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PJB offers various types of brokerage accounts to cater to different trading needs and preferences. The primary account types include:
Standard Account: This account allows traders to engage in forex trading with a typical leverage of 100:1, enabling them to trade in standard lots worth $100,000. It is suitable for experienced traders who can manage higher capital requirements, typically starting at $2,000.
Mini Account: Designed for beginners or risk-averse traders, the mini account permits trading with mini lots of $10,000. This account type usually requires a lower initial investment, ranging from $250 to $500, and offers higher leverage options, up to 400:1.
Managed Account: For those preferring a hands-off approach, PJB provides managed accounts where professional portfolio managers handle trading decisions. These accounts often require a minimum investment of $2,000 for pooled funds and $10,000 for individual accounts.
Opening a brokerage account with PJB involves the following steps:
Select Account Type: Choose between a standard, mini, or managed account based on your trading experience and capital.
Provide Personal Information: Fill out the application form with necessary details such as your name, contact information, and tax identification number.
Submit Required Documents: Upload identification documents, including a government-issued ID, proof of address, and any income verification if applicable.
Verification Process: PJB will review your application and documents. This process may take a few hours to a couple of days.
Fund Your Account: Once approved, transfer funds into your account via bank transfer or other accepted methods. Ensure you meet the minimum deposit requirement for the selected account type.
Start Trading: After funding your account, you can begin trading on the PJB platform.
Explore broker markets account types: forex/trading accounts with demo access.