What Account Types and Fees Does Okigin Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low initial deposit, user-friendly interface, educational resources |
Suitable for traders with small capital; no prior trading experience required |
| Professional Account |
Experienced traders and institutions |
Higher leverage, advanced trading tools, lower spreads |
Requires proof of trading experience and higher initial capital |
| Corporate Account |
Corporate clients and institutions |
Customizable services, dedicated account manager, preferential rates |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant trading options |
Swap-free, adherence to Islamic finance principles |
Must provide documentation confirming Islamic compliance |
| Demo Account |
All traders for practice purposes |
Risk-free trading environment, full access to platform features |
Available to all, ideal for practicing strategies |
Account Opening Process
To open an account with Okigin, users must complete a straightforward process that requires submitting personal, employment, and financial information. This includes providing identification documents and proof of address to ensure compliance with regulatory standards. The identity verification step is crucial for maintaining account security and integrity. Additionally, traders have the flexibility to upgrade to a professional account later as their trading experience and volume increase.
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 high volume |
| CFDs (Indices) |
1.5 |
$1.0 per lot |
Includes major indices like S&P 500 |
| CFDs (Commodities) |
2.0 |
$1.5 per lot |
Covers oil, gold, and other commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Traders should be aware of additional fees that may apply when using Okigin’s services. These include deposit and withdrawal fees that can vary based on the payment method used. An inactivity fee may be charged if the account remains dormant for an extended period. If applicable, platform usage fees could be imposed for specific trading tools or features. Additionally, overnight interest (swap rates) may apply for positions held overnight, and currency conversion fees could be incurred when trading in different currencies.
