Opening a trading account FAQs
- How do I open an account with FOREX.com?
- What information do I need when opening an account?
- Why do I need to provide my financial information?
- How much money do I need to open an account?
- How do I know if my account has been opened?
- How do I open an additional account?
- How can I send my documentation to FOREX.com?
- My documents are not in English. Will this be a problem?
- Whose name and address should be on the confirmation documents for a corporate account application?
- What are Articles of Incorporation in regard to a corporate account?
- How can I provide the breakdown of shares/Share Registry for my corporate account?
- What is a Certification of Incorporation in regard to a corporate account?
- For a joint account, do I need documentation for both account holders?
How do I open an account with FOREX.com?
You can apply for an account with FOREX.com online. Start your application now.
What information do I need when opening an account?
You will be asked to provide information such as your name, address, date of birth, and tax ID number to help us verify your identity.
We will attempt to verify your identity instantly, but if we cannot, we will reach out to you to request further supporting information or documentation.
Why do I need to provide my financial information?
FOREX.com’s Customer Due Diligence (‘CDD’) program requires that we verify the source of our clients' funds. This is fundamental in complying with anti-money laundering laws and managing fraud risks. Therefore, we may request you to provide a bank statement or card account statement.
How much money do I need to open an account?
The minimum initial deposit required is at least 100 of your selected base currency. However, we recommend you deposit at least 1,000 to allow you more flexibility and better risk management when trading your account.
How do I know if my account has been opened?
We will email you as soon as your application has been approved. Alternatively, you can always log into MyAccount to check on the status of your account application.
How do I open an additional account?
You may request an additional account by logging into MyAccount and selecting "Request Additional Account."
How can I send my documentation to FOREX.com?
The fastest way to provide us with supporting documentation is via MyAccount: Log in and follow the instructions to upload your documents.
You can also email or mail us your documentation:
Email: [email protected]
Mail: 30 Independence Blvd, Suite 300 (3rd floor), Warren, NJ 07059
My documents are not in English. Will this be a problem?
No, FOREX.com has staff available to translate documents from many languages.
Whose name and address should be on the confirmation documents for a corporate account application?
The address verification document for a corporate account application should display the entity’s name and primary business address.
What are Articles of Incorporation in regard to a corporate account?
Articles of Incorporation state the purpose for which the company was formed, indicate the members of the company, and sets forth its purpose according to the laws of the state in which it is established. These documents are sometimes referred to as Articles of Association and Memorandum of Association and should also include a breakdown of the shares of the company. If any shareholder owns more than 10% of the company, we will require full verification for that shareholder.
How can I provide the breakdown of shares/Share Registry for my corporate account?
The corporate breakdown of shares or Share Registry should be within the official Articles of Incorporation. If the details are not within the corporate documentation, please contact FOREX.com at your earliest convenience.
What is a Certification of Incorporation in regard to a corporate account?
A Certificate of Incorporation is a statement which confirms that a new company has fulfilled the necessary legal requirements for incorporation and is duly incorporated according to the local government or other regulatory agency.
For a joint account, do I need documentation for both account holders?
Yes, both account holders must provide the required documentation.