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OPENING AN ACCOUNT

Checklist:

 
The process in an opening an account with any of our broker partners is relatively the same.
Typically you will have the choice of us using a secure electronic platform or printing out and faxing in the agreement forms.
Here is a quick checklist of common items required when opening an account for the first time with the majority of our partner brokers.
 
1)  Social Security Number (for US residents)
2)  Two forms of Government Issued Picture ID (Such as drivers license and passport), either scanned or legible fax copy
3)  Two statemements to provide proof of address( Such as utility bill and bank statement)
4)  Employment Information (including address)
5)  A valid email address to receive important account information
 
Opening an account...
FAQs:
 
Listed below are the most common frequently asked questions when opening a new trading account for the first time.
 
What do I need to complete an application?
-  Social Security Number for US residents
-  Two forms of Government Issued Picture ID (Such as drivers license and passport), either scanned or legible fax copy
-  Two statemements to provide proof of address( Such as utility bill and bank statement)
-  Employment Information (including address)
-  A valid email address to receive important account information
 
How long does it take to open an account?
 Our broker online application takes about 10 minutes from start to finish. Account numbers are generated once the account is activated often within 1-2 business days.
 
What is the fastest way to deposit funds?
 Depending on our Boker Partner, we offer 5 methods for making deposits. Credit Card and Paypal deposits will be credited to your account within one business day. Wire transfers take 24-48 hours, Electronic Checks are credited after 5 business days and mailed checks are subject to clearing before they are deposited.
 
What is considered sufficient proof of address?
 Proof of address must be an article such as a utility bill or bank statement that displays your name at the address you provide in your application.
 
Why do you need my email address?
 Email is the primary means of communication with customers. Brokers also need your email address to notify you of the creation of your account and your login credentials.
 
Why do you need my personal information?
 Our broker partners collect personal information to verify your identity and to maintain the highest level of security and protection for your account. As part of opening an account, we ask for your name, address, date of birth, and other information that allows us to identify you. Brokers may also utilize a third-party information provider for verification purposes and/or ask for a copy of your drivers license or other identifying documents.
 
 
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.