We will explain margin calls and forced stop-loss levels in Exness trading. There is also a possibility that you may suddenly be forced to make a loss cut. If you don’t understand the loss cut rules and what the loss cut level is, you won’t be able to get good results.
- Exness Basic Information
- Exness Overview and Features
- Does Exness employ a zero-cut system, meaning no margin calls?
- Is the Stop-Out Level 0%?
- The Flow from Margin Call to Zero Cut Execution
- How to Calculate a Stop-Loss
- How to Prevent Stop-Outs in Exness
- Frequently Asked Questions about Zero Cut and Stop-Loss
- Q1. Does Exness really employ zero-cut? Are there no margin calls?
- Q2. What is Exness’s stop-out level (Stop Out)?
- Q3. At what percentage does a margin call occur?
- Q4. When does a stop-out occur?
- Q5. When is zero-cut reflected?
- Q6. Is it okay to deposit money immediately after a negative balance occurs?
- Q7. Is it possible for a balance to be positive but not zero-cut?
- Open an account for free
Exness Basic Information
| Company Name | Exness Group (based in Cyprus and other countries) |
| Year of establishment | 2008 |
| Eligible products | CFDs (contracts for difference) for FX (foreign exchange), precious metals, energy, stock indexes, stocks, cryptocurrencies, etc. |
| Supported tools | MetaTrader 4 / MetaTrader 5 (MT4/MT5), Web Terminal, Exness App, etc. |
| Regulations and Licenses | FCA (Financial Conduct Authority) CySEC (Cyprus Securities and Exchange Commission) FSA (Seychelles Financial Services Authority) FSCA (South Africa) / CBCS (Curaçao) |
| Fund management/protection | Customer funds are managed separately from the operating company’s funds |
| Leverage | 2000 times |
| Account Type | Standard Standard Cent Pro Raw Spread Zero |
| Spread | 0.2〜0.4 pips |
| Deposits and Withdrawals | Credit cards, domestic/international remittances, various electronic wallets, cryptocurrencies |
Exness Overview and Features
Exness is an overseas FX/CFD broker whose strengths lie in “high leverage, low costs, and account flexibility.” Among FX accounts, it offers a comfortable trading experience, narrow spreads, and smooth deposits and withdrawals.
However, despite its attractive features, its leverage risk and the fact that it is not registered with the Japanese Financial Services Agency are drawbacks.
While there are no special campaigns or bonuses currently offered, you can check detailed information about standard features, functions, and rates from the homepage. Many account types are suitable for professionals.
Exness Overview
Exness is a multi-asset broker founded in 2008, handling FX, precious metals, energy, stock indices, individual stocks, and cryptocurrency CFDs.
Officially, it highlights its technology-driven trading environment and proprietary features (e.g., high-speed withdrawals and unique protection features).
1) Its greatest feature is “extremely high leverage.”
Exness offers unlimited leverage (1:Unlimited) if certain conditions are met.
Normally, the maximum is 1:2000, and the upper limit changes depending on the account balance (effective margin). For example, accounts under 5,000 USD may be eligible for unlimited leverage.
Who is it suitable for?
Those who want to trade efficiently with small amounts of capital
Those who want to engage in scalping or short-term trading
Points to note
Losses can escalate rapidly, not just profits
It is dangerous for beginners to use high leverage right away
2) Abundant account types
Exness offers five account types in total, broadly divided into Standard and Professional series.
The following are representative examples:
Standard: Beginner-friendly. Easy to use with no commissions
Standard Cent: Easy to practice with very small amounts
Pro: For discretionary trading. Low spreads
Raw Spread: Emphasizes narrow spreads
Zero: Emphasizes extremely small spreads for some instruments
In short, it is a configuration that is easy to use, from beginner practice to advanced trading for serious users.
3) Relatively good spreads and trading costs
The Standard account is easy to use with “no commissions,” while Pro/Raw Spread/Zero aim for even narrower spreads.
For example, the official help section states that Standard accounts start at 0.2 pips, and Pro accounts start at 0.1 pips.
Rough Selection Guide
Simplicity-focused → Standard
Short-term trading-focused → Pro / Raw Spread / Zero
4) Easy to use with MT4/MT5 compatibility
Exness supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
In addition, there are Exness Terminal and Exness Trade apps, making trading easy on both PCs and smartphones.
Advantages
Easy to use EAs (automated trading) (MT4/MT5)
Easy to trade even on a smartphone
Easy to use for both discretionary and automated trading
*However, EAs cannot be used with Exness’s proprietary platform accounts; EAs are for MT4/MT5 accounts only.
5) Wide range of tradable instruments
Exness offers a wide range of CFD products, including the following:
FX currency pairs
Precious metals such as gold and silver
Energy such as crude oil
Stock indices
Individual stock CFDs such as US stocks
Cryptocurrency CFDs
Therefore, it is well-suited for “people who want to trade not only foreign exchange but also other markets with one company.”
6) Easy to start with small amounts
Exness allows trading from very small units (such as 0.01 lot) depending on the account type.
The Standard series is especially beginner-friendly, designed to be easy to start with a low barrier to entry.
This is particularly suitable for:
FX beginners
People who want to start small while testing
People who want to use unlimited leverage “cautiously with small capital”
Does Exness employ a zero-cut system, meaning no margin calls?
Exness is a broker that fundamentally employs a “zero-cut (negative balance protection) system = no margin calls.”
In other words, under normal circumstances, you won’t incur debt (the obligation to make additional deposits) exceeding your initial deposit.
To put the zero-cut system simply:
For example:
Account balance: 10,000 yen
Loss due to sudden fluctuation: 15,000 yen
Normally, this would result in a -5,000 yen loss, but Exness doesn’t charge this -5,000 yen to the account; instead, it resets the balance to 0.
This is what’s known as zero-cut = no margin calls.
Exness also employs “0% stop-out.”
A characteristic of Exness is that the stop-out level is set to 0% for many account types.
Furthermore, the official help section mentions Stop Out 0% for Standard / Pro / Raw Spread / Zero accounts, etc.
What this means:
While typical brokers often force a stop-loss when the margin maintenance ratio falls to around 10-30%, Exness allows you to hold positions much closer to the limit.
Advantages:
Easier to withstand with small capital
Suitable for high-leverage, short-term trading
Disadvantages:
Because you can hold positions until the limit, your account can be wiped out quickly
Even with “no margin call,” total loss of funds is still possible
No margin call even with a Zero account?
Basically, there is no margin call even with a Zero account.
For Exness Zero accounts, the following can be confirmed on the official help page:
Leverage: 1: Unlimited
Margin Call: 30%
Stop Out: 0%
Furthermore, because Exness’s overall system includes negative balance protection, you can basically consider Zero accounts to be subject to zero-cut.
Is the Stop-Out Level 0%?
Exness’s stop-out level is basically 0%.
In other words, forced liquidation is triggered when the margin maintenance ratio reaches 0%.
What does this mean?
The margin maintenance ratio is roughly calculated using the following formula:
Margin Maintenance Ratio = Effective Margin (Equity) ÷ Required Margin (Margin) × 100
In Exness, positions are generally maintained until this value reaches 0%.
Many other companies trigger stop-outs at 20% to 50%, so this design allows for a much closer to the limit.
Stop-Out Levels by Account Type
According to Exness’s official help, the Stop-Out levels for major account types are as follows:
| 口座タイプ | マージンコール | ロスカット水準 |
|---|---|---|
| Standard Cent | 60% | 0% |
| Standard | 60% | 0% |
| Pro | 30% | 0% |
| Raw Spread | 30% | 0% |
| Zero | 30% | 0% |
This means that not only Zero accounts, but also Standard/Pro accounts are basically 0%.
However, “0% doesn’t mean safe”
This is quite important.
While a 0% stop-loss may seem advantageous, in reality, it’s a structure that makes your account more susceptible to being wiped out.
Advantages
Less likely to be stopped out early by temporary adverse movements
Suitable for high-leverage, short-term trading
Slightly more tolerant of widening spreads
Disadvantages
Because it holds until the very last moment, it’s easy to lose everything in one go
When combined with unlimited leverage, account collapse is possible in seconds
Even with “no margin call,” your funds aren’t protected
In other words,
a slow stop-loss = sometimes you’re more likely to be saved, but the way you lose is also more dramatic
The Flow from Margin Call to Zero Cut Execution
Exness’s “Margin Call → Stop Out → Zero Cut (Negative Balance Reset)” has a clear sequence.
Furthermore, Exness’s stop-loss level is basically 0%, meaning positions remain open much closer to the limit than other companies.
① Increased Unrealized Losses and a Decrease in “Margin Maintenance Ratio”
First, when the market moves against you, your effective margin (Equity) decreases.
As a result, the margin maintenance ratio (Margin Level) also decreases.
Calculation Formula
Margin Maintenance Ratio = Effective Margin ÷ Required Margin × 100
This number is extremely important in Exness.
② Margin Call Occurs
Next, when the margin maintenance ratio falls to a certain level, a margin call is issued.
This is a warning stage indicating that you have entered a “danger zone.” At this point, forced liquidation usually does not occur immediately.
Exness Margin Call Levels
Standard / Standard Cent: 60%
Pro / Raw Spread / Zero: 30%
What’s Happening at This Stage
New orders become difficult/risky to place
The account is still active
There’s a chance of saving if you take action here
Actions You Can Take at This Stage
Reduce lot size
Manually close some positions
Make additional deposits
Stop hedging or averaging down and consolidate your positions
In short, a margin call is the “final warning.”
③ Further deterioration leads to “Stop Out”
If unrealized losses continue to increase and the margin maintenance ratio reaches 0%, Exness will trigger a Stop Out.
Exness officially explains that automatic closing begins when the Margin Level reaches 0% or Equity reaches 0.
Characteristics of Exness Stop Out
In Exness, stop out doesn’t necessarily mean closing all positions at once.
Positions are automatically closed “starting with the least profitable position.” Then, positions are closed sequentially until the margin maintenance ratio rises above 0% again.
In other words, this is what actually happens:
First, the riskiest position is closed.
If that’s still not enough, the next position is closed as well.
If the maintenance ratio recovers, some positions remain.
If it doesn’t recover, everything may ultimately be wiped out.
This is why, “While 0% can sometimes save you until the end, when it does, it can all be wiped out at once.”
④ “Zero Cut” if account balance is negative after stop-loss
If your balance becomes negative as a result of a stop-loss, Exness’s zero-cut (Negative Balance Protection) is activated.
What happens with zero-cut?
For example:
Account balance: $100
After stop-loss due to sudden fluctuation: -$50
In this case, Exness does not charge the -$50, but instead resets the account balance to 0.
This is what “no margin call” means.
⑤ Zero-Cut Execution (D-null / Null Operation)
Exness calls this process of returning a negative balance to 0 a “Null Operation.”
It will be displayed as “D-null” in the transaction history.
Key Points
Automatic Processing
Usually executed immediately after a stop-loss
Cannot be executed manually
The account will not become unusable
In other words, the process is as follows:
Margin Call → Stop Out → If the balance is negative, D-null → Balance returns to 0
This is the general idea.
How to Calculate a Stop-Loss
Exness calculates stop-loss based on the “Margin Level.”
In short, a stop-loss occurs when this maintenance level reaches Exness’s Stop Out level (usually 0%).
Exness’s Basic Formula
Margin Level = Effective Margin ÷ Required Margin × 100
When this value reaches 0%, Exness generally triggers a stop-out.
Balance
This is the sum of the deposit amount and realized profit/loss.
Unrealized profit/loss that has not yet been closed is not included.
Effective Margin
This is the actual “current account strength.”
The formula is:
Equity = Balance + Floating Profit/Loss (Floating P/L)
Required Margin
This is the margin held to maintain the current position.
Exness’s basic calculation is:
Margin = Lot Size × Contract Size ÷ Leverage
(※Some instruments have a fixed margin rule)
Basic Rule
In your account,
Effective Margin ÷ Required Margin × 100 = 0%
This is when a stop-loss occurs.
In practical terms, this means:
When your Effective Margin (Equity) reaches 0, a stop-loss is almost guaranteed.
This understanding is correct.
How to Prevent Stop-Outs in Exness
The key to preventing stop-outs in Exness isn’t “increasing leverage,” but rather these three things:
① Reduce lot size ② Increase surplus margin ③ Avoid risky times.
Don’t “fully utilize” unlimited leverage.
This is extremely important.
Unlimited leverage is “usable,” but not “should be used.”
Exness officially states that unlimited leverage is for experienced traders,
and that Stop Out Protection may not be available.
The correct approach in practice:
You can set it to unlimited.
But the actual lot size should be based on low leverage.
In other words:
Set leverage: Unlimited
Actual operation: Low lot size
This is safe.
Dangerous usage:
“Because it’s unlimited, I can hold 1 lot for 10,000 yen.”
“It will withstand it,” leading to a full position.
Lowering the average price through averaging down.
This is a typical pattern that leads to a stop-out in the shortest time.
Look at “Effective Margin” instead of “Account Balance”
This is where many people make a mistake.
What you should really be looking at is not Balance (account balance), but Equity (effective margin).
This is because stop-loss decisions are based on equity.
Example
Balance: ¥50,000
Unrealized Loss: -¥20,000
At this point, your true financial strength is:
Equity = ¥30,000
In other words,
It’s dangerous not to think “I still have ¥50,000” but “I actually only have ¥30,000.”
Create your own “rules” for margin maintenance ratio
Exness’s stop-loss is at 0%, but
holding down to 0% is too late.
Therefore, if you want to prevent a stop-loss, decide your own exit line.
Recommended Safety Levels
500% or higher: Plenty of margin
300% or lower: Caution advised
200% or lower: Very dangerous
100% or lower: Strongly consider withdrawing
0%: Exness’s forced stop-loss range
Practical Rules
“Stop opening new positions when the margin ratio falls below 200%, reduce positions when it falls below 150%, and withdraw when it falls below 100%.”
A rule like this will significantly reduce accidents.
Fix your loss per trade to “1-2% of your account.”
This is the most “survival-friendly” method.
Those who prevent stop-losses
decide “how much they will lose in one trade” before “how much they will win.”
Example
If your account balance is 50,000 yen:
1% risk → 500 yen
2% risk → 1,000 yen
For example, with USD/JPY,
If you want to cut your losses at a 10-pip adverse movement
If your maximum loss per trade is 1,000 yen
then you need to limit your losses to 100 yen per pip
In other words, around 0.10 lots is a good upper limit.
Limit the number of averaging down trades
One of the biggest reasons accounts are wiped out on Exness is excessive averaging down.
Especially in a 0% Stop Out environment,
“I can still hold on”
“Just one more trade”
“If it goes back up, I’ll be saved”
These thoughts are likely to occur.
However, in reality, averaging down increases both the required margin and the rate of loss simultaneously,
making it a shortcut to a stop-loss.
Safety Rules
Averaging down is limited to a maximum of two times.
A third time is prohibited.
If you add more, use smaller lots than your initial investment.
These rules alone will significantly protect your account.
Frequently Asked Questions about Zero Cut and Stop-Loss
This section summarizes frequently asked questions (FAQs) about Exness’s zero-cut and stop-loss system, focusing only on points that are likely to cause problems in practice.
Q1. Does Exness really employ zero-cut? Are there no margin calls?
Yes, basically, zero-cut means no margin calls.
Exness’s Negative Balance Protection (Negative Balance Protection) means that even if your balance becomes negative after a stop-out, it will usually be reset to zero.
However, there is a point that is easily misunderstood:
No margin calls does not equal safety.
It only means that you are less likely to incur debt; it is still possible to lose your entire deposit.
In other words,
It is a “debt prevention mechanism,” but not a “fund protection mechanism.”
This is the correct understanding.
Q2. What is Exness’s stop-out level (Stop Out)?
For major accounts, it is basically 0%.
According to Exness’s official website, the Stop Out levels for major account types are as follows:
Standard Cent: 0%
Standard: 0%
Pro: 0%
Raw Spread: 0%
Zero: 0%
In other words, automatic settlement will not occur until the margin maintenance ratio (Margin Level) reaches 0%.
Q3. At what percentage does a margin call occur?
A margin call is a warning line indicating “it’s dangerous.”
At Exness, it differs depending on the account type.
Standard / Standard Cent: 60%
Pro / Raw Spread / Zero: 30%
Important
A margin call does not equal forced settlement.
At this point, you can still recover by:
Partial settlement
Additional deposit
Lot size reduction
Withdrawal
Ignoring this will lead to a stop-out.
Q4. When does a stop-out occur?
At Exness, a stop-out generally begins when the margin maintenance ratio reaches 0% or when the Equity (effective margin) becomes 0.
The Stop-Loss Process
Unrealized losses increase
Margin maintenance ratio decreases
Margin call
Further deterioration
Stop-out triggered
If the balance is still negative, zero-cut occurs
In other words, zero-cut occurs after a stop-loss.
Q5. When is zero-cut reflected?
It is usually processed automatically immediately after a stop-loss.
Exness calls this zero-reset process “Null Operation,” and it is displayed as “D-null” in the history.
Where to check
MT4 / MT5 account history
Exness trading history
If “D-null” appears, it means that the negative balance has been corrected to zero.
Q6. Is it okay to deposit money immediately after a negative balance occurs?
Generally, it is not recommended.
Exness officially strongly recommends waiting until the zero-cut process (D-null) is complete.
Why is it dangerous?
Depositing money while your balance is negative can easily lead to practical problems, such as the debt portion, which should be wiped out by zero-cut, being offset against the deposit amount.
Safe Actions
First, wait for a D-null.
If you need to trade urgently, create a new trading account.
If you have already deposited money, contact support.
This is very important.
Q7. Is it possible for a balance to be positive but not zero-cut?
Yes, it is.
This is the most easily misunderstood point.
Exness’s zero-cut is activated when “all positions are stopped out and the balance is negative.”
On the other hand, for example,
Balance is positive
But Equity is negative
And there are still positions open
In this situation, zero-cut does not apply.
In other words
Negative balance after everything is closed → Eligible for zero-cut
Unrealized losses while still holding positions → Not eligible at that point
It’s essential to remember this difference.
Open an account for free
Exness allows you to open an account for free. It’s a highly recommended broker because it allows for gambling-style trading and offers the potential to significantly increase your money. Please refer to the following article for more information. FX trading accounts offer smooth deposit and withdrawal processes. While there are no bonuses, the minimum spreads are very narrow, making it highly recommended.
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