Forex new account

A real account will be automatically created upon completion but to activate it, we will need to verify your identity and may need to confirm some additional details with you.

My list of forex bonuses

FxPro Demo Trading Account, forex new account.

In the meantime however, you can immediately open a demo from the ‘accounts’ page in fxpro direct, allowing you to utilise risk-free trading and bringing you one step closer to the start of your trading journey.

Educational material
Fxpro.News
Calculators
Economic calendar

Fxpro demo trading account

To access the fxpro demo accounts, you need to complete the registration form and provide us with some information, however, you do not need to upload verification document(s) or fund until you are ready to trade live.

A real account will be automatically created upon completion but to activate it, we will need to verify your identity and may need to confirm some additional details with you. In the meantime however, you can immediately open a demo from the ‘accounts’ page in fxpro direct, allowing you to utilise risk-free trading and bringing you one step closer to the start of your trading journey.

Real-time pricing

Up to 100k in virtual funds

Available for all platforms

8 base currencies

Top up via fxpro direct

180-day life span

Open a demo account

Opening a demo account through our fxpro mobile app is the perfect option, as after completing the registration, you can immediately start using the demo account, within the very same app!

Alternatively, you can open a demo account from your fxpro direct portal, for any of our platforms and account types. Please click here for a full comparison.

Compliment your demo account trading with our exclusive content & trader tools including:

Educational material

Fxpro.News

Calculators

Economic calendar

What is demo trading?

A trading demo or simulation essentially allows you to experience the market and platform features, using virtual funds and therefore without risk.

Why open a demo with fxpro?

New to trading? Our free demo forex accounts will allow you to practise and hone in your trading skills risk-free until you feel confident enough to trade live.

You can also make use of it as an experienced trader if you want to test different trading strategies.

Demo faqs

Although demo accounts present real market conditions and prices, please keep in mind that they are simulations and cannot always reasonably reflect all of the market conditions as during highly volatile or illiquid periods (e.G. Market openings, news announcements) they may not behave in the same manner as live accounts.

Margin and leverage settings may vary between your demo and live account and you should not expect any success with the demo account to be replicated in your live trading.

For this reason, it is strongly recommended that demo accounts are viewed solely as a learning tool for inexperienced traders or a place for testing new trading strategies.

Open an account

Ideal for traders who want a traditional, spread pricing, currency trading experience

For traders who are seeking ultra-tight spreads with fixed commissions.

Not available on metatrader.

Recommended bal. $25,000, min. Trade size 100K

Active trader program

Cash rebates of up to $10/mil volume traded

Professional guidance from your own market strategist

Reimbursement of any bank fees on all wire transfers

How do I open a joint or corporate account?

What are the differences between a demo and live account?

How does FOREX.Com make money?

Try a demo account

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Please note that foreign exchange and other leveraged trading involves significant risk of loss. It is not suitable for all investors and you should make sure you understand the risks involved, seeking independent advice if necessary.

Contracts for difference (cfds) are not available to US residents.

FOREX.Com is a trading name of GAIN global markets inc. Which is authorized and regulated by the cayman islands monetary authority under the securities investment business law of the cayman islands (as revised) with license number 25033.

FOREX.Com may, from time to time, offer payment processing services with respect to card deposits through its affiliate, GAIN capital UK ltd, devon house, 58 st katharine’s way, london, E1W 1JP, united kingdom.

GAIN global markets inc. Is part of the GAIN capital holdings, inc. Group of companies, which has its principal place of business at 135 US hwy 202/206, bedminster, NJ 07921, USA. All are separate but affiliated subsidiaries of stonex group inc.

Forex new account

As an existing XM real account holder you can simply register an additional account through the members area with 1 click. No additional validation is required.

Unlimited loyalty program

Earn XM points on every trade, then redeem those points for real cash rewards and trading bonuses.

Extra bonuses

Get additional exclusive bonuses throughout the year either on a seasonal basis or by invitation only.

Legal: this website is operated by XM global limited with registered address at no. 5 cork street, belize city, belize, CA.

Trading point holdings ltd is the holding company of trading point of financial instruments limited, XM global limited, trading point of financial instruments UK limited, trading point of financial instruments pty ltd, and trading point MENA limited.

Trading point of financial instruments limited is authorised and regulated by the cyprus securities and exchange commission (cysec) (licence number 120/10).
XM global limited is authorised and regulated by the international financial services commission (IFSC) (license number 000261/106).
Trading point of financial instruments UK limited is authorised and regulated by the financial conduct authority (FRN: 705428).
Trading point of financial instruments pty ltd is authorised and regulated by the australian securities and investment commission (AFSL 443670).
Trading point MENA limited is authorised and regulated by the dubai financial services authority (DFSA) (reference no. F003484).

Risk warning: forex and CFD trading involves a significant risk to your invested capital. Please read and ensure you fully understand our risk disclosure.

Restricted regions: XM global limited does not provide services for the residents of certain countries, such as the united states of america, canada, israel and the islamic republic of iran.

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In addition, functional cookies, for example, are used to allow us to remember your preferences and identify you as a user, ensure your information is secure and operate more reliably and efficiently. For example, cookies save you the trouble of typing in your username every time you access our trading platform, and recall your preferences, such as which language you wish to see when you log in.

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How to open an account

You can start trading across our range of award-winning platforms in three simple steps: complete our application form, verify your identity and deposit funds. You are now ready to place your first live trade with OANDA. It is as easy as that.

Step 1: apply for an account

To apply, you must be over 18 years old, and a legal resident of the united states. We only ask questions that are relevant to your application and for regulatory purposes. Be prepared to upload proof of identity and address, such as your drivers license.

Step 2: verify your identity and proof of address

We may need you to send some documentation to verify your identity. You can scan the below documents or use your smartphone to take a picture of the documents and submit them through our secure portal.

Driver’s license (proof of identity and address)

You can use your driver's license to validate your identity and address. Scan or take a photo of the front of your license. Please ensure that the full page of the document is visible, all written details are legible and the face in the photo is clear/identifiable.

Don’t have a driver’s license? You can also verify your identity and proof of address using the below documents:

Government-issued passport or ID card (proof of identity)

Scan or take a photo. The scan should show your photo, name and date of birth. The document should be valid as of today (not expired).

Utility bill, bank statement or other document with your name and address on it (proof of address)

The document should show your current residential address and must match the address on your OANDA account application. It should be mailed or dated within the last three months and should be issued in your name. We cannot accept documents addressed as ‘c/o' or ‘care of’ unfortunately.

Step 3: fund and trade

To deposit funds, log in to ‘manage funds’ using your OANDA account details and click on the ‘deposit’ button. You can fund your trading account using a number of methods, including debit cards, bank wire transfer, check (USD) and automated clearing house (ACH). There is no minimum deposit amount. Note: you can only deposit up to 50% of your net worth.

Ready to start trading? Open an account in minutes

Already have a live trading account? It's easy to fund your account using one of the following payment methods.

Depositing and withdrawing funds

It is simple and straightforward to deposit and withdraw funds to and from your OANDA account.

Transparent trading costs

We are upfront about our fees so you know how much you are paying when you trade with us.

Trade forex with OANDA

We are a globally-recognized broker with 23 years' experience in foreign exchange trading.

© 1996 - 2021 OANDA corporation. All rights reserved. "OANDA", "fxtrade" and OANDA's "fx" family of trademarks are owned by OANDA corporation. All other trademarks appearing on this website are the property of their respective owners.

Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise you to carefully consider whether trading is appropriate for you in light of your personal circumstances. You may lose more than you invest. Information on this website is general in nature. We recommend that you seek independent financial advice and ensure you fully understand the risks involved before trading. Trading through an online platform carries additional risks. Refer to our legal section.

OANDA corporation is a registered futures commission merchant and retail foreign exchange dealer with the commodity futures trading commission and is a member of the national futures association. No: 0325821. More information is available using the NFA basic resource.

Trading FX on margin is high risk and not suitable for everyone. Losses can exceed investment.

Up to $10,000 in cash back！
for FX 「FXTM」

Get $5 per transaction

Special campaign for new customers

With FXTM, you can get an extra $50 bonus for referring a friend.
You can also participate in contests for cash prizes if you open a real account.

Up to 2000x leverage

Financial license holder

Social trade is possible

Support for 18 languages

Compatible with the classic MT4 and MT5

An easy-to-use platform for beginners

With FXTM, you can get an extra $50 bonus for referring a friend.
You can also participate in contests for cash prizes if you open a real account.

Why choose FXTM?

Many customers choose FXTM for a reason.

2000x leverage

With FXTM, you can implement up to 2,000 times leverage for account balances up to $50,000. You can trade more with smaller amounts of money. After that, you can trade with as much as 1,000x for up to $200,000.

Copying other traders’ trades

Social trading is available at FXTM. With the ability to copy many traders’ trades, even beginners can easily trade forex.

Brokers used by over 2 million people

There are more than 2 million people worldwide who use FXTM. This is proof of the trustworthiness of FXTM and the reason why it is recommended to open an account.

Cashback bonus

Trade with an FXTM account and earn up to $10,000 back and enjoy FXTM’s unique loyalty program.

Forextime limited (www.Forextime.Com/eu) is regulated by the cyprus securities and exchange commission with CIF license number 185/12, licensed by the financial sector conduct authority (FSCA) of south africa, with FSP no. 46614. The company is also registered with the financial conduct authority of the UK with number 600475.|terms of service

Exinity limited is a member of financial commission, an international organization engaged in a resolution of disputes within the financial services industry in the forex market.

Risk warning: trading forex and leveraged financial instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the client to ascertain whether he/she is permitted to use the services of the FXTM brand based on the legal requirements in his/her country of residence. Please read FXTM’s full risk disclosure. Regional restrictions: FXTM brand does not provide services to residents of the USA, mauritius, japan, canada, haiti, suriname, the democratic republic of korea, puerto rico, the occupied area of cyprus. Find out more in the regulations section of our faqs.

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BASE CURRENCY SETTING

Before you set up your accounts, you will want to make sure that your base currency is correctly set. Set this at the top of the page by rolling over the title bar (or by choosing full page headers in the settings menu).

The base currency is the currency of the country in which you live.

This choice of your base currency is independent of any one broker and affects all readings throughout the trade log.

SET UP A NEW ACCOUNT

You’ll notice there is a ‘default’ account awaiting you on the account tab. You may edit that with your broker’s details and go from there. For additional accounts, click new and enter your broker’s details. Watch this video or continue reading below:

As you begin filling out the account editor dialog box that opens after you click new, it’s important to get everything right from the start before you begin entering trades into this account.

The account editor dialog box

The name of the account is entirely up to you. You can call any broker anything you like or abbreviate it as you like. The trade log does nothing to verify this information, so it is your choice.

ACCOUNT

The account number is only referenced by the trade log if you are using an MT4 broker and do an import of your broker’s statement. (learn more). In that case the account number must match your broker’s account or the import will fail. Otherwise feel free to use whatever you like as the account number, including text descriptions.

TIMEZONE

Timezone refers to the GMT offset of your broker. It has nothing to do with where you live.

Each broker has its own offset from greenwich mean time (GMT). Setting this up correctly means you can look at all your brokers’ reports together and have them be correctly matched for time.

Setting this up incorrectly may mean some of your trades don’t even show up on your summary or progress tracker tabs until a day after you take them!

Please see this article in the knowledge base to learn more and understand all about the GMT offset. You will definitely want to get this setting right before you begin entering trades into the log.

LOT TYPE

The lot type: choose standard, mini, micro or units. If you are confused, think of what 1.0 means to your broker when you place a trade and match that to this selection. Here are some examples or watch the video below:

If 1.0 = 1 standard lot then use “standard lot”.

If 1.0 = 1 mini, then use mini lot.

If you think “I trade mini lots” but you enter each trade as 0.1 then set the account for standard lots.

If you have your lot sizes wrong and then fix it – first verify that on new trades that you enter or import. Your old trades already entered do not get fixed retroactively. You’ll have to re-import them or modify their lot size to accommodate the initial incorrect setting you created them with. Changing the kind of lots sizes your broker uses does not change trades that are already in the database incorrectly.

EQUITY

Equity is your starting balance for tracking your trades in the log with this particular account. But there are actually three ways you can choose which date to use:

Your account’s original starting balance – and then enter all the trades you have taken since you opened the account.

Your account balance from the day you want to start entering trades into the log, taking today’s balance and then backing out wins and losses back to that date. It’s up to you how far to go back.

Your account balance as of today, and then only enter trades from this moment going forward.

The following video goes into detail about how to work with each of these 3 choices and what each entails.

Currency

The currency choice in the account editor dialog is how you hold your trading funds with that particular broker. It may or may not be the currency of your native country. For example, you may live in the UK and have a trading account with a swiss broker who may give you the choice of holding your funds in euros, pound sterling or other currencies. If you have one broker and have divided your funds into more than one currency, you’ll want to set up separate accounts in the trade log for each.

Note: the currency box in the account editor dialog is not asking for what your base currency is in the country in which you live. That is set at the top of the page (see above). This choice in the account editor is specific to the account you are now setting up. There’s a good chance it is the same currency, but it will not necessarily be the same.

The time to set the currency in which you hold funds in a brokerage account is when you first set that account up. You cannot change the currency once the account has been created. If you make a mistake at that time and enter a wrong currency, just follow the instructions for deleting the account (by bringing its balance to zero) and start over.

If the currency of any one broker is different than the base currency you have set on this page then then trade log will begin pulling in exchange rates for you for these different currencies, so they can all be accurately compared together.

Exchange rates are automatically retrieved and used whenever you have two or more brokerage accounts held in different currencies. Each trade you place is converted to your base currency and standardized so your reports can all be expressed in one common value with accuracy.

Forex trading accounts

To trade online, you need to open a forex trading account. When you sign up, you will likely have to choose among several account types. The best forex trading accounts are those that suit your personal needs perfectly. On this page, we look at the forex trading account options you have. We also discuss ways in which these account options will impact your trading performance. You will learn:

Which is the best forex trading account?

Account types. What is a standard account, a funded account, a mini/micro account, a managed account, etc?

Geographic account type considerations.

Below are the best forex trading accounts in your location:

The top 5 forex trading accounts in ukraine

Opening a forex trading account

What do you need to consider when opening a new forex trading account?

The brokerage firm. Is it reputable or is it a known scammer?

The services the brokerage firm offers.

Costs and incentives involved.

The account type that best suits your needs.

Once you have gotten these issues sorted, there is 3 step process for opening an account:

Fill out the application forms and provide the information your broker requires.

Fund your account.

Start looking for investment opportunities.

When you select a brokerage firm, you take all these factors into account. You need to know whether your would-be broker is a trustworthy destination for traders. Though fewer these days, rogue operations still exist. Creating a real money account with such a broker is flushing money down the toilet.

You also need to know what incentives your broker offers. Match up these incentives with the costs. The broker has to support the account type you prefer and it has to give you access to a proper suite of services. You may even have a preferred account funding method. The broker may or may not accept/support that method.

Services-wise, you are looking for:

Proper trading platforms, with solid technical analysis tools.

Access to education and research.

Trading foreign markets.

Special features you may want.

Convenience. Some brokerage firms offer face-to-face guidance. Others do not. It always makes sense from the perspective of trust, to prefer an operator with physical offices close by.

As far as incentives go, some brokers offer commission-free trading. Others may even reward you for certain achievements as a trader. You may even want to keep your savings with the broker if it rewards you for it.

Make sure you read and understand the full pricing schedule/policy of your broker.

Determining the right trading account type to meet your needs depends on what kind of trader you are, and what your objectives are.

When you fill out your application forms, be aware that you will have to provide information on your employment status, investable assets, and net worth. Some find such probing on the part of the broker quite intrusive.

You also have to provide a copy of your ID/driver’s license. If you want to trade options or gain access to margin, you may have to provide additional information.

Brokers accept several account-funding methods.

Various e-wallets. (neteller, paypal, skrill etc)

Bank transfer.

Electronic funds transfer.

Checks.

Some may accept asset transfers and even paper stock certificates.

Which is the best forex trading account?

As mentioned, the best account type for you is the one that best suits your needs and personal profile. The factors you should consider in this regard fall into two main categories.

Your investment objectives.
The type of trader you are.

Choosing a forex trading account based on your investment objectives

– most “casual” traders invest with a relatively near-term goal. The “make some money” mantra is the main driver behind such efforts. If this mantra describes your investment objectives, you likely need a traditional brokerage account. Such accounts do not offer any tax advantages. On the other hand, they do not tie up your investments long-term either.
You may also be able to trade on margin with such an account. Trading on margin involves borrowing money from the broker. The assets in your account will serve as collateral in this case. Trading on margin carries some obvious risks.

– if your goal is to secure your nest-egg for your retirement, an IRA (individual retirement account) is your option. All IRA options, such as traditional IRA, roth IRA, and rollover IRA offer you tax benefits. On the downside, you will not be able to touch this money before you are old.

Choosing a forex trading account based on what type of investor you are

– you are an absolute beginner. And as such, not much of an investor. What you need at this stage is education. Possibly some good trading signals as well. In a word, you need an account, through which the broker can hold your hand. It could be that your ambitions are not high. Still, you need to know why you are doing what you are doing. Customer service and user interface are important factors in your account selection.

– you are a “value” investor. Such investors buy and hold assets, to sell them when they appreciate. Such investors are not active traders. If you are a value investor, you value fundamental analysis. You have little use for charting and fancy technical indicators, however.

– passive investing. Those who invest in index funds passively do not require much from their broker. Unlike beginners, such traders don’t need their hands held either. They just need access to index funds, and good tradable asset selection within this category.

– high frequency trader. Active traders do not hold their positions long-term. They buy and sell with high frequency. Thus, they need all the bells and whistles their broker can offer them. They want good trading platforms with superb charting. Outstanding reporting and a highly functional interface are also musts. Technical analysis is the bread and butter of this trader category. Trading costs are also very important for active traders.

Forex trading account types

There are four basic account type categories: standard, funded, mini and managed. We will look at each in turn.

Within these categories, there are a few additional variants, such as the micro accounts. There are a handful of special account types as well, such as islamic accounts, demo accounts, and VIP accounts. Every one of these account options carries some advantages and some disadvantages.

Standard trading accounts

The name of this account option stems from the standard lots to which it gives traders access. A standard currency lot is worth $100,000. Such a lot size seemingly places this account type out of the reach of average traders.

You do not have to have $100,000 in your account to trade, however. The existence of margin and leverage means that you only have to have $1,000 to trade a standard lot.

Leverage varies based on many things. In the EU, forex leverage is capped at 1:30. In other places, brokers may offer leverage up to 1:500 even on standard accounts.

Brokers offer full services for the holders of standard accounts. Such accounts require upfront capital, so these are all depositing traders. The profit potential of this account type is significant as well.

On the downside, the same goes for loss potential. For this reason, you should only trade through a standard account if you are an experienced trader.

Funded trading accounts

Some brokers/other financial organizations fund certain traders. They provide them with starting capital, in exchange for a share of their future profits.

How does such a setup work?

Would-be funded account owners need to pass an evaluation program. If the broker’s analysts consider them to be good candidates, they grant them a funded account.

Funding can run into millions of dollars. Profit splits are in the 50% range. Funded accounts carry monthly profit targets. Traders who fulfill these targets can gain additional funding.

The broker pays out the profits periodically.

What do you need to do to secure such a funded account?

Your first step is to sign up for the evaluation program.

Trade through the evaluation account and reach the targets.

Earn a proper funded account and start making money for you and the account provider.

Mini and micro trading accounts

A standard account features $100,000 lots. For traders who cannot afford to trade in that league, despite margin and leverage, mini accounts offer an alternative. A mini account supports mini lots. These lots are worth $10,000 each. Mini accounts usually accompany standard accounts and they target new traders.

Micro accounts take this approach a step further. They support micro-lots of $1,000. Such accounts are even more affordable than the mini ones. Like the minis, micro accounts target beginners as well.

The main advantage of mini and micro accounts resides in risk-reduction. For a mere $250-$500, you can open such a trading account. Trading in lower increments stretches your funds longer as well. This is one of the reasons why professional traders like to use such accounts. They can test their strategies in a low-risk, real-money environment.

In addition to the inherent risk-minimization benefits, mini and micro accounts let you spread your funds thinner. Thus, you can better micro-risk-manage them.

The obvious downside is that risk/loss minimization reduces profit potential as well. Such accounts are, therefore, hardly suited to cover the profit needs of professional/advanced traders.

Managed trading accounts

Forex trading account management works like this, A managed account is one that holds your funds but excludes you from decision-making. You make your deposit, and someone else – usually a broker-side expert – does the trading for you. You may be able to set objectives, however.

Why would you want to give up control through such a trading account?

– you are not an expert and you feel that the manager will do a better job than you ever could. Thus you let the manager handle your individual trading account.
– you feel that pooling your money with the funds of other investors offers you a degree of protection. Such managed accounts work like mutual funds. Managers handle the trading and they distribute the profits.

Managers rank these pooled accounts according to risk tolerance. Those looking for higher profits opt for more risky accounts. Those with a lower risk tolerance play it safer, earning less.

The main advantage of a managed account is that it allows you to cash in on the skills of a forex professional. Furthermore, you get to do it hands-off.

The disadvantage is that this forex expert will cut a commission from your profits. Managed accounts require larger deposits than regular ones. Individual accounts may require as much as $10,000. Pooled accounts are slightly cheaper at around $2,000.

Islamic trading accounts

Islam holds trading to be haram (not permitted). There are ways to turn it into halal (permitted), however.

All trading activity has to adhere to the principles of islamic finance.

There must not be any interest (riba) involved.

Exchanges involved in trading have to be immediate.

No gambling is allowed.

Risks, as well as benefits, have to be distributed.

Islamic accounts are swap-free accounts, through which transactions and the payments of costs associated with them, happen instantly. In the context of islamic trading accounts, the margin, commissions and administrative fees are not riba.

VIP accounts

Brokers reserve their VIP accounts to their most privileged clients. A VIP account holder enjoys special benefits, such as superior trading conditions. Forex brokerages often invite VIP traders to special events, treating them to special rewards.

What do you have to do to gain access to such an account?

You normally need to deposit an unusually large amount of money (often upward of $100,000). You will also need to trade frequently and perhaps meet certain trade volume requirements.

Demo accounts

A demo account is the “play money” simulation of a real account. It allows traders to test the platform and trading conditions. Some may also use such accounts to test-run certain strategies.

When you sign up for a demo account , the broker credits your account with a set amount of virtual funds. Some demo accounts offer the same functionality as a standard/mini/micro account. Others limit their users’ access to certain features.

Geographic considerations

Sometimes, your geographic location should play a role in your account type selection. Some jurisdictions may limit certain trade types. In the US, there is no CFD trading. The practice is against US securities laws.

Leverage varies greatly between EU regulated countries, the UK for example, and other parts of the world. In the EU forex margin is limited to 1:30 by ESMA, the european regulator.

In other parts of world, india and south africa for example, leverage can be offered up to 1:1000 (though 1:400 or 1:500 is more typical)

The taxes you have to pay on your profits also vary from one jurisdiction to another. Read our taxes page for more on that.

How to open an account

You can start trading across our range of award-winning platforms in three simple steps: complete our application form, verify your identity and deposit funds. You are now ready to place your first live trade with OANDA. It is as easy as that.

Step 1: apply for an account

Step 2: verify your identity and proof of address

Driver’s license (proof of identity and address)

Don’t have a driver’s license? You can also verify your identity and proof of address using the below documents:

Government-issued passport or ID card (proof of identity)

Scan or take a photo. The scan should show your photo, name and date of birth. The document should be valid as of today (not expired).

Utility bill, bank statement or other document with your name and address on it (proof of address)

Step 3: fund and trade

Ready to start trading? Open an account in minutes

Already have a live trading account? It's easy to fund your account using one of the following payment methods.

Depositing and withdrawing funds

It is simple and straightforward to deposit and withdraw funds to and from your OANDA account.

Transparent trading costs

We are upfront about our fees so you know how much you are paying when you trade with us.

Trade forex with OANDA

We are a globally-recognized broker with 23 years' experience in foreign exchange trading.

Trading FX on margin is high risk and not suitable for everyone. Losses can exceed investment.

Forex new account

All transfers via electronic payment systems are automatic. Transferred funds become available for trading at once.

Bank transfers are made within 24 hours from the moment of receipt of funds to the bank account of the company.

Deposit methods	deposit time	min deposit	fees
neteller	1 hour	10 USD	3.2% -3.7% + $0.29 min 1$	deposit
bank transfer	3 - 5 working days	100 USD	bank commission	deposit
credit / debit cards	1 hour	15 USD	up to $299 3.75%-8.5% +$0.5 (depends on the country)

Through mypaxforex, our simple and secure online facility, you are able to manage and execute your deposits and withdrawals.

Paxforex supports deposits and withdrawals in all the major currencies and accepts a variety of different payment options including bank wires, credit/debit cards, webmoney, perfect money. By listening to you, and evaluating your needs we are constantly researching and assessing new deposit methods to add to your options.

What is the minimum deposit amount?

Forex minimum deposit allows to open a trading forex account with paxforex and it is $10 or the equivalent amount in your base currency.

Are there any fees?

Paxforex broker does not apply any deposit fees, all fees are made by card processor or by electronic payment systems.

How do I deposit forex? Is it easy?

Just login to mypaxforex and you will see a variety of forex deposit methods for you to use. If you require help in deciding which method to use then you can contact our customer support team by email, phone or live chat. They are available 24/5!

Are my transactions safe?

Yes, paxforex ensures safety, security and reliability at all times. Using advanced encryption technology to ensure privacy and security over the internet. All communication is encrypted using SSL technology (secure socket layer). Passwords are encoded; making sure that only you know your password. All personal information is completely confidential; we do not share your information with any third parties.

Are my funds secured?

Your funds are held in segregated accounts, specially designated as “clients accounts”, with a number of investment grade european banks which are closely monitored. Paxforex has similar capital adequacy requirements to banks.

Disclaimer (waiver of liability)

Goods and services, offered by us as a merchant are not provided on order or by request of a person or entity, running webmoney transfer system. We hereby act as an independent entity providing services and making independent decisions on pricing and offers. Entities, running webmoney transfer system do not receive any commission, interest fees or any other awards/refunds for the provided goods or services and are not liable for our activities.
Verification, performed by webmoney transfer system only confirms the accuracy of our contact details and proves our identity. Verification is performed by our own free will and doesn't mean or show our connection to the commercial activity of webmoney transfer system operators.

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BASE CURRENCY SETTING

The base currency is the currency of the country in which you live.

This choice of your base currency is independent of any one broker and affects all readings throughout the trade log.

SET UP A NEW ACCOUNT

As you begin filling out the account editor dialog box that opens after you click new, it’s important to get everything right from the start before you begin entering trades into this account.

The account editor dialog box

The name of the account is entirely up to you. You can call any broker anything you like or abbreviate it as you like. The trade log does nothing to verify this information, so it is your choice.

ACCOUNT

TIMEZONE

Timezone refers to the GMT offset of your broker. It has nothing to do with where you live.

Each broker has its own offset from greenwich mean time (GMT). Setting this up correctly means you can look at all your brokers’ reports together and have them be correctly matched for time.

Setting this up incorrectly may mean some of your trades don’t even show up on your summary or progress tracker tabs until a day after you take them!

Please see this article in the knowledge base to learn more and understand all about the GMT offset. You will definitely want to get this setting right before you begin entering trades into the log.

LOT TYPE

If 1.0 = 1 standard lot then use “standard lot”.

If 1.0 = 1 mini, then use mini lot.

If you think “I trade mini lots” but you enter each trade as 0.1 then set the account for standard lots.

EQUITY

Equity is your starting balance for tracking your trades in the log with this particular account. But there are actually three ways you can choose which date to use:

Your account’s original starting balance – and then enter all the trades you have taken since you opened the account.

Your account balance from the day you want to start entering trades into the log, taking today’s balance and then backing out wins and losses back to that date. It’s up to you how far to go back.