Direct FX Account Type

Direct FX offers two main types of trading accounts for its clients:

• Standard Account:
• Minimum Deposit: $250
• Spreads: Variable spreads starting from 1.8 pips on EUR/USD.
• Commission: Commission-free trading.
• Leverage: Up to 1:400.
• Platforms: Available on MetaTrader 4 (MT4) and Tradable.
• Features: Allows trading of micro lots and is suitable for retail traders.
• CQG FX Account:
• Minimum Deposit: $500
• Spreads: Tighter variable spreads starting from 0.2 pips on EUR/USD.
• Commission: $7 per standard lot round turn.
• Leverage: Up to 1:400.
• Platforms: Access to CQG FX, which is designed for institutional-style trading.
• Features: Provides advanced trading tools and direct inter-bank liquidity.

Direct FX Broker Account Opening Process

To open a broker account with Direct FX, follow these steps:

• Research and Choose an Account Type: Decide between the Standard Account and CQG FX Account based on your trading needs and capital.

• Complete the Application Process:

• Provide personal identification documents (e.g., passport or drivers license).
• Submit proof of address (e.g., utility bill).
• Ensure all information is accurate to avoid delays.
• Fund Your Trading Account:
• Make an initial deposit of at least $250 for the Standard Account or $500 for the CQG FX Account.
• Payment methods include bank wire transfers, Skrill, Neteller, and UAE Exchange.
• Select and Set Up Your Trading Platform:
• Download and install your chosen trading platform (MT4 or CQG FX).
• Log in using the credentials provided by Direct FX.
• Practice with a Demo Account (optional):
• Before trading live, consider using a demo account to familiarize yourself with the platform and trading strategies.
• Start Live Trading:
• Once comfortable, you can begin trading with real funds, monitoring the market closely, and managing your trades effectively.

For more details, you can visit their official website: Direct FX