- Standard Account:
- Designed for: Novice traders.
- Minimum Deposit: $50 USD.
- Spreads: Variable spreads starting from 1.0 pip.
- Commission: None.
- Leverage: Up to 2000:1.
- Products Offered: Forex, metals, energies, commodities, cryptocurrencies, and indices.
- Maximum Opening Orders: 200 positions.
- Minimum Trade Size: 1 micro lot (0.01 lots).
- Hedging and EA: Allowed.
Both accounts provide access to the MT4 and MT5 trading platforms and support various base currencies including AUD, USD, EUR, GBP, SGD, NZD, CAD, and HKD.
The account opening process at FXTRADING.com is straightforward and can be completed in a few steps:
- Registration:
- Visit the FXTRADING.com website and fill out the registration form with your first name, last name, email address, and phone number.
- Create a secure password and agree to the terms and conditions.
- Document Submission:
- Upload a valid photo ID (passport or driver's license).
- Provide proof of address dated within the last three months (utility bill or bank statement).
- Identity Verification:
- Complete an electronic verification (EV) check during the account opening process.
- Account Approval:
- If you pass the EV check, your account will be approved immediately. Otherwise, the accounts team will review your application and typically approve it within 24 hours.
- Funding Your Account:
- After approval, you can fund your account to start trading. The minimum deposit required is $50 USD.
- Start Trading:
- Once your account is funded, you can begin trading on the platform.
For specific countries, FXTRADING.com does not accept account applications from the United States, North Korea, Iran, New Zealand, Russia, and Ukraine.
Sources:
- FXTRADING.com Account Types
- FXTRADING.com Account Opening Process