Opening a forex account may be easy, but deciding on the forex broker that you want to open an account with should be done with utmost care. forex brokers and their offered accounts vary vastly from one another in terms of costs, product quality, the safety of funds, and so on. So it is necessary to evaluate each broker before making a long-term decision.
Once you have decided on the broker, the process is the same as opening a bank account. The following details are required for such a process: name, address, email, phone number, password for your account, date of birth, country of resident, and ID/passport number.
Afterward, you are required to submit some documents such as your National ID or passport, and a utility bill (gas, water, electricity, or bank statement) to verify your address. In other words, you have to upload the aforementioned documents in your personal cabinet on the broker website.
Once the information is verified, you can fund your account (via bank transfer, Visa/credit cards, Perfect Money, Skrill, Neteller, Bitcoin, or other methods) to start trading.
