What Account Types and Fees Does AKBANK Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface, educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools, lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate entities |
Customized services, multi-user access, corporate reporting |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading, competitive spreads |
Available to all eligible traders |
| Demo Account |
New traders wanting to practice |
Risk-free trading environment, virtual funds |
Ideal for testing strategies without financial risk |
Account Opening Process
To open an account with AKBANK, follow these steps:
1. Submit personal information, including your full name, contact details, and employment information.
2. Provide financial information such as income and investment experience.
3. Complete identity verification by submitting an ID and proof of address.
4. Once your application is approved, you can fund your account.
5. Note that you can upgrade to a professional account later if you meet the necessary trading volume qualifications.
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 spreads |
| CFDs (Stocks) |
0.5 |
$7 per lot |
Varies by stock |
| CFDs (Indices) |
1.2 |
$6 per lot |
Includes major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
AKBANK also has several other fees to consider:
– Deposit/withdrawal fees: Generally free for bank transfers, but may vary for other methods.
– Inactivity fees: Charged if there are no transactions over a defined period.
– Platform usage fees: Not applicable for standard accounts, but may apply for premium services.
– Overnight interest (swap rates): Applicable for positions held overnight, varies by account type.
– Currency conversion fees: May apply when trading in non-base currencies or withdrawing in foreign currencies.
