FXEM Account Type

FXEM offers a single account type known as the ECN (Electronic Communication Network) account. This account provides traders with a transparent trading environment, allowing direct access to liquidity providers without the interference of a dealing desk. Key features of the FXEM ECN account include:

• Account Currency: USD
• Leverage: Floating leverage options ranging from 1:1 to 1:200.
• Minimum Deposit: No minimum deposit required.
• Commission: No additional commission fees.
• Lot Sizes:
• Micro lot: 0.01
• Mini lot: 0.1
• Standard lot: 1
• Maximum Volume per Trade: 30 standard lots.
• Maximum Number of Orders: Up to 100 open orders.
• Swap-Free Availability: Islamic accounts are available for those who require them.

FXEM Broker Account Opening Process

To open an account with FXEM, follow these steps:

• Choose the Account Type: Select the ECN account option during the registration process.
• Fill Out the Application Form: Provide personal information such as your name, address, and contact details.
• Identity Verification: Submit identification documents, typically a passport or driver's license, and proof of residence (like a utility bill).
• Agree to Terms and Conditions: Review and accept the broker's terms and conditions, risk disclosures, and privacy policies.
• Fund Your Account: Choose a funding method (such as bank wire or credit card) and deposit funds into your trading account.
• Download the Trading Platform: Install the MetaTrader 4 platform, which FXEM uses for trading.
• Start Trading: Once your account is funded and set up, you can begin trading on the FXEM platform.

For more information, you can visit the following sources:

• FXEM Trading Accounts
• FXEM Review – Forex Academy