TargetFX offers three different types of trading accounts to cater to various trading needs and skill levels:
- ECN Account
- Minimum Deposit: $5,000
- Leverage: Up to 1:500
- Spread: Raw
- Commission: $8 per lot
- Margin Call: 100%
- Stop Out Level: 30%
- Trading Platform: MT-5
- Pro Account
- Minimum Deposit: $2,000
- Leverage: Up to 1:500
- Spread: 1 pip
- Commission: $0
- Margin Call: 100%
- Stop Out Level: 30%
- Trading Platform: MT-5
- Standard Account
- Minimum Deposit: $50
- Leverage: Up to 1:500
- Spread: 1.5 pips
- Commission: $0
- Margin Call: 100%
- Stop Out Level: 30%
- Trading Platform: MT-5
These accounts allow traders to experiment with different strategies and practice in real market conditions.
TargetFX Broker Account Opening Process
To open an account with TargetFX, follow these steps:
- Create Your Account
- Visit the TargetFX website and click on the "Open Account" option.
- Fill out the registration form with your personal information.
- Deposit Funds
- After your account is created, fund your trading account with a minimum deposit based on the account type you choose (e.g., $50 for Standard, $2,000 for Pro, or $5,000 for ECN).
- Begin Trading
- Once your account is funded, you can start trading. Access the MT-5 trading platform to execute trades and manage your portfolio.
TargetFX accounts can be viewed for products that can be traded -- accounts with a minimum deposit of $50 by (2+) --.