Opening an account with a broker is simple. Just fill in the complete data and click to process. The general verification process is about e-mail, mobile number and documents. After submit data, a code or link will be sent to click verification. Meanwhile, when verifying the mobile number, an OTP will be sent via SMS. For document verification, it takes a little time, usually 2 or 3 working days. Try to upload documents with clear photos or photos with high resolution.
Once you have a Trader's Personal Area, you are free to trade as a professional trader yourself or as an investor (copier).
After that you have your own Personal Area along with a password that will be sent to your registered e-mail. Login and please explore the features that will be used such as opening a new trading account, depositing and others.
Swap-free accounts
Swap fee is usually charged for orders that are still opening. For buy transactions, it will be higher than the cost of swap for sell transactions.
A swap-free account is a stay-free account. Some brokers give the term Islamic account. However, non-Muslims can also open this type of account.
There are advantages to trading with a swap-free account. For traders who like a long-term way to close orders, free from piling up overnight costs. Likewise, traders who like hedging techniques, don't have to worry about their balance being depleted if they are hedge long term. There are no restrictions for trading strategies, the conditions are the same as for other account types.
Demo account
A demo account is a virtual trading account. You can open an account of this type in unlimited amounts. Each value on this account is a virtual value. Demo accounts are very useful for practicing trading techniques, testing trading robots, testing trading platforms and more.
Deposit
You need to make a deposit after opening a trading account real. Funds can be deposited through a bank or an e-payment system. This deposit process may take several business days. Some brokers have set an automatic deposit system which connect dire tly via e-payment. This process is very fast in seconds.
The importance of the speed of entering funds
The amount of margin must be maintained during the trading process. Traders should not be careless. Especially the market is in high volatility. Don't let funds come in late even though margins are running low. Percentage of stop out limit for your trading account? Always remember !
Withdrawal
Withdrawal is removing funds from the trading account or wallet of the Personal Cabinet account. The process takes several business days.
Withdrawal methods can be through e-payment systems. Another version of the withdrawal is removing funds to a local bank. Maybe you are more comfortable with this method, please run it. Are there any fees charged? Please check the rules of the broker you are trading with. In my experience, certain banks are free of charge. The currency rate is also not much different from the withdrawal rate of the e-payment version.
