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FarallonFX Forex Broker keeps up-to-date with the latest trading account information, including Diamond, Diamond, Platinum, Gold, Silver, Bronze maximum leverage of 1:200, trading varieties, and more
Rating Index
Pros
Accessibility: FarallonFX offers mobile apps for both iOS and Android devices, providing traders with easy access to the global financial markets from anywhere at any time.
Diverse range of instruments: With over 950 trading instruments including real stocks, commodity CFDs, forex, and ETF CFDs, FarallonFX provides traders with ample opportunities to diversify their investment portfolios.
Strong security measures: The company employs various protective measures such as SSL technology, anti-money laundering protocols, and KYC procedures to safeguard users' funds and personal information.
Cons
Unregulated status: Despite efforts to ensure security and compliance, FarallonFX remains unregulated, which may pose risks for traders as there is no oversight from regulatory authorities.
Limited customer support: While FarallonFX offers customer support through phone, email, and online messaging, the availability may be limited to certain hours (24/5), which could be inconvenient for traders requiring immediate assistance.
Risk of scams: The company acknowledges the presence of scams in the trading industry and advises users to review available information carefully, indicating potential risks associated with trading on an unregulated platform.
FarallonFX broker Accounts
Diamond
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$100K
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
Coin 0% Stock 0.10% Crypto 0.15%
Products
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Diamond
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$50K
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
Coin 0% Stock 0.10% Crypto 0.15%
Products
--
Platinum
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$30K
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
Coin 0% Stock 0.15% Crypto 0.25%
Products
--
Gold
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$10K
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
Coin 0% Stock 0.25% Crypto 0.5%
Products
--
Silver
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$3K
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
Coin 0% Stock 0.5% Crypto 1%
Products
--
Bronze
Environment
--
Currency
--
Maximum Leverage
1:200
SupportedEA
Minimum Deposit
$250
Minimum Spread
--
Depositing Method
--
Withdrawal Method
--
Minimum position
--
Commission
--
Products
--
FarallonFX Account Type
FarallonFX does not provide specific information about different types of trading accounts on its official website. Currently, it remains unclear whether FarallonFX offers various account types to cater to the needs of different investors. The lack of transparency regarding account types raises concerns for potential users seeking tailored trading solutions.
FarallonFX Broker Account Opening Process
To open an account with FarallonFX, follow these steps:
- Visit the Website: Navigate to the FarallonFX website.
- Access Registration Page: Locate and click on the “Register Now” button to access the registration page.
- Fill Out the Registration Form: Provide your personal details, including:
- Full name
- Email address
- Password
- Confirm Password: Re-enter your password to confirm accuracy.
- Select Country: Choose your country of residence from the dropdown menu.
- Input Phone Number: Enter your phone number, including the country code.
- Choose Currency: Select your preferred currency for trading from the available options.
- Accept Terms & Conditions: Read and accept FarallonFX‘s terms and conditions.
- Complete Registration: Submit the registration form to create your account.
- Account Creation Confirmation: Upon successful registration, you’ll receive a confirmation email or notification from FarallonFX.
- Access Trading Platform: Use your login credentials to access the trading platform and begin trading.
Please note that FarallonFX does not currently offer demo accounts, which may limit opportunities for new traders to practice before committing real funds.
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