To invest in Forex it is necessary to open an account with an online broker. Usually your identification data or passport is required to create your account.
You really do not need a lot of money to start in Forex compared to other markets such as the stock market. Some brokers allow a minimum deposit of as low as $250 and some brokerages have no minimum deposit at all.
The majority of brokers allows you to use various forms of payment for deposits such as wire transfers, checks, credit cards and even online payment systems. You will find brokers are very flexible in the ways you can make deposits to fund accounts so you can get started trading right away.
It is important to check what are the withdrawal policies of the forex broker you are using. It is a good idea to make a small withdrawal upon funding your account so you are aware of how long the process takes and how it works.
