What Account Types and Fees Does Taishin Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and individual traders |
Low minimum deposit, user-friendly platform |
Designed for small-scale investments |
| Professional Account |
Experienced traders and investors |
Higher leverage, advanced trading tools |
Requires proof of trading experience or volume |
| Corporate Account |
Corporate clients and institutions |
Customizable services, dedicated support |
Requires corporate documentation and registration |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading, no interest charges |
Eligibility based on religious requirements |
| Demo Account |
All traders for practice |
Virtual trading environment, no financial risk |
Available for all users to practice trading |
Account Opening Process
To open an account with Taishin Securities, users must follow several steps. First, they need to provide personal information, including their name, date of birth, and contact details. Next, employment details such as occupation and employer information are required. Additionally, applicants must submit financial information, which could include income and net worth details. Identity verification is essential, necessitating the submission of a government-issued ID and proof of address, such as a utility bill or bank statement. Once the account is set up, users have the flexibility 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 minor pairs |
| CFDs (Stock Index) |
1.5 |
$5 per lot |
Mid-range spread for indices |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Taishin Securities also imposes several other fees that traders should consider. Deposit and withdrawal fees may apply depending on the method used. Inactivity fees are charged if an account remains dormant for a specified period. Users should also be aware of any platform usage fees, if applicable, which may arise from accessing advanced trading tools. Additionally, overnight interest, known as swap rates, will apply to positions held beyond one trading day. Currency conversion fees may also be incurred for transactions in different currencies.
