OTX Forex Account Type

OTX Forex offers a variety of trading account types to cater to different trading needs and levels of expertise. The available account types include:

• Micro Account:
• Designed for beginners who want to trade forex with minimal risk.
• Minimum deposit: $100.
• Allows trading with micro lots (1 micro lot = 1,000 units).
• Competitive spreads and flexible leverage.
• Minimum lot size: 0.01.
• Hedging and scalping are allowed.
• Access to a world-class trading platform.
• Islamic Account:
• Tailored for Muslim traders.
• Minimum deposit: $200.
• Offers tight spreads with zero commission and additional technical indicators.
• ECN Account:
• Ideal for professional traders or scalpers.
• Minimum deposit: $1,000.
• Provides the lowest spreads, starting from 0.0 pips, with a commission of $10 per standard lot.
• VIP Account:
• Suitable for traders with large trade volumes.
• Minimum deposit: $5,000.
• Offers tight spreads starting at 0.0 pips, with a commission of $7 per standard lot.

OTX Forex Broker Account Opening Process

Opening an account with OTX Forex is straightforward and can be done in a few simple steps:

• Visit the Website: Go to the OTX Forex homepage.
• Click on "Open Account": Locate the "Open Account" link on the homepage.
• Fill in Required Details: Complete the registration form with personal information and upload necessary documents for verification.
• Approval: Wait for account approval from the compliance team.
• Fund Your Account: Once approved, deposit funds into your account to start trading.

For more detailed information, you can visit the OTX Forex website.