How to Open an Account

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How to Open an Account

Follow the steps below to start trading with CoverdealFX.

STEP 1

Registration

In order to open a trading account with CoverdealFX, you must start by completing the Registration Form. Keep in mind that CoverdealFX only accepts clients residing within the Allowed Jurisdictions, as listed to the right.

While registering a CoverdealFX trading account you will need to start by entering your email address, and creating a password. You will then be asked to fill out your personal information including phone number, address, and citizenship. Next, you will need to fill out your tax and financial information; please select the deposit method you intend to use most often, however this can be changed at any point. Finally, you will need to answer questions about your trading experience.

After completing the registration process you will receive an email which will allow you to verify your account.

Click the link to learn more, if you are unsure how to answer the following questions:

Allowed Jurisdictions

  • Andorra
  • Austria
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Estonia
  • Finland
  • France
  • French Guiana
  • Germany
  • Gibraltar
  • Greece
  • Guernsey
  • Hungary
  • Iceland
  • Ireland

  • Isle of Man
  • Italy
  • Jersey
  • Latvia
  • Lichtenstein
  • Lithuania
  • Luxemburg
  • Malta
  • Monaco
  • Norway
  • Portugal
  • Romania
  • Slovakia
  • Slovenia
  • South Africa
  • Spain
  • Sweden
  • United Arab Emirates

STEP 2

Verification Documents

After completing the Registration process, you will be required to submit verification documents with one of the options below:

Video Verification

In order to complete Video Verification you must have Skype on your computer or mobile phone, as well as a camera on the chosen device. Available weekdays from 9:00am-5:00pm CET.

Email Verification

To complete the Email Verification process you will be required to scan and submit the required verification documents to our team at documents@coverdealfx.com.

Please review the verification documents below:

Please provide us with a full copy of one of the following identification documents:
  • Passport
  • National ID
  • Driver’s license

Please insure that the following details are clearly shown:
  • Your photo
  • Your full name
  • Your date of birth
  • Expiration date of the document
  • Document number
  • Full security strip (if applicable)
Please provide us with a clear copy of one of the following documents:
  • Utility bill (water, electricity, phone, or gas)
  • Bank or credit card statement

    • Please insure that the following details are clearly shown:
      • Your full name
      • Your residential address (matching the one you used during the Registration process)
      • Date of issue of the document (must be no older than 6 months)
The following documents only need to be submitted upon request:
  • A secondary Proof of Identification
  • A copy of both sides of any Credit Card used for deposits, with the following details visible:
    • Name of client
    • Expiry date
    • Logo of issuer
    • At least 4 digits
    • Signature of client
  • Proof of Payment, which can be either of the following:
    • Confirmation of transaction from client’s bank
    • Bank Account Statement that shows transaction
    • This should include the following information:
      • Name of client
      • Logo of bank
      • Date of transaction
      • Deposit amount
      • Coverdeal Holdings LTD. bank account number
      • Bank account number of client
      • IBAN/SWIFT
      • Client’s variable symbol ID
Clients who are not citizens of an Allowed Jurisdiction, but do however reside in one of the Allowed Jurisdictions are still allowed to register an account with Globtrex.
    Any client whose Proof of Residence does not match their citizenship on Proof of Identification will need to submit a residence permit, visa, or official document with the following information:
  • Your photo (if applicable)
  • Your full name
  • Your date of birth
  • Your address (if applicable)
  • Date of issue and expiration of the document (if applicable)
Copy of Medical Card:
  • Codice Fiscale Number must be visible
  • Both sides of card must be copied
  • STEP 3

    Deposit

    Although it is possible to deposit before finishing the two previous steps, it is not necessary. Please note that if you decide to deposit prior to finishing the Registration or Verification process, your funds may not appear in your account immediately. Additionally, you will have 15 days to complete the process, otherwise your deposit will be automatically refunded.

    Review the deposit options available below:

    Credit Card

    • Accepted Credit Cards: Visa, MasterCard, and Maestro
    • Minimum Deposit: $100/100€
    • Maximum Deposit: None
    • Processing Time: Instant

    Wire Transfer

    • Available Banks: Ceska Sporitelna Bank and Deutche Handelsbank
    • Minimum Deposit: $100/100€
    • Maximum Deposit: None
    • Processing Time: 2-7 business days

    Electronic Wallet

    • Accepted: Neteller and Skrill
    • Minimum Deposit: $100/100€
    • Maximum Deposit: Up to $70,000/70,000€
    • Processing Time: Up to 1 business day
    Risk Warning: Trading CFDs is risky and can result in the loss of your invested capital. 69% of retail investor accounts lose money when trading CFDs. Please ensure that you understand the risk involved and do not invest more than you can afford to lose. Read full Risk Disclosure Statement. CoverdealFX is a domain operated by Coverdeal Holdings Ltd, which is regulated by CySEC under License No.231/14