Broco Account Type

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

• Broco Trader Mini Account
• Minimum Deposit: $25
• Maximum Leverage: 1:500
• Spread: Fixed spread of 2 pips on EUR/USD
• Minimum Order Volume: 0.01 lots
• Features: Allows scalping and the use of expert advisors.
• Broco Trader Classic Account
• Minimum Deposit: $500
• Maximum Leverage: 1:200
• Spread: Minimum 1 pip on EUR/USD
• Minimum Order Volume: 0.01 lots
• Features: Allows trading by phone and supports expert advisors.
• Mirror Trader Account
• Minimum Deposit: $1,000
• Maximum Leverage: 1:200
• Spread: Minimum 2 pips on EUR/USD
• Minimum Order Volume: 0.1 lots
• Features: Allows automated trading and expert advisors.
• Currenex Classic Account
• Minimum Deposit: $15,000
• Maximum Leverage: 1:50
• Spread: Minimum 0.5 pips on EUR/USD
• Minimum Order Volume: 0.4 lots
• Features: Suitable for more experienced traders with access to advanced trading tools.

Broco Broker Account Opening Process

To open a brokerage account with Broco, follow these steps:

• Visit the Broco Website: Go to the official website of Broco.

• Select Account Type: Choose the type of account you wish to open (e.g., Mini, Classic, Mirror, or Currenex).

• Fill Out Application Form: Complete the online application form with required personal information, including:

• Name
• Address
• Date of Birth
• Email Address
• Phone Number
• Employment Information
• Financial Data (annual income, net worth)

• Submit Identification: Provide necessary identification documents, such as a government-issued ID (passport or driver's license).

• Fund Your Account: After your application is approved, you will need to fund your account. Accepted funding methods include bank transfers, credit/debit cards, and electronic payment systems.

• Start Trading: Once your account is funded, you can begin trading using the selected trading platform.

Please note that Broco has faced issues in the past regarding fund withdrawals, so it is advisable to conduct thorough research before proceeding with account opening.