Power FX Account Type

Power FX offers various types of trading accounts to cater to different trader needs and preferences. The primary account types include:

• Standard Account:
• Minimum Deposit: $10
• Leverage: Up to 1:1000
• Access: Trade a wide range of markets including forex, commodities, and cryptocurrencies.
• VIP Account:
• Eligibility: Designed for high net worth individuals trading large volumes.
• Discounts: Up to 30% discount on market spreads.
• Benefits: Access to VPS with no restrictions and lower commission rates on MT5 VIP accounts.
• Professional Account:
• Upgrade: Available for retail clients who meet eligibility criteria and have institutional funding.
• Features: Higher leverage and negative balance protection.

Power FX Broker Account Opening Process

Opening an account with Power FX involves a straightforward process:

• Registration:
• Visit the Power FX website and click on the "Open Account" button.
• Fill out the registration form with personal details such as name, date of birth, and address.
• Verification:
• Upload necessary documents for identity verification, which may include a passport or driver's license and proof of address (e.g., utility bill).
• Funding:
• After verification, log into the broker portal to fund your account.
• Multiple payment methods are available, including credit cards and bank transfers.
• Trading:
• Once funded, you can start trading on more than 250 instruments across various asset classes.