Markets.com Review, Account Types and How to open an account?

Markets.com

Do you find it difficult to understand the account opening method of markets.com. If yes, then this article can prove helpful. 

What are the account types of Markets.com?

When it comes to account types, you get two options on the platform of https://tradefx.co.za/review/markets-com  that includes professional and retail.

Retail Account Type

It is the most common type of account that usually newbies or inexperienced people prefer to go for. By signing up for this account type, you can get an ample opportunity to trade in 2200 assets. 

Professional Account Type

Experienced people prefer to go for the professional account type. If you want to start trading through this account, then you must need to have a minimum deposit of $500,000. In addition, you can also get further leverage as well.

Islamic Account Type

This type of account is specially designed for Muslims because it is in accordance with the principle of shariah. This type of account follows the interest-free trading principle. 

How to open an account?

After knowing the types of accounts, you must be wondering what is the exact procedure of opening an account? So, don’t worry because here we are going to share the complete details of opening an account.

Give them your financial and personal information.

Tell them your tracking background, and you have to go through a skill set.

After that, you have to confirm your citizenship and identity. For identifying your identity, you have to upload the driver’s license, national ID or passport. In addition, the bank statements and bills can be accepted as your residency’s proof.

Currencies supported by Markets.com.

The markets. come offered a long list of currencies that includes AUD, DKK, NOK, SEK, PLN, CHF, USD, SEK, GBP, AND ZAR. Furthermore, if you are going for MT4/5 trading platforms, then you can get a lot of choices that include GBP, EUR, USD, CAD, AUD, PLN, and JPY.

Keep in mind that if you want to deposit in any other currency, then the conversion fees will apply. 

Deposits and Withdrawals

If you go for maarkets.com, you can get a lot of payment options that include Quick Bank Transfer, PayPal, Neteller, Skrill, Sofort, and iDeal.

The minimum deposit needed to start trading on the platform of markets.com is $100. On the other hand, the withdrawal fees depend on the type of payment you have chosen. But commonly, it varies between $5-$100. This forex trader does not ask for any extra fees, but you may have to pay fees charged by the third party.

Final Thoughts

To sum up the article, we would like to say that forex trading is quite challenging and you have to put consistent and hard efforts if you want to become successful in it. We are optimistic that the account types and the method of opening an account mentioned in this article will assist in comprehending it in a better way. If you have any queries, you can ask in the comments section.

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