Account Types
The quick account opening of GEMFOREX offers two types of accounts, the All-In-One account and the No Spread account. After checking the characteristics of each account, please feel free to choose the one that fits your trading style the most. In any case, we advise you try out the Demo account first, before you actually start live trading. Whichever account you choose, you will have unlimited access to all the MetaTrader4 and expert advisors (EA) Please see below for more details about account types.
| Type of Accounts | All-in-One Account | No spread Account | Demo Account |
|---|---|---|---|
| Base Currency | USD/JPY | USD/JPY | USD/JPY |
| Number of Lot | 0.01Lot～ | 0.01Lot～ | 0.01Lot～ |
| Initial Deposit | $1(100JPY) | $3,000(300,000JPY)～ | Provides a virtual balance of ＄10,000 or 1,000,000JPY |
| Leverage | 1,000 times | 1,000 times | 1,000 times |
| Major Currency Spread | 1.2pip～ | 0.0pip～ | 1.2pip～ |
| Transaction fee | Free | Free | Free |
| Order Types | Limit Order, At Market, Stop Loss |
Limit Order, At Market, Stop Loss |
Limit Order, At Market, Stop Loss |
| Max Trade Size - In Lots | 30Lot | 30Lot | 100Lot |
| Hedging | Yes | Yes | Yes |
| Use Limitations | No limitations. With unlimited use from discretionary trading to EA and Mirror trade service in one account. | Since it’s a discretionary trading account, indicators are allowed but EAs are unavailable. | Practically no limitations. |
Quick Account Opening
GEMFOREX incorporates Quick Account Opening, which does not require submission of documents such as identification documents upon account opening an account. By entering only your name and email address from the account opening form, the account opening will be completed in as short as 30 seconds.
※ Submission and approval of required documents are necessary to start trading.
Account Maintenance fee
For live accounts without transactions for the past 3 months, there will be a processing fee of $15 on these specific dates: January 1st, April 1st, and October 1st. However this fee will not be charged to accounts with zero balance.
Be at peace with 0 processing
In the unlikely event that the margin balance (account balance) becomes negative, there is a system that we will offset by bonus award within standard 60 minutes, even for those who did not receive a bonus, we will reset the account balance to 0 yen within standard 60 minutes and reflect the deposit amount, since there is no margin call, you can operate an active leverage management with confidence.
※ Attention. This is unenforceable when holding a position.
・The above mentioned is to be considered the basic guidance. Deposits that are not made in US dollars will automatically be converted. GEMFOREX offers free and unlimited Mirror trading and automated trading software for you to choose, from as many as 1,500 different strategies. All you need to do is open a live account here (All-In-One account), or you can also try the same features with a Demo account. If you have any questions, please feel free to contact the GEMFOREX Support team.
We tried comparing overseas Forex Account Opening
Especially for first time in overseas Forex beginners, unexpectedly there seems to be many people who open accounts and use it without understanding the accounts and trade information. In this page, we will tell you the information on the types of accounts, trading information, advantages and disadvantages of each overseas Forex company when opening an account to an overseas Forex company.
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2017/06/12