May 3, 2011
Do you need to get a credit check in order to open a Forex trading account?
By Planet Wealth
So you still get like 100:1 or 200:1 leverage without getting your credit checked?
Topics: trading tips | 6 Comments »
6 Responses to “Do you need to get a credit check in order to open a Forex trading account?”
Comments
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May 3rd, 2011 at 10:23 am
For most accounts no.Some huge accounts like a professional trader yes there is a credit check.Most brokers will let you start with a minimum of 500.00 Oanda has like a dollar minimum.
May 3rd, 2011 at 10:23 am
No all that you need is money to open an account. Then you can invest on the forex market. No credit check.
May 3rd, 2011 at 10:23 am
Hello,
There is a credit check in all the forex accounts. you need to maintain a minimum balance. Which is called the maintenance margin. Some brokers do hide them and then they deduct interest from your account. Many dealers are practicing this. But you have to be cautious about your funds and keep an eye on them.
I am trading with Finexo. Here we have to keep a minimum balance of $ 100 always. and the leverage they provide is 200:1. Their rules are well specified and are very organized.
May 3rd, 2011 at 10:23 am
no, but you will need a credit card if you want to trade in this forex platform. anyway, this is the best platform i know so far. being one of the leaders in the forex business this is real, legitimate, reliable and a very trusted site to trade forex with.
May 3rd, 2011 at 10:23 am
There’s lots of other ways of supplying money for your forex trading venture. You don’t necessarily need a CC.
May 3rd, 2011 at 10:23 am
No you don’t need any credit check in order to open a Forex trading account. Only you need is money.
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http://online-fx-trading.net/what-is-forex