HonorFX Account Type
HonorFX offers several types of trading accounts to cater to different trading styles and preferences. The available account types include:
- Standard Account:
- Minimum Deposit: $1
- Leverage: Up to 1:500
- Spreads: Floating spreads starting from 1.5 pips
- Swap-Free Option: Not available
- Premium Account:
- Minimum Deposit: Varies
- Leverage: Up to 1:500
- Spreads: Floating spreads starting from 1.8 pips
- Swap-Free Option: Available for major currency pairs and spot metals
- ECN Account:
- Minimum Deposit: $10,000
- Leverage: Up to 1:200
- Spreads: Starting from 0.2 pips
- Commission: $7 per lot
- Swap-Free Option: Not available
- Demo Account:
- Allows traders to practice trading conditions with virtual funds.
HonorFX provides access to over 275 financial instruments, including currency pairs and CFDs, through the MetaTrader 5 platform.
HonorFX Broker Account Opening Process
Opening an account with HonorFX is a straightforward process that involves the following steps:
- Registration:
- Visit the HonorFX website and click on the "Start Trading Now" or "Register" button.
- Fill out a registration form with personal information (name, phone number, email, address) and create a password.
- Verification:
- After confirming your email, you will need to pass verification by uploading necessary documents.
- Add your personal bank account details for withdrawals.
- Account Types:
- Choose the type of account you wish to open (Standard, Premium, or ECN) based on your trading needs.
Honors accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .