TechFX broker Accounts

techfx Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

techfx Account Types Explained

TechFX offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types along with their key features.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Floating spreads starting from 1.2 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Suitable for beginners, simple pricing structure, supports micro lots.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, metals, CFDs, stocks.

2. Zero Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for active traders seeking tight spreads.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, metals, CFDs.

3. Micro Account

• Minimum Deposit Requirement: $50
• Spread/Commission Structure: Floating spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:400.
• Key Features: Designed for traders who prefer smaller trade sizes.
• Target User Profile: New traders wanting to practice with lower risk.
• Trading Instruments Available: Forex, metals.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: Zero Account
• Advanced: Zero Account

Detailed techfx Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• Zero: $200

• Micro: $50

• Maximum Leverage:

• Standard: 1:500

• Zero: 1:500

• Micro: 1:400

• Spreads (Typical/Minimum):

• Standard: 1.2 pips

• Zero: 0.0 pips

• Micro: 1.5 pips

• Commission Fees:

• Standard: None

• Zero: $5 per lot

• Micro: None

• Lot Size:

• Standard: Micro (0.01 lot)

• Zero: Standard (1.0 lot)

• Micro: Micro (0.01 lot)

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market execution

• Zero: ECN execution

• Micro: Market execution

• Islamic Account Availability: Yes, available for all account types.

• Swap-Free Options: Available upon request for Islamic accounts.

• Demo Account Features: Available for all account types with a virtual balance of $10,000.

Advantages of Each Account Type

• Standard Account:

• Simple and transparent pricing.

• No commission fees.

• Ideal for beginners.

• Zero Account:

• Tight spreads for cost-effective trading.

• Suitable for high-frequency traders.

• Access to advanced trading tools.

• Micro Account:

• Low minimum deposit for risk-averse traders.

• Flexibility in trading small amounts.

• Great for practice and learning.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to Zero Account.

• Limited features for advanced trading strategies.

• Zero Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Micro Account:

• Limited trading instruments available.

• May not suit experienced traders looking for advanced features.

techfx Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to most countries; specific restrictions may apply.
• Prohibited Countries: Countries under international sanctions or restrictions.

Identity Verification Documents Needed

• Valid government-issued ID (passport, drivers license).
• Proof of residence (utility bill, bank statement).

KYC/AML Compliance Procedures

• All applicants must complete KYC (Know Your Customer) procedures.
• Verification of identity and address is mandatory.

Verification Time Frames

• Account verification typically takes 1-3 business days.

Step-by-Step techfx Account Opening Guide

1. Visit the Website: Go to the TechFX homepage.
2. Click Registration: Locate and click on the "Register" button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Not receiving verification email.

• Solution: Check spam/junk folder or request a new verification email.

• Issue: Document upload failure.

• Solution: Ensure documents are clear and meet the required format.

Average Account Approval Time

• Typically, accounts are approved within 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

techfx Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments.
• Virtual balance of $10,000 for practice.
• Full access to trading platforms (MT4, MT5).

How to Open a Demo Account

• Follow the same registration process and select "Demo Account" during the account type selection.

Demo Account Limitations

• Limited to a virtual balance; cannot be used for real trading.

Virtual Balance Amount

• Standard virtual balance is $10,000.

Demo vs Live Account Differences

• Demo accounts simulate trading without real financial risk, while live accounts involve actual funds.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days unless extended.

techfx Islamic Account Details

Swap-Free/Islamic Account Availability

• TechFX offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must provide documentation to confirm the request for an Islamic account.

Differences from Standard Accounts

• No swap fees applied on overnight positions.

How to Apply for Islamic Account

• Indicate the request during the account registration process or contact customer support.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading strategies.

FAQs – techfx Account Types & Opening

1. What account types does techfx offer？

• TechFX offers Standard, Zero, and Micro accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, Zero: $200, Micro: $50.

1. How long does techfx account verification take？

• Verification typically takes 1-3 business days.

1. Does techfx offer demo accounts？

• Yes, demo accounts are available with a virtual balance of $10,000.

1. Can I have multiple account types with techfx？

• Yes, you can open multiple account types.

1. Does techfx offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available upon request.

1. What documents do I need to open a techfx account？

• A valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.