OpenTrading Account Type

　　OpenTrading offers various account types tailored to different trading needs. The primary types of accounts include:

• 　　CFD Trading Account: This account allows you to speculate on the price movements of various markets, including stocks, commodities, forex, cryptocurrencies, indices, ETFs, and ADRs. It enables leveraged trading, meaning you can control larger positions with a smaller initial deposit (margin).

• 　　Share Dealing Account: This account allows you to buy and sell shares outright, providing ownership of the assets. You can also reinvest dividends earned from company stocks.

• 　　Leveraged Trading Account: Similar to the CFD account, this account provides exposure to various markets without taking ownership of the underlying assets, allowing for speculation on short-term price movements.

　　When choosing an account type, consider your trading objectives, risk appetite, and investment strategy.

　　

OpenTrading Broker Account Opening Process

　　Opening a broker account with OpenTrading involves a straightforward process:

• 　　Decide on Account Type: Determine whether you want to trade or invest. For trading, youll need a CFD trading account, while for investing, a share dealing account is appropriate.

• 　　Understand Charges and Risks: Familiarize yourself with the costs associated with trading, including spreads and commissions that may apply.

• 　　Fill in Application Form: Complete the application form provided by OpenTrading, which typically includes personal information and details about your trading knowledge.

• 　　Get Verified: Submit the necessary documents for identity and residence validation. This may include:

• An image of your identity card (both sides).
• A recent utility bill or any official document proving your residence (not older than 3 months).
• Fund Your Account: Once your application is approved, you can fund your account using various methods such as bank transfer or debit card.

　　By following these steps, you can successfully open a trading account with OpenTrading and begin your trading journey.