Rating Index
Pros
Offers two distinct account types for professional and institutional traders.
Specializes in forex trading and provides access to a variety of instruments, including cryptocurrencies and metals.
Has been in operation for over 25 years, indicating a level of experience in the market.
Cons
Lacks valid regulatory oversight, which may pose risks for traders.
Limited information available regarding trading fees and costs associated with account types.
Customer support may not be as robust, with feedback indicating potential delays in assistance.
TrueFX broker Accounts
TrueFX Account Types
TrueFX offers a variety of trading accounts to cater to different trading styles and preferences. The available account types include:
- STP Mini Account
- Max Leverage: Up to 1:100
- Typical Spreads: 1.5 to 3.0 pips on major pairs
- Commissions: None
- Minimum Initial Deposit: None (minimum $50 recommended)
- Minimum Trade Size: 0.01 lot
- Trading Platforms: MetaTrader and xStation (web & mobile)
- Mobile Trading: Available on Android & iOS
- STP Standard Account
- Max Leverage: Up to 1:100
- Typical Spreads: 0.9 to 1.8 pips on major pairs
- Commissions: None
- Minimum Initial Deposit: $500 (USD or EUR)
- Minimum Trade Size: 0.01 lot
- Trading Platforms: MetaTrader and xStation (web & mobile)
- Mobile Trading: Available on Android & iOS
- True ECN Account
- Max Leverage: Up to 1:100
- Typical Spreads: 0.0 to 0.4 pips on major pairs
- Commissions: $0.04 per 1,000 (micro lot) (0.08 round turn)
- Minimum Initial Deposit: $1,000 (USD or EUR)
- Minimum Trade Size: 0.01 lot
- Trading Platforms: MetaTrader and xStation (web & mobile)
- Mobile Trading: Available on Android & iOS
Select an Account Type: Choose from STP Mini, STP Standard, or True ECN account based on your trading needs.
Register: Fill out the application form on the TrueFX website, providing your personal information.
Fund Your Account: Deposit the required minimum amount as per the selected account type. Funding methods may vary.
Start Trading: Once your account is funded, you can access the trading platforms and start trading.
Note: Trading account conditions and fee structures are subject to change. Always check for the latest conditions.
TrueFX Broker Account Opening Process
Opening a trading account with TrueFX involves a straightforward process:
For more details, visit TrueFX.
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