How To Change Currency On Exness
For traders in India, managing account settings correctly is essential to a smooth trading process. One of the most important settings is the choice of account currency. Knowing How To Change Currency On Exness can help you organize your finances better, avoid unnecessary conversions, and plan your trading activity more efficiently.
This article walks through the steps involved, explains what is and isn’t possible, and highlights how Indian users can manage multiple accounts with different currencies if needed.
Understanding Account Currency on Exness
Your account currency determines how balances, profits, commissions, and other values are shown in your trading account. Choosing a base currency that matches your preferred deposit method or trading focus can help simplify your financial calculations.
List: Reasons to Consider Changing Currency
- Using INR for easier management of deposits and withdrawals
- Avoiding currency conversion charges on deposits
- Keeping reports and account history in your familiar currency
- Simplifying profit/loss evaluation in your home currency
Can You Change the Currency of an Existing Account?
No, you cannot change the currency of an already opened Exness trading account. Once the account is created, the currency is fixed. If you want to use a different currency, you’ll need to create a new trading account within your existing Exness Personal Area.
Steps to Open a New Exness Account with a Different Currency
You can open additional accounts with different currencies without creating a new profile. The process is fast and does not require separate verification.
Table: Step-by-Step Process
Step | Action |
---|---|
Step 1 | Log in to your Exness Personal Area |
Step 2 | Click “Open New Account” |
Step 3 | Select account type (e.g., Standard, Pro) |
Step 4 | Choose your desired currency from the dropdown list |
Step 5 | Set your leverage and create a strong trading password |
Step 6 | Confirm and create the account |
The new account will now appear in your dashboard and will operate independently from your other accounts.
Managing Multiple Accounts with Different Currencies
Exness allows you to have multiple trading accounts in different currencies. This can be useful if you deal with both INR and USD, or if you want to test strategies separately.
List: Tips for Managing Multiple Currencies
- Label each account clearly so you don’t mix them up
- Track your transfers manually or with simple spreadsheets
- Avoid unnecessary transfers between currencies to reduce fees
- Use each account for different instruments if that fits your plan
- Watch exchange rates when moving funds across accounts
Considerations When Using Different Currencies
While multiple currencies offer flexibility, it’s important to be aware of some practical trade-offs.
Table: Currency Management Considerations
Factor | What to Know |
---|---|
Conversion Costs | Applies when moving funds between accounts with different currencies |
Deposit Currency Matching | Helps avoid auto-conversion fees |
Account Reporting | Balances shown in selected account currency |
Withdrawal Methods | Some methods only support specific currencies |
Margin and P/L Display | Always calculated in the base account currency |
Planning ahead helps reduce confusion and manage your capital more effectively.
Conclusion
Understanding How To Change Currency On Exness is important if you want your trading setup to match your financial habits and strategy. While you can’t change the currency of an existing account, you can easily create a new one with your preferred currency inside your Personal Area.
Managing multiple accounts is not complicated when done properly. Just pay attention to conversion costs and label your accounts clearly. This gives you more control and flexibility without affecting your overall experience with the platform.
FAQ
1. Can I change the currency of an existing Exness account?
No, but you can open a new trading account with a different currency within the same profile.
2. How many accounts can I have on Exness?
You can have multiple trading accounts with different settings and currencies.
3. Is INR available as an account currency?
Yes, INR is available when opening a new account, along with many other currency options.
4. Will I pay fees when converting between currencies?
Yes, currency conversions during transfers between accounts may involve a small conversion cost.
5. Can I withdraw funds in a different currency than my account base currency?
Yes, but the platform may convert the amount, and standard conversion rates will apply.