What Account Types and Fees Does UYS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, user-friendly platform, educational resources |
Ideal for small-capital traders, no trading volume requirements |
| Professional Account |
Experienced traders and professionals |
Higher leverage, tighter spreads, advanced trading tools |
Requires proof of trading experience and volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Custom services, dedicated account manager, higher limits |
Requires corporate documentation and verification |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free, no interest on overnight positions |
Available for all traders upon request, subject to verification |
| Demo Account |
All traders for practice |
Practice trading with virtual funds, access to all features |
Available for all users, no requirements |
Account Opening Process
To open an account with UYS, traders must follow a straightforward process:
1. Personal Information Submission: Provide essential personal details including name, date of birth, and contact information.
2. Employment Information: Submit employment details which may include current employer and job title.
3. Financial Information: Disclose financial status, including income and trading experience.
4. Identity Verification: Upload documents for identity verification, such as a government-issued ID and proof of address (utility bill or bank statement).
5. Account Flexibility: After initial account setup, users have the option to upgrade to a professional account if they meet the necessary qualifications.
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 high volume |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock and liquidity |
| CFDs (Indices) |
1.5 |
$2 per lot |
Standard fees for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
UYS imposes several other fees that traders should be aware of:
– Deposit/Withdrawal Fees: Varies by payment method; some methods may incur charges.
– Inactivity Fees: Applicable if there are no trades for a specified period.
– Platform Usage Fees: No fees for using the trading platforms.
– Overnight Interest (Swap Rates): Charges apply for holding positions overnight, varying by asset class.
– Currency Conversion Fees: Applied when trading in a currency different from the account base currency.
