Can anyone open an online forex brokerage account? PDF Print E-mail
ANSWERED QUESTIONS - ANSWERED QUESTIONS
Monday, 31 August 2009 19:07

Q. Is there any minimum requirement to open an online forex brokerage account, such as financial background, nationality or experience?

A. The requirements depend on broker. Usually if you are opening a cash account (no margin) and you live in the US, you get an easy approval. Margin accounts, just like anything involving your use of the broker's money, require credit check.

In many developing countries, where investing is a relatively new activity, requirements for brokerage accounts can be a lot lower, than in the US.

Good luck!

Moni.

 



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