Signing up as a client at Forex4you is quite simple. Here is the comprehensive tutorial for opening an account on Forex4you, including the processes for verification.
Forex4you is a forex brokerage firm established in 2007 and provides online trading services to traders all over the world. One of the biggest advantages of Forex4you is that they always work on developing new ideas and technology to improve client satisfaction. Because of this, the broker currently possesses over 2.5 million registered trading accounts and over 1.2 billion executed trades.
Creating a new trading account with the broker is required in order to use all the services provided by Forex4you. To find out more details, follow this article.
Steps for opening Forex4you account
- Visit Forex4you’s official website and select “Open Account”.
- Provide your personal details, including your email address, full name, phone number on the registration form. Create your own password and make sure that it meets all the requirements. Click “Confirm & Continue” after you’re finished.
- An SMS with an account verification code will be sent to you. Enter the code then choose “Confirm & Continue”.
- You’ve successfully created your Forex4you account! Verifying your account to get full advantage of the broker’s services.
Account Verification
As mentioned above, you have to complete the account verification procedure to fully access Forex4you’s services.
In this situation, the broker requires every new client to upload two types of documents, such as:
Identification Document (ID)
You may provide one of the following documents to confirm your identity:
- Passport
- Voters Card
- Driver’s License
- National e-ID Card
- Digital NIN Slip
- NIN Slip (printed) with Affidavit
- Digital ID Card (printed and electronic)
At the time of verification, the document must be valid and have a duration of more than one month. You must also ensure that all information is clearly visible and the document is undamaged. You may submit either a color scan or a picture of the document. Besides, please take note that 4 corners of the picture are included and both sides need to be uploaded.
Proof of Address
This category accepts the following documents:
- Utility Bill
- Bank Statement
- NIN Slip (printed) without Affidavit
- Voters Card
- Driver’s License
While confirming, the document has to be valid and not dated more than 3 months. Your name and residential address must match your registered profile. If the ID card is valid and shows the address, it can be used to verify both identity and address.
Verification Steps
- To submit the documents, simply access your Trader Room and click the banner at the top of the screen.
- Provide your personal information and click “Upload Documents” to proceed to the next phase.
- Upload the files that you have already prepared. Since all of the requirements will appear on the screen, make sure that it is qualified.
- After that, you have to wait for the broker to approve your request. Forex4you will send an email to your registered email address promptly as it’s done. It will take a moment to complete this process.
Final Verdict
Forex4you is a proficient broker for both beginners and experienced traders. It offers a lot of useful tools and innovations improving the trading experience for its users. For example, you have many types of accounts to select from and trade based on your ability. Moreover, you can try Share4you, one kind of copy trading service, which is highly favored by traders at present.
As previously mentioned, creating an account is a quick and simple process. The registration process may be completed in 10 to 15 minutes, and it will take one business day to verify your account. After that, you can fund your account and start trading right away.
Forex4you is a forex and CFD broker with over 15 years of operation. The firm attempts to contribute to worldwide transformation in the online trading sector, which brings transparency and makes trading accessible to all through instant and market execution, multiple trading platforms, free market analytics, and multiple account types.
Frequently Asked Questions (FAQ)
What kinds of accounts does Forex4you provide?
There are 4 types of accounts that Forex4you offers: Cent, Classic, Classic Pro, Cent Pro, and Classic Standard (STP)
What is the minimum deposit required for a Forex4you account?
There is no minimum deposit required to start an account with Forex4you. However, depending on your mode of payment, you generally need to deposit at least 1 or 2 USD.
Is it possible to have multiple Forex4you accounts?
Indeed, Forex4you allows you to have more than one account.
What are the distinctions among Forex4you account types?
There are several differences between the Forex4you account types such as spreads, commissions, leverage, and accessible trading instruments.
Can I switch between different Forex4you account types?
Yes, using your trading platform or the website’s client area, you may change between different kinds of Forex4you accounts.
What is the leverage available for each type of Forex4you account?
Depending on the trading instrument and the state of the market, different Forex4you account types have distinct leverages.
Does Forex4you support Islamic accounts?
Yes, Forex4you provides Islamic accounts to its customers in Vietnam, Thailand, and India. They are Sharia compliant accounts, frequently referred to as swap-free accounts.
How can I conduct my first transaction at IC Markets starting in February 2024?
It is a wise option to use IC Markets as your broker for your first trading. In this post, we’ll walk you through the entire process, from registration to placing your first order. Opening an account at IC Markets is very easy and does not require prior experience. You should be quite familiar with what to expect if you have already created an account online.
To sum up, IC Markets is a multinational FX and CFD broker. The corporation is managed by financial regulators worldwide, including the top-tier ASIC.
After creating a real-money account and carefully testing IC Markets’ services with our analysis team, these are my primary conclusions:
- Generally, it takes 15 minutes to sign up, but it might take a day for your account to be confirmed.
- You will need to provide documentation showing your identity and residency. For example:
- Proof of identity: national ID, passport, driver’s license
- Proof of residency: bank statement, utility bill, credit card statement, tax statement from last 3 months
- IC Markets is a reputable broker approved by a top-tier regulator.
- Access and register right now at IC Markets’ website!
Let’s first check if IC Markets is available in your region.
For instance, you can immediately open your account at IC Markets if you live in Vietnam
Take note: When trading CFDs with this supplier, 74.32% of retail investor accounts lose money. It is important to consider if you can take the high risk of financial loss.
How can I get a verified trading account at IC Markets?
To apply for an account, you have to fill in a registration form. It might take one day for your application to be validated before making a deposit and start trading.
A detailed tutorial for starting an account with IC Markets
- Access IC Markets’ website to begin the account opening procedure.
- Carry out the account creating procedure
Which account should I select at IC Markets?
You ought to consider your understanding of trading and investing experience while selecting an account type if you want to learn more about the opportunities provided by this broker.
You can check out our review to find out more information about the available account types.
Which base currency should I choose to use?
It is important as you can make financial savings.
- There is no conversion fee if you fund your trading account in the same currency as your bank account or trade assets in the same currency as your trading account base currency.
- Opening a multi-currency bank account at a digital bank is an easy and fast way to save on conversion fees.
The following are the basic currencies that are accepted at IC Markets: EUR, USD, GBP, AUD, SGD, NZD, JPY, CHF, HKD, CAD.
IC Markets will verify your account as soon as you complete the form, upload your documentation, select your account type, base currency, and answer the trading survey.
Why must I complete the survey regarding my trading experience?
Although first disturbing, there is no need for concern. This is a normal process because brokers want to ensure that you understand the risks involved in trading and that you have a basic understanding of finance.
Additionally, if the broker asks about your financial resources, including your available assets, salary range,… This is also part of the risk assessment process to make sure that you do not enter into investments or trades that you cannot afford.
How can I fund my account and start trading at IC Markets?
Brokers often provide ACH, credit or debit card, bank transfer, and e-wallet transfer options that can help you fund your account before making your first transaction.
This is your position upon the account opening at IC Markets.
Does IC Markets offer a minimum deposit requirement?
Yes, IC Markets requires a minimum deposit amount of $200. This means that you have to deposit at least $200 before making any trading.
However, if this service does not appeal to you, you can withdraw your money anytime after making a deposit.
You may fund your account and begin investing instantly once you receive your verification email!
After depositing your account, follow these steps to get started:
- Examine the products on the platform first. Its search function also allows you to look for assets.
- Here, you will find a list of assets categorized by asset classifications,
- Tap or click an asset to view its chart.
- After this step, you may easily identify transaction size, order kinds, and terms.
Is the IC Markets safe to use?
Since IC Markets is regulated by the top-tier regulator, it is a great sign of reliability.
It shows that your money is secure and that you won’t become one of IC Markets’ victims of scam.
You will not be charged anything to open an account with IC Markets throughout this procedure. Furthermore, you are allowed to close your account at any moment.
Make sure you know who you can trust with your money if you are preparing to make a financial decision. Verify whether the broker is regarded as reliable. On our website, Betomon, we only suggest regulated brokers whose business practices are supervised by a reliable organization.
Wrap-up
Even though opening an account may seem difficult at first, the ideal moment to start dealing with your funds is always now,.
Please post a comment on our website if you need help or if you have any questions.
What is the minimum deposit for IC Markets?
The minimum deposit amount at IC Markets is $200. Although you can deposit less than $200, you must have at least $200 to start trading.
How long does it take to verify at IC Market?
IC Markets offers a fully digital, user-friendly account opening process. When we tried, our account had been approved in just one day, which was very quick.
How many IC Markets accounts can I open?
Opening more than one trading account at IC Markets is permitted. See our review for a list of accessible accounts. With IC Markets, you may create an additional trading account through your Client Area.
Can I make a $100 deposit at IC Market?
You may start a trading account at IC Markets with $200 or the equivalent in other currency. To begin trading, you must deposit at least $200, however you can deposit less.
Can I trust IC Markets?
Yes, since IC Markets is overseen by at least one well known regulator, it may be regarded as a reputable broker. Additionally, investor protection is supported for most European clients.
See how our specialists individually assess and evaluate brokers by watching this short behind-the-scenes video.
