What Account Types and Fees Does Abbott Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for new traders looking to practice |
| Professional Account |
Experienced traders |
Higher leverage, tighter spreads |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients |
Custom solutions, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading conditions |
Must provide proof of eligibility |
| Demo Account |
All trader levels |
Practice trading without risk |
Ideal for testing strategies before live trading |
Account Opening Process
To open an account with Abbott Futures, you will need to follow a series of steps. First, you will submit personal information, including your name, address, and contact details. Next, employment information must be provided, which may include your job title and employer’s details. Following that, financial information regarding your trading experience and financial status is necessary. Identity verification is crucial; you will be required to submit a government-issued ID and proof of address, such as a utility bill or bank statement. Once your documents are verified, you can begin trading. Additionally, Abbott Futures offers flexibility for traders, allowing them to upgrade from a retail to a professional account as their trading experience and volume increase.
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 pricing |
| CFDs (S&P 500) |
1.5 |
$5 per lot |
Standard fees apply |
| CFDs (Gold) |
2.0 |
$5 per lot |
High liquidity asset |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, Abbott Futures may impose several other costs. Deposit and withdrawal fees may apply, depending on the payment method chosen. Inactivity fees are charged if your account remains dormant for an extended period. There may also be platform usage fees for certain trading platforms. Traders should be aware of overnight interest (swap rates) applied to positions held overnight. Lastly, currency conversion fees might be incurred for accounts operated in a currency different from the base currency of the trading account.
