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CompassFX Account Types

CompassFX Account Types

Compass FX provides one account type, a Standard account and risk-free Demo account options depending on the firm’s selected.  The minimum deposit amount required to register a Compass FX Professional live trading account is $500 USD.

 

🔎 Account❤️ Best Suited To / Offers💰 Min Deposit🚀 Open an Account
📌 StandardAll Traders $500 USD / R8000 ZAR👉 Click Here

 

Overall Rating

4.2/5

Rated #284 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Compass FX Account types – 10 Key Point Quick Overview:

 

  1. ☑️Compass FX Overview
  2. ☑️Compass FX Safety and Security
  3. ☑️Compass FX Account Types
  4. ☑️How to Open a Compass FX Account – Step by Step Guide
  5. ☑️Compass FX Islamic Account
  6. Compass FX Demo Account
  7. Compass FX Customer Reviews
  8. CompassFX Pros and Cons
  9. Compass FX Conclusion
  10. Frequently Asked Questions

 

Compass FX Overview

 

Compass FX Account Types Review

 

CompassFX provides one account type, Standard Account. Each account type has its own set of conditions for commission, margin calls, leverage, and minimum deposits. (get the correct answer in the content).

 

Finding a reputable list of CompassFX account types local or worldwide can be a difficult process, especially finding a complete list from a trustworthy reputable source.

 

Below is an in-depth account types Review regarding this regulated Forex company, which will assist traders to make an informed decision when it comes to the various Forex trading accounts made available.

 

CompassFX is a regulated broker who is headquartered in the USA. Established in 1990, CompassFX is an award-winning broker that offers traders access to global markets.

 

Compass FX performs as a presenting broker for other forex brokers and is regulated by the National Futures Association (NFA – 0232832).

 

The broker serves as an intermediate between the US traders and clearing houses and Compass Foreign Exchange, LLC, a non-registered member, serves as an intermediary between traders and clearing houses outside the United States.

 

Compass FX sees as its primary mission the creation of smarter and more successful investors, believing that a better-informed individual has a greater probability of success in the markets.

 

This helps to ensure that traders are offered trade execution at the best possible prices at the best possible execution speeds. CompassFX is continuously working to improve its trading solutions and services to adapt to evolving needs and objectives of traders.

 

Compass FX Safety and Security

 

Compass FX Safe and Regulated

 

Compass FX is regulated by the National Futures Association (NFA) with registration number 0232832. Since being established in 1990 already, it has gained ample experience as a forex trading company that also only makes use of top-tier liquidity providers.

 

🔎 Regulatory Authority📌 Abriviation🌎 Country
🥇 National Futures AssociationNFAChicago
🥈 Australian Securities and Investment CommissionASICAustralia

 

Compass FX Account Types

 

Compass FX Accounts

 

CompassFX offers traders the option of a Standard Account and a Micro Account. The broker does not provide the option for an Islamic Account. Traders will find that through these accounts, CompassFX offers competitive trading conditions along with comprehensive solutions and services.

 

The CompassFX accounts provide traders with an array of features, including:

 

Standard Account

The Standard Account has a minimum deposit of $2,500 and is designed for the more skilled and larger investors.

 

🔎 Account❤️ Best Suited To / Offers💰 Min Deposit🚀 Open an Account
📌 StandardAll Traders $500 USD / R8000 ZAR👉 Click Here

 

How to Open a Compass FX Account – Step by Step Guide

 

1.  Step 1:  Start Process

 

Send an email to Compass FX and request sign-up.  Similar to a bank, if you want to register a forex trading account with Compass FX for the first time, you will be required to go through a basic “know your customer” process. Once all documentation has been submitted and approved client will receive login details.

 

Compass FX Sign up for account

 

2.  Step 2: Complete Registration

 

Once registration is completed and login details are received, traders can log in and start trading.

 

Compass FX Account login request

 

 

Compass FX  Islamic Account

 

🔎 Broker🥇 Compass FX
☪️ Islamic AccountX No
☑️ Accounts OfferedNone
🚀 Open an Account👉 Click Here

 

Compass FX does not offer Islamic account options to traders.

 

Compass FX Demo Account

 

Compass FX Demo Account

 

Compass FX does offer traders the option of a free demo trading account to practice forex trading in a 100% risk-free environment by selecting one of the firms for the demo, FXCM, Forex.com, and OAND. Various demo accounts expire at 30 days and some on 60 days.

 

🔎 Broker🥇 Compass FX
🆓 Demo Account✅ Yes
💸 Virtually FundedDepends on the account firm selected
💻 Terminal AccessFull
🚀 Open an Account👉 Click Here

 

Overall Rating

4.2/5

Rated #284 of
Recommended FX Brokers

💰Minimum Deposit

USD 500

🌐 Regulators

📱 Trading Desk

Meta Trader 4 

Crypto

Yes

📈 Total Pairs

☪️ Islamic Account

No

📊 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

 

Compass FX Customer Reviews

 

Good Profit…

I have earned some good profits since I joined Compass Fx. At the moment, my fund grows up to $1050, and I have already made some withdrawals several times. I normally trade on EUR/USD or USD/CAD as it has become my favorite currency pair as well. The platform system is working smoothly, and I also used MT4. The platforms Mt 4 and Mt 5 are working fast and without the broker manipulating the prices. Spreads are tight and the customer staff is very polite.

 

Compass FX Trustpilot Reviews

 

I’ve just started and I already feel…

I’ve just started and I already feel like I’m part of the family. Assistants who are willing to help and sharpen your trading skills.

 

Compass FX Trustpilot 4 stars

 

Friendly staff

It was nice to receive a call from their customer service welcoming me on board and offering help and their contact details 👍

 

Compass FX Trustpilot Reviews

 

CompassFX Pros and Cons

 

✔️ Pros❌ Cons
Comprehensive and competitive trading conditions despite lack of bonuses and rewardsWelcome bonus, deposit bonus, no deposit bonus, and no other broker bonuses offered with sign-up
Bank Wire Transfer is a trusted method of paymentNo referral bonus offered
Demo account sign-up fully digitalNo trading bonus for loyal customers
The proprietary trading platform is web-basedDemo account expires after 30 days
Well-regulatedNo Islamic account for Muslim traders who follow the Sharia Law.
Demo account Hidden costs
Popular trading platform
Popular trading platform
Competitive trading conditions
Demo account

 

Compass FX Conclusion

 

Overall, Compass FX provides one account type, a Standard account and risk-free Demo account options depending on the firm’s selected.  The minimum deposit amount required to register a Compass FX Professional live trading account is $500 USD.

 

You might also like: CompassFX Sign Up Bonus

You might also like: Compass FX Demo Account

You might also like: Compass FX Fees and Spreads

You might also like: Compass FX Minimum Deposit

You might also like: Compass FX Review

 

Frequently Asked Questions

 

How many instruments can I trade with CompassFX?

You can trade the following multiple financial instruments:

  • Forex
  • Commodities
  • Precious Metals
  • Indices
  • Energy

 

Does CompassFX offer leverage?

CompassFX offers maximum leverage of 1:200.

 

Does CompassFX charge a commission?

Compass FX charges a commission depending on the firm that is chosen.

 

How do I make a deposit and withdrawal from CompassFX?

  • Credit Card
  • Debit Card
  • Bank wire transfer

 

Does Compass FX have an Islamic account option?

Compass FX does not have an Islamic account option available.

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

Table of Contents

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