First Class Forex Funds Account Type

First Class Forex Funds offers two primary types of accounts for traders: 1-Step Assessment Accounts and 2-Step Assessment Accounts. Each account type comes with specific requirements regarding maximum loss limits, profit sharing, and minimum trading days.

1-Step Assessment Account

• Minimum Deposit: $985
• Maximum Loss Limit: Varies by account specifics
• Profit Share: Varies by account specifics
• Minimum Trading Days: Typically 5 days
• Payout: Minimum payout amount is $75

2-Step Assessment Account

• Account Levels:
• $200,000 Account: $985 fee, with a virtual profit target of 10% ($20,000) in Phase 1 and 7% ($14,000) in Phase 2.
• $100,000 Account: $525 fee, with a virtual profit target of 10% ($10,000) in Phase 1 and 7% ($7,000) in Phase 2.
• $50,000 Account: $315 fee, with a virtual profit target of 10% ($5,000) in Phase 1 and 7% ($3,500) in Phase 2.
• $25,000 Account: $205 fee, with a virtual profit target of 10% ($2,500) in Phase 1 and 7% ($1,750) in Phase 2.
• Daily Loss Limit: 3% of account balance
• Maximum Loss Limit: 12% of account balance
• Minimum Trading Days: 10 days

First Class Forex Funds Broker Account Opening Process

To open an account with First Class Forex Funds, follow these steps:

• Visit the Website: Go to First Class Forex Funds.
• Choose Account Type: Decide between a 1-Step Assessment Account or a 2-Step Assessment Account based on your trading goals.
• Complete Application: Fill out the online application form with necessary personal information.
• Submit Documents: Provide proof of identity and address as part of the verification process.
• Fund Your Account: After approval, fund your account using available payment methods.
• Start Trading: Once your account is funded, you can begin trading with virtual funds in a simulated environment.

By following these steps, you can easily set up your trading account with First Class Forex Funds and start your trading journey.