How long does it take to open an account?
Opening an account with FX Storm is instantaneous. Once this has been completed we will help you progress through the various accounts that need to be opened with brokers, signaling systems and social trading platforms. These can take anywhere from 1 day to 3 days. To speed up the process you should have scanned copies of your passport and a utility bill for you address dated within the last 3 months.
Can I open an account with a different base currency?
Currently FX Storm conducts it's business soley in the UK therefore you must use a GBP based account
Can I close my accounts?
Yes, you may do this at anytime. Please contact us at our support desk. We will provided you with the neccasary details to close and open trades and your accounts.
Can I leave my account dormant?
Yes, its probably the easiest way to ensure you are no longer trading but may want to in the future. We can switch off signal providers from making any new trades and then you can withdraw your balance down to £1. Should you then wish to start trading again you do not have to go through the process of opening new accounts.
Who has access to my accounts?
You are the only person with access to your FX Storm account. You are the only person with access to your brokers account (where your money is held). The signal providers are able to place trades on your behalf through your signing of a letter of direction. The signal provider is not able to deposit or withdraw money to or from your account. Your broker will take an agreed percentage of monthly profit from your account with when you make a profit and deposit this with FX Storm, FX Storm is not able to access your broker account to make deposits or withdrawls.
What will I need to open an account?
You will need an electronic copy of your passport and a recent utility bill addressed to you at your UK address.