Warana Account Type

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

• Savings Account:
• Minimum Balance: $1000 with checkbook facility in urban areas; $500 without checkbook.
• Interest Rate: 3.50% per annum, paid half-yearly.
• Checking Account:
• Features: No monthly fees, free ATM withdrawals at Warana ATMs, online bill pay, and mobile banking.
• Money Market Account:
• Requirements: High minimum balance, providing higher interest rates compared to standard savings accounts.
• Forex Trading Account:
• Minimum Deposit: $100.
• Maximum Leverage: 1:500.
• Spreads: Typically between 0.2 and 1 pip.
• Equities and Derivatives Account:
• Trading Instruments: Includes stocks, bonds, commodities, and derivatives.

Warana Broker Account Opening Process

To open an account with Warana, follow these steps:

• Research: Understand the different account types and their features to choose the one that fits your trading goals.

• Gather Required Documents: Prepare necessary documents such as proof of identity, address proof, and a passport-sized photograph.

• Complete Application: Fill out the online application form provided on the Warana website or visit their office. Ensure all information is accurate.

• Fund Your Account: After your application is approved, deposit the minimum amount required for your chosen account type. Warana accepts various funding methods, including bank wire and credit/debit cards.

• Start Trading: Once your account is funded, you can begin trading through the platforms offered by Warana, including MetaTrader 4.

For more details, visit the official Warana website: Warana FX.