Bofu Account Type

　　Bofu offers various types of trading accounts to cater to different investor needs. The main account types include:

• 　　Standard Account: This account allows trading in standard lots, each worth $100,000, with typical leverage of 100:1. It is suitable for experienced traders who can meet the higher capital requirements, often starting at $2,000 or more.

• 　　Mini Account: Designed for beginners or those with lower risk tolerance, this account uses mini lots worth $10,000, requiring a lower initial deposit of around $250 to $500. It offers higher leverage, up to 400:1, allowing for more flexibility in trading.

• 　　Managed Account: In this account type, a professional manager makes trading decisions on behalf of the investor. This option typically requires a minimum investment of $2,000 for pooled funds and $10,000 for individual accounts, with management fees applicable.

  　　

　　

Bofu Broker Account Opening Process

　　To open an account with Bofu, follow these steps:

• 　　Choose Your Account Type: Decide between a standard, mini, or managed account based on your trading experience and risk appetite.

• 　　Provide Required Documentation: Prepare necessary identification documents, including a government-issued ID and proof of residency.

• 　　Complete the Application: Fill out the application form on the Bofu website. Ensure you provide accurate personal and financial information.

• 　　Fund Your Account: After your application is approved, you will need to deposit funds into your account. Bofu accepts deposits via bank transfer, and you may incur fees for withdrawals below a certain amount.

• 　　Start Trading: Once your account is funded, you can begin trading various financial instruments offered by Bofu, including forex, commodities, and indices.

　　Make sure to read the terms and conditions associated with each account type and the fees involved before proceeding.