What Account Types and Fees Does ANZ Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and general traders |
Low trading fees, access to educational resources |
Designed for individuals with small to moderate trading volumes |
| Professional Account |
Experienced traders and institutions |
Higher leverage, tighter spreads, advanced trading tools |
Requires demonstration of trading experience and volume |
| Corporate Account |
Corporate clients and businesses |
Custom solutions, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
No swap fees, tailored trading conditions |
Must provide proof of eligibility for Islamic finance |
| Demo Account |
New traders and those testing strategies |
Practice trading without risk, virtual funds |
Available to anyone wanting to learn trading |
Account Opening Process
Opening an account with ANZ involves several straightforward steps. First, applicants need to submit their personal information, including name, address, and contact details. Next, employment-related information, such as job title and employer details, must be provided. Following this, financial information, including income and existing financial commitments, is required. To verify identity, applicants must submit identification documents, which may include a government-issued ID and proof of address like a utility bill. Importantly, there is flexibility within the account structure; traders can upgrade to a professional account later if their trading volume or experience increases.
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 rates for major pairs |
| CFDs (AAPL) |
0.1% |
$5 per lot |
Access to popular stock CFDs |
| CFDs (Gold) |
0.3% |
$5 per lot |
Popular commodity trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, ANZ has various costs that traders should be aware of. Deposit and withdrawal fees can apply depending on the method used, with bank transfers typically being free. An inactivity fee may be charged if an account remains dormant for an extended period. While there are no platform usage fees, clients should note that overnight interest, or swap rates, may apply to positions held overnight. Additionally, currency conversion fees could be incurred for transactions involving different currencies.
