FRFX Account Type

FRFX offers a variety of account types to cater to different trading needs and preferences. The available account types include:

• Mini Account
• Minimum Deposit: $100
• Leverage: Up to 1:400
• Spreads: Starting from 1.8 pips
• Margin Call Ratio: 0.2
• Order Volume: 0.01 - 30
• Standard Account
• Minimum Deposit: $2,000
• Leverage: Up to 1:400
• Spreads: Starting from 1.3 pips
• Margin Call Ratio: 0.3
• Order Volume: 0.01 - 30
• VIP Account
• Minimum Deposit: $5,000
• Leverage: Up to 1:400
• Spreads: Starting from 1.1 pips
• Margin Call Ratio: 0.5
• Order Volume: 0.1 - 30
• Pro Account
• Minimum Deposit: $20,000
• Leverage: Up to 1:400
• Spreads: Starting from 0.2 pips
• Margin Call Ratio: 0.5
• Order Volume: 0.01 - 30
• Trader Account
• Minimum Deposit: $5,000
• Leverage: Up to 1:400
• Spreads: Starting from 0.2 pips
• Margin Call Ratio: 0.5
• Order Volume: 0.1 - 30

FRFX provides over 350 tradable instruments across various asset classes, including forex, stocks, commodities, and cryptocurrencies.

FRFX Broker Account Opening Process

To open an account with FRFX, follow these steps:

• Choose a Broker: Research and select FRFX as your preferred forex broker.
• Visit the Website: Go to the FRFX website and look for the "Open Account" or "Sign Up" option.
• Select Account Type: Choose the account type that best suits your trading needs (e.g., Mini, Standard, VIP, Pro, Trader).
• Fill Out Application Form: Complete the online application form with your personal information, including name, date of birth, contact details, and employment information.
• Identity Verification: Upload necessary documents for identity verification, such as a passport or driver's license and proof of residence (utility bill or bank statement).
• Agree to Terms: Read and agree to the broker's terms and conditions, including the client agreement and risk disclosure statement.
• Fund Your Account: After approval, follow the instructions to deposit funds into your trading account using available payment methods (e.g., bank transfer, credit/debit card).
• Download Trading Platform: Install the trading platform (MT5) to start trading.

These steps ensure that you are set up to trade effectively and securely with FRFX.

Source: WikiFX