TrueFire Account Types

TrueFire offers various types of trading accounts to cater to different trading needs and preferences. The primary account types include:

• Standard Account: This is the most common type, providing access to standard lots of currency worth $100,000. It typically requires a minimum deposit ranging from $2,000 to $10,000. This account is recommended for experienced traders due to its higher capital requirement and potential for significant gains or losses.

• Mini Account: Designed for beginners or those with limited capital, mini accounts allow trading in mini lots of $10,000. Most mini accounts can be opened with a minimum deposit of $250 to $500, offering leverage up to 400:1. This account type is ideal for those looking to manage risk while learning the trading process.

• Managed Account: For investors who prefer professional management, managed accounts are available. These accounts require a minimum investment of $2,000 for pooled funds and $10,000 for individual accounts. A professional manager makes trading decisions based on the investor's objectives, which can be beneficial for those with limited time or experience.

TrueFire Broker Account Opening Process

Opening a trading account with TrueFire involves a straightforward process:

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

• Complete the Application: Fill out the account application form with required personal information, including your name, address, and contact details.

• Submit Identification: Provide necessary identification documents for verification, such as a government-issued ID or proof of address.

• Fund Your Account: After your application is approved, you will need to fund your account. TrueFire requires a minimum deposit depending on the account type selected. For example, a Standard Account may require a deposit of at least $2,000.

• Start Trading: Once your account is funded, you can begin trading using the TrueFire platform, which supports the MetaTrader 4 trading software.

For more detailed information, please refer to the official TrueFire website: TrueFire Terms.