Typical account requirements
As you will have noted, setting up a real money account in Forex is pretty simple. To complete the process without any hiccups, however, you’ll have to have a few bits of information ready. These include your name, email address, physical address, phone number, password, and default account currency. You will also be required to provide your country of citizenship, date of birth, social security number, employment status, net worth, annual income, and trading experience, among other information.
You may wonder why CAPEX would want to know all this information. The answer is simple—to comply with the law. As the Forex trading environment gets tighter regulations, brokers have had to request more information from account holders. These regulations both reduce the incidence of fraud and protect you from the risk of loss. For example, traders who overleverage themselves should have been confirmed to be able to pay back any losses.
Conclusion – Trade Forex at CAPEX
The Forex trading market is a behemoth that knowledgeable, disciplined, and experienced traders find lucrative. At CAPEX, we strive to provide new traders with the necessary resources to up their game. We also facilitate a platform where you can experience real-world market conditions without any financial risk. At one point or another, however, you’ll likely want to know how to open a real money Forex account.
Fortunately, we also have several account types that suit different budgets and experience levels. From the Basic, Essential, and Original, to the Premium and Signature accounts, CAPEX ensures that every trader can access the necessary tools to remain profitable. Open a real money account in Forex with CAPEX today via a quick and simple process. If you have your personal information and payment option ready, and you can open an account in just a few minutes.