What Account Types and Fees Does Point72 Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Accessible for traders with lower capital |
Suitable for those starting their trading journey |
| Professional Account |
Experienced Traders |
Tighter spreads and faster execution |
Requires trading volume qualifications |
| Corporate Account |
Corporate Clients |
Customizable services for business trading needs |
Requires corporate documentation |
| Demo Account |
All Levels |
Practice trading without risk |
Ideal for testing strategies |
Account Opening Process
To open an account with Point72, prospective clients must follow several steps. Initially, they need to visit the official Point72 website and provide personal information, such as their full name, email address, and password. Additionally, users must agree to the terms of service and the privacy policy. Following this, they will verify their email through a link sent to their inbox. The next step involves submitting identity verification documents, including a form of ID and proof of address, to comply with regulatory requirements. It is also important to note that clients may later upgrade their accounts to a professional status if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads for major pairs |
| CFDs (Stocks, Indices, Commodities) |
Varies |
Varies |
Competitive pricing on a range of CFDs |
| Cryptocurrencies (BTC, ETH) |
Varies |
Varies |
Pricing may fluctuate depending on market conditions |
Other Fees
Traders should be aware of various additional fees that may apply when using Point72. These may include deposit and withdrawal fees, which can vary based on the chosen payment method. Inactivity fees may apply if an account remains dormant for an extended period. Furthermore, traders might encounter platform usage fees, overnight interest (swap rates), and currency conversion fees, depending on their trading activities and account settings.
