What is a TradeFi account?

Starting your forex trading journey begins with opening the right trading account. BiFu is a comprehensive multi-asset platform that supports crypto, forex, commodities, and RWAs. Its TradFi account (Forex account) offers beginners high leverage (up to 1,000x) and tight spreads. This article, based on BiFu’s official tutorial video, walks you through the entire BiFu TradFi account opening process so you can get started in under 5 minutes.

What is a BiFu TradFi Account?

A TradFi account is a dedicated sub-account on the BiFu platform for forex and commodities trading. Once you register and verify your main BiFu account, you can open a TradFi account to trade major currency pairs (e.g., EUR/USD), gold (XAUUSD), oil, and more.

Key Advantages:

• Leverage options of 500:1 or 1,000:1 (chosen during account creation and non-changeable afterward).

• Single account for multiple assets — no need to repeat KYC.

• Segregated funds and cold/hot wallet separation for enhanced security.

• Ideal for both beginners and experienced traders.

BiFu TradFi account opening steps

Step 1: Log into Your BiFu Account

1. Visit the BiFu website (bifu.co) or open the BiFu mobile app.

2. Log in with your already registered and KYC-verified account (new users must complete quick email registration and verification first).

3. Tap the profile icon (top left) → Settings (top right) → Account Management → Add New Account.

Step 2: Ensure Your Funding Account Has Balance

• In the account management section, choose Deposit or Transfer to make sure your “Funding Account” has available balance (USDT and other supported assets are accepted).

• Complete the transfer to prepare funds.

Step 3: Create the TradFi Forex Account

1. In the forex account section, click the Open Now button (or “Add Forex Account”).

2. Select your preferred leverage (beginners are advised to start with 500:1; more aggressive traders can choose 1,000:1).

3. Set the currency to USD.

4. Click Submit to complete account creation.

Once opened, transfer funds from your Funding Account to the new TradFi account to begin trading.

Tip: Leverage cannot be changed later, so choose carefully based on your risk tolerance.

How to Trade on BiFu TradFi (Quick Start Guide)

After opening the account, trading is straightforward:

1. Access the Trading Interface: Switch to TradFi (or “Forex/Commodities”) at the bottom navigation and select your desired trading pair (e.g., EUR/USD or XAUUSD).

2. Place an Order:

   1. Set the lot size (trade volume).

   2. Choose Market Order (instant execution) or Limit Order.

   3. Configure Take Profit and Stop Loss.

   4. Click Buy/Long or Sell/Short.

3. Manage Positions: View live positions in Current Positions, pending orders in Current Orders, and access full history anytime.

Frequently Asked Questions (FAQ)

• Minimum deposit required? The platform supports small starting amounts — check current requirements during deposit.

• Leverage risks? Higher leverage amplifies both profits and losses. Beginners should use small position sizes and always set stop-losses.

• Web or App? Both versions are fully supported with similar workflows.

• Account Type Note: Ensure you are trading under the “TradFi” account type, as it is currently the only supported type for forex.