what are the requirements to get a free funded forex account in india
To obtain a free funded Forex account in India, traders must meet specific criteria set by proprietary trading firms. These requirements typically include:
Personal Information and KYC Verification: Applicants are required to provide personal details such as name, contact information, and location. Additionally, identity verification through valid ID proof like a PAN or Aadhaar card is necessary.
Trading Evaluation: Many firms assess a trader's skills through evaluation phases or challenges. For instance, Axi's Select program requires traders to:
Place at least 20 closed trades.
Achieve an Edge score of at least 50.
Deposit a minimum of $500 USD into their account.
Alternative Paths: Some firms offer opportunities to obtain funded accounts through trading competitions or giveaways, allowing traders to showcase their skills without initial financi
al commitments.
It's important to note that while these programs provide access to trading capital, traders must adhere to the specific guidelines and risk management protocols set by the respective firms. Additionally, considering the regulatory environment in India, traders should ensure compliance with local laws and regulations when participating in such programs.
Contact us Address – 1st Floor, The Sotheby Building, Rodney Bay, Gros-Islet, SAINT Lucia P.O Box 838, Castries, Saint Lucia Phone no – +97144471894 Website – https://winprofx.com/
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