What Account Types and Fees Does LEVEL 2 Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, access to raw interbank spreads |
Suitable for personal trading with a minimum deposit of USD 100 |
| Professional Account |
Experienced traders |
Higher leverage options, tailored services |
Requires proof of trading experience and substantial trading volume |
| Corporate Account |
Corporate clients |
Customized trading solutions, multi-user access |
Requires corporate documentation and higher initial deposit |
| Islamic Account |
Muslim traders |
Swap-free trading options |
Available upon request; must comply with Islamic finance principles |
| Demo Account |
All traders |
Practice trading without financial risk |
No deposit required; ideal for testing strategies |
Account Opening Process
To open an account with LEVEL 2, traders must follow a straightforward process. First, they need to submit personal information, including name, email address, and phone number. Next, employment details and financial information, such as income sources and trading experience, are required. Identity verification is crucial and involves submitting a government-issued ID and proof of address, like a utility bill. Once these steps are completed, traders can create their account. LEVEL 2 also offers flexibility, allowing users 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 pricing for popular pairs |
| CFDs (Stocks) |
1.5 |
$0.02 per share |
Includes major stocks |
| CFDs (Indices) |
1.0 |
$0.01 per contract |
Varies by index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, LEVEL 2 charges various other fees that traders should be aware of. Deposit and withdrawal fees may apply, depending on the payment method chosen. An inactivity fee is charged if the account remains dormant for an extended period. Platform usage fees are not applicable as LEVEL 2 uses its proprietary platform. Overnight interest, or swap rates, may apply for positions held overnight, and currency conversion fees may also be incurred for deposits or withdrawals in different currencies.
