Trading Account Guide

Opening a trading account with Forex Club is an easy and straight-forward process.

1. Submit an online application

It will take just few minutes to an application. Our knowledgeable managers will be glad to assist you in the process. Most of account applications are processed within one business day.

2. Provide a proof of ID (Non-US customers only)

US customers may skip this step. Proof of ID is required for Non-US customers only. You can send a copy of your passport or driver license by email or upload it here

3. Fund your trading account

We recommend sending funds to your account right after you have submitted your application. This way, you will be able to start trading live immediately after your account has been opened. In rare circumstances when we are unable to open you a trading account, we will reverse your transfer.

Trade on spreads as low as 1-2 pips, commission-free

Trade on dealing spreads as low as 1-2 pips on the most widely traded currency pairs. As always, you pay no commissions at FOREX.com, only the bid/offer spread. And with our fractional pips, you gain an extra digit of precision so that you can take advantage of smaller price movements.

Plus, you can enter orders at any price - even inside the spread - and trade around news events, major economic announcements and other times of high market volatility. For traders who prefer to trade in a fixed spreads environment, that option is also available.

Welcome to Forex Daily

Forex Daily provides totally free trading information service on currencies around the world. Forex trading online is becoming more and more popular and our aim is to keep you up to date with the very latest financial market trends and Forex forecasts. Live financial information and trading tips are all here to boost your currency trading experience.

What is Forex (Foreign Exchange)?

Foreign Exchange (FOREX) is the arena where a nation’s currency is exchanged for that of another. The foreign exchange market is the largest financial market in the world, with the equivalent of over $1.9 trillion changing hands daily; more than three times the aggregate amount of the US Equity and Treasury markets combined. Unlike other financial markets, the Forex market has no physical location and no central exchange (off-exchange). It operates through a global network of banks, corporations and individuals trading one currency for another. The lack of a physical exchange enables the Forex market to operate on a 24-hour basis, spanning from one zone to another in all the major financial centers.

Traditionally, retail investors’ only means of gaining access to the foreign exchange market was through banks that transacted large amounts of currencies for commercial and investment purposes. Trading volume has increased rapidly over time, especially after exchange rates were allowed to float freely in 1971. Today, importers and exporters, international portfolio managers, multinational corporations, speculators, day traders, long-term holders and hedge funds all use the FOREX market to pay for goods and services, transact in financial assets or to reduce the risk of currency movements by hedging their exposure in other markets.

MG Financial Group, now operating in over 100 countries, serves all manner of clients, comprising speculators and strategic traders. Whether it’s day-traders looking for short-term gains, or fund managers wanting to hedge their non-US assets, MG’s DealStation™ allows them to participate in FOREX trading by providing a combination of live quotes, Real-Time charts, and news and analysis that attracts traders with an orientation towards fundamental and/or technical analysis.