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Open a Live Forex Trading Account


Submitting Your Application
Opening a live trading account is quick and easy. Applications can be submitted online, or via FAX.

Opening an Account Online
The quickest and easiest way to open a live trading account is online. The application can be completed in just minutes.


Instructions for Completing the FX New Account Agreement via FAX

  • Print out and read the New Account Agreement.

  • Type in all required Information.

  • Sign the necessary sections.

  • Fax back the required pages to (212) 897-7669.


Instructions for Customers Who Reside Outside the United States

  • One form of government issued identification from each account holder (i.e. driver's license, passport, etc.).

  • Proof of client’s residential address as represented on the account application (i.e. utility bill, bank statement, Note: P.O. Boxes are NOT acceptable).

  • The copies of ID and proof of residence, along with the account application should be FAXED to (212) 897-7669.


Alternatively, you may submit your documents as scanned images (JPG, GIF, BMP, DOC, PDF - no password protection please) to our New Accounts department at newaccounts@fxcm.com.

Important Information: Please be sure to type or clearly print your email address on the New Account Agreement, as this will be the medium used to contact you following the receipt of the application.

To have an application mailed to you click here.

Forex Mini Trading Differences

The Mini trading account uses the same state-of-the-art trading platform as the regular trading account. There is no additional software to download.

Account Size
The minimum amount that is required to open a Mini trading account is $25. Of course, due to the high leverage and the extremely volatile nature of the Forex market, the recommended minimum investment size is $500. Note: Leverage without proper risk management can lead to large losses as well as gains.

Trade Size
On the Mini trading platform all trades are executed in standard sizes of 10,000 base currency per one lot. There is no maximum trading volume on the Mini trading platform.

Pip/Tick Value
Profit and loss is easy to calculate when trading on the Mini platform. In the EUR/USD and many other currency pairs, a one pip (or tick) movement in the exchange rate is equal to a one-dollar gain or loss in the account value per lot (and approximately $1 in the 17 other currency pairs).

Margin Requirement
Up to 100:1 Leverage: Clients must have approximately 1/2% of the value of the positions they hold in their account for each lot of currency being traded (approximately 200:1 leverage). Leverage without proper risk management, this high degree of leverage can lead to large losses as well as gains. This equates to $50 per lot (10,000 units). This amount does not change after 5:00 PM New York time, which is the rollover cut off, but stays constant at approximately 1/2% per lot the entire day and overnight.

Guaranteed Limited Risk: There is also an important safety feature imbedded in this system that prevents clients from losing more money than they have in the account. Should the account equity -- meaning the total floating value of the account -- fall below the margin requirement of approximately 1/2% per lot, the dealing desk may close some or all positions.

Spreads

Dealing Spreads


These spreads may vary depending on market conditons.

Currency PairSpread Currency PairSpread