FX Daily broker Accounts

FX Daily Account Type

　　FX Daily offers several types of trading accounts to cater to different trader needs. The primary account types include:

　　Standard Trading Account: This is the most common account type, allowing traders to trade in standard lots of 100,000 currency units. The minimum deposit typically starts at $2,000, with leverage up to 1:400. Each pip is worth $10 when trading pairs where USD is the quote currency.
　　Mini Trading Account: Ideal for new traders, this account allows transactions in mini lots of 10,000 currency units. The minimum deposit is usually $250, and it offers higher leverage, often up to 1:400. Each pip is worth $1, making it a more manageable option for those with limited capital.
　　Pro Trading Account: This is designed for experienced traders, requiring a minimum deposit of $5,000. It offers maximum leverage of 1:400, with tighter spreads starting from 0.1 pips, making it suitable for high-frequency trading.
　　Managed Trading Account: In this account type, a broker or a hired manager executes trades on behalf of the account holder. It typically requires a minimum deposit of $10,000, and the management fees apply based on performance.

　　Opening a trading account with FX Daily involves several straightforward steps:

　　Choose Account Type: Decide on the type of account that suits your trading needs—Standard, Mini, Pro, or Managed.
　　Registration: Fill out the online application form, providing personal details such as your name, contact information, date of birth, and national ID number.
　　Documentation: Submit necessary verification documents, including:

A valid government-issued ID (passport or drivers license)
Proof of address (utility bill or bank statement dated within the last three months)

　　Account Verification: Await the broker's verification of your documents. This process generally takes a few hours to a couple of days.
　　Fund Your Account: Once verified, you will receive instructions to deposit funds into your account. FX Daily accepts various funding methods such as bank transfers, credit cards, and e-wallets.
　　Start Trading: After funding your account, you can download the trading platform provided by FX Daily, log in using your credentials, and begin trading.

　　By following these steps, you can successfully open a trading account with FX Daily and start your forex trading journey.