CompassFX broker Accounts

Compass FX Account Type

Compass FX offers a single account type known as the Standard Account, along with a risk-free demo account option. The minimum deposit required to open a Compass FX professional live trading account is $500 USD or R8000 ZAR. This account is designed for all traders, providing access to competitive trading conditions and various trading platforms such as MetaTrader 4, NinjaTrader, and TradingView. Compass FX is regulated by the National Futures Association (NFA) and the Australian Securities and Investment Commission (ASIC), ensuring a secure trading environment. The overall rating for Compass FX is 4.2/5, making it a recommended forex broker.

Compass FX Broker Account Opening Process

• Step 1: Start the Process
• Send an email to Compass FX to request account sign-up. This process is similar to opening a bank account, where you will undergo a basic "Know Your Customer" (KYC) process. All required documentation must be submitted for approval.
• Step 2: Complete Registration
• Once your registration is completed and your documentation is approved, you will receive your login details. You can then log in to your account and start trading.
• Account Activation Time
• The activation time for your account is typically 24 hours.
• Demo Account Option
• Compass FX also provides a free demo account that allows traders to practice forex trading in a risk-free environment. Demo accounts typically expire after 30 to 60 days, depending on the firm selected for the demo.
• Deposit and Withdrawal Options
• You can fund your account using various methods, including bank wire transfer and credit/debit cards.

For more detailed information, you can visit the following sources:

• Forex Suggest
• Sashares
• WikiFX