iControlFX Account Type

iControlFX offers a variety of account types to cater to different trading needs and styles. The available account types include:

• Standard Account
• Minimum Deposit: $200
• Leverage: Up to 1:500
• Spreads: From 0.8 pips
• Commission: None
• Suitable For: Beginners and casual traders who prefer a simple fee structure without commissions.
• Raw Spread Account
• Minimum Deposit: $200
• Leverage: Up to 1:500
• Spreads: From 0.0 pips
• Commission: $3.5 per lot
• Suitable For: Experienced traders and scalpers looking for low spreads and transparency in pricing.
• cTrader Account
• Minimum Deposit: $200
• Leverage: Up to 1:1000
• Spreads: From 0.0 pips
• Commission: $3.0 per $100k round turn
• Suitable For: Technology-savvy traders who prefer advanced trading capabilities and algorithmic trading.

iControlFX Broker Account Opening Process

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

• Visit the Registration Page:
• Click on the “Start Trading” button on the iControlFX homepage.
• Fill Out Personal Information:
• Provide your country of residence, name, email address, and a secure password.
• Select Account Type:
• Choose your preferred account type (Standard, Raw Spread, or cTrader) and select the desired trading platform.
• Complete Verification:
• Submit proof of identity (passport or ID card) and proof of address (utility bill) to comply with regulatory requirements.
• Make Initial Deposit:
• Fund your account with a minimum deposit of $200 to activate it.
• Receive Confirmation:
• After completing the registration and deposit, you will receive an email confirmation with your account login details.

By following these steps, you can successfully open an account with iControlFX and start your trading journey.