What Account Types and Fees Does DAIMAN Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of markets, low minimum deposit |
Ideal for new traders wanting to practice |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients and institutions |
Customizable trading solutions, dedicated support |
Documentation of corporate structure required |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Must provide relevant documentation |
| Demo Account |
New traders and those testing strategies |
Risk-free environment, virtual funds |
Available for all users |
Account Opening Process
To open an account with DAIMAN, follow these steps: First, provide personal information including your name, address, and date of birth. Next, submit employment and financial information to assess your trading experience and risk profile. Identity verification is crucial; you’ll need to upload documents like a government-issued ID and proof of address. DAIMAN offers account flexibility; if you start with a Retail Account, you can upgrade to a Professional Account later based on your trading activity and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads available |
| CFDs (Stocks) |
Variable |
1.0% |
Spreads vary by stock |
| CFDs (Indices) |
1.5 |
$1.00 per contract |
Standard spreads apply |
| CFDs (Commodities) |
2.0 |
$1.50 per contract |
Varies by commodity type |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Additional fees to consider include deposit and withdrawal fees, which may vary depending on the method used. Inactivity fees may apply if the account remains dormant for an extended period. DAIMAN does not charge platform usage fees, but overnight interest (swap rates) may be incurred for positions held overnight. Currency conversion fees may also apply when trading in different currencies.
