What Account Types and Fees Does Granfeld Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, educational resources, demo account access |
Suitable for small-capital practice and testing strategies |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools, lower spreads |
Requires trading volume qualifications and experience |
| Corporate Account |
Corporate clients |
Customized services, higher trading limits, dedicated account manager |
Requires corporate documentation and verification |
| Islamic Account |
Muslim traders |
Swap-free trading, no overnight interest charges |
Must provide proof of eligibility |
| Demo Account |
All trader levels |
Practice trading without risk, access to all platform features |
Available for a limited time; no funding required |
Account Opening Process
To open an account with Granfeld, you will need to follow a straightforward process. First, you will be required to submit personal information, including your name, address, and contact details. Next, you will need to provide employment and financial information to assess your trading experience and financial status. Identity verification is a crucial step, which involves submitting a valid ID and proof of address. After the initial setup, you may have the flexibility to upgrade to a professional account in the future, provided you 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 major pairs |
| CFDs (Stock Index) |
1.5 |
$2.0 |
Varied spreads based on market conditions |
| CFDs (Commodities) |
2.0 |
$2.5 |
Standard spreads apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, Granfeld may apply several other charges. Deposit and withdrawal fees can vary depending on the payment method used. There may also be inactivity fees if the account remains dormant for an extended period. If you are using specific trading platforms, there could be platform usage fees involved. Additionally, overnight interest (swap rates) may apply to positions held overnight, and currency conversion fees could be incurred for trades involving different currencies.
