Streamline your data management process with the Schoold + BancoFX integration

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Banco FX is an innovative financial services' provider that offers traders a wide choice of financial products including Forex, stocks, commodities, precious metals, CFDs, oil & gas and indices. Banco FX was founded in 2012 and is domiciled in London, U.K.

Banco FX offers traders a choice of several different accounts. The Micro account allows new clients to trade in 1000 units’ lot sizes. It comes with lowered contact sizes and minimum starting balances. The client would be able to trade live with this low balance with no extra charges attached. This is a good place for new traders to start their trading experience. The Macro account is the standard Banco FX account and requires a minimum deposit of as little as $1000 for 1000 units. Traders have access to Banco FX 24/7 live support, online learning materials and access to more services by raising the initial deposit. The Gold account holders receive their balance, profit/loss plus other information valued in corresponding gold. The trading on this account is much the same as those in currency accounts.

Banco FX offers a free demo trading account which can be used for up to one month. Traders can practice trading on the Banco FX station software and can monitor and try out various trading strategies without incurring any financial risk. They can access live buy and sell prices, deposit up to $50,000 of virtual money and also trade online 24-hours a day, five days a week. There are several features available including variety of foreign currency options such as spot transactions, futures, forwards, options and swaps where traders can exchange one currency for another currency for a given time length. Fundamental and technical analysis are provided on a daily basis.