BANX Broker Account Type

　　BANX Broker offers three main types of accounts for traders:

• Cash Account
• Minimum Age: 18 years
• Minimum Deposit: €3,000
• Margin Trading: Not allowed; products must be paid in full.
• Margin Account
• Minimum Age: 21 years
• Minimum Deposit: €3,000
• Margin Trading: Allowed from a credit balance of €2,000. Short selling is permitted.
• Portfolio Margin Account
• Minimum Age: 21 years
• Minimum Deposit: €100,000
• Margin Trading: Similar to the margin account but allows for enhanced purchasing power. Certain products like US commodity futures and FX positions cannot be traded.

　　Each account type is designed to cater to different trading needs and strategies, allowing clients to choose based on their investment goals and risk tolerance.

　　

BANX Broker Account Opening Process

　　To open an account with BANX Broker, follow these steps:

• 　　Choose Account Type: Decide on the account type that suits your trading needs (Cash, Margin, or Portfolio Margin).

• 　　Registration: Visit the BANX Broker website and complete the online registration form by providing personal information such as name, email, and phone number.

• 　　Verification: Submit the required documents for identity verification, which typically include a government-issued ID and proof of residence.

• 　　Deposit Funds: Once your account is verified, make the minimum deposit required for your chosen account type (e.g., €3,000 for Cash or Margin Account, €100,000 for Portfolio Margin Account).

• 　　Start Trading: After funding your account, you can access the trading platform and begin trading various financial products available through BANX Broker.

　　This streamlined process ensures that traders can quickly set up their accounts and start engaging in the financial markets.