What Account Types and Fees Does Hyakugo Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital investment |
| Professional Account |
Experienced traders and institutions |
Tighter spreads, higher leverage options |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized trading solutions, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free account, no overnight interest |
Requires verification of eligibility |
| Demo Account |
New traders and those testing strategies |
Practice trading without risk, virtual funds |
No capital required, limited time availability |
Account Opening Process
To open an account with Hyakugo Securities, follow these steps:
1. Visit the official Hyakugo Securities website and click on the “Sign Up” button.
2. Complete the online application by providing your personal details, such as full name, email, and password.
3. Verify your email address by clicking the link sent to your inbox.
4. Submit necessary identity verification documents, including a valid ID and proof of address.
5. Provide additional information regarding your employment and financial background if requested.
6. Review and accept the terms and conditions before finalizing your application.
Once your application is approved, you will be notified, and you can start trading. Additionally, if you initially open a retail account, there is flexibility to upgrade to a professional account later.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing for major pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock and market conditions |
| CFDs (Commodities) |
0.2% |
$4 per lot |
Includes major commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Dependent on market volatility |
Other Fees
In addition to the trading fees, traders should be aware of other costs associated with their accounts at Hyakugo Securities:
– Deposit/Withdrawal Fees: While deposits are generally free, withdrawal fees may apply depending on the method chosen.
– Inactivity Fees: Accounts that remain inactive for an extended period may incur a fee.
– Platform Usage Fees: No platform usage fees are charged for standard account types.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, especially in non-Islamic accounts.
– Currency Conversion Fees: May apply if trading in a currency different from the account’s base currency.
