TradeKing Forex is a popular online trading platform that provides Forex trading services to traders all over the world. Closing a forex trading account is an important decision that can be made for many reasons, such as, a change in investment strategy, the requirement to change brokers, or even taking a break from trading. If you find yourself considering closing your TradeKing Forex account, this comprehensive writing will guide you through the process.
1. Log In To Your Tradeking Forex Account
To close your TradeKing Forex account, you have to first, log in to your account. Visit the official website and enter your login details. Once you have logged in, you will have access to your account dashboard.
2. Contact Customer Support
After logging in your account, navigate to the “contact us” dashboard and locate their designated support number to begin the account closure process. You have the option to “Chat” or “Email” the support team for guidance in closing your account.
3. Provide Your Account Information
You must give the customer support team your account details when you get in contact, including your name, account number, and the reason for closing your account. Before closing your account, the customer support representative could ask you further to confirm your identity.
4. Complete The Required Documentation
TradeKing Forex may need you to complete some specific forms or provide additional documents. They may include; account closure request form, identity verification, and any other important paperwork. For the account closure procedure to go as smoothly as possible, ensure that you complete these documents as soon as possible and precisely.
5. Liquidate Your Funds
Before proceeding with the account closure, take a moment to review your account balance. You have two main choices if you still have money in your TradeKing Forex account: liquidate the account or transfer the money to another brokerage. Ensure that all your trades are settled, and there are no outstanding obligations or margin requirements. If you have any pending trades or funds that are yet to be credited to your account, it’s best to wait until these matters are resolved before initiating the closure process. You must close all current positions and seek a withdrawal of your remaining amount in order to liquidate the account. Keep in mind that depending on the payment option you select, withdrawal processing timeframes may change.
6. Confirm Account Closure
Make sure you have a confirmation; an email or a message from TradeKing Forex that your account has been successfully closed once all the essential steps have been taken. The account closure date and time, the remaining funds (if any), and any other additional information should be included in this confirmation, as well.
7. Check For Unexpected Fees And Charges.
Reviewing your transaction history after canceling your account is essential to make sure there are no unexpected fees or charges. Before starting the closing process, you should be aware of any account maintenance or closing fees that some brokers may impose. Contact the customer support team at TradeKing Forex directly with any questions or such issues.
8. Maintain Current Records
Even after your account has been closed, it’s a good idea to keep track of confirmation emails, account statements, and any other documentation that was exchanged during the closure process. These documents will be an essential source of information for any subsequent questions or problems.
Closing your TradeKing Forex account is a simple process that can be completed in a few steps. However, don’t forget to check your account balance, get in touch with customer service, do any required documentation, and choose whether to liquidate your funds or transfer them to another broker. Always verify whether any fees or charges are still owed, and retain a record of the account closure for future use. You can successfully close your TradeKing Forex account and proceed with your financial decisions with confidence.