Exness account types — what is calculable before opening — Pakistan
Part of the arithmetic behind an account type is fixed and can be worked out in advance. The rest only exists once orders start going through it.
Open Exness Account →Choosing an account type splits into two lists. One is arithmetic that needs no account at all: the nominal behind a lot, the volume step, the required margin for a planned volume, and the shape of the cost model. The other cannot be computed in advance by anybody: the price an order fills at, how the same instrument behaves at a larger size, and how often orders will be sent.
Calculated in advance, observed later
- The contract size behind one lot belongs to the instrument, so a lot is the same nominal quantity whichever type is opened.
- The smallest order and the volume step are published limits, so the smallest position is known before an account exists.
- Required margin is arithmetic — nominal divided by the leverage on the account — and can be worked out for any planned volume in advance.
- The cost model of a type is a structure: a spread alone, or a spread plus a per-lot commission. The structure is known in advance; the amount is not.
- The price an order fills at is produced at the moment it is sent, so no price list can quote it beforehand.
- How the same instrument behaves at a larger volume is answered by the order history, not by the catalogue.
- Trading frequency is supplied by the trader, and it decides how much any per-order charge matters.
Two halves of the same decision
| Value | Known before opening | How it becomes known |
|---|---|---|
| Contract size behind one lot | Yes | Instrument specification |
| Minimum volume and volume step | Yes | Published order limits |
| Required margin for a planned volume | Yes | Nominal divided by leverage |
| Cost model of the type | As a structure | Spread alone, or spread plus a per-lot commission |
| Fill price of an order | No | Produced at the moment the order is sent |
| Behaviour at a larger volume | No | Read from the order history |
| Trading frequency | No | Chosen by the trader once work begins |
Arithmetic that needs no account
The nominal of a position is the contract size of the instrument multiplied by the volume, and the required margin is that nominal divided by the leverage. Both inputs are published and neither of them depends on which type is eventually opened, so this part of the decision can be finished on paper.
The same is true of order limits. The smallest volume and the step between volumes are stated in advance, which fixes the granularity of every position that will ever be sent. The trading calculator and the lot size calculator perform exactly these steps.
What a type adds on top is a structure, not a number: either the spread carries the whole charge, or the spread is narrower and a per-lot commission is charged beside it. Knowing the structure is enough to rank types by volume and frequency; knowing the amount is not available yet.
The half that the first weeks answer
Three things stay unknown until orders exist. The first is the gap between the price intended and the price filled, which is visible only in the order history. The second is how the same instrument behaves when the volume is raised. The third is the trader’s own frequency, which turns a per-order charge into either a rounding error or the main line of the cost.
None of the three is a property of the account type, and none of them can be read from a comparison table. They are measurements, and they need a record: the same instrument, the same conditions, two volumes, and a count of orders per week.
Why the two halves get mixed up
A price list looks like a complete answer because every line in it is a number. The lines describe the structure honestly, but half the quantities that decide the outcome are produced after the account exists, and no rearrangement of the table brings them forward.
The practical order is therefore: finish the arithmetic, choose the type by structure, then treat the first month as the measurement that closes the other half.
Finishing the calculable half before opening
- Write down the instrument and the volume you expect to use most often.
- Read the contract size for that instrument and multiply it by the volume to get the nominal of one position.
- Divide the nominal by the leverage you intend to use — that is the required margin per position.
- Multiply by the number of positions you expect to hold at once and compare the result with the amount you plan to fund.
- Only then rank the types by cost structure, because a per-lot charge and a spread-only model rank differently at different volumes and frequencies.
Every step above uses published values and arithmetic; none of them needs an open account.
The half that has to be observed
| What to observe | Where it is read | When it starts to mean something |
|---|---|---|
| Gap between intended and filled price | Order history | After a few dozen orders |
| Behaviour of one instrument at a larger volume | Same instrument, two volumes, same conditions | After the larger size has been used repeatedly |
| Orders sent per week | Account statement | After a full month of ordinary work |
| Margin level at the busiest moment | Terminal | The first time several positions are open together |