Yes, you can actually.
Some brokers do set restrictions to age in terms of account opening though, some brokers don’t.
Main requirements for opening Forex trading accounts are as follows:
- You have a device (PC or Mobile Phone) and Internet connection.
- You are able to provide your broker with a copy of your Identification document (student ID is mostly rejected, so driver’s license or Passport etc).
- You are able to provide your broker with a copy of a document to prove your address(transaction statement, utility bills and other documents which include your address issued by a third party).
- You have money to invest(normally more than 50 USD) to start trading(please do not invest more than you can afford to lose)
Opening Forex trading account and start trading is not the hardest thing to do for anyone.
But the most important thing is that you understand the risk of trading Forex.
If you like to learn how to trade Forex, then you are recommended to open a Demo trading account(with MT4 trading platform) and see how the investment works.
In the page below, you can find the list of online Forex & CFD brokers.
No Deposit Bonus for beginners
If you don’t want to risk your own funds yet, there is an option.
‘No Deposit Bonus’ is a type of bonus that you can get without making a deposit.
There are promotions run by certain brokers which you can get the Bonus for free and start investing without risking your own funds.
The amount varies from $30 to $3000, but they are great opportunities for investors to get started.
The only requirement for the Bonuses is ‘Account Verification’, which you need to submit copies of your ID and Proof of Address to complete.
The cost is zero.
After trading with the Bonus funds, you can make a deposit to the brokers and continue trading with larger amount of money, or you can leave the account untouched if you didn’t like the service.
You can find the list of currently available No Deposit Bonuses here.
Make sure that you read the full Terms and Conditions before getting started.