What Account Types and Fees Does 77 Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, user-friendly platform |
Ideal for small-capital practice |
| Professional Account |
Experienced traders and professionals |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Traders seeking compliance with Sharia law |
Swap-free trading options |
Available for all account types upon request |
| Demo Account |
All traders for practice |
Access to real market conditions without risk |
Ideal for testing strategies and platform |
Account Opening Process
To open an account with 77 Securities, traders must follow a streamlined process that includes the submission of personal, employment, and financial information. This typically involves filling out an online application form. Additionally, identity verification is required, which may include providing a government-issued ID and proof of address, such as a utility bill or bank statement. Once the application is submitted, the account will be reviewed, and users will be notified upon approval. Traders have the flexibility to upgrade their accounts, for instance, from a retail to a professional account, should their trading activity qualify.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for major pairs |
| CFDs (Stocks) |
0.1% |
$0.10 per share |
Variable depending on market conditions |
| CFDs (Indices) |
0.5% |
$0 |
Low-cost access to major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other costs associated with their accounts at 77 Securities. These include deposit and withdrawal fees, which may vary based on the payment method used. An inactivity fee may be charged if an account remains dormant for an extended period. There may also be platform usage fees applicable to specific account types. Traders should consider potential overnight interest (swap rates) when holding positions overnight, and currency conversion fees may apply for trades involving different currencies.
