It’s Shoaib here and today I will show you, How to open a Forex Trading Account. After getting the Basic knowledge of Forex Trading, your next step is to create a Forex Trading Account. So Basically, there are two types of accounts in Forex Trading. The first one is ‘Demo’ and the second one is ‘Real’ account.
Forex Demo Account:
Every broker offers a Demo Trading Accounts. So it is a great opportunity for all of you guys to first practice there and then move to the real one. The Demo account is actually a Practice Account. In this account, broker gives you the virtual money for practice purpose. The whole Interface is the same on a demo and real accounts. So if you want to test some strategies, test any EA’s or whatever you want, you can try on a demo account.
Forex Real Account:
After practicing on a Demo Account you can move to the real one. But before trading with your real money, make sure you fully understand the Forex Market. In this account, you need to invest your real money and then start trading and then if you make the profit so it can be withdrawable.
Please Note: If your real account is under FXF IB. You will get a Free T-shirt, Free Training, Help Support, $3 Cashback Rebate, Free Daily Analysis, Low Gold Spread and so on…!
We hope, after watching the above tutorial, you should understand the method of opening an account with XM. But still if you face any problems, just ping us and we will be ready to help you anytime.