What Account Types and Fees Does BROCTAGON prime Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and individual traders |
Access to forex and CFDs, user-friendly platform, competitive spreads |
Ideal for those starting their trading journey with smaller capital |
| Professional Account |
Experienced traders and high-volume traders |
Higher leverage, lower spreads, exclusive market access |
Requires a minimum trading volume or significant capital |
| Corporate Account |
Corporate clients and institutions |
Tailored solutions, advanced trading tools, dedicated account management |
Requires corporate documentation and compliance verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free conditions, adheres to Islamic finance principles |
Available upon request, requires confirmation of eligibility |
| Demo Account |
New traders wanting to practice |
Risk-free trading environment, access to virtual funds |
Limited availability; check with the broker for options |
Account Opening Process
To open an account with BROCTAGON prime, prospective clients must follow a structured process that typically includes the submission of personal, employment, and financial information. This step ensures that the broker understands the client’s trading background and financial status. Additionally, identity verification is mandatory, requiring the submission of a valid ID and proof of address, such as a utility bill or bank statement. Once these documents are verified, clients have the flexibility to upgrade their accounts later, for instance, from a retail to a professional account, depending on their trading experience and volume.
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 rates on popular currencies |
| CFDs (Stocks) |
0.1% |
$0.01 per share |
Varies by stock; check specific terms |
| CFDs (Indices) |
0.5% |
$2 per lot |
Access to major global indices |
| CFDs (Commodities) |
1.0% |
$2 per lot |
Includes gold, oil, and other key commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
BROCTAGON prime may impose various fees that traders should be aware of. These include deposit and withdrawal fees, which can vary based on the payment method used. Additionally, an inactivity fee may apply if no trading activity occurs on the account for an extended period. There may also be platform usage fees, depending on the specific services utilized. Traders should keep in mind the overnight interest (swap rates) applied to positions held overnight, which can impact trading costs. Lastly, currency conversion fees may be charged for transactions involving different currencies.
