BinanceFX Account Type

　　BinanceFX offers a variety of trading accounts tailored to meet the needs of different traders. The account types include:

• Basic Account
• Minimum Deposit: $250
• Spread: 2.5 pips on major currency pairs
• Leverage: Up to 1:200
• Features: Personal account representative, overnight fees (swaps), web trader, demo account, mobile trading, signals, educational materials, and trading tools.
• Progressive Account
• Minimum Deposit: $10,000
• Spread: 1.8 pips on major currency pairs
• Leverage: Up to 1:200
• Features: Personal account representative, overnight fees (swaps) with a 20% discount, web trader, demo account, mobile trading, signals, educational materials, and trading tools.
• Advanced Account
• Minimum Deposit: $50,000
• Spread: 1.0 pips on major currency pairs
• Leverage: Up to 1:400
• Features: Personal account representative, overnight fees (swaps) with a 40% discount, web trader, demo account, mobile trading, signals, educational materials, and trading tools.
• Islamic Account
• Minimum Deposit: $100,000
• Spread: 2.5 pips on major currency pairs
• Leverage: Up to 1:400
• Features: Personal account representative, no overnight fees (swaps), web trader, demo account, mobile trading, signals, educational materials, and trading tools.

　　

BinanceFX Broker Account Opening Process

　　Opening an account with BinanceFX is a straightforward process. Follow these steps:

• Research and Choose Account Type
• Determine which account type suits your trading needs based on your investment goals and experience level.
• Complete the Application Form
• Fill out the application form with your personal details, including your name, address, date of birth, email, and phone number.
• Submit Identification Documents
• Provide necessary identification documents such as a government-issued photo ID and proof of residence (utility bill or bank statement).
• Account Verification
• Wait for the broker to review and verify your documents. This process usually takes a few days.
• Fund Your Account
• Deposit funds into your account using available payment methods such as bank transfer, credit/debit cards, or e-wallets.
• Start Trading
• Once your account is funded, you can begin trading on the BinanceFX platform. Make sure to familiarize yourself with the trading tools and resources available.