We usually recommend starting with forexdemo accounts to understand all advantages and disadvantages any given forex broker has. Mini forex accounts are a great opportunity to take a crack at this business as the contracts sizes are smaller. A standard account will suit those who already have some skills and experience in trading real money and feel confident on the forex market. Currency rates available in the demo forex system are exactly the same as those in the trading forex platform.įorex brokers do every effort to make sure that demo users get the full and complete picture of what will be available to them when they open a live forex account. Demo and real accounts are exactly the same in every respect except one - there is no capital at risk when trading on the demo forex account. It can be a demo account, a mini forex account or a standard account. How to Open a Forex Trading Account?īefore opening a forex account you should decide what account type you need.

All rights reserved.Read our extended Forex Guide to find out how to choose the Best Forex Broker 2022. We have implemented a Civil Liability insurance program for a limit of 5,000,000 EUR, which includes market-leading coverage against omissions, fraud, errors, negligence, and other risks that may lead to financial losses of clients.© RoboForex, 2009-2022.

Therefore, the company took additional measures to ensure compliance with its obligations to the clients. RoboForex Ltd and it affiliates don't work on the territory of the USA, Canada, Japan, Australia, Bonaire, Curaçao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, Micronesia, Northern Mariana Islands, Svalbard and Jan Mayen, South Sudan, and other restricted countries.Īt RoboForex, we understand that traders should focus all their efforts on trading and not worry about the appropriate level of safety of their capital. RoboForex Ltd and its affiliates do not target UK clients. If the risks involved seem unclear to you, please apply to an outside specialist for an independent advice. Copy-trading services imply additional risks to your investment due to nature of such products. When trading or investing, you must always take into consideration the level of your experience. You should not trade or invest unless you fully understand the true extent of your exposure to the risk of loss. You should not risk more than you can afford to lose, it is possible that you may lose the entire amount of your account balance.

58.42% of retail investor accounts lose money when trading CFDs with this provider. Risk Warning: There is a high level of risk involved when trading leveraged products such as Forex/CFDs.

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