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Rating Index

Pros

Generous leverage of up to 1:999, allowing for significant potential returns.

Low minimum deposit requirement of $10, making it accessible for new traders.

User-friendly trading platform, MetaTrader 4, which is popular among traders for its features and reliability.

Cons

Lack of regulation and transparency regarding company information, raising concerns about fund safety.

Limited range of trading instruments available, with only a small selection of CFDs and forex pairs offered.

Potentially deceptive bonus practices that may complicate fund withdrawal processes and obscure terms.

101FX broker Accounts

101FX Account Type

101FX offers two distinct account types designed to cater to different trading preferences and strategies:

Standard Account:

Minimum Deposit: $100
Leverage: Up to 1:500
Spreads: Starting from 0.0 pips
Commission: $2 per round turn
Withdrawal Processing Time: 24 - 48 hours

ECN Account:

Minimum Deposit: $100
Leverage: Up to 1:500
Spreads: Starting from 0 pips
Commission: $0 per round turn
Withdrawal Processing Time: 24 - 48 hours

Both account types provide access to a variety of trading assets, including currency pairs, CFDs, and cryptocurrencies, while utilizing the widely recognized MetaTrader 4 (MT4) platform.

101FX Broker Account Opening Process

Opening an account with 101FX involves the following steps:

Visit the Official Website: Access the official 101FX website using a web browser.
Registration Process: Locate the “Sign Up” or “Register” section on the homepage. Provide the required personal information, including your full name, email address, phone number, and country of residence.
Account Type Selection: Choose the type of account you wish to open based on your trading preferences and needs. Available options typically include the Standard Account and ECN Account.
Document Submission: Complete the account verification process by submitting necessary identification documents, such as a government-issued ID (passport or driver‘s license) and proof of address (utility bill or bank statement).
Account Funding: Once your account is verified, proceed to fund your trading account. Choose from available deposit methods like bank transfers, credit/debit cards, or e-wallets, and deposit an amount equal to or exceeding the minimum required deposit for your chosen account type.
Platform Setup and Start Trading: After funding your account, download and install the trading platform provided by 101FX. Familiarize yourself with the platform’s interface, tools, and functionalities. You can now begin analyzing the markets, placing trades, and managing your positions based on your trading strategy.

By following these steps diligently, you can successfully register and open an account with 101FX, gaining access to their trading platform and commencing your trading activities.