Rating Index
Pros
Access to a diverse range of trading instruments including forex, stocks, indices, and commodities.
Potential for high leverage, which can magnify trading profits.
User-friendly trading platforms that may appeal to both novice and experienced traders.
Cons
Lack of regulatory oversight raises significant concerns about safety and legitimacy.
Numerous complaints regarding withdrawal issues and hidden fees, suggesting potential fraudulent practices.
Poor customer support and limited communication channels, which can hinder user experience and assistance.
FXCN broker Accounts
FXCN Account Type
FXCN offers several account types to accommodate different trading preferences and strategies. The available account types include:
- Standard Account
- Minimum Deposit: $100
- Spread: 1.5 pips
- Commission: $0.005 per lot
- Leverage: Up to 1:100
- Overnight Fees: Applicable
- Inactivity Fees: Applicable
- VIP Account
- Minimum Deposit: $10,000
- Spread: 1 pip
- Commission: $0.003 per lot
- Leverage: Up to 1:200
- Overnight Fees: Applicable
- Inactivity Fees: Applicable
- ECN Account
- Minimum Deposit: $5,000
- Spread: 0.5 pips
- Commission: $0.002 per lot
- Leverage: Up to 1:400
- Overnight Fees: Applicable
- Inactivity Fees: Applicable
- Islamic Account
- Minimum Deposit: $100
- Spread: 1.5 pips
- Commission: None
- Leverage: Up to 1:100
- Overnight Fees: Applicable
- Inactivity Fees: Applicable
Visit the FXCN Website: Navigate to the FXCN website to find the account registration section.
Choose Account Type: Select the desired account type from the available options (Standard, VIP, ECN, or Islamic).
Complete the Application Form: Fill out the online application form with personal information, including your name, contact details, and financial background.
Submit Required Documents: Provide necessary identification documents as required by FXCN for verification purposes.
Fund Your Account: After your application is approved, deposit the minimum required amount to activate your trading account.
Start Trading: Once your account is funded, you can log in to the trading platform and begin trading.
FXCN Broker Account Opening Process
Opening an account with FXCN is a straightforward process that typically involves the following steps:
It is essential to review the specific requirements and terms for each account type before proceeding with the application.
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