Open Forex Trading Account

♦ 0 AMC Fees
♦ Zero% Brokerage
♦ Hassle Free Account Opening
♦ 10+ Years of Trust

What is currency trading account?

A forex account is one that holds deposits in one or more currencies for trading. These trades are based on the movement of the exchange market. With this kind of account, you’ll now unlock vast and potentially significant returns from global markets. These and other factors draw investors to forex trading.

What is Forex trading?

FOREX, the word may be a portmanteau, a mix of the words foreign currency and exchange, and self-explanatory. In FOREX, you trade the currency market, which is the largest market in the world. The daily estimated trading volume is USD 6 trillion, cover different hotspots around the world, and remains active for twenty-four hours.

FOREX trading is unlike the stock or commodity market. In FOREX, traders trade currency pairs in the direction of the market. Unlike buying stocks, once you trade currencies, you’re simultaneously buying one currency and selling the other. And, you don’t need a DEMAT account for currency trading, as there’s no delivery of currency involved. Most trades in the currency market are cash-settled. For online FOREX trading, you simply need a currency trading account.

If you’re wondering, forex trading can add diversity to your portfolio and let your investment exercise better. The market remains open for 24*7 involves a spread of players from the govt , banks, institutional investors, travelers, corporations, and amateur traders.

How to Open Forex Trading Account

STEP 1

The first step is to fill the Account Opening Form. This can be done at PR Wealth Growers offices or click the below button to open an online account.

STEP 2

.You will have to submit documents to prove your address and identity. These may include a PAN card, Aadhaar card, passport, voter card, etc.

STEP 3

Address proof: Telephone bill / Electricity bill / Bank statement / Ration card/ Passport / Voter's ID / Registered lease or sale agreement / Driving license

STEP 4

Financial Proof: Current ITR acknowledgement, Current annual accounts, Form16 (in case you earn salary income), Current Net worth certificate, Current 1-month salary slip

STEP 5

Once Verification is done, you will get your account details.

Benefits of Opening a Forex Trading Account

  • Low Commission
  • No Middlemen
  • Transaction Costs as low as 0.07%
  • High Liquidity
  • Standardized Lot Size
  • Low Margin, High Leverage
  • Online Access
  • Interbank Market
  • Instant Transactions
  • Self-regulatory

Open Free Demat Account and Start Trading in 5* Minutes