What Account Types and Fees Does Enel Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, educational resources, regular market analysis |
Accessible for individual traders with no prior experience |
| Professional Account |
Experienced traders and institutions |
Higher leverage, advanced trading tools, lower spreads |
Requires proof of trading experience and minimum trading volume |
| Corporate Account |
Corporate clients and institutional investors |
Customized services, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading, no interest charges |
Available upon request and requires verification |
| Demo Account |
New traders and those wanting to practice |
No financial risk, full access to platform features |
Ideal for practice without real capital commitment |
Account Opening Process
To open an account with Enel, users must follow a structured process. Initially, they will need to provide personal information such as name, email, and contact details. Next, employment and financial information will be required to assess eligibility. Essential identity verification documents, including a valid ID and proof of address, are necessary to comply with regulatory requirements. Once the account is created, users can enjoy flexibility, including the option to upgrade to a professional account later if 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 major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads for major pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varies by stock |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Competitive spreads based on market conditions |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Enel’s fee structure includes various additional costs that clients should be aware of. Deposit and withdrawal fees may apply depending on the method chosen, though most deposits are free. Inactivity fees may be charged if an account remains dormant for an extended period. Platform usage fees are not typically applicable, but overnight interest (swap rates) will be levied on positions held overnight. Currency conversion fees may apply when trading in currencies different from the account’s base currency.
