How Do I Register for Forex Trading?

Once you have found the right broker, you can follow the steps below to open a new trading account.

 

1. Select the account type

2. Register an account

3. Activate the account

 

Before trading your hard-earned money, you may want to open a demo account (click to sign up for a demo account offered by Forex4money or (click to sign up for a demo account offered by us). In fact, you can open two or three demo accounts - why not? It's free! Try opening demo accounts with different brokers and see which one suits you better.

 

SELECT ACCOUNT TYPE

But when you are ready to open a live trading account, you have to choose the type of trading account you want: personal or business.

In the past, when opening a Forex account, you also had to choose whether you wanted to open a "standard" account, a "mini" account, or a "micro" account.

Now, this is not a problem because the broker allows you to customize your trading units. This is great for newbies and inexperienced traders with smaller capital amounts. This gives you a lot of flexibility as you don't have to trade more than you are comfortable with.

Also, always, always, always remember: ALWAYS STUDY THE CONTRACT.

Some brokers include a "Manage Account" option in the application form. You can choose this if you want a broker to help you with your account transactions. But is this really what you want? After all, you're not doing all the lessons here to get someone else to trade for you.

Also, make sure you open an FX spot account, not a forward or futures account.

REGISTER AN ACCOUNT

When opening an account, you will have to complete some paperwork, and the forms may vary from broker to broker. They usually provide a PDF version that you can view and print with Adobe Reader.

Also, be sure to understand all the associated fees, such as how much your bank charges for wire transfers. You may be intimidated by the actual size of these fees, which can account for a large portion of your trading capital.

 
ACTIVATE ACCOUNT

Once your broker has received the required paperwork, you will receive an email with instructions on how to activate your account. Once these steps are complete, you will receive an email with your username, password, and top-up account instructions.

Then, all that's left is to log in and start trading. Very simple, huh?

Time to log in, click on those charts, and start trading!

We strongly recommend that you use a demo account first. There is no shame in trading on a demo account - everyone needs to have a starting point.

If you have been trading with a demo account for at least half a year, you may be able to start trading in real-time. Even then, we recommend that you go deeper and consider the risks you are willing to take.

Actual transactions are very different after all. The difference is like fighting your little brother (sister) and fighting Manny Pacquiao.

No matter how successful you are in a demo account, there is no substitute for the feeling of trading online with real money.

 

Foreign Exchange Information Network

Step 1: Apply for account opening and submit account opening information

1. Apply for opening a real account, download the identity certificate you need to fill in the information required for opening an account

2. To provide the supporting documents you need to open an account, you need to provide a scanned copy of the front and back of your ID card and send it to the mailbox of the trading platform or submit it through customer service and relevant staff.

Step 2: Review account opening information

Quick review: If the address on your ID card is the same as the address provided when applying for opening an account

Simply submit an ID card and open an account as quickly as possible.

The submitted ID card (both sides must be provided) must be valid and contain your name, date of birth, photo, ID number.

Ordinary review: If the address on your ID card is different from the address provided in the account opening application

In this case, in addition to your ID, you will also need to submit a valid proof of address. The following types of documents are generally accepted:

- Account book - Temporary residence permit - Bank statement within 6 months

- Driver's license - real estate license - water, electricity, gas, telephone bills within 6 months, excluding mobile phone bills

The address proof document must contain your name; the address in the document must be the same as the one you filled in when you applied for an account opening. Printouts of electronic statements are not accepted.

Step 3: Check your email and obtain a trading account. 

Complete the first step of the account opening form and submit certificates, and the background will review the relevant information. After the review is approved, you will be notified by email that your account opening application has been approved, and you will be notified of your account number. 

And the operation method of injecting funds into the account (for the operation method of injecting funds, please refer to the "How to deposit and withdraw" column).

Step 4: Inject funds for the newly opened account

Activate the account funds, and remit the funds after receiving the transaction account. Generally, traders will stipulate the minimum deposit limit, and funds can be injected by wire transfer. Funds by wire transfer can be transferred within two working days. 

After completing the account, once the funds arrive in the account, the dealer will send the second notification letter by email, informing the login name and password required to log in to the real trading platform. 

After completing the above three steps, you can freely invest in foreign exchange, gold, foreign exchange account opening, crude oil/natural gas, agricultural products, and national stock indexes on the trading platform provided by the dealer, so that the real financial investment is in line with international standards.