How to Open a Forex Trading Account – FXPRIMUS

This is another investment vehicle that we are now trying to ride in hopes that this will help us amidst this pandemic – uncertain when will this end. Personally, I only hear about Forex or simply read about them but this year changes it all. I was introduced to the Forex world with a friend who became my one on one coach.

To share this with you here’s a little tutorial on how to open an account. For beginners, you probably heard about Forex being illegal – to answer this yes, this is illegal in the Philippines since this was all forgotten way back, and license to operate is not being regulated by the government. To make it legal, we open an account outside the country. In my case, my broker is located in Cyprus. I will probably write more often about this journey, for now, read on to guide you on how to open an account.

Go to FXPrimus to register an account.
Fill up the form.

Then, check your email to verify your email address.

Open the email and click on the ‘Verify my email address’ button.
You will be redirected to your account‘s dashboard and will be prompt like the below message.

Then, click ‘Continue’ to complete your profile you will be redirected to the Documents tab. This is for the Proof of Residence and Identification. Your address in your Personal Details should be the same as the ID that you will upload.

On your trading account information, choose ECN Premier Spread, 1:500, and USD.

Then on the Fund your Account (you may skip this if you plan to fund your account later).

After this, you are mostly set for your account. You can check this funding tutorial to guide you once you decide to take your trading to the next level.
If you plan to create demo accounts to get you started, you may refer to this tutorial as well.

Be careful, Forex is not for fainted heart. You will surely experience the greatest loss/gain, it will take time and experience to be able to surely gain long term. Equipped yourself with knowledge and learn from the mistakes of the long time trader instead of experiencing them first-hand. Mistakes here will cost you a fortune – be sure to only invest what you can lose.