Do you need to get a credit check in order to open a Forex trading account?

Question

So you still get like 100:1 or 200:1 leverage without getting your credit checked?

Answer 1

No all that you need is money to open an account. Then you can invest on the forex market. No credit check.

Answer 2

no, but you will need a credit card if you want to trade in this forex platform. anyway, this is the best platform i know so far. being one of the leaders in the forex business this is real, legitimate, reliable and a very trusted site to trade forex with.

Answer 3

No you don't need any credit check in order to open a Forex trading account. Only you need is money.

Visit the below site to Learn Step-by-Step on How To Make Money with Forex Trading:

http://online-fx-trading.net/what-is-for...

:)

Answer 4

Hello,

There is a credit check in all the forex accounts. you need to maintain a minimum balance. Which is called the maintenance margin. Some brokers do hide them and then they deduct interest from your account. Many dealers are practicing this. But you have to be cautious about your funds and keep an eye on them.

I am trading with Finexo. Here we have to keep a minimum balance of $ 100 always. and the leverage they provide is 200:1. Their rules are well specified and are very organized.

Answer 5

There's lots of other ways of supplying money for your forex trading venture. You don't necessarily need a CC.

Answer 6

last week i opened an account with forex meta and didn't require any credit check .

I also get $100 bonus when purchased a great automated system called "forex tracer" for $97 (In my opinion it worth more)

You can try this automated system for 60 day risk free (has 60 day money back guarantee) and you will get the $100 bonus.

You can get latest edition of it at :  http://www.ForexTracers.com

Best Regards,

Answer 7

For most accounts no.Some big accounts like a professional trader yes there is a credit check.Most brokers will let you start with a minimum of 500.00 Oanda has like a dollar minimum.