How To Open A Real Money Forex Account Maximizing Your Trading Potential with a Live Forex Account

As the name implies, Forex trading is the process of buying and selling currencies. It’s based on how, based on a variety of economic and political factors, currencies strengthen and weaken. The Forex market is, by far, the largest in the world by volume. Besides helping to establish the true market value of currencies, the Forex market also allows businesses to hedge against fluctuating currency values in different countries where they have interests.

What is a Forex account?

As you’d find in the stocks and cryptocurrency trading markets, you can’t trade in Forex without opening an account. But you can’t directly open an account on the Forex market. You can only open a real money account in Forex with a broker who then acts as an intermediary between you and the market. The account stores your funds and allows you to place orders for buying and selling currencies. But not all brokers are made equal. By choosing CAPEX to facilitate your trades, you get access to the benefits that we revealed before and a whole lot more.

Why open an account?

Apart from the aforementioned functions of the Forex market, it’s also a platform where traders can make money from the price differentials. By predicting when different currency pairs will increase or decrease in value, you can buy low and sell high. At CAPEX, we excel at helping budding traders quickly grasp the factors that make Forex markets move. We also provide current market news and tips to help you make profitable trades.

We’ve already established that you need to open a trading account if you’re looking to dabble in the forex market. However, before you rush to register, you need to know which types of accounts you can open and which one is currently the best option for you.

Demo account in Forex

As much as Forex trading ideally results in healthy profits, it also comes with a real risk of financial losses. Therefore, before you open a real money account in Forex, you may want to trade in a risk-free environment. A demo account is a free training account where new traders can learn the ropes using virtual money. By opening a demo account with CAPEX, you learn to put the theoretical knowledge you acquired into practice in real market conditions. You also get familiar with the trading platform, charts, and financial instruments without stress and psychological pressure.

Real money account in Forex

Using a real money account in Forex, you trade using real money, get real money profits, and incur real money losses. At CAPEX, you can open an account that suits your budget and your current stage in your trading journey.

If you like what you’ve seen so far, then you’re most likely ready to open a real money account in Forex with CAPEX. You’ll be happy to know that the process is quick and doesn’t take more than a few minutes of your time, using the following steps:

1. Choose CAPEX as your broker

Many brokers promise the world to prospective customers. However, as we’ve demonstrated in this article and on the market, CAPEX offers an enabling environment for traders to thrive.

2. Choose your preferred account type

As we mentioned before, CAPEX allows you to open an account that suits your budget and trading experience. The Basic, Essential, Original, Premium, and Signature accounts have a $100, $1,000, $5,000, $10,000, and $25,000 minimum threshold. If you’re a novice trader, it’s best to start with a demo account then move onto the Basic real money account. You can then gradually increase your investment as you gain experience.  With more advanced accounts, you’ll have access to more trading features and instruments.

3. Open your real money account in Forex

You can open a real money account on the CAPEX website or using MetaTrader. On the CAPEX Forex trading page, click the “Start Trading” button. This will take you to the account registration screen. Enter your email, password, phone number, and click “Create Account”.

4. Provide your personal information

Once your account is up and running, you’ll have to provide your personal information, including your name, address, and date of birth, among other things. You’ll also have to provide your financial information, such as your tax information and source of income for funding your trades. Once you choose your leverage amount, all that’s left is to fund your account. As you’ll be required to send verification documents, including a utility bill and a government-issued ID, it’s important to provide accurate information.

5. Make a deposit

To trade using a real money account in Forex, you need to inject some cash into your CAPEX account. To do that, first select “Deposit and Start Trading”. Enter the amount you’d like to deposit and confirm. You can then choose your preferred banking option and enter your details. At CAPEX, we always advise new traders not to put up any money that they can’t afford to lose. This sounds like obvious advice, but you’d be surprised at how many people start off overconfident and take unnecessary risks.

Register

Register an account on CAPEX.com and start trading.

Verify

Send over your documents and verify your account.

Deposit

Login into your CAPEX.com account and deposit money.

Trade

Start trading with CFD’s and over 5000 other instruments.

Register Account