How to open a forex account

[goodness]

Forex trading is an exciting business. How exactly can the average person get started with trading forex?
The first thing that you'll need to do is decide on a broker.
Here are the most important tools on opening a forex account after choosing a broker:
Name
Address
Email
Phone Number
Account Currency Type
A password for your trading account
Date of Birth
Country of Citizenship
Social Security Number or Tax ID
Employment Status

 

[Fxpipper]

Huh? What the heck does an "employment status" have to do with opening an account with a broker..I don't see why brokers would want to know if a trader is employed or not..

 

[vicknic]

Account registration should be made easy. Some of the information as represented on your post seem irrelevant. You can open a forex account by just filling your name, email address and password. After that, you can make a deposit, download the Mt4 platform and start trading. 🙂

 

[fxapex]

you can open account with broker who is accessible to to you, read reviews and get feedback from forums and other resources before opening an account.

 

[Exness Support]

Well first choose your broker. Then it depends on your broker that what documents they ask you to open an account for you.

 

[Rambo35]

Opening a forex trading account should be an easy and quick thing if you have the right broker.

 

[FX-Broker]

nice information you have shared here, this really helps person who wish to start live trading in online.

well opening a live account is quick a very simple process but one need to select the right broker based on regulation, read reviews about them in online, find whether they are trusted broker or not, their withdrawal time, Leverage, and more..

 

[readyforex]

Nice information share for traders.

 

[don5]

all information you will be get from all broker account opening from page.

 

[smithmarcus02]

This post is useful for new traders who want to do in this field. Yah if you wanna open forex account,first choose your broker then move furthur for doing.

 

[john trader]

I suggest before opening a real account which is not difficult to do so 🙂, Open a demo account at first to try and navigate the platform to have a full idea how it works.

 

[davidblack]

First you should chose a broker and read reviews about them. Then read thier conditions to open an account and after this you can open an account with them.

 

[MillerTrade]

First, you should have some points when you start searching for a Broker like:

Regulation.
Negative Balance Protection.
Customer Service.
User experience.
User friendly platform.
Execution Speed.
Low Spreads.
Low Commission.

 

[Lawrence]

First, you should have some points when you start searching for a Broker like:

Regulation.
Negative Balance Protection.
Customer Service.
User experience.
User friendly platform.
Execution Speed.
Low Spreads.
Low Commission.

The points that you have mentioned are good but above all i would look for Broker who is :

1. ECN

2. Regulated

 

[radex78]

The points that you have mentioned are good but above all i would look for Broker who is :

1. ECN

2. Regulated

I have not yet understand about ECN broker and STP what makes difference on both type?

 

[MillerTrade]

I have exactly the same question as radex78.Can you explain us in details?

 

[Enivid]

STP stands for Straight Through Processing and means that the orders are executed without interference from the Dealing Desk.

ECN stands for Electronic Communication Network and means that the broker routes the orders that very network (of traders) and is not acting as a Market Maker.

You can read my post about it here:
http://www.earnforex.com/blog/stp-ndd-ecn-wtf/

 

[MillerTrade]

I just read your post.It really helped me out a lot.Thanks

 

[Pepperstone]

The points that you have mentioned are good but above all i would look for Broker who is :

1. ECN

2. Regulated

This is a high priority, as well as ensuring that client funds are held in segregated trust accounts.

 

[Twin butterfly]

After finding the right broker for you, you can open a forex trading account. Simple is that 🙂