FOCUS Markets Forex Broker keeps up-to-date with the latest trading account information, including Raw, Standard maximum leverage of 1:500, trading varieties, and more
Pros
Tight spreads and low trading fees, making it cost-effective for traders.
A wide range of over 2,000 tradable assets, allowing for diverse trading strategies and portfolio diversification.
User-friendly trading platforms (MT4 and MT5) that are customizable and suitable for both beginners and experienced traders.
Cons
Lacks educational resources and analytical tools, which may hinder beginners' trading development.
No alternative income options such as copy trading or joint accounts, limiting trading flexibility.
Customer support is not available on weekends, which could be inconvenient for traders needing assistance outside of regular hours.
FOCUS Markets broker Accounts
Raw
Standard
Focus Markets Account Type
Focus Markets offers two primary types of trading accounts designed to cater to different trading needs: Standard Account and Raw Account.
1. Standard Account
- Spreads: From 1.0 pips
- Commission: $0
- Minimum Deposit: $100
- Minimum Trade Size: 0.01 lots
- Leverage: Up to 30:1
- Base Currencies: AUD, USD, GBP, EUR, NZD, SGD
- Trading Platform: MetaTrader 5 (MT5)
- Scalping and Hedging: Allowed
- Expert Advisors (EAs): Allowed
- 24-Hour Support: Yes
2. Raw Account
- Spreads: From 0.0 pips
- Commission: $3.5 per standard lot traded
- Minimum Deposit: $100
- Minimum Trade Size: 0.01 lots
- Leverage: Up to 30:1
- Base Currencies: AUD, USD, GBP, EUR, NZD, SGD
- Trading Platform: MetaTrader 5 (MT5)
- Scalping and Hedging: Allowed
- Expert Advisors (EAs): Allowed
- 24-Hour Support: Yes
Both accounts provide access to a wide range of trading instruments, including Forex, commodities, indices, and cryptocurrencies, with no restrictions on trading strategies.
Focus Markets Broker Account Opening Process
Opening an account with Focus Markets is a straightforward process that can be completed in a few simple steps:
- Visit the Official Website: Go to Focus Markets.
- Click on 'Open an Account': Locate and click the button to start the registration process.
- Fill in Personal Information:
- Enter your real name.
- Provide a cell phone number and email address.
- Set a password for your account.
- Provide Additional Details:
- Enter your date of birth and address.
- Select your trading account type (Standard or Raw).
- Upload Identification Documents:
- Submit a clear photo of your government-issued ID (e.g., passport or drivers license).
- Provide proof of address (e.g., bank statement or utility bill not older than 3 months).
- Complete the Application: Review and confirm your application details, then submit the application.
- Verification: Wait for the verification process, which typically takes up to 24 hours.
- Fund Your Account: Once verified, deposit a minimum of $100 to start trading.
By following these steps, you can successfully open a trading account with Focus Markets and begin your trading journey.
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