RXCF Account Type

RXCF offers a variety of account types to cater to the diverse needs of traders. The primary account types include:

• Standard Account:
• Minimum Deposit: $2,000
• Leverage: Up to 100:1
• Lot Size: Standard lots of $100,000
• Advantages: Access to more services and better perks due to higher capital requirements.
• Disadvantages: Higher risk of loss due to significant capital at stake.
• Mini Account:
• Minimum Deposit: $250 to $500
• Leverage: Up to 400:1
• Lot Size: Mini lots of $10,000
• Advantages: Lower risk and capital requirement, suitable for beginners.
• Disadvantages: Lower potential rewards, as each pip movement is worth $1.
• Managed Account:
• Minimum Investment: $2,000 for pooled accounts, $10,000 for individual accounts
• Management: Professional portfolio managers make trading decisions.
• Advantages: Professional guidance and portfolio diversification without active management.
• Disadvantages: Additional fees and less control over trading decisions.

RXCF Broker Account Opening Process

Opening a broker account with RXCF involves a straightforward process:

• Select Account Type: Choose from the available account types (Standard, Mini, or Managed) based on your trading needs and risk tolerance.

• Complete Application: Fill out the application form with personal information, including:

• Name
• Address
• Social Security Number or Tax ID
• Employment details
• Annual income and net worth

• Submit Identification: Provide necessary identification documents such as a government-issued ID (driver's license or passport).

• Fund Your Account: Transfer funds to your account. Minimum deposits vary by account type:

• Standard Account: $2,000
• Mini Account: $250 to $500
• Managed Account: $2,000 for pooled, $10,000 for individual

• Verification: Wait for the broker to verify your application and identification.

• Start Trading: Once your account is funded and verified, you can begin trading on the platform.