Opening of Accounts

Terminal allows to work with two types of accounts: demo accounts and real accounts. Demo accounts enable working under training conditions, without real money on them, but they allow to work out and test trading strategy very well. They possess all the same functionality as the real ones. The distinction consists in that demo accounts can be opened without any investments, though one cannot count on any profit from them.

Opening of a Demo Account

A demo account can be opened by the “File — Open an Account” menu command or by the same command of the “Navigator — Accounts” window context menu. Besides, the terminal will offer to open a demo account at the first program start to begin working immediately.

The following data will be requested to open an account:

  • Name — the user’s full name;

  • Country — country of residence;

  • State — area (region, territory, state, etc.) of residence;

  • City — city of residence;

  • Zip code — zip code;

  • Address — exact mailing address (street name, house and apartment numbers);

  • Phone — contact telephone number;

  • Email — email address;

  • Account Type — account type to be selected from the list defined by the brokerage company;

  • Currency — the basic currency of the deposit to be set automatically depending on the account type selected;

  • Leverage — the ratio between the borrowed and owned funds for trading;

  • Deposit — the amount of the initial deposit in terms of the basic currency.

To activate the “Next” button and continue registration, it is necessary to flag “I agree to subscribe to your newsletters”. Then a server must be chosen to connect to. Addresses of available servers, their names and ping are listed there. The most preferable is the server having the lowest ping. After the registration has successfully completed, a window will appear that contains information about the open account: “Login” — the account number, “Password” — the password for access, “Investor” — the investor’s password (connection mode in which it is possible to check the account status, analyze the price dynamics, etc., but no trading is allowed). After registration has been completed, the new account will appear in the “Navigator — Accounts” window, and it is ready to work with. At that, the server sends a message to the terminal containing login and passwords of this newly opened account. This message can be found in the “Terminal — Mailbox” window. Besides, after the account has been successfully registered, it will be authorized automatically.

Attention: If any problems occur at the account opening, technical support service of the brokerage company should be asked for help.

Opening of a Real Account

Real accounts, unlike demo accounts, cannot be opened from the terminal. They can only be opened by brokerage companies under certain terms and conditions. Real accounts are marked correspondingly in the “Navigator — Accounts” window. To start working with them, one must perform authorization.

Opening of Accounts