” → “Options” → “Expert Advisors.” Acquire EAs through:

1. MQL5 Market
2. Third-party developers
3. Custom development
4. Self-creation using MQL4/MQL5

When evaluating EAs, examine profit factor, maximum drawdown, and recovery factor.

Withdrawal and Account Management for Pakistani Traders

Pakistani traders can withdraw funds from their Exness accounts through the same methods used for deposits. To initiate a withdrawal, log into the Personal Area and navigate to the “Withdraw Funds” section. Select the desired withdrawal method, enter the amount, and provide any required payment details. Withdrawal requests process within 24 hours, though actual receipt time depends on the selected payment method. Exness requires withdrawals to match the deposit method used (up to the deposited amount) to comply with anti-money laundering regulations. For instance, if funds were deposited via bank transfer, the initial withdrawal must use the same bank account up to that deposited amount. Any profits beyond the deposited amount can be withdrawn through alternative methods if desired. Pakistani traders should verify withdrawal limits and processing times for their preferred payment methods before initiating transactions.

Security Measures for Forex Trading Accounts

Protect your account using two-factor authentication, strong passwords, security updates, and secure networks. Contact Exness support immediately if suspicious activity occurs.