WesternFX is a more reputed name among Forex brokers in the Philippines. Like all the leading brokerage firms, they offer ample support for their traders, catering to their needs and tailoring their services according to their clients’ trading preferences. The five different accounts that the company offers for traders is defined for specific needs, and in this article, we’re going to be exploring them to see what their advantages are.
Standard
The standard account comes with the basic package and is equipped with the core features necessary for the trading process. The profile’s primary currency is the US dollar. It is supported by a range of software platforms, from the Android and iOS to the MT4 and MAC, giving its users more versatility for usage. With respect to the spread type for this package, the variable starts from 1.4. WesternFX offers bonus programs with this account as well, increasing chances of earning for its users. On the leverage that traders are provided here, one can lever your trade volume to a staggering 500 times its size, bringing a heightened chance of success. Some other features in this account include an instant market execution and a stop-out level of 10%. The critical part of this package is that its minimum deposit rate of just twenty-five dollars, a figure far lower than the standard for the industry.
Prime
This is the mid package in the range. Like the standard account, this one also comes with the US dollar as its base currency, instant market execution, a stop-out level of 10% and bonus avenues for earning. However, there are some unique offerings with this profile that aim to improve the experience for traders and relieve hassles. One among them is a ‘dedicated account manager’ feature, aimed at boosting the efficiency and performance of the account and bringing more positive results. With the better functionalities offered here, the minimum deposit for this account sits far higher 10,000 dollars.
VIP
This is the more high-end package among the list, with a deposit of 20,000 dollars. It offers a spread type variable starting at 0.9. Like the Prime account, it also comes with a ‘dedicated account manager’ feature to enhance productivity for the trader. The account has a stop-out level higher at 20%. Along with this, it inherits the elements of the previous two profiles with a market execution function, bonus offerings, a minimum trade size of 0.01, and operating capacity on Android, iOS, MT4, and MAC.
ECN
The ECN account requires a minimum deposit of 250 dollars, in return for a spread variable starting lower at 0.2, a leverage capacity of 1:100, market execution, and a stop-out level of 20%.
Zero Spread
The Zero spread account has approximately the same features as the ECN, except for the lowest spread type with the variable starting at 0.1. In addition to this, it has an account manager function, like the Prime/VIP accounts.
WesternFX has built a solid reputation over time. There is no doubt that each of their account profiles attracts traders in Philippines of particular talents and defines their trading experience in the right manner.
