Before opening a forex account you should decide what account type you need. It can be a demo account, a mini forex account or a standard account. Demo and real accounts are exactly the same in every respect except one - there is no capital at risk when trading on the demo forex account. Currency rates available in the demo forex system are exactly the same as those in the trading forex platform.
Forex brokers do every effort to make sure that demo users get the full and complete picture of what will be available to them when they open a live forex account. A standard account will suit those who already have some skills and experience in trading real money and feel confident on the forex market. Mini forex accounts are a great opportunity to take a crack at this business as the contracts sizes are smaller. We usually recommend starting with forexdemo accounts to understand all advantages and disadvantages any given forex broker has. After you receive some forex trading practice and experience with a forex demo account, you can choose between mini and standard forex accounts.
One more option to choose is to open a forex managed account. The major difference between the above listed types of accounts and the managed one is that an experienced manager trades your money on your behalf and is paid for this. This might be really helpful for the beginners who may be lost or confused by the vast choice of forex trading accounts, brokers, or simply do not have enough time to trade themselves. There still may be risk to bump into a scammer. That is why we strongly recommend checking forex managed accounts reviews before making a decision. Your first steps will be choosing a forex broker, trading conditions, and account size. Opening a forex trading account is like opening a bank account. You need to provide your forex broker with personal information in order to identify yourself. Very often this information is required by regulators. You'll also have to sign the risk disclosure. It reminds you that forex trading is risky and requires a thoughtful approach.
Trading 24 hours a day from Sunday 5pm ET - Friday 5pm ET
Commission free trading (FOREX.com is compensated through the bid/ask spread)
Web-based trading platform requires no download or installation
Free access to charting, news and research
24 hour customer support
Mobile trading available.
No Dealing Desk Execution
S.T.P. direct to the Market
From 0 pips spread
Level II Pricing with full market depth
Market Execution of Orders
cAlgo for automated trading
Practice Trading Forex Risk Free
Demo account features:
Live buy & sell prices
$50,000 of virtual money
Trade online, 24-hours a day, 5 days a week
100% Credit Bonus
Zero Spread Account
$0 Fees on Deposits
Free Education - Webinars
Security of Funds - Segregated Accounts
Regulated by FSC & CySEC
7 Trading Platforms
Minimal deposit of $1
Spread starting from 0 pip
Leverage up to 1:3000
29 currency pairs, 2 metals
Minimal order volume of 0.01 lot
Quotes precision of 0.00001
Trade with any advisors or strategies
Customer support in 13 languages
Regulated by the FCA of the United Kingdom
Safety of Client Funds policy and FSCS protection
Accounts starting with only US$50
Free demo accounts
Trade forex, oil/gas, metals, commodities, indices and stocks from a single integrated account
Up to 400:1 leverage, low spreads, no commissions, instant execution
24 Hours 5 Days a week customer support by phone, mail or chat
Minimum deposit is 300$
Leverage up to 1:400
Low fixed and floating spreads from 0 pip
Guaranteed execution of StopLoss and TakeProfit at stated price.
Protection from negative balance of trading account
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