Set FX Account Type

Set FX offers various types of trading accounts to cater to different trading styles and preferences. The primary account types include:

• Standard Account:
• Minimum Deposit: $2,000 - $10,000
• Lot Size: Standard lots of $100,000
• Leverage: Typically 100:1
• Best suited for experienced traders with adequate capital.
• Mini Account:
• Minimum Deposit: $250 - $500
• Lot Size: Mini lots of $10,000
• Leverage: Up to 400:1
• Ideal for beginners or risk-averse traders.
• Micro Account:
• Minimum Deposit: As low as $25
• Lot Size: Micro lots of $1,000
• Pip Value: $0.10 per pip
• Designed for investors with limited forex knowledge.
• Managed Account:
• Minimum Investment: $2,000 for pooled accounts, $10,000 for individual accounts
• Professional management of trades
• Suitable for investors who prefer not to trade themselves.

Set FX Broker Account Opening Process

Opening an account with Set FX is a straightforward process that can be completed in a few steps:

• Choose Your Account Type: Decide which account type (Standard, Mini, Micro, or Managed) best suits your trading needs.

• Visit the Set FX Website: Go to the official Set FX website to start the registration process.

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

• Full name
• Email address
• Phone number
• Date of birth
• Address
• Submit Identification Documents: Upload required documents for identity verification, such as:
• Government-issued ID (passport or driver's license)
• Recent utility bill for proof of address

• Account Verification: Wait for the broker to verify your account. This process typically takes 1-2 business days.

• Fund Your Account: Once verified, deposit funds into your trading account using available payment methods (bank transfer, credit/debit cards, etc.).

• Download Trading Platform: After funding your account, download the Set FX trading platform to start trading.

By following these steps, you can successfully open a trading account with Set FX and begin your forex trading journey.