What Account Types and Fees Does DBG MARKETS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, educational resources, user-friendly platform |
Suitable for traders with limited capital |
| Professional Account |
Experienced traders and high-volume investors |
High leverage options, advanced trading tools, lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Businesses and institutions |
Customized services, dedicated account manager, and reporting tools |
Requires corporate documentation |
| Islamic Account |
Traders adhering to Sharia law |
Swap-free trading, compliant with Islamic finance principles |
Available upon request |
| Demo Account |
New traders and those testing strategies |
Access to virtual funds, practice trading without risk |
Ideal for small-capital practice |
Account Opening Process
To open an account with DBG MARKETS, traders must complete several steps. Initially, applicants need to submit personal information, including their name, address, and contact details. Following this, employment information and financial background details are required to assess the applicant’s trading experience and risk profile. An identity verification process is mandatory, where a government-issued ID and proof of address must be provided. This ensures compliance with regulatory standards. It’s important to note that DBG MARKETS offers account flexibility, allowing traders to upgrade to a professional account later as their trading activity increases.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $5/lot) |
Competitive pricing for GBP pairs |
| CFDs (Stocks) |
1.5 |
$5 |
Spreads vary based on market conditions |
| CFDs (Commodities) |
2.0 |
$5 |
Includes metals and energy products |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable depending on market volatility |
Other Fees
DBG MARKETS has several additional costs that traders should be aware of. There are no fees for deposits or withdrawals, which is advantageous for active traders. However, an inactivity fee may apply if an account remains dormant for an extended period. While there are no platform usage fees, overnight interest (swap rates) may apply depending on the account type and market conditions. Additionally, currency conversion fees could incur if trades are executed in a different currency than the account’s base currency.
