The Forex bank accounts

Trading in the Forex market is the great way to become a participant in the wiseacre exchange game. Opening a Forex account is available to both individuals and legal entities. It is critical to choose the right bank account and know what opportunities it offers if you want your Forex trading to be successful.

 

You can use different types of Forex accounts and different schemes of working with the brokerage firm to achieve the best results and hone your effective trading strategy. 

 

Opening an account for an individual and a legal entity: conditions and rules

A real Forex account allows withdrawing money to bank accounts of individuals and legal entities. To open it, you need to go through a simplistic registration process, after which the trader will have access to the virtual office.

 

To open an account for a legal entity, you must provide personal data of the account manager and electronic copies of the following documents:

 

• Constituent documents.

• Certificate of registration of the legal entity.

• Proof of authority of the head of the company.

• Bank card with specimen signatures of authorized personnel and stamp impression.

• Power of attorney for authorized personnel.

• All documents must be translated into English with a notarized translation.

 

Individuals are required to have electronic copies of the following documents when opening an account:

 

• Internal passport: with personal data and registration stamp.

 

The contracts or financial instruments offered for conclusion are highly risky and may result in loss of deposited funds in full. You should familiarize yourself with the risks involved before entering into transactions.