Choosing an account type
STANDARD, PRO or micro is not a matter of taste. It follows from how often you trade and how large each trade is. An account type cannot be changed after opening, so it is worth deciding first.
Trade often: PRO
Spreads from 0.2 pips, with 5 USD per lot round turn. The per-trade cost is small, so the advantage grows with every extra round trip in a day.
Trade rarely: STANDARD
No commission, spreads from 1.3 pips, one number to track. It suits positions held for days or weeks.
Testing small: micro
One lot is 1,000 units, so 0.01 lots moves 10 units. This is the account for checking your process and getting used to the movement.
If you are unsure
You can hold several accounts, up to five per person. Starting on STANDARD and adding PRO once your frequency rises is a reasonable order.
This column is provided for information only and is not a recommendation of any trade or method. Trading decisions are your own responsibility.
Getting started is simple
Opening an account is free and the application is completed online in 3 to 5 minutes.
Foreign exchange trading carries the risk of losing your invested capital, and higher leverage increases that risk. Please consider the risks carefully and trade only within a range of loss you can bear.
Past performance neither indicates nor guarantees future results.
This website is not directed at residents of Japan. AXIA PHOENIX FINE PROJECT does not provide services to residents of certain jurisdictions, including the United States, Afghanistan, Belarus, Burma, the Central African Republic, Congo, Cuba, Egypt, Guinea, Iraq, Iran, Lebanon, Libya, Mauritius, North Korea, Pakistan, Somalia, Sudan, Syria, Venezuela, Yemen and Zimbabwe.