PSB Forex Account Type

　　PSB Forex offers a single account type for its clients, which allows trading with fixed spreads and micro-tradable lots. The broker provides leverage of up to 1:40 on the MT5 trading platform. The fixed spread for the EUR/USD pair is 1.9 pips, and there are no commission fees charged. However, to open an account, clients must deposit a minimum of 100,000 RUB (approximately $1,500), which is significantly higher than the typical starting deposit required by most brokerages, which ranges from $100 to $250.

PSB Forex Broker Account Opening Process

　　To open an account with PSB Forex, follow these steps:

• 　　Initial Deposit Requirement: Prepare to deposit at least 100,000 RUB (over $1,500) as the minimum initial deposit.

• 　　Application Submission: Complete the account application form available on the PSB Forex website or through their customer service.

• 　　Documentation: Provide the necessary documents for verification, which may include:

• Proof of identity (e.g., passport, national ID)
• Proof of address (e.g., utility bill, bank statement)
• Any other documents as required by the broker.

• 　　Verification Process: Once the application and documents are submitted, PSB Forex will conduct a verification process. This may involve a personal verification meeting or video call.

• 　　Account Activation: Upon successful verification, you will receive your account details, including your account number, allowing you to start trading on the MT5 platform.

• 　　Funding Your Account: Ensure that your account is funded before initiating any trading activities.

　　By following these steps, you can successfully open an account with PSB Forex and begin trading in the forex market.