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What is the process of opening an online foreign exchange account?
Step 1: Apply for account opening and submit account opening information.

1. Apply for opening a real account and fill in the information.

2. Submit the supporting documents required for opening an account (scanned copies of the front and back of the ID card).

Step 2: Check the email address and get the transaction account number: after the approval, you will receive the notification email and the operation method of deposit.

Step 3: Save money for the newly opened account and activate the account.

1. Money can be deposited by wire transfer. Usually it will be received in two working days.

2. Once the funds arrive, you will receive an email containing your login name and password.

Note 1: Choosing a stable foreign exchange platform seems to be more important than whether there is a commission or not and how much the spread is. This is a great feeling for investors after trading. A delayed and frequently dropped platform will make many excellent trading opportunities pass by investors, which will make investors sigh. Of course, these unstable platforms with low execution speed can be experienced in the initial simulation. Therefore, investors are reminded that when opening a foreign exchange account, they should spend some time testing the execution speed of platform trading instead of looking at how big the discount is and how low the spread is. Many new and unknown platforms usually have these defects. The reason is that they are eager to earn investors' money without strong financial support and superb technology to improve the defects of the platform, so these situations have occurred.

Note 2. There are two reasons for choosing a well-known foreign exchange company to open a foreign exchange account. First, powerful foreign exchange companies can maintain their operations at any time. Imagine that when investors sign relevant account opening and cooperation agreements with the company, the company closes down, and individual investors obviously have no choice, then powerful companies can accompany investors to open accounts and trade for a long time in the future to achieve long-term win-win results. Second, a powerful foreign exchange company should be a formal and reliable foreign exchange platform with great authority in selectivity and be responsible to foreign exchange investors at home and abroad. Therefore, it is particularly important to choose well-known foreign exchange companies.

Note 3: When opening a foreign exchange account, pay attention to opening the account first and then saving money. If you save money first and then open an account, then nine times out of ten, you are defrauding investors of trading funds, or even a simple financial fraud, which is not even a basic foreign exchange platform. A formal process should be like this. First, simulate the transaction and submit personal basic documents to open an account. After the account and password are successfully opened, log on to the platform to test the accuracy of the account and modify the password. Then consider whether to save money. Therefore, we should pay attention to the order in the process of opening a foreign exchange account.

Note 4: Choosing a platform with low gross profit does not mean that it is not important. Looking at several formal foreign exchange platforms on the market, such as OFX, FXCM and IBFX, the average spread is 3-5 points, including about 2 points in Euro, 3 points in Pound and 5 points in Gold. If the spread is too high or too low, you don't need to consider it, either a small platform or a foreign exchange platform represented by a secondary agent. So choose a suitable spread and pay attention to where you open a foreign exchange account.

Note 5: Having a good service attitude is often overlooked. In fact, a good service attitude is very helpful for investors to speculate in foreign exchange in the future, because there will be many problems from investors to foreign exchange transactions in the future. An excellent customer service can help investors solve any existing problems smoothly and provide technical and basic knowledge guidance.