What Account Types and Fees Does Kyokuto Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to basic trading tools |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and professionals |
High leverage, tighter spreads, advanced trading tools |
Requires proof of trading experience and trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading conditions |
Available upon request with proper verification |
| Demo Account |
New traders looking to practice |
Access to virtual funds for practice trading |
No real money involved; limited time access |
Account Opening Process
To open an account with Kyokuto, prospective traders must follow a straightforward process:
1. Personal Information Submission: This includes providing your name, contact details, and any necessary identification.
2. Employment Information: Applicants need to disclose their current employment status and income sources.
3. Financial Information: This step involves sharing details about your financial situation, including assets and trading experience.
4. Identity Verification: You must submit identification documents (such as a government-issued ID) and proof of address (like a utility bill) to comply with regulatory requirements.
5. Account Flexibility: After opening a standard account, traders have the option to upgrade to a professional account once they meet the necessary criteria.
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 for GBP pairs |
| CFDs (Stock Indices) |
1.5 |
$5 per lot |
Varies by index |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Standard for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should also be aware of the following additional costs:
– Deposit/Withdrawal Fees: Vary based on the payment method; wire transfers may incur fees.
– Inactivity Fees: A fee may apply if the account is dormant for an extended period.
– Platform Usage Fees: Some platforms may charge fees for premium features or tools.
– Overnight Interest (Swap Rates): Applicable for positions held overnight; rates vary based on the instrument.
– Currency Conversion Fees: Fees may be charged for converting currencies during transactions.
