Monfex Account Type

　　Monfex offers a single account type for trading, which is a live trading account. To start trading, users are required to make a minimum deposit of $250 USD. This account allows access to over 200 financial instruments, including forex, cryptocurrencies, stocks, commodities, and indices. Monfex does not currently offer a demo account for practice. The platform provides leverage options of up to 1:400, enabling traders to maximize their potential returns. However, it is important to note that Monfex is an unregulated broker, which raises concerns regarding the safety of funds and trading practices.

Monfex Broker Account Opening Process

　　Opening an account with Monfex is a straightforward process that can be completed in a few simple steps:

• Visit the Monfex Website: Go to monfex.com.
• Click on the Register Button: Locate the "Register" button on the main page.
• Fill in Personal Details: Provide the necessary personal information required for registration.
• Choose Account Preferences: Select your account preferences, including currency and leverage options.
• Complete Verification: Complete any required verification processes for security purposes.
• Fund Your Account: Deposit the minimum amount of $250 USD to activate your trading account.

　　Once your account is approved, you can start trading on the Monfex platform.