PTFX Account Type
PTFX offers a single standard account type for traders. Here are the key details:
- Minimum Deposit: $1,000, which is relatively high compared to many other brokers.
- Leverage: Up to 1:200, allowing traders to amplify their trading positions.
- Spreads: The spread for the popular EUR/USD currency pair ranges from 1.1 to 1.3 pips, which is competitive within the industry.
- Demo Account: Available for traders to practice and familiarize themselves with the trading platform without risking real money.
- Trading Platform: PTFX utilizes the widely recognized MetaTrader 4 (MT4) platform, known for its user-friendly interface and advanced charting capabilities.
PTFX Broker Account Opening Process
Opening an account with PTFX involves the following steps:
- Visit the Website: Go to the official PTFX website (though it is noted that the official site is currently not functional).
- Provide Required Documents: You will need to submit proof of identity (such as a passport or driver's license) and proof of residence (like a utility bill or bank statement).
- Complete the Application: Fill out the online application form, providing your personal details and selecting the account type.
- Account Verification: PTFX will verify your identity, which may take some time. Ensure that you provide clear and legible documents.
- Fund Your Account: Once your account is approved, you can deposit funds using the available payment methods (specific methods are not detailed).
- Start Trading: After funding your account, you can begin trading on the PTFX platform.
Please note that due to the lack of regulation and reports of scams associated with PTFX, it is advisable to proceed with caution when considering opening an account with this broker.
PTFX accounts can be viewed for products that can be traded accounts with a minimum deposit of by (2+) .