What Account Types and Fees Does 9Cents Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
High leverage (up to 1:400), no commissions |
Minimum deposit of $100, suitable for small trades |
| Pro Account |
Experienced traders |
Moderate leverage (up to 1:300), no commissions |
Minimum deposit of $15,000, requires trading experience |
| ECN Account |
Professional traders |
Low spreads (as low as 4 pips), commission of $5 per lot |
Minimum deposit of $25,000, suitable for high-volume trading |
| Demo Account |
All traders |
Practice trading with virtual funds |
No minimum deposit, ideal for testing strategies |
Account Opening Process
To open an account with 9Cents, prospective traders must follow a straightforward process. First, they need to provide personal information, including their name, email, and phone number. Next, applicants must submit employment details and financial information to assess their trading capabilities. Identity verification is crucial; users must upload documents such as a government-issued ID and proof of address to confirm their identity. Once the account is created, clients have the flexibility to upgrade to a professional account if they meet the necessary criteria in the future.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (Standard/Pro: $0, ECN: $5/lot) |
Tight spreads available for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (Standard/Pro: $0, ECN: $5/lot) |
Competitive spreads for minor pairs |
| CFDs (Gold) |
20-35 |
$0 (Pro: $0, ECN: $5/lot) |
Higher spreads for lower account types |
| CFDs (Crude Oil) |
15 |
$0 (Pro: $0, ECN: $5/lot) |
Standard pricing for oil trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, 9Cents has several other costs to consider. Deposit and withdrawal fees may apply, although specifics are not clearly defined. Inactivity fees can be charged if an account remains dormant for an extended period. Users should also be aware of platform usage fees, if applicable, as well as overnight interest rates (swap rates) on leveraged positions. Lastly, currency conversion fees may apply when trading in different currencies.
