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CompassFX - Member, National Futures Association (NFA # 0232832)

Open a Trading Account

 

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As an introducing broker, we act as a liaison between retail Forex traders and the various clearing brokers we represent. New accounts are opened via CompassFX. Client funds are sent directly to the clearing broker. Client trades are executed and settled into the market by the clearing brokers. CompassFX strives to provide a variety of clearing broker relationships for retail traders to choose.


Quick Comparison of Clearing Brokers

 

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Clearing Firms
CompassFX
FXDD
FXCM
Forex.com
Oanda

Availability

Non-U.S
only
Non-U.S.
only
U.S.
U.S. &
Non-U.S
U.S.

Open Demo Account

Open Live

Account

Accounts

To open a Corporate, Trust or IRA Account, contact CompassFX for the appropriate forms at support@compassfx.com

Leverage

200:1
200:1
50:1
50:1
50:1

Are Micro accounts

available?

Yes
Yes
Yes
Yes
Yes

Are IRA accounts

available?

No
Yes
Yes
Yes
Yes

Mini account

minimum deposit

$250
$500
$500
$250
$250

Standard account

minimum deposit

$2,500
$2,500
$2,500
$2,500
$2,500
Live Reporting Yes Yes Yes Yes Yes

As an introducing broker, CompassFX specializes in providing retail Forex traders:


CompassFX is not currently accepting account applications from residents of Nigeria. U.S. governmental restrictions and policies prohibit us from opening accounts from the following restricted OFAC sanctioned countries: Afghanistan, Burma (Myanmar), Cote d'Ivoire (Ivory Coast), Cuba, Democratic Republic of Congo, Former Liberian Regime of Charles Taylor, Iran, Iraq, North Korea, Somalia, Sudan, Syria, Unita (Angola) and Zimbabwe, as well as other individuals specifically sanctioned.

 

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