Live Account
Can I register for a ForexMeta account online?
Yes, click here to access the online live account registration form.
What is a Mini account?
The initial required minimum deposit for a Mini account is $500 USD. With a Mini account a trader trades lots of 10,000 units of the base currency. Although, it is possible to trade bigger lots based on available margin. On the platform, 0.1 volume is the equivalent to 1 Mini lot. In a Mini account, one can trade up to 0.9 in size.
What is a Standard account?
The initial required minimum deposit for a Standard account is $5,000. With a standard account a trader trades lots of 100,000 units of the base currency. Although, it is possible to trade bigger lots based on available margin. On the platform, 1.0 volume is the equivalent to 1 Standard lot.
What documents are needed to open a Live account?
The following completed documents are required:
• US residents:
The Client Application, the Signature Page of the Customer Account Agreement and a W9 form. If the account will be managed by a trading agent, a Limited Power of Attorney (LPOA) and appropriate commission acknowledgment form may also be required.
• Non-US residents:
Please include the Client Application along with two forms of ID (1 picture ID), IRS Form W-8BEN, the Signature Page of the Customer Account Agreement. If the account will be managed by a trading agent a Limited Power of Attorney (LPOA) and appropriate commission acknowledgment may also be necessary.
Does ForexMeta allow trading in an IRA?
If you currently have an open IRA, check whether they allow trading of Foreign Exchange. If they do, you can speak with one of our representatives to help set you up. If your current IRA does not allow such trading, you will need to open another IRA account through a company that does.
We recommend using Millennium Trust www.mtrustcompany.com, 800-258-7878.
Once your IRA custodial account is opened, you will need to complete all of our standard opening applications and documents and submit them to your custodial company. The custodian will complete your application and will make adjustments, such as change the account from being in your name to Entrust Admin FBO ____________, as needed. Upon completing your forms, the custodial firm will forward all of the paperwork to our clearing firm, FXDD. FXDD will open your IRA as a regular account. Deposits or withdrawals may not be made directly into this trading account. Deposits and withdrawals must be done through your selected custodian. If you have specific questions regarding IRA's, please speak directly with your custodian.
How can I fund my account?
You can view our different funding options at www.forexmeta.com/fund.
Can I trade Gold and Silver with ForexMeta?
Yes, you can trade Gold and Silver with ForexMeta on the MetaTrader platform.
Does ForexMeta issue an official annual profit/loss statement? (Similar to issuing a 1099)
Income reporting is the responsibility of the individual customer. Clients can print out a report from their trading platform.
1. Select the ACCOUNT HISTORY tab in the TERMINAL window.
2. Right-click anywhere inside this area.
3. Select CUSTOM PERIOD.
4. Enter preferred dates.
5. Click OK.
6. Once the report loads, right-click in the ACCOUNT HISTORY tab again.
7. Select SAVE AS REPORT.
8. Save the file on your local computer.
9. You can now email or print out your trading history for tax preparations.
