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Forex has been a bit of a wild west industry since it went retail some time ago and because of that regulations have been put in place to "protect" account holders from various types of harm. It's unlikely that you will find any broker opening an account for you without requiring these questions to be answered.

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Opening a live account in Forex can be a tedious task for beginners especially without a guide for the first time. Opening a demo account is quite easier due to the virtual nature of the account.

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