Pip Flex Account Type

Pip Flex offers a variety of account types tailored to meet the needs of different traders. These accounts include:

• Standard Account: This is the most common type, allowing access to standard lots of currency, each worth $100,000. It typically requires a minimum deposit of $1,000 and offers leverage of up to 100:1.

• Mini Account: Designed for beginners or those with limited funds, mini accounts allow trading in mini lots of $10,000. The minimum deposit is generally lower, around $250 to $500, with leverage up to 400:1.

• Managed Account: For those who prefer professional management, a managed account allows a broker to make trading decisions on behalf of the investor. This type often requires a higher initial investment, typically starting at $2,000 for pooled accounts.

• PIP Accounts: These are specialized accounts based on the PAMM system, where partners can earn a 50% return on successful trades made by managing traders.

Pip Flex Broker Account Opening Process

To open an account with Pip Flex, follow these steps:

• Account Creation: Begin by selecting the type of account that suits your trading needs (Standard, Mini, Managed, or PIP account). Ensure to use your business name if applicable.

• Evaluation and KYC: After creating your account, complete the Know Your Customer (KYC) process by providing personal credentials.

• Minimum Deposit: Fund your account with the required minimum deposit amount, which varies depending on the account type:

• Standard Account: $1,000
• Mini Account: $250 - $500
• Managed Account: $2,000 (for pooled accounts)
• Payout Request: When requesting a payout, you will need to undergo an additional KYC process, which requires specific documents related to your business, such as:
• Director's ID and proof of address
• Certificate of registration and articles of association
• Verification: Complete the identity verification process to ensure compliance with regulations.

Once these steps are completed, your account will be set up, and you can start trading with Pip Flex.