EFX Forex Broker keeps up-to-date with the latest trading account information, including Professional , Islamic, Standard, Demo maximum leverage of 1:400, trading varieties, and more
Rating Index
Pros
Wide range of trading instruments available
Multiple account types to cater to different trader needs
Low minimum deposit requirement
Cons
Lack of regulation raises concerns about fund safety
Reports of withdrawal issues and poor customer support
Higher spreads compared to industry standards
EFX broker Accounts
Professional
Environment
--
Currency
--
Maximum Leverage
1:400
SupportedEA
Minimum Deposit
$50000
Minimum Spread
1.2
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Islamic
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$5000
Minimum Spread
1.5
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Standard
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$50
Minimum Spread
1.5
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
Demo
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
--
Minimum Spread
1.5
Depositing Method
--
Withdrawal Method
--
Minimum position
0.01
Commission
--
Products
--
EFX Account Type
EFX offers several types of trading accounts tailored to different levels of traders. The account types include:
- Trailing Account:
- Minimum Deposit: $300
- Trade Volume: 0.01 - 0.1 lots
- Spreads: EUR/USD min 1 pip
- Leverage: Up to 200
- Scalping: No
- News Trading: No
- Normal Account:
- Minimum Deposit: $3,000
- Trade Volume: Minimum 0.1 lots
- Spreads: EUR/USD min 1 pip
- Leverage: Up to 100
- Scalping: No
- News Trading: No
- Advance Account:
- Minimum Deposit: $300,000
- Trade Volume: Minimum 1 lot
- Spreads: EUR/USD min 1 pip
- Leverage: Up to 100
- Scalping: Yes
- News Trading: Yes
- VIP Account:
- Minimum Deposit: $500,000
- Trade Volume: Minimum 1 lot
- Spreads: EUR/USD min 1 pip
- Leverage: Up to 100
- Scalping: Yes
- News Trading: Yes
- Visit the Website: Go to the EFX official website.
- Choose Account Type: Select the type of account you wish to open based on your trading experience and minimum deposit requirements.
- Fill Out Registration Form: Complete the online registration form with your personal information, including email address and financial background.
- Submit Required Documents: Provide necessary identification documents for verification (e.g., ID, proof of address).
- Deposit Funds: Transfer the minimum deposit amount to activate your trading account.
- Access Trading Platform: Once your account is approved, download the trading platform (e.g., MT4) to start trading.
All accounts less than $3,000 are classified as micro accounts, while those above $3,000 are standard accounts.
EFX Broker Account Opening Process
To open an account with EFX, follow these steps:
For more detailed information on account types and the opening process, visit the following sources:
EFX Similar Broker Accounts
Explore broker markets account types: forex/trading accounts with demo access.
EFX accounts can be viewed for products that can be traded -- accounts with a minimum deposit of $50000 by (2+) --.