Defcofx Account Type

　　Defcofx offers two main types of trading accounts to cater to different trader needs and experience levels:

• Silver Account
• Minimum Deposit: $50
• Leverage: Up to 1:2000
• Maximum Position Size: 2 lots per order
• Commission: $0 (Commission-free trading)
• Spread: Floating spreads starting from 0.5 pips
• Suitable For: Manual traders and scalpers
• Islamic Account: Available
• Gold Account
• Minimum Deposit: $1,000
• Leverage: Up to 1:500
• Maximum Position Size: Unlimited positions
• Commission: $0 (Commission-free trading)
• Spread: Floating spreads starting from 0.5 pips
• Suitable For: Active and algorithmic trading
• CFD Trading on U.S. Stocks: Available

　　Both account types support the use of the MetaTrader 5 (MT5) trading platform, allowing traders to utilize advanced trading tools and features.

　　

Defcofx Broker Account Opening Process

　　To open a live account with Defcofx, follow these steps:

• Visit the Official Website: Go to Defcofx.
• Start Registration: Click on the “Start Trading” button available on the homepage.
• Fill Out the Registration Form: Provide the minimal required information, including:
• First Name
• Last Name
• Email Address
• Phone Number
• Address
• Create a Password for your account
• Log into Your Account: After registration, log into your account and navigate to the "Trading Accounts" section.
• Open a Live Account: Click on “Open Live Account” and choose your desired account type (Silver or Gold), currency, and leverage settings.
• Complete KYC Process: Submit the necessary identification documents to complete the mandatory Know Your Customer (KYC) process.
• Fund Your Account: Deposit the required minimum amount to start trading.

　　Once your account is set up and funded, you can start trading on the MT5 platform.