Tuesday, December 23, 2008

How To Open A Trading Forex Account

How to Open A Trading Account

Step 1:
Click http://secure2.fxcorporate.com/fxtr/?ib=PowerTradeFX

Choose which type of account you want to open
Choose Individual Account
Click Open an Account

Mini Account (USD Mini Account)
-Minimum initial deposit is USD300
-Each lot opened is equal to USD50 (The capital is returned back with additional profit if your position you open is profitable)
-1 pip is equal to 1 usd (different among pairs)

Step
2: Fill in your personal contact information/data at the provided spaces.

Step
3: Fill in your employment and bank information

Click Continue after filling in all required field.

Step 4: Fill in your Trading and Financial information

Click Continue

Step
5: Choose your password. You are free to choose the password you want. Please note that the password must be the combination of one upper case letter, one lower case letter and one number.

Fill in the name of PowerTradeFX at the referring agent field to inform FXCM that you are registered under
RB PowerTradeFX.

Read & Click “YES” for all Customer Agreements:

Click Continue after you finish.

Click proceed

Next, you will see the SUBMISSION page for submitting the completed forms.

Please check all the displayed information in the webpage below. If you are satisfied, click the “Submit” button to complete your application.

If you have seen the webpage as below means your trading application has been submitted and will be processed.

To activate your account, you have to send two documents:
a. A copy of your identity card or passport or driving license (front and back)
b. Proof of residence or proof of current address. (A copy of electricity or water bill or bank statement) with your name and address on it.

You could fax to FXCM at the fax number provided or to be more convenient just scan and send the scanned document to newaccounts@fxcm.com or admin@fxcm.com

The process of opening account is done. FXCM representative will contact you between 2 – 3 working days for verification of information you have submitted.

The FXCM representative will inform you if your application succeeded and have been approved. Your application status will be informed via email. When the application have been processed and approved, you will be given Login ID and password that will enable you to logging in to FXCM Trade Station II and start Forex trading account.

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