(Newswire.net — April 26, 2023) — According to IMARC Group, the US FX market only was more than $753 bln in 2022. And analysts expect that this branch will grow by 7% annually by 2028. The intensive development of the Forex market caused increasing rivalry among traders. Investors, in turn, start seeking extra options to help them to make more profitable deals. That’s why FX brokers propose pro accounts with plenty of favorable options to such traders.
Experts advise creating professional trading profiles only at reputable brokerage platforms. For instance, you can use the link https://fbs.com/trading/pro to make a reliable pro account. Such a recommendation is because doubtful brokers frequently delay withdrawals, don’t provide their clients with qualitative support, as well as change cooperation terms. And now, let’s dive deeper into the peculiarities of pro accounts.
How to Create a Professional Forex Profile
Some traders think that pro account making is much more complex compared to ordinary ones. This is particularly true for beginners. That’s not true, though. The type of trading profile is chosen as a part of registration at a brokerage site.
Pro Account Creation Using Email
This method requires filling in a sign-up form. Here, traders should specify the following information:
- their full names, birthdates, and countries;
- actual emails as well as phone numbers;
- passwords to log in profiles.
After entering personal details, it’s typically necessary to adjust account settings. As a part of this stage, you need to specify a profile type. So, it’s necessary to choose a pro (professional) account in the current case. Additionally, you need to select a currency to make payments, pick a trading terminal, leverage, and so on.
Professional FX Profile Creation Using Social Media Accounts
Only reputable online brokers (such as FBS) commonly offer such registration. Here, you just have to click a button with the necessary public network (Google, Facebook, Apple ID, etc.) logo. All personal details are entered automatically in this case.
Term and Conditions Checking
Experts recommend carefully reading a contract before making a professional profile. Agreements shouldn’t include the following:
- too small or illegible lettering – all inscriptions have to be clearly visible;
- ambiguous cooperation conditions – such terms open wide fraud opportunities;
- empty fields or chapters – blank contract spaces are often used to enter additional rules after an agreement is signed.
Choosing another broker is better if you discover any of the mentioned things in a contract.
Advantages of Pro Forex Accounts
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Among the main pros of such profiles, specialists note huge leverages. This allows you to significantly increase your potential income as a part of each deal. The other benefits are:
- low commissions (trustworthy brokerage platforms, such as fbs.com, even set zero fees);
- numerous assets to trade;
- ability to open an unlimited number of positions and pending orders;
- lower spreads compared with ordinary profiles.
Additionally, some brokers offer pro investors advanced support services and innovative analytical tools.
The Takeaway
Professional FX profiles can make your deals much more profitable. That’s, for instance, because of increased leverage and low commissions. Furthermore, pro accounts typically suggest more assets to trade. At the same time, professional Forex profiles don’t have any complex requirements to create them. You can sign up using email or a social media account. Also, experts advise carefully checking contracts when making professional profiles. This helps avoid many problems in the future.
There’re some risks when using pro accounts, though. For example, you have no negative balance protection. However, this lack may be eliminated if investors will make attentive calculations as a part of each deal. Moreover, some brokers don’t segregate professional traders’ funds. Thus, investors risk losing their money if a brokerage platform goes bust. That’s only about doubtful brokers, though.