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How to open a Forex account?

If you are a novice trader, you should know how to open forex account. It does not matter, it's a demo or real - both types of accounts are important. Opening an account with real money may also be different, because there are different types of accounts - cent and dollar, with accrual swaps without them.

Today we will examine how to open forex account.

First Steps

Before opening a live account you need to determine the broker through whom you trade. Everything is important here: trading conditions, payment systems, through which will be input and output means, easy navigation online broker and trader for different utility like analysts and economic calendar. In general, it is necessary to take into account all the nuances and choose Forex broker liking and desire.

Can look into the company Forex4you or FAQs. Large selection of accounts, a variety of additional services for trading and investing - all this can evaluate and make your choice.

Estimating trading conditions, it is desirable to choose a broker with a presence cent accounts. Them easier to trade - both mentally and physically (you will need a smaller start-up capital).
Convenient use best ea for forex trading broker on this.

Let's look at the procedure of opening a trading account with real money on the example of broker Forex4you.

Algorithm of our actions

To open a Forex account, go to the main page broker (Forex4you). In the left column select the desired item to us - let it be "Open cent account." Carefully read the trading conditions for each of the 3 supplied to us to choose types of accounts.

Type Cent has a minimum lot of 0.1, we need the same small lot - 0.01 (type of account and CentLite CentNDD). The latter option also has the function OneClickTrading (trade in one click) and less time opening position, which is very convenient. The remaining parameters are identical for all 3 types of accounts. So, the choice is obvious - CentNDD.

Next click "Open Account" and get to the page where we offer to fill out the registration form and select the trading conditions. Briefly on this.

Personal data only write your own, not making this up. Later, you will be offered pass the verification, which will need to do scans passports and send them to technical support. Verification is needed in order to be able to work with amounts over $1,000.

Leverage standard place or 1:100, 1:200 or more aggressive. if you check the box swap-free, then swaps (pay for the position through the night), you will not be charged. But the annual percentage (7%) on the balance of available funds in the beginning of the month will not be credited. If the score is normal (with accrual swap) - 1 number you get a small bonus (accruing interest).

Be sure to write down the password to the trading terminal, account number and the server on which you want the trade. These data (except for the password) will also be available to you in your personal account.

That's it. You can fund a trading account and start trading.

By the way, the type of accounts CentNDD supports five-digit quotes - remember about it. Generally, NDD-trade (NonDealingDesk) is very popular today, so traders open accounts in this format.

Now you see that open Forex account is not so difficult. The main thing - be careful and understand what you're doing.

Profit you!

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