Rating Index
Pros
Offers a variety of trading instruments including forex, stocks, indices, and commodities.
Utilizes the popular MetaTrader 5 (MT5) trading platform, known for its advanced features and tools.
Provides educational resources such as video tutorials and trading guides.
Cons
Not regulated by any financial authority, posing significant risks to traders.
Limited customer support options, as assistance is only available through email with no live chat or phone support.
Withdrawals may face unreasonable conditions and delays, leading to potential difficulties in accessing funds.
Herzen broker Accounts
Herzen Account Type
Herzen currently offers only one type of trading account, which is a live trading account. This account provides access to a range of financial instruments, including forex, stocks, indices, commodities, and cryptocurrencies. The minimum deposit required to open a live trading account is $100, and traders can benefit from leverage of up to 1:500 for forex trading. However, it is important to note that Herzen does not offer a demo account, which may be a drawback for traders looking to practice their strategies before investing real funds.
Herzen Broker Account Opening Process
Opening an account with Herzen is a straightforward process. Here are the steps involved:
- Visit the Website: Go to the Herzen website and click on the "Open Live Account" button.
- Fill Out the Application: Provide basic personal information such as your name, address, and contact details.
- Select Account Preferences: Choose your preferred account type and leverage level.
- Upload Documentation: Submit necessary documents to verify your identity and address, such as a passport or national ID and a recent utility bill or bank statement.
- Account Approval: The verification process is typically quick, and once your account is approved, you will be ready to start trading.
It is crucial to be aware that trading with an unregulated broker like Herzen comes with inherent risks, as there is no oversight to ensure fair and transparent operations.
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