RSI Forex Account Type

RSI Forex offers various account types to cater to the needs of different traders. Here are the primary account types available:

• Standard Account:
• Minimum Deposit: $100 - $500
• Spreads: Typically higher than micro accounts, but lower due to higher deposit amounts.
• Commission: No commission charged; traders pay the spread.
• Micro Account:
• Minimum Deposit: $10 - $100
• Spreads: Higher compared to standard accounts.
• Commission: Generally, no commissions; traders pay the spread.
• ECN Account:
• Minimum Deposit: $300 or more
• Spreads: Lower than standard accounts, with no spread markup.
• Commission: Charges a commission per trade, which may vary based on trading volume.
• No Swap Account:
• Designed for traders who wish to avoid overnight interest due to religious reasons.
• Minimum Deposit: Similar to standard accounts, but with slightly higher spreads.
• VIP Account:
• Minimum Deposit: Typically $5,000 or more.
• Offers specialized services, lower spreads, and dedicated customer support.

RSI Forex Broker Account Opening Process

Opening an account with RSI Forex involves a straightforward process. Here are the steps:

• Choose Account Type: Decide on the account type that suits your trading style and financial capacity.

• Visit the Website: Go to the RSI Forex website and click on the “Open Account” button.

• Fill Out Registration Form: Provide personal information, including:

• Full Name
• Email Address
• Date of Birth
• Country of Residence

• Choose Base Currency: Select the base currency for your trading account.

• Submit Identification:

• Government-issued ID (passport or drivers license).
• Recent utility bill for address verification.

• Complete the Questionnaire: Answer questions regarding your trading experience and financial status.

• Account Verification: Submit the required documents for verification. This may take a couple of days.

• Fund Your Account: Once verified, deposit funds using the available payment methods (credit/debit cards, bank transfers, etc.).

• Start Trading: After funding your account, you can begin trading on the RSI Forex platform.