Open Live Account

If you want to autotrade yourself you need to open a forex trading account where your funds will reside and where your trades will be executed against the market. A traditional trading account is the basis even for automated trading. Teling Financial Inc. has a Referring Broker Agreement with FXCM, a U.S. based NFA regulated forex broker to host all our clients' forex trading accounts. Teling Financial has no direct access to your account. Note that an account enabled for autotrading can no longer be traded using FXCM’s proprietary trading platform but has to be traded using the Teling Financial Forex Lab.

Follow these steps to open an account for autotrading:

1. Complete our online application. This will start the application process with FXCM, our forex broker partner. Please note that you must specify the account to be a USD Account (F2) in order to make it work with the Teling Forex Lab. A forex mini account has no upper order size limit but allows for the placing of smaller orders which makes it easier to split trades into multiple systems and thereby reduce risk.

2. Submit to admin@fxcm.com:

• A copy of a government-issued photo ID
• Proof of residence, which can be a copy of a recent utility bill or bank statement. The original document must not be older than six months.
• A signed copy of the Letter of Direction (LoD) stating Teling Financial Inc. as the program provider. This will tell FXCM that you intend to trade using the Teling Forex Lab platform. After your account has been connected to the Teling Forex Lab all trades must be placed through the Teling Forex Lab platform.

3. Wait for a few days for the account to be approved. We will notify you regarding the status of your account application by e-mail within 2 business days, usually faster.

4. When your account has been approved, FXCM will contact you by email and give you a temporary account ID and instructions for funding your account. You can transfer funds by bank wire, credit/debit card, or paper/online check. The minimum balance required to activate your account is USD 2,000. For details see the depositing-funds page.

5. Trade. When your account has been funded you will receive a permanent account ID number and your Teling Forex Lab login details.

Important: Your account can only be traded through the Teling Forex Lab platform, but you can use the FXCM forex trading account in read-only mode to generate trading reports.

PERFORMANCE AND RESULTS DISCLIMER:
Trading foreign exchange carries a high level of risk, and you can lose some or all of your investment. Past performance posted by Signal and Systems Providers (Providers) is not necessarily indicative of future results. No representation is made that any account is likely to achieve profits or losses as indicated. The composite monthly results are hypothetical. In reality, the results do not represent an actual track record of the methodology originator or of any subscriber to a Provider. This also means there is no guarantee that one applying these methodologies would have the same results as the hypotheticals posted. Since trading forex successfully depends on many elements, including, but not limited to, a trading methodology and the trader's psychology, our web site does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Teling Financial Inc., and its owners are not liable for any losses, monetary or otherwise, that result from published content. Please realize the risk with any investment, and consult investment professionals before proceeding.

DEMO trading and hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any forex trading account using any signals from a Provider(s) will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical forex trading performance results and the actual results subsequently achieved by any particular forex trading program.

One of the limitations of hypothetical forex trading performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical forex trading does not involve financial risk, and no hypothetical forex trading record can completely account for the impact of financial risk in actual forex trading. For example, the ability to withstand losses or to adhere to a particular forex trading program in spite of trading losses are material points that can also adversely affect actual forex trading results. There are numerous other factors related to the forex markets in general or to the implementation of any specific forex trading program, which can not be fully accounted for in the preparation of hypothetical forex trading performance results, and all of which can adversely affect actual forex trading results.

It should also be understood that hypothetical performance results may be posted on the website or given to third parties by other methods. Such hypothetical performance results have inherent limitations in that they have been prepared with the use of past performance, and past performance is no guarantee of future results. Performance can and does vary between individuals.