How to Open a Forex Account

How to Open a Forex Account

How to Open a Forex Account

? Beginner guide

How to Open a Forex  Account: A Step-by-Step Guide

Opening a Forex trading account can feel overwhelming for beginners. With all the jargon about brokers, platforms, and deposits, it’s easy to feel lost. But don’t worry—this guide simplifies the process so you can start trading confidently.

Open Forx AccountSteps to Open a Trading Account:

  1. Choose a Reputable Broker
    Research and select a broker known for reliability, transparency, and a trading platform that suits your needs.
  2. Register on the Broker’s Website
    Visit the broker’s official website and complete the registration process.
  3. Log in to Your Account
    Access your personal account dashboard.
  4. Select the Account Type
    Decide whether a standard, mini, or managed account is the best fit for your trading goals.
  5. Make a Deposit
    Fund your account using a payment method that works best for you.
  6. Start Trading
    Once your account is set up and funded, you’re ready to dive into the Forex market!

Demystifying the Forex Account Setup

Forex trading doesn’t have to feel intimidating. This guide will walk you through everything from choosing the right broker to selecting the perfect account type. Here’s what you’ll learn:

  • How to Choose a Trustworthy Broker: Insider tips for evaluating brokers based on fees, platform features, and customer support.
  • Account Types Explained: Understand the differences between standard, mini, and managed accounts to match your trading style.
  • Simplifying Deposits: Discover the easiest ways to fund your account and get started quickly.

Open Forex Account


Whether you’re interested in fast-paced currency pairs or prefer a more strategic long-term approach, this guide will help you tailor your Forex journey. Follow this roadmap, and you’ll go from a beginner to a confident trader, ready to capitalize on opportunities in the global market!

How to Open a Forex Real Account: A Step-by-Step Guide

Embarking on your Forex trading journey begins with opening a real trading account. Follow these simple steps to get started:

Account Types in Forex

Standard Account – Our Most Popular Choice

  • Ultimate Flexibility: Trade seamlessly using our web platform, mobile apps, or integrate with TradingView for an enhanced trading experience.
  • Diverse Markets: Access over 80  pairs, stock CFDs, indices, commodities, and more.
  • Extended Trading Hours: Enjoy extended trading hours on 150+ global shares.
  • Stay Informed: Get real-time Reuters news updates and boost your performance with advanced tools like Performance Analytics.
  • Cross-Platform Accessibility: Trade effortlessly on TradingView’s web, mobile, and desktop platforms for a unified experience.

RAW Spread Account

  • Perfect for Tight Spread Trading: Designed for traders prioritizing low spreads with maximum trading flexibility.
  • Ultra-Low FX Spreads: Enjoy spreads on major pairs like EUR/USD starting from 0.0 pips, paired with highly competitive commissions.
  • Cost-Effective Trading: Benefit from a $5 commission per $100,000 traded, keeping your costs low.
  • Seamless Trading Across Platforms: Trade effortlessly on TradingView’s web, mobile, and desktop platforms for ultimate convenience.

open fx accountMetaTrader 5 Account

  • Advanced Trading Platform: Experience the world’s leading platform with enhanced features and broader market access compared to MT4.
  • Competitive Pricing: Enjoy tight spreads with zero commission fees (excluding shares).
  • Wide Market Access: Trade FX pairs, stock CFDs, indices, commodities, and more with ease.
  • Enhanced Tools: Leverage over 20 expert advisors and exclusive indicators from FX Blue to refine and optimize your .

RAW Spread MT5 Account

  • Enhanced Trading Platform: The world’s most popular platform, now optimized with ultra-tight spreads starting from 0.0 pips and low commissions.
  • Cost-Effective Trading: Enjoy a $5 commission per $100,000 traded, ensuring minimal costs.
  • Superior Trade Execution: Benefit from exceptional execution speed and reliability.
  • Flexible Access: Trade seamlessly across web, mobile, and desktop platforms for ultimate convenience.

Which FOREX trading account is best for you?

RAW Spread account

The RAW Spread Account offers access to the same markets as the Standard Account but with tighter spreads starting from 0.0 pips on major FX pairs. Trades are subject to a low commission of $5 per $100,000 traded, providing a cost-efficient option for active traders.

Standard Account

The Standard Account provides access to over 80 currency pairs, along with gold and silver, available across all our web and mobile trading platforms. Signing up for a FOREX.com demo automatically grants you access to the Standard Account experience.

Both the Standard and RAW Spread accounts support the secure REST API, a web-based system designed specifically for trading. While the minimum deposit is 100 EUR, we recommend regularly monitoring your account to ensure you maintain sufficient margin for your trades.


Step 1: Choose a Reputable Broker

Selecting the right broker is critical to your trading success. Research thoroughly, considering factors such as:

  • Regulation: Ensure the broker is licensed by a recognized authority.
  • Trading Platforms: Check for user-friendly and reliable options like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
  • Customer Support: Opt for brokers with responsive and helpful support.
  • Fees: Compare spreads, commissions, and withdrawal charges.
  • Trading Instruments: Confirm the broker offers the currency pairs and assets you want to trade.

How Do I Open a Trading Account?

How to Get Started

  1. Register
    Fill out our quick registration form using your email address, phone number, and a secure password.
  2. Verify Your Account
    Complete the verification process by submitting the required ID documents to activate your trading account.
  3. Fund and Trade
    Once your account is verified, deposit funds using our multiple funding options and start trading with spreads starting from 0.0 pips.

MetaTrader 4


Step 2: Register on the Broker’s Official Website

Once you’ve chosen a broker, visit their official website and complete the registration process:

  • Provide accurate personal details (name, email, phone number, etc.).
  • Submit any required documents for identity verification (e.g., ID, proof of address).
  • Review the terms and conditions before proceeding.


Step 3: Log in to Your Personal Account

After registration, the broker will provide your login credentials via email or directly on the website. Use these to access your personal account dashboard.


Step 4: Select the Type of Real Account

Within your dashboard, explore the available account types (e.g., standard, mini, or managed accounts). Review their features, such as:

Choose the account that aligns with your financial goals and trading strategy, then click “Open Account.”


Step 5: Make a Deposit

To activate your account, deposit funds using one of the broker’s payment options:

  • Bank Transfers
  • Credit/Debit Cards
  • Electronic Wallets

Some brokers also offer instant deposits, enabling quick funding. Choose the method most convenient for you and follow the instructions to complete the process.

https://www.fxpremiere.com/tag/mt4-signals/


Step 6: Confirm Your Funds

Once your deposit is processed, the funds will appear in your trading account. The time this takes depends on the payment method and broker policies. You’re now ready to trade!


Step 7: Begin Trading

Log in to the broker’s trading platform (e.g., MT4 or MT5) using the credentials provided. For security, update your password upon first login. From here, you can start exploring the markets and executing trades.


Pro Tip: Choosing the Best Broker

If you’re unsure which broker to trust, consider expert-recommended brokers with strong track records and positive reviews. Selecting a broker that aligns with your needs will set the foundation for successful trading.

By following these steps, you’ll have your Forex real account up and running in no time, ready to take advantage of market opportunities!

A Comprehensive Guide to Selecting the  and Account Types

The experts at  have evaluated numerous brokers to provide a curated list of the best ones tailored to your needs. Here’s how you can leverage this resource to start trading confidently.


Step 1: Explore the FxPremiere Broker Rating List

Visit the FxPremiere Broker Rating List, which highlights the top Forex brokers as determined by FxPremiere experts. Review their offerings, including:


Step 2: Select a Broker from the Top Rankings

After studying the details, choose a broker from the highest-rated options. Here are three brokers with excellent ratings that accept investors from your country:

Broker Min. Deposit ($) Supported Pairs Spread (EUR/USD) Commission ($/lot) TU Score Open Account
RoboForex 10 29 0.2 2 9.1 Open an account
FxPro 100 70 0.2 3 8.48 Open an account
XM Group 5 55 0.2 3.5 8.42 Open an account

Note: Your capital is at risk.


Step 3: Start the Account Opening Process

Click the “Open Account” button on your selected broker’s page to navigate to their website.


Step 4: Register and Verify Your Account

Complete the broker’s registration form by providing personal details. After submitting the form:

  1. Upload the necessary verification documents (e.g., ID, proof of address).
  2. Once verified, deposit funds according to your trading strategy.

Forex Account Types Explained

Understanding the available account types is crucial to making an informed decision. Here’s an overview of the primary Forex account types:

1. Standard (Classic) Account

Ideal for traders seeking stable conditions.

  • Advantages:
    • Fixed spreads for cost predictability
    • High leverage (up to 1:1,000)
    • Low minimum deposit ($50 or higher)
  • Fee Structure: Typically no commissions; spreads start around 0.6 pips.

2. Mini Account

Designed for traders with limited capital.

  • Advantages:
    • Lower deposit requirements ($250–$500)
    • Leverage up to 1:400
    • Gradual transition to live trading
  • Fee Structure: Similar to standard accounts, often no commissions.

3. Cent Account

Best for traders starting with minimal investments.

  • Advantages:
    • Trade nano, micro, and mini lots
    • Deposits as low as $1–$10
    • Reduced risk exposure
  • Fee Structure: Floating spreads starting at 1 pip.

4. Micro Account

Tailored for traders with smaller trading capital.

  • Advantages:
    • Trade in micro lots (1/10th of a mini lot)
    • Suitable for capital under $5,000
    • Flexible for testing strategies
  • Fee Structure: Fixed spreads, typically up to 5 pips.

5. RAW (ECN) Account

Preferred by professional traders for direct market access.

  • Advantages:
    • Tight spreads (as low as -1 pip)
    • Competitive quotes from liquidity providers
    • High transparency and anonymity
  • Fee Structure: Commissions apply; minimum deposit of $200–$1,000.

Best Accounts for Beginners

Beginners are advised to start with account types that offer minimal risks and opportunities to practice:

  • Demo Accounts:
    Risk-free with virtual funds for practicing strategies and learning market dynamics.
  • Cent Accounts:
    Low-risk real trading with nano and micro lots, ideal for experiencing live market conditions.
  • Mini Accounts:
    Moderate risk with smaller trade sizes, offering practical experience with real funds.

Demo vs. Real Accounts: Key Differences

Account Type Investment Needed Real Trades Real Profits Rebates
Demo No Yes No No
Real Yes Yes Yes Yes

Demo accounts are great for learning, while real accounts enable actual trading profits and rebates.

By following this guide, you can confidently select a broker and account type that aligns with your trading goals, setting the stage for your Forex trading journey!

How to Open a Forex Demo Account on MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

A demo account is an excellent way to explore Forex trading without risking real . It provides a risk-free environment where you can practice trading and familiarize yourself with the platform. Follow these steps to open a demo account on popular platforms like MT4 and MT5:


Step 1: Register with a Broker

  1. Visit the Broker’s Website: Head to the broker’s official website or directly access the trading platform’s download page.
  2. Find the Registration Option: Look for the “Create Account” or “Sign Up” button.
  3. Fill in Your Details: Provide the required information, such as:
    • Full Name
    • Email Address
    • Phone Number
  4. Submit Your Registration: Complete the process by submitting the form. Make sure your details are accurate for smooth account setup.

Step 2: Log In to the Platform

Once registered, the broker will send you login credentials, including a username and password. Use these credentials to access the trading platform.


Step 3: Install the Trading Platform

If you haven’t installed MT4 or MT5 yet, follow these steps:

  1. Download the Platform: Visit the official website of the platform provider or use the download link provided by your broker.
  2. Install the Platform: Follow the installation instructions to set up the software on your computer or mobile device.
  3. Launch the Platform: Once installed, open the trading platform and log in using the credentials you received.

Step 4: Open a Demo Account

  1. Navigate to the Account Section: After logging in, locate the account settings or account management menu.
  2. Select ‘Demo Account’: Look for the option to open a new account and choose the demo account type.
  3. Provide Required Details: Input any additional preferences such as:
    • Preferred Currency (e.g., USD, EUR)
    • Leverage (e.g., 1:100 or 1:500)
    • Initial Virtual Balance (if applicable).
  4. Create the Demo Account: Click the “Open Account” or similar button. Your demo account will be created instantly, and you’ll receive details like your demo login and server information.

With your demo account set up, you’re ready to practice trading in a simulated environment. Use this opportunity to explore the platform’s features, test trading strategies, and gain confidence before transitioning to a live account.

How to choose a Forex broker

How to Choose the Right Forex Broker: A Step-by-Step Guide

Selecting a reliable Forex broker is a vital step that directly impacts your trading experience and success. Follow this guide to ensure you make an informed decision:


Step 1: Conduct Thorough Research

Start by researching multiple brokers to find those that meet your trading needs and financial capabilities. Use resources such as:

  • Broker comparison websites
  • Reviews on trusted forums and platforms
  • Regulatory agency websites

Step 2: Verify Regulation

Choose a broker regulated by a reputable authority, such as:

  • The Financial Conduct Authority (FCA) in the UK
  • The Commodity Futures Trading Commission (CFTC) in the US
  • The Australian Securities and Investments Commission (ASIC)

Regulation ensures your funds are protected and the broker operates under strict standards.


Step 3: Check for Deposit Protection

Opt for brokers whose regulators offer deposit protection. This means you could receive compensation if the broker becomes insolvent, providing an extra layer of security.


Step 4: Assess Financial Stability

Look for brokers with a solid financial standing and a strong reputation in the industry. Indicators of financial stability include:

  • Years of operation
  • Awards and recognition
  • Transparency in operations

Step 5: Evaluate Account Offerings

Compare brokers based on the following:

  • Account Types: Standard, Mini, Cent, or ECN accounts.
  • Trading Platforms: Check for popular platforms like MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
  • Tools and Resources: Look for educational materials, research tools, and market analysis.

Ensure the broker offers features that match your trading strategy.


Step 6: Read User Reviews

Dive into user reviews to understand real-world experiences with the broker. Consider factors such as:

  • Trading costs and fees
  • Execution speed and reliability
  • Customer support quality

Step 7: Analyze Pricing

Compare trading costs, including:

  • Spreads (fixed or variable)
  • Commissions (per trade or per lot)
  • Swap fees for overnight positions

Choose brokers with transparent pricing and competitive fees.


Step 8: Test Demo Accounts

Use demo accounts to assess the broker’s platform and trading environment. Evaluate:

  • Ease of use
  • Platform features
  • Execution quality

Demo accounts allow you to practice trading without financial risk and help you gauge the broker’s suitability.


Expert Advice from Ivan Andriyenko

To ensure a smooth registration and account setup:

  1. Provide Accurate Information: Any errors, such as misspelled names or incorrect tax ID numbers, can cause complications later.
  2. Prepare for Verification: Be ready to submit required documents for account validation. These might include:
    • A government-issued ID
    • Proof of address (e.g., a bank statement or utility bill).
  3. Simplify Document Submission: Use digital alternatives like generating proof of address via your bank’s mobile app. This quick and secure method ensures your documents meet verification standards.

By following these steps, you’ll be equipped to select a Forex broker that aligns with your trading goals, providing a secure and efficient trading experience.

Forex Basics: Setting Up an Account

An Overview of Forex Trading Accounts: Which One is Right for You?

Forex trading involves buying and selling global currencies in the world’s most liquid financial market. This unique market allows individual investors to compete alongside large institutions like hedge funds and banks—provided they set up the right type of trading account.

Forex brokers typically offer three main types of accounts: standard, mini, and managed. Each account type caters to different trading styles, risk tolerances, and investment sizes. Choosing the right one depends on your trading goals, financial resources, and daily availability.


Key Takeaways

  • Selecting the right forex account depends on your experience, skills, and risk tolerance.
  • Standard accounts offer higher gain potential with 100:1 leverage and trade lots worth $100,000.
  • Mini accounts are ideal for beginners or those with limited funds, featuring smaller lot sizes of $10,000.
  • Managed accounts suit investors who prefer professional portfolio managers to handle their trades for an added fee. How to Open a Forex Account

Standard Trading Accounts

The standard account is the most popular option for forex traders. It allows users to trade standard lots, with each lot valued at $100,000. However, traders don’t need to invest the full amount upfront. With typical  of 100:1, only $1,000 in margin is required to control one standard lot.

Advantages of Standard Accounts

  1. Enhanced Services:
    Standard accounts require a higher initial deposit, and brokers often reward these traders with premium services and additional perks.
  2. Higher Gain Potential:
    • Each pip (price movement) is worth $10.
    • A position that moves 100 pips in your favor can generate a $1,000 profit.
    • This level of gain is unparalleled unless multiple standard lots are traded in other account types.

Mini Accounts

Mini accounts are designed for beginners, traders with a lower risk tolerance, or those with limited capital. The maximum lot size is reduced to $10,000, making them a safer and more affordable entry point into forex trading.

Advantages of Mini Accounts

  • Lower Risk: Smaller lot sizes mean reduced financial exposure on each trade.
  • Affordable Entry: Mini accounts typically require a lower minimum deposit compared to standard accounts.
  • Ideal for Learning: These accounts allow traders to practice and refine their strategies without risking large sums. How to Open a Forex Account

Managed Accounts

A managed account is suitable for individuals who prefer not to actively trade but instead want a professional portfolio manager to handle trades on their behalf.

Advantages of Managed Accounts

  • Expert Management: Professional managers make decisions based on market analysis and trading strategies.
  • Hands-Off Approach: Ideal for investors who lack the time or expertise to trade themselves.
  • Customization: Account strategies can often be tailored to fit specific investment goals.

Choosing the Right Account

When deciding which type of forex account suits you best, consider the following factors:

  1. Risk Tolerance: Are you comfortable with higher risks for potentially greater rewards?
  2. Investment Size: Do you have sufficient capital to open a standard account, or is a mini account more appropriate?
  3. Time Commitment: Do you want to actively manage trades, or would you prefer a professional to handle your portfolio?

By understanding the pros and cons of each account type, you can select the one that aligns with your trading objectives and financial capabilities, setting you on the path to success in the forex market.

What is Forex Trading?

Forex trading, or foreign exchange trading, involves buying and selling currencies on the foreign exchange market with the goal of making a profit. It is the largest and most liquid financial market globally, with daily transactions worth trillions of dollars. How to Open a Forex Account


What are the Benefits of Forex Trading?

  1. Go Long or Short: Trade on rising or falling markets.
  2. 24-Hour Trading: Access the market anytime, as it operates 24 hours a day, five days a week.
  3. High Liquidity: Easily enter and exit trades due to the high volume of currency traded daily.
  4. Constant Opportunities: The forex market offers continuous trading opportunities across various time zones.
  5. Trade on Leverage: Leverage allows you to control larger positions with a smaller capital investment, increasing potential returns.
  6. Wide Range of Currency Pairs: Trade major, minor, and exotic currency pairs to diversify your portfolio.

How Do I Trade Forex?

  1. Decide How You’d Like to Trade Forex
    Choose between trading through contracts for difference (CFDs) or directly on the forex market.
  2. Learn How the Forex Market Works
    Understand key concepts such as currency pairs, leverage, spreads, and pips.
  3. Open an CFD Trading Account
    Sign up with a trusted broker to gain access to forex markets.
  4. Build a Trading Plan
    Develop a strategy that outlines your goals, risk tolerance, and methods for entering and exiting trades.
  5. Choose Your Trading Platform
    Select a trading platform that suits your needs, such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), or proprietary broker platforms. How to Open a Forex Account
  6. Open, Monitor, and Close Your First Position
    Execute your trade by opening a position, monitoring its performance, and closing it when your target or stop-loss is hit.

Forex trading offers exciting opportunities for traders at all levels. By following these steps and understanding the market, you can start your forex journey with confidence.

How much does CFDs on FX trading cost?

Margins

When you trade CFDs you do so with leverage – meaning you can win, or lose, a significant amount more than your initial deposit – called your margin. Though not actually a cost to you, the margin you pay makes a big difference to the affordability of your forex trade.

Spreads

Your key payment for trading CFDs on forex is the spread – the difference between the buy and the sell price – our charge for executing your trade. We work to keep our spreads among the lowest in the business.

Spot FX Retail margin Leverage equivalent
EUR/USD 0.5% 1:200
AUD/USD 0.5% 1:200
USD/JPY 0.5% 1:200
EUR/GBP 0.5% 1:200
GBP/USD 0.5% 1:200
EUR/JPY 0.5% 1:200
USD/CHF 1.50% 1:67
Spot FX IG min. spread IG av. spread3 IG av. spread
(00:00 – 21:00)4
DMA av. spread5
EUR/USD 0.6 1.00 0.75 0.165
AUD/USD 0.6 1.01 0.74 0.295
USD/JPY 0.7 1.12 0.83 0.242
EUR/GBP 0.9 1.71 1.19 0.540
GBP/USD 0.9 1.66 1.19 0.589
EUR/JPY 1.5 2.27 1.76 0.678
USD/CHF 1.5 2.15 1.91 0.399

Forex trading platforms

  • Stay Informed with Ease: Quickly view market prices, spreads, and margins through our intuitive and user-friendly interface.
  • Manage Risk Effectively: Safeguard your trades with a variety of stop-loss and limit options, including guaranteed stops for ultimate protection. How to Open a Forex Account
  • Reduce Conversion Costs: Select your preferred currency to minimize conversion fees and optimize your trading costs.
  • Automate Your Trades: Set orders to execute at your desired levels automatically, with options to choose expiry dates or close them manually as needed.
  • Stay Ahead with Alerts: Configure alerts to notify you when markets hit specific price levels, move a certain amount, or meet your technical criteria.
  • Access Key Trade Details: Find essential trading specifications like minimum stop distances, trade sizes, and margin factors in the “Information” tab for full transparency.

MetaTrader 4

Tap into the power of algorithmic trading on MT4, with the World’s No.1 CFD provider

  • 24/7 Support
    Access dedicated MetaTrader 4 (MT4) specialists anytime, day or night, ensuring you’re never without assistance.
  • Diverse Trading Opportunities
    Go beyond Forex trading by using MT4 to trade CFDs and take long or short positions across thousands of global markets.
  • Free MT4 Mobile App
    Trade on the go with the free MT4 mobile app, ensuring you never miss a trading opportunity.
  • Reliable Performance
    Benefit from 99%+ server uptime, providing optimal conditions for your algorithms to perform efficiently.
  • End-to-End Accountability
    Enjoy seamless service powered by our own institutional-grade technology for liquidity, pricing, and execution—no third parties involved. How to Open a Forex Account
  • Consistent Quality, Lower Costs
    Maximize your returns with our competitive spreads, averaging just 0.85 points.

How do I open an MT4 account

I don’t have MT4

How to Set Up and Start Trading on a Live MT4 Account

  1. Open a Live Account
    Begin by creating and activating your live trading account.
  2. Fund Your Account
    Log in to your MY dashboard and deposit funds into your account to get started.
  3. Add an MT4 CFD Account
    • Go to MY  and click on ‘Add an Account’.
    • Select ‘MT4 CFD’ from the list.
  4. Retrieve Your MT4 Password
    Check your email for your unique MT4 login credentials, including your password.
  5. Download the MT4 Platform
    Download the MetaTrader 4 platform directly follow our step-by-step guide for installation.
  6. Log in to MT4 and Start Trading
    • Open the MT4 platform and log in using your MT4 ID and password.
    • Select the Server.

You’re now ready to trade live with IG on the MT4 platform!

I already have MT4

Switching to as Your MT4 Broker: A Simple Guide

If you already have an MT4 account and want to start trading with IG, follow these easy steps:

  1. Open a Live Account
    Sign up for a live trading account.
  2. Activate and Fund Your Account
    Once your account is activated, log in to MY and deposit funds to get started.
  3. Add an MT4 CFD Account
    • Log in to MY and select “Add an Account.”
    • Choose MetaTrader CFD from the options.
  4. Log in to the MT4 Platform
    • Use your MT4 ID and password to access the platform.
    • Select the server to start trading on your live account while retaining all your chart data and analysis.

    New to MT4? Get a step-by-step guide on how to download the platform from How to Open a Forex Account

Why trade with MT4?

  • Automated Trading
    Develop strategies that execute trades automatically using your own algorithms or MT4’s built-in tools, known as Expert Advisors (EAs).
  • Customizable Charts
    Easily adjust and personalize MT4’s advanced charting tools to match your unique trading style and requirements.
  • Smaller Trade Sizes
    Manage risk effectively by trading in increments as small as 0.01 lots, ideal for scaling and controlling high-volume trades.
  • User-Friendly Design
    Enjoy an intuitive, software-based platform with an organized layout that saves you time and streamlines your trading experience.

Trading Accounts

Trading Account Types: ECN and STP

We offer two main types of trading accounts: ECN and STP, both utilizing market execution. With these accounts, you can trade confidently knowing there’s no dealing desk, no requotes, and trades are executed at the best available price.


ECN Trading Accounts

Electronic Communication Network (ECN) accounts provide access to raw pricing directly from banks and liquidity providers, with a small commission per trade. These accounts are:

  • Cost-Effective: Ideal for executing large-volume trades with low trading costs.
  • Comprehensive: The ECN account supports a wide range of instruments, including FX, global indices, stocks, commodities, and cryptocurrency CFDs—all from a single account.

This is our most popular account type, designed for professional traders seeking competitive conditions. How to Open a Forex Account


STP Trading Accounts

Straight Through Processing (STP) accounts have trading fees included in the spread, making them a great choice for novice traders who prefer straightforward pricing.

  • Simplified Cost Structure: No separate commission, just the spread.
  • Beginner-Friendly: Perfect for those new to trading who want to focus on learning and execution.

Account Comparison: ECN vs. STP

Feature ECN Account STP Account
Account Currencies USD, AUD, CHF, EUR, GBP, JPY, SGD, GLD* USD, EUR, GBP, JPY, CHF, GLD*
Demo Account ✔ ✔
Business Model ECN STP
Trading Time 22:00 Sun – 22:00 Fri (GMT) (24/7 for  CFDs) 22:00 Sun – 22:00 Fri (GMT)
Minimum Deposit $100 (or equivalent) From $10 (or equivalent)
Maximum Balance No limit No limit
Spread Floating, from 0 pips Floating
Commission (per lot) From $1.50 Included in the spread
Quotes Format 0.12345 0.12345
Minimum Transaction Size 0.01 lot 0.01 lot
Maximum Transaction Size Not limited** Not limited**
Leverage Up to 1:500 Up to 1:500
Margin Call / Stop Out Margin Call: 100%, Stop Out: 50% Margin Call: 100%, Stop Out: 50%

Available Instruments

Instruments ECN Account STP Account
Currencies ✔ ✔
Cryptocurrency CFDs ✔
Metal CFDs ✔ ✔
Energy CFDs ✔ ✔
Index CFDs ✔ ✔
Share CFDs ✔ ✔

Features Across Both Accounts

Feature Available on ECN Available on STP
Market Execution ✔ ✔
No Requotes ✔ ✔
Hedging ✔ ✔
Expert Advisors ✔ ✔
✔ ✔
News Trading ✔ ✔
Phone Dealing ✔ ✔
Market Depth ✔

Gold-Based Accounts

For accounts denominated in gold (GLD):

  • All account values (balance, profit, etc.) in MetaTrader 4 are expressed in GLD.
  • 1 GLD = 0.001 troy ounce (approx. 0.03 grams of gold).

Note: Maximum transaction size on ECN accounts may depend on liquidity availability.

Choose the account type that best aligns with your trading style, goals, and experience level. Whether you’re a professional trader or just starting, we’ve got you covered! How to Open a Forex Account

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