The conditions for opening an FX account (MT5) are as follows:
For opening a real account:
It is necessary to complete the identity verification process. The identity verification is conducted through the examination of the submitted identification documents. Once the verification is completed and your identity is confirmed, you can proceed to create a real account.
For opening a demo account:
Even if the identity verification process is not completed, it is possible to create a demo account. A demo account is a virtual Trading environment used for simulated Trading rather than actual Trading in the market.
The creation conditions for real accounts and demo accounts differ based on whether the identity verification process is completed or not. Since a real account is used for actual Trading, identity verification is required. On the other hand, a demo account is used for practicing trades and testing strategies, so it can be created without the need for identity verification.
If you have further inquiries, please don't hesitate to contact our Support Team via "Contact Us" function.
Is it necessary to complete the registration process for a bitcastle account in order to open an FX account (MT5)?
