CodexFX Account Type

CodexFX offers five different types of trading accounts to cater to various trading needs and investment levels. The account types include:

• Mini Account
• Minimum Deposit: $500 – $5,000
• Leverage: Up to 1:50
• Spread: 1-3 pips on major currency pairs
• Commission: None
• Standard Account
• Minimum Deposit: $5,001 – $10,000
• Leverage: Up to 1:50
• Spread: 1-3 pips on major currency pairs
• Commission: None
• Gold Account
• Minimum Deposit: $500 – $5,000
• Leverage: Up to 1:50
• Spread: 1-3 pips on major currency pairs
• Commission: None
• Platinum Account
• Minimum Deposit: $10,001 – Unlimited
• Leverage: Up to 1:50
• Spread: 1-3 pips on major currency pairs
• Commission: None
• ECN Account
• Minimum Deposit: $500 – Unlimited
• Leverage: Up to 1:50
• Spread: From 0.6 pips
• Commission: $7 per standard lot

All accounts allow for trading in micro-lots, and the maximum trade size is limited to 10 lots on all instruments.

CodexFX Broker Account Opening Process

Opening an account with CodexFX involves a straightforward process:

• Registration: Visit the CodexFX website and select the "Register" option.
• Choose Account Type: Select the desired account type (Mini, Standard, Gold, Platinum, or ECN) based on your investment capacity and trading preferences.
• Submit Required Documents: Provide compliance documents within 4 days of opening the account. This includes:
• Proof of identity (government-issued ID)
• Proof of address (utility bill or bank statement)
• Proof of card ownership (photo of the credit card)
• Declaration of deposit form (available on the website)
• Verification: CodexFX will verify your documents, which typically takes about an hour.
• Fund Your Account: Deposit the minimum required amount using various methods such as credit/debit cards or bank transfers.
• Start Trading: Once your account is funded, you can begin trading using the MetaTrader 4 platform.

Make sure to complete all steps accurately to avoid delays in the account setup process.