How and where to open FOREX Trading Account?

[yastec]

hi RAJESH here from mumbai.hows things at dukas copy.let me know .my cell no 9567777779.

 

[darkstar]

Basic process is below

Online:

Fill the required account application required

Offline:

Download application or get application paper from your brokers, go through it and sign them up were ever required

And send scanned copy of same and some broker need physical copy of it though



Submit the required ID proof required generally Driving License, Passport, Pan Card or Voter ID is treated as valid in most cases and some brokers need recent copy of your utility bill

Fund your account:

1. Wire Transfer
2. Online using credit card
3. Local funding

Decide you want market maker or ECN before going to trade FX

Recommended broker: Fxcentral, i have account with them as i need local support

market maker or ecn which one is better and there diffrence

 

[preetksgill]

Again..who is this broker and where is it based?

Australian company enfinium and u can directly open account with them

http://www.enfinium.com.au/applications/1111/individual_MT4_online.html

 

[jessica_30]

There are many forex broker now a day. Is it possible to open an account even your outside US?

 

[naga_thetrader]

hey, don't fund for forex trading. there are hundreds of competions running accross simply paritcipate in them, win to receive real money a/c and then you start trading like i did in FEB. visit http://www.dukascopy.com/tradercontest/?action=blog&trader=nagarajaadiga&month=201102 and you test your skill

 

[hyraj]

hey, don't fund for forex trading. there are hundreds of competions running accross simply paritcipate in them, win to receive real money a/c and then you start trading like i did in FEB. visit http://www.dukascopy.com/tradercontest/?action=blog&trader=nagarajaadiga&month=201102 and you test your skill

Yeah Naga-TheTrader,

U r undisputed WINNER of $5000 in Feb 2011, Congrats for that...i hav seen it.


~~hyraj

 

[naga_thetrader]

thanks hyraj.

Hope the forex traders in the traderji forum will make use of the competition.

Please spread this. let more and more indians win the competition.

 

[Indian-FX]

Thanks Guys for the information about this contest

I have recently started trading with Liteforex.com, and they are quite fast and now they have started Customer Support in Hindi and a dedicated team for India as well, quite satisfied

Happy Trading !!

 

[ayush2020]

Thanks Guys for the information about this contest

I have recently started trading with Liteforex.com, and they are quite fast and now they have started Customer Support in Hindi and a dedicated team for India as well, quite satisfied

Happy Trading !!

is it demo or real one???

 

[wetradefx]

manoj you can maintain them as long as they are funded from overseas bank account, bare in mind that recalling profits to india can be a issue for tax purposes