What are the required documents for trading foreign exchange and how to open an account Domestic retail forex traders apply to open accounts through international retail forex brokers registered and operating in other countries. Usually, people will apply to open accounts on platforms registered and operating in countries such as the UK FCA, Australia ASIC, Ireland CBI, Japan FSA, and South Africa FSCA. It is best to find an old platform that has been in operation for more than 10 years, and the older the platform, the longer the operation time

What are the required documents for trading foreign exchange and how to open an account Domestic retail forex traders apply to open accounts through international retail forex brokers registered and operating in other countries. Usually, people will apply to open accounts on platforms registered and operating in countries such as the UK FCA, Australia ASIC, Ireland CBI, Japan FSA, and South Africa FSCA. It is best to find an old platform that has been in operation for more than 10 years. The longer the operation time of the old platform, the better the user experience and reputation, and everyone is willing to support and support it for a long time.

To open an account, we need to prepare photos of the front and back of the account holder's ID card, as well as the mobile phone registered with the account holder's ID card (which needs to be used for more than 3 months). Prepare the bank card registered with the account holder's ID card, as well as their own email number. Then we enter the broker's official website and apply to open an account:

1. Fill in the required information for account opening, and the required information must be true and valid.

2. Conduct a truthful risk assessment Q&A survey, read and sign the risk disclosure letter.

3. After choosing whether to use an MT4 account or an MT5 account, set a password, and complete the registration.

4. Upload photos of the front and back of the account holder's ID card and wait for real name authentication from the broker.

5. After passing, you can invest in foreign exchange trading.

Foreign exchange is traded in both directions, with the market trading continuously 24 hours a day from Monday to Friday, and the daily trading volume has already reached over 6 trillion US dollars. The market fluctuates greatly, and there are many trading opportunities. Everyone's investment enthusiasm is very high.The common forex currency pairs used by forex brokers are 400 times leverage, followed by 200 times, 100 times, and 50 times leverage; However, most of them are 400 times, such as major straight currency pairs and major cross currency pairs. Investors can start trading with a single 0.01 lot of 100000 base currency per lot. The minimum unit of change for currency pairs composed of Japanese yen is 0.001, and for other currency pairs it is 0.00001. There is no high capital threshold, and a minimum deposit of 100-200 US dollars can be made to participate in trading. The 0.01 lot margin for trading is only a few dollars, and investors with varying amounts of funds can participate in the trading.

Hope it's helpful to you. To learn more about foreign exchange trading, you can add WeChat for communication.

Kind reminder: Investment carries risks, so choose with caution.After reading the above content by the editor, everyone should have a clear understanding of the information required for forex trading and how to open an account. I hope it is helpful to everyone. If you want to learn more about the information required for forex trading and how to open an account, please follow Dawang Finance website. We will provide you with professional answers and assistance.