Some important information is required to open a real
account in forex broker. You will have to give the following information.
• First Name ( The first part of your name )
• Last Name ( The last part of your name )
• Your Address
• Your email address
You might have filled all these options in different
websites. So, you are well known to these options. But some other options are
also given there. You may hesitate when you will fill them. As you will have to
select them, following information is necessary for you.
► Swap: Swap means interest. Different central
bank of different countries will give you interest or you will have to pay
interest. This interest depends on the volume of your trade. You should un-check
the swap option because you will have to pay interest if you loss. Un-checking
this option is better for you.
► Leverage: It has been discussed before. But
I am giving a brief about it. Leverage means the loan which your broker will
give you based on your balance. 1: 500 leverage means your broker will give you
500x loan. By this you can double your balance in a day.
►Account currency: Selecting USD or Us Dollar is perfect.
►Account type: This depends on the amount of
your deposit. If your deposit is less than $1000 then your account is micro. If
your deposit is $1000 to $10,000 then your account is mini. If your deposit is
more than $10,000 then your account is Standard.
Many forex brokers require verifying your account. Without
verifying your account you can not deposit or withdraw dollar. You have to
upload two types of document to verify your account.
► Scanned copy of your passport / national ID card / driving
license to verify your image.
► Scanned copy of electricity / gas / mobile / internet bill
to verify your address.
But a few brokers do not need to verify your account. It is
better to verify your account who needs to verify.
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