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Broker Accounts

Discussion in 'Beginners Bootcamp' started by Dubbz, Nov 24, 2010.

  1. Dubbz

    Dubbz Recruit

    Nov 24, 2010
    Likes Received:
    Hi to everybody at FPA. Im new to Forex and only just learning the fundamentals by trading on demo accounts by Instatrader, Smarttrader and Zulutrader.

    I have read the reviews on Instatrader on here which has deterred me from joining. However I have considered joining Zulutrader. However the broker requires personal details (which is expected), but I am unwary for the request of passport/driving licence details which they say they require to confirm identification.

    My question to you all within FPA, have you had to submit such details when joining new brokers?
  2. AsstModerator

    AsstModerator FPA Forums and Reviews Admin

    Dec 11, 2007
    Likes Received:
    Because of tax rules and anti-money laundering laws, all brokers have to collect a lot of personal information.

    This is another reason to be very careful which broker you pick.

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