Fox Markets offers several types of trading accounts to cater to different trading needs:
- Demo Account: Ideal for beginners to practice trading without risking real money.
- Cent Account: Provides access to leverage of up to 1:500, allowing traders to potentially earn significant profits with a lower risk of loss.
- STP Account: Offers ultra-fast execution speeds and competitive spreads by routing trades directly to liquidity providers.
- Expert Account: Tailored for experienced traders, requiring a minimum deposit of $100,000, with bespoke plans created to meet specific trading strategies.
Each account type comes with different features regarding leverage, spreads, and commissions, making it essential for traders to choose the one that best aligns with their trading goals.
Fox Markets Broker Account Opening Process
To open an account with Fox Markets, follow these steps:
- Visit the Website: Go to the official Fox Markets website.
- Registration Form: Complete the online registration form with your personal details.
- Trading Test: Take a quick trading test to assess your knowledge of forex trading.
- KYC Verification: Submit proof of identity and proof of address to verify your account.
- Select Account Type: Choose the type of account you wish to open (Demo, Cent, STP, or Expert).
- Fund Your Account: Deposit funds into your trading account to start trading.
After completing these steps, you will be able to access the trading platform and begin your trading journey.
Source: TradeForex.NG
Fox Markets accounts can be viewed for products that can be traded -- accounts with a minimum deposit of -- by (2+) --.