HonorFX Account Types

　　HonorFX offers three types of trading accounts tailored to different trading styles and preferences: Standard, ECN, and Islamic accounts. Each account type provides unique features to cater to varying levels of experience and trading strategies.

• Standard Account:
• Minimum Deposit: $1,000
• Leverage: Up to 1:500
• Spread: From 1.2 pips
• Commission: None
• Trading Instruments: Over 275 instruments including forex pairs, CFDs, and commodities.
• Margin Call: 50%
• Stop Out Level: 30%
• ECN Account:
• Minimum Deposit: $10,000
• Leverage: Up to 1:200
• Spread: Raw spreads starting from 0.0 pips
• Commission: $7 per lot
• Trading Instruments: Similar to the Standard account.
• Margin Call: 50%
• Stop Out Level: 30%
• Islamic Account:
• Minimum Deposit: $2,000
• Leverage: Up to 1:500
• Spread: From 1.5 pips
• Commission: None
• Trading Instruments: Similar to the Standard account.
• Margin Call: 50%
• Stop Out Level: 30%
• Swap-Free: Compliant with Islamic finance principles.

　　

HonorFX Broker Account Opening Process

　　Opening an account with HonorFX is straightforward and involves the following steps:

• Registration:
• Visit the HonorFX website and click on the "Open Account" button.
• Fill out the registration form with your personal details including name, email, and phone number.
• Choose Account Type:
• Select the account type that best suits your trading needs (Standard, ECN, or Islamic).
• Submit Documentation:
• Provide identification documents such as a government-issued ID and proof of residence.
• This step is crucial for compliance with regulatory requirements.
• Account Verification:
• Wait for the broker to verify your documents. This process typically takes 1-2 business days.
• Fund Your Account:
• Once verified, log into your account and deposit funds using various payment methods such as bank transfer, credit/debit card, or e-wallets.
• Start Trading:
• After funding your account, you can start trading on the HonorFX platform with access to a wide range of financial instruments.

　　For detailed information on the account types and the opening process, you can visit HonorFX.