How do I open a trading account?
You’ll need to fill out a brief questionnaire about your financial knowledge and trading intentions. You’ll also need to provide an ID, and the minimum deposit your trading account institution requires. That’s it. You’re now all set to trade.
Is it safe to provide my personal information about me and my income to online broker?
If the broker is regulated and licensed, your personal information is safe. This information is strictly confidential and accessible only for few people which underlie a strict regulation.
What information do I need to provide to complete an application?
All applicants must provide basic identifying information such as name, date of birth, permanent address and, if applicable, valid Social Security or tax ID number. Applicants are also required to provide details of their financial condition and investment experience, such as annual income, total and liquid net worth, source of net worth and funds, and years of trading experience in each asset class. For international clients, a valid passport and address verification dated within the last 60 days are required. Acceptable forms of address verification include utility bills or bank statements.
Depending on the account type and information provided the FCM may request additional information or documents to be provided.
Who can see my trading account? Who does have access to my trading account?
Your trading account is accessible only for you. Only you have the access through your password. It`s the same as a classic account in a bank.
How can I see my account balance and transfer history?
You have to go to your account of your chosen online broker, there you should see your deposits, withdrawals, trading account balance and lot more. It depends on the chosen broker.
What currencies can I send?
To fund your trading account by online broker you can send funds from your bank account in any currency. After the transfer the currency will be converted for free.
Are there fees for using online platforms?
There are no download, setup or subscription fees for using online platforms.
Fees and charges apply to trading.
Where are my funds held?
Account balances are held in segregated funds at the bank of the clearing firm at which you opened your account.
Are my funds insured or protected?
If you opened your account by a licensed and regulated broker your fund is safe and protected. The customers deposits are kept in segregated bank accounts that are designated for the exclusive benefit of our customers.
Do I have to worry to send money to a broker which doesn’t have branch in my country?
No. The regulations are very strict for every licensed broker everywhere he operates.