FXOpen Account Types

FXOpen offers a variety of trading account types designed to cater to traders of different experience levels and financial capabilities. The main account types include:

• Standard Account:
• Ideal for retail traders seeking competitive spreads and flexible leverage.
• Requires a modest minimum deposit.
• Supports various trading instruments including forex, indices, and commodities.
• ECN Account:
• Provides direct market access with tight spreads and deep liquidity.
• Suitable for high-frequency traders and scalpers.
• Minimum deposit of $100 with spreads starting from 0.0 pips and a commission from $1.50 per lot.
• Crypto Account:
• Tailored for trading popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
• Offers competitive spreads and the ability to trade on margin.
• STP Account:
• Designed for transparent pricing with variable spreads reflecting real market conditions.
• Ideal for traders who prefer not to pay commissions on each trade.
• VIP Account:
• For high-net-worth individuals or institutional traders.
• Requires a significant minimum deposit and offers the most competitive spreads and personalized services.
• Demo Account:
• Excellent for beginners to practice trading strategies without risking real money.
• Simulates live market conditions using virtual funds.

FXOpen Broker Account Opening Process

Opening an account with FXOpen is a straightforward process that can be completed in a few simple steps:

• Register:
• Visit the FXOpen website and select "Open an Account."
• Provide personal information, including your name, email, and phone number.
• Choose your preferred account type during registration.
• Verify Your Account:
• After registration, you will need to verify your identity and address.
• Upload a government-issued ID (passport or driver's license) and a utility bill or bank statement as proof of address.
• Deposit Funds:
• Once your account is verified, you can fund it using various payment methods, including credit cards, bank transfers, and e-wallets.
• The minimum deposit varies depending on the account type, starting from $10 for STP accounts and $100 for ECN accounts.
• Start Trading:
• After funding your account, you can start trading with spreads from 0.0 pips and enjoy access to a wide range of trading instruments.

For more detailed information on the account types and the opening process, you can visit the official FXOpen website.