What Account Types and Fees Does AM Broker Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and individual traders |
Low spreads, no commission on forex and metals |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Tighter spreads, commissions apply |
Requires higher trading volume qualifications |
| Institutional Account |
Corporate clients and institutional investors |
Customized services, high trading limits |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Complies with Sharia law |
Available for all account types |
| Demo Account |
New traders and those wanting to practice |
Risk-free trading with virtual funds |
Not suitable for real profit withdrawals |
Account Opening Process
To open an account with AM Broker, potential clients must follow these steps: first, they need to visit the AM Broker website. Next, they should select the type of account they wish to open. After that, they will fill out a registration form, providing personal, employment, and financial information. Identity verification is required, which includes submitting identification documents and proof of address. It’s important to note that clients have the flexibility to upgrade to a professional account later if their trading volume qualifies.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Variable |
$0 (for Retail Accounts) |
Low spreads and no commission apply |
| Forex (Minor Pairs) |
Variable |
Variable |
Spreads and commission vary by account type |
| CFDs (Stocks, Indices, Commodities) |
Variable |
Varies by instrument |
Commissions apply for Professional Account |
| Cryptocurrencies |
Variable |
Variable |
Depends on market conditions |
Other Fees
AM Broker may impose several other fees, including: deposit and withdrawal fees depending on the payment method, inactivity fees for dormant accounts, and potential currency conversion fees for transactions in different currencies. Furthermore, overnight interest (swap rates) may apply to positions held overnight, which is relevant for all account types. It’s advisable to review the specifics of these costs before trading.
