Opening a Forex Account ONLINE

Opening an account with an online Forex broker is usually done in 3 easy steps:

1. Selecting the type of account


2. Register


3. Activate your account

[caption id="" align="aligncenter" width="472"] Opening a Forex Account ONLINE[/caption]

Opening a Forex Account Before you start trading with the hard-earned money, it's a good idea to consider opening a demo account first. Even this way you can open several demo accounts in different brokers (it's free) and so test and evaluate different platforms before deciding which one best fits your needs.

Types of Accounts

When you are ready to open a real account, you have the option to open an account in your name or on behalf of your company. You should also decide if you want to open a "standard" account or a "mini" or even "micro" account. Beginner or account traders with very small capital should always start by opening a "mini" or "micro" account. Only experienced traders with higher capital should open a standard account.

Read the Contracts well

Some brokers offer "managed accounts", but in these cases you will usually need minimums starting at € 25,000 / deposit and the idea is to learn how to do it yourself. In the cases of managed accounts the broker will also want a portion of the profits.

Registry

In order to register you must complete a registration form with your personal data. Most regulated brokers will also ask you for some required documents such as proof of identity (copy of ID, passport or driving license), proof of residence address (invoice for electricity, water or telephone services in your name that Show your address) and sometimes also some document proving that you are the owner of the means of payment that you are going to use to deposit / withdraw funds. These documents are requested to comply with the regulations of the regulatory agencies on customer safety and anti-money laundering.

Activating the Account

Once the broker has received all the required paperwork, you should receive an email with the instructions to complete the activation. Once you have completed these steps, you will get a final email with the username, password and instructions to transfer initial funds to your account.

Then, you just have to log on to the trading platform and start trading in Forex. Really simple, right?

Wait a minute! HIGH!

Stop

We strongly recommend that you take the time to learn how to invest by following the articles you have at your free disposal in our Forex Course before you start to risk your real money.

Why?

Because if you do not and you start to operate without the necessary knowledge, you will probably lose all the money in your account much sooner than you think!

NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.