What Account Types and Fees Does MITA SECURITIES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, user-friendly platform |
Ideal for small-capital trading |
| Professional Account |
Experienced traders |
High leverage, advanced trading tools |
Requires proof of trading experience |
| Corporate Account |
Corporate clients and institutions |
Customized services, bulk trading options |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading, competitive spreads |
Eligibility for Muslim traders |
| Demo Account |
New traders for practice |
No risk, simulated trading environment |
Not currently available |
Account Opening Process
To open an account with MITA SECURITIES, follow these steps:
1. Submit personal information, including your name, address, and contact details.
2. Provide employment information to verify your financial background.
3. Fill out financial information to assess your trading experience and risk profile.
4. Complete identity verification by providing a government-issued ID and proof of address.
5. Note that you can upgrade to a professional account later if you meet the eligibility criteria.
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 for minors |
| CFDs (Stock Index) |
1.5 |
$5 per lot |
Variety of indices available |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Includes gold and oil |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Additional costs to consider include:
– Deposit/withdrawal fees may apply, depending on the payment method used.
– An inactivity fee is charged if there is no trading activity for an extended period.
– Platform usage fees may apply for certain advanced features.
– Overnight interest (swap rates) are applicable for positions held overnight.
– Currency conversion fees may apply for transactions involving different currencies.
