Accounts
Registration, verification, account types and demo accounts
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Visit the LAKEFOX website, click "Open Account", fill in your basic information and complete identity verification. The whole process is completed online and registration usually takes just a few minutes.
Under regulatory requirements, you need to provide a valid proof of identity (such as a passport or ID card) and proof of address (such as a utility bill or bank statement from the last three months).
LAKEFOX strictly follows the customer identification (KYC) requirements of ASIC and FSCA to keep accounts safe and compliant.
A demo account uses virtual funds so you can practise trading in a real market environment without risking money. A real account uses real funds, so trading results produce actual profits or losses.
LAKEFOX offers a free demo account to every registered user.
Yes. You can open multiple trading accounts at LAKEFOX to suit different trading strategies or account type needs.
Swap-free accounts are designed for Muslim clients who follow Islamic finance principles, and no overnight interest (swap) is charged.
Eligibility: the applicant must be a practising Muslim. If your ID does not state your religion, a certificate of faith issued by a mosque can be provided as supporting material.
How to apply: email applications@lakefox.com to submit your account conversion request. LAKEFOX reserves the right to review client information and request additional documents to confirm account eligibility.
Channels, processing times, fees and limits. All your questions about funds are answered here.
We support multiple deposit channels including UnionPay, USDT, wire transfer and credit cards, covering the funding needs of clients in different regions.
LAKEFOX multi-channel deposits are fast, secure and reliable.
Deposits via UnionPay, USDT and credit cards usually arrive within 15 minutes. Wire transfers may take 1 to 3 business days, depending on the bank's processing time.
Once your withdrawal request is submitted, LAKEFOX processes it as soon as possible on business days. The arrival time depends on the withdrawal channel you choose and the bank's processing speed.
LAKEFOX does not charge deposit or withdrawal fees. However, banks or third-party payment providers may charge their own transfer fees, subject to the actual rates of the payment channel.
Minimum deposit requirements differ by account type. The Cent account has the lowest threshold, while Standard, Pro and ECN accounts each have their own requirements. Please refer to the account opening page for details.
Spreads, leverage, swap and order execution. The questions traders ask most.
The spread is the difference between the buy price and the sell price, and one of the main costs of CFD trading.
LAKEFOX offers raw spreads from 0.0 pips, with no markups and no embellishment.
LAKEFOX offers flexible leverage up to 1:2000. The exact ratio depends on the account type. Please refer to the account opening page for the leverage range available for each account type.
Overnight interest (swap) is the interest charged or earned on positions held overnight, and depends on the interest rate difference of the currency pair or instrument.
LAKEFOX offers an Islamic swap-free account option that complies with Islamic finance principles and charges no overnight interest.
We support market orders, limit orders, stop orders, stop-limit orders, trailing stops and more, meeting the execution needs of different trading strategies.
Using MT5, device compatibility and EA trading.
LAKEFOX uses the world-leading MetaTrader 5 (MT5) trading platform, available across PC, iOS, Android and web browsers.
MT5 supports Windows PC, macOS, iOS, Android and web browsers. Log in to the same account on any device and your trading records and settings sync automatically.
Yes. MT5 includes the MQL5 programming language, supporting the development, backtesting and live running of Expert Advisor (EA) systems.
No. LAKEFOX provides the MT5 trading platform free of charge to all real and demo account users.