IFXBG Account Type

IFXBG offers various account types for trading on the GXG markets, including OTC, MTF, and regulated market accounts. Each account type caters to different trading needs and regulatory requirements. Heres a breakdown of the account types available:

• OTC Market Account:
• No minimum or maximum capitalization.
• No prior trading record required.
• Quick admission process (2-3 weeks) without the need for a prospectus unless joining the regulated market.
• MTF Account:
• Requires a market capitalization of at least €1 million (exemptions may apply).
• Basic memorandum with company information must be prepared.
• Similar admission timeline of 1-3 weeks.
• Regulated Market Account:
• Requires a market capitalization between €7 million and €70 million.
• A prospectus must be prepared and approved by the Danish FSA.
• Longer preparation time of about 3 months due to prospectus requirements.

IFXBG Broker Account Opening Process

Opening an account with IFXBG is a straightforward process that typically involves the following steps:

• Select the Account Type: Choose between OTC, MTF, or regulated market accounts based on your trading needs and eligibility.

• Complete the Application:

• Fill out the official documentation required for the account type you selected.
• Provide necessary personal and company information.

• Submit the Documentation: Send the completed application and any required documents to IFXBG for review.

• Approval and Account Setup: Once your application is approved, you will receive an email with your assigned account number and instructions for funding your account.

• Fund Your Account: Transfer funds into your new brokerage account using bank transfer or other accepted methods as specified in your approval email.

• Start Trading: After your account is funded, you can begin trading on the GXG markets. You may contact your IFXBG representative for assistance with placing trades or managing your account.

For more details, you can visit IFXBG or email them directly for assistance.