What Account Types and Fees Does DuraMarkets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
General traders |
Low minimum deposit, competitive spreads |
Suitable for beginners and low-capital trading |
| Zero Account |
Cost-sensitive traders |
No commission, low spreads |
Ideal for those wanting to minimize trading costs |
| VIP Account |
Experienced traders |
Priority support, low spreads, reduced commissions |
Requires higher minimum deposit, suitable for high-volume trading |
| Swap-Free Account |
Traders needing compliance with specific practices |
No overnight swap fees, competitive spreads |
Available to all traders, requires minimum deposit |
Account Opening Process
To open an account with DuraMarkets, follow these steps:
1. Choose Your Account Type: Select the account type that best fits your trading needs, whether it’s Standard, Zero, VIP, or Swap-Free.
2. Complete the Application: Fill out the online application with your personal information, including employment and financial details.
3. Identity Verification: Provide necessary documents for verification, such as a government-issued ID and proof of address.
4. Fund Your Account: Make a deposit that meets the minimum requirement for your chosen account type.
5. Account Flexibility: Once you have opened an account, you can upgrade to a professional account later if your trading volume or experience increases.
6. Start Trading: After approval and funding, you can begin trading using the MetaTrader 4 platform.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.4 |
$0 (Zero Account), $5 (Standard Account), $2 (VIP Account) |
Tight spreads for major pairs |
| CFDs (XAU/USD) |
0.5 |
$5 |
Standard commission applies |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Dependent on market volatility |
Other Fees
Additional costs to consider include:
– Deposit/Withdrawal Fees: Currently, DuraMarkets does not charge any fees for crypto deposits or withdrawals.
– Inactivity Fees: Accounts that remain inactive for a specified period may incur a fee.
– Platform Usage Fees: No additional fees for using the MetaTrader 4 platform.
– Overnight Interest: Swap rates apply for positions held overnight unless using the Swap-Free account.
– Currency Conversion Fees: Fees may apply for currency conversions when trading different currency pairs.
