Kodimax | FAQ
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How do I fund my account?

You can easily fund your account by logging in to your account and clicking on the deposit page.. 

How much money do I need to open an account?

The minimum initial deposit required is at least $250.

What is a leveraged trading position?

Leverage allows traders to control larger positions with a smaller amount funds. In the case of 20:1 leverage (or 5% margin required), for example, $1 in a trading account can control a position worth $20. As a result, potential profits as well as potential losses are consistent with this.

What types of documents do you accept for identity verification in order to open an account?

  • Valid government issued identification card.
  • Valid proof of address – this could be a phone or electricity bill, bank statement.

How are withdrawals processed?

Withdrawal requests can by logging in to your account and clicking on the withdrawal section.

Funds are returned to either your credit/debit card – or by wire transfer.

How long does it take for withdrawals to processes?

 Usually between 3-5 business days

Do I need to pay taxes on my account?

Please contact a tax professional in your country for clarification of this question.