Questions covered in this article:
- How many Trading accounts can I open?
- What currency can I open a Trading account in?
- Why has my password been rejected?
- Can I change my Trading account currency or type?
To open a new Live/Demo Trading account follow these steps:
- Login to your MyFXTM Dashboard > My Accounts > Open New Account
- Click the 'Open account' button under the Trading account type you have chosen
- Select account currency and leverage
- Create a Trading account Password and click 'Open account'
How many Trading accounts can I open?
You can only register one MyFXTM account, but there are no limits to the number of Trading accounts you can create on your MyFXTM ID.
What currency can I open a Trading account in?
We offer Trading accounts in the following currencies: USD, GBP, and EUR.
For customers residing in Nigeria, NGN-denominated Trading accounts are also available.
Please note that the Micro account will be denominated in USD cents, GBP pence, EUR cents, and NGN cents respectively.
Your password should:
- Be at least 8 characters long.
- Consist of both UPPER and lowercase characters.
- Include at least one number.
Example: XsswbE2Qg
Can I change my Trading account currency or type?
Once you have created a Trading account in a specific currency, you are not able to change the account type or currency. You can, however, always open a new Trading account and select a different account type and currency.
- MT4 Trading account can only be used with the Meta Trader 4 platform.
- For trading on Meta Trader 5, you need to create an MT5 Trading account.
Tip: There is no limit on how many Trading accounts you can have open under your MyFXTM account.