Fomoso Account Type

　　Fomoso offers three main types of live trading accounts to cater to different traders' needs: Mini, Standard, and Pro accounts.

• Mini Account
• Minimum Initial Deposit: $100
• Maximum Leverage: 100:1
• Target Audience: Primarily for beginners or those who want to start trading with low capital.
• Standard Account
• Minimum Initial Deposit: $3,000
• Maximum Leverage: 200:1
• Target Audience: Suitable for more experienced traders with a larger investment size.
• Pro Account
• Minimum Initial Deposit: $50,000
• Maximum Leverage: 100:1
• Target Audience: Designed for professional traders who require higher capital and are familiar with trading strategies.

　　Fomoso claims to offer over 600 trading instruments, including forex, spot gold, spot silver, indices, and crude oil, allowing traders to diversify their portfolios across multiple asset classes.

　　

Fomoso Broker Account Opening Process

　　Opening an account with Fomoso involves several steps, which should be approached cautiously due to the broker's unregulated status:

• 　　Online Registration Form: Fill out the online registration form available on Fomoso's website, providing personal details such as your full name, contact information, and identification documents for verification (to comply with KYC procedures).

• 　　Account Approval: Once your account is approved, you will be prompted to make an initial deposit to activate your account. The minimum initial deposit varies depending on the type of account chosen:

• Mini Account: $100
• Standard Account: $3,000
• Pro Account: $50,000

• 　　Deposit Methods: Fomoso offers limited deposit methods, focusing on bank transfers and small-amount internet banking.

• 　　Trading Platform Access: After funding your account, you can access Fomoso's trading platforms, which include MetaTrader 4 and the MAM system.

• 　　Start Trading: Once your account is funded and activated, you can begin trading across various market instruments available on the platform.