What Account Types and Fees Does WealthFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Bronze Account |
Beginners |
Low minimum deposit, swap-free, no commissions |
Suitable for practicing with a small capital |
| Silver Account |
Intermediate Traders |
Low minimum deposit, swap-free, no commissions |
Ideal for those ready to trade with more capital |
| Gold Account |
Experienced Traders |
Competitive spreads, swap-free, no commissions |
Recommended for traders looking for better pricing |
| Diamond Account |
Advanced Traders |
Very low spreads, swap-free, no commissions |
Best for high-volume trading |
| Platinum Account |
Professional Traders |
Lowest spreads, swap-free, no commissions |
Requires significant trading volume |
| ECN Account |
Professional and Corporate Clients |
Direct market access, low spreads, commission applies |
Requires higher minimum deposit and trading experience |
Account Opening Process
To open an account with WealthFX, you will need to follow a straightforward process that involves several steps. First, you will submit personal information, including your name, address, date of birth, and contact details. Next, you’ll provide employment details and financial information to help the broker assess your trading experience and suitability. Identity verification is crucial; you will need to upload a government-issued ID and proof of address, such as a utility bill. Once your account is verified, you can start trading immediately. Additionally, WealthFX offers flexibility to upgrade to a professional account later as your trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.5 |
$0 (ECN: $7/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
0.6 |
$0 (ECN: $7/lot) |
Competitive for most traders |
| CFDs (Stocks) |
1.0 |
$0 |
Low fees for stock trading |
| CFDs (Indices) |
1.5 |
$0 |
Attractive for index trading |
| CFDs (Commodities) |
2.0 |
$0 |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
WealthFX also has several other fees to consider. There may be deposit and withdrawal fees depending on the method used. Inactivity fees may apply if your account remains dormant for an extended period. While there are generally no platform usage fees, traders should be aware of overnight interest charges (swap rates) for positions held overnight. Additionally, currency conversion fees might apply for trades involving different currencies.
