FX NextGen Account Type

　　FX NextGen offers two primary account types for traders:

• Standard Account
• Minimum Deposit: $100 USD or EUR
• Minimum Trade Size: 0.01 lots
• Commission: $4 per lot traded
• Leverage: Variable, ranging from 1:1 to 1:500
• Hedging: Allowed
• Swaps: Charged for holding trades overnight
• ECN Account
• Minimum Deposit: $100 USD or EUR (same as Standard Account)
• Minimum Trade Size: 0.01 lots (same as Standard Account)
• Commission: $12 per lot traded (higher than Standard Account)
• Leverage: Variable, ranging from 1:1 to 1:500 (same as Standard Account)
• Hedging: Allowed (same as Standard Account)
• Swaps: Charged for holding trades overnight (likely the same as Standard Account)

　　The primary difference between the accounts is the commission structure, where the ECN account incurs a higher commission per standard lot traded.

　　

FX NextGen Broker Account Opening Process

　　To open an account with FX NextGen, follow these steps:

• Visit the Website: Go to FX NextGen.
• Choose Account Type: Decide whether you want to open a Standard or ECN account.
• Fill Out Application: Complete the online application form with your personal and financial information.
• Deposit Funds: Make the minimum deposit of $100 USD or EUR using one of the accepted payment methods (bank wire transfer, bitcoin, or sofort).
• Verification: Wait for account verification, which may require additional documentation.
• Start Trading: Once your account is approved and funded, you can begin trading on the MetaTrader 4 or MetaTrader 5 platforms.

　　For further details, refer to the original sources of this information: WikiFX, Forex Brokerz, Forex Academy.