Opening a Trading Account FAQs

Browse our FAQs as you go through the process of opening a new trading account.
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Opening an Account
  1. How do I open an account with FOREX.com?
  2. What information do I need when opening an account?
  3. Why do I need to provide my financial information?
  4. How much money do I need to open an account?
  5. How do I know if my account has been opened?
  6. How do I open an additional account?
  7. Does FOREX.com offer IRAs?
  8. Does FOREX.com offer swap-free accounts?
  9. What types of documents do you accept for identity verification?
  10. What types of documents do you accept as address verification?
  11. My proof of identification also has my address on it. Can I use it for both ID and proof of residence?
  12. How can I send my documentation to FOREX.com?
  13. My documents are not in English. Will this be a problem?
  14. Whose name and address should be on the confirmation documents for a corporate account application?
  15. What are Articles of Incorporation in regards to a corporate account?
  16. How can I provide the breakdown of shares/Share Registry for my corporate account?
  17. What is a Certification of Incorporation in regards to a corporate account?
  18. 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?

We will need you to provide us with your name, address and tax ID number to establish your identity. Typically, we can verify your identity instantly. For more information, see our Account Documents FAQs.

Why do I need to provide my financial information?

FOREX.com requests personal information, including financial and tax identification information, in order to comply with U.S. government laws and CFTC rules. We’ll request personal information from both new customers and existing customers. FOREX.com complies with a CFTC customer identification rule of the USA Patriot Act of 2001. This rule requires FOREX.com to put procedures in place to verify the identity of any person seeking to open an account and to maintain records of their information. 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. However, we recommend you deposit at least $2,500 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 login to 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, going to your Account Settings and selecting Add New Account.

Does FOREX.com offer IRAs?

FOREX.com offers US individual customers the ability to trade forex by setting up an Individual Account with us and an IRA through one of our three partner custodians with whom we have established relationships. Visit our IRA page to learn more about the process.

Does FOREX.com offer swap-free accounts?

Yes, FOREX.com offers swap-free accounts in certain circumstances. For more information, please contact us.

What types of documents do you accept for identity verification?

Acceptable documents for identity verification include but are not limited to:

  • Valid, current passports
  • Valid, current driver licenses
  • Valid national IDs

Other types of ID may be acceptable on a case-by-case basis after review.

What types of documents do you accept as address verification?

To be accepted as a verification of address, a document must show both your name and address as indicated on your application.

Acceptable forms of proof of residence include but are not limited to:

  • Government-issued photo identification
  • Utility bills
  • Bank or credit card statements

Utility bills and statements must be dated within the last six months. Confidential information such as account numbers may be removed at your discretion.

My proof of identification also has my address on it. Can I use it for both ID and proof of residence?

Yes, if your proof of identification document has your address on it, it can usually be used for both address and identity verification. However, please be aware that there are exceptions when we do need to request two separate forms of identity.

How can I send my documentation to FOREX.com?

The fastest way to provide us with supporting documentation is via MyAccount. Simply log in and follow the instructions to upload your documents.

You can also email or mail us your documentation:

Email: [email protected]

Mail:

FOREX.com
Attn: New Accounts
30 Independence Blvd,
3rd Floor,
Warren, New Jersey, 07059

Fax: +1.908.731.0777

My documents are not in English. Will this be a problem?

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 regards to a corporate account?

Articles of Incorporation state the purpose for which the company was formed, indicate the members of the company, and set 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 ID 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 regards 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 a government-issued photo ID when we aren't able to electronically verify their ID. Documentation for proof of address also must be verified for both applicants.