Tuesday, February 27, 2024

FXGM ZA- Everything You Need to Know About Account Types

Do you find it challenging to select the most appropriate account type that can benefit you and assist in getting success? If yes, then this article can help you immensely.

Every account type has its pros and cons. Especially if you are a beginner, you may choose the incorrect account type for you, and it potentially results in a lot of complications. So, to know the details of the FXGM ZA account type, delve into the article without any delay. Read more about brokers with nas100

Reliability

Your funds can remain safe and secure in the FXGM because it is highly regulated. It holds the membership from the Investor’s Compensation Fund that has authorization from the FSCA. 

Tradable Products of the FXGM ZA

This firm supports more than forty forex pairs, soft and hard commodities, nine major global indices, South African and US stocks. In addition to this, you can trade in cryptocurrency as well, and six famous cryptocurrencies are included. All the account types provide all of these instruments.

Account Types offered by FXGM ZA

They offer you multiple types of accounts such as VIP, Executive, Junior, Premium, Executive, and Royal. So, let’s discuss them one by one, and we are going, beginning with the junior account.

Junior Account

This account type requires a minimum investment that is in the range of $200-$9,999. Additionally, you can get all the basic features by using this account type, such as an ebook, free training, one-click trading, personal customer service agent, and auto-chatist.

Premium Account

If you go for the premium account, then you need to have a minimum investment of $10,000-$29,999. You get all the features just like the junior account. But in addition to that, you can also get the reach to Trading Central.

VIP Account

If you are going for a VIP account, then you will have to deposit $30,000-$49,999. You can get all the benefits of both the account types that we have discussed earlier. In addition to that, you can also get spread discounts on the commodities, indices, and FX majors.

Executive Account

The executive account demands an initial investment of $50,000-$99,999. You can enjoy the features same as all other account types discussed above. But the exception is tighter spreads on the tradable products as compared to others. 

Royal Account

To start trading, you must have a minimum deposit of above 0.000. Same features, but spreads are quite tighter.

Account Currency

The good thing about FXGM is that it supports the ZAR, and their base currency is USD In addition, there are no commission fees. 

Final Thoughts

Well, that’s all from our side. We are optimistic that it will greatly assist you in learning a lot about the account types of the FXGM. Selecting the right account type depending upon your requirements and the level (either you are a beginner or professional) is of great worth. If you have any queries, let’s ask in the comments section.

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