What Account Types and Fees Does ARFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface, access to demo account |
Suitable for small-capital practice with a minimum deposit of $50 |
| Professional Account |
Experienced traders and professionals |
Higher leverage, advanced trading tools, and analytics |
Requires trading volume qualifications to upgrade |
| Corporate Account |
Corporate clients and institutions |
Custom trading solutions, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking compliance with Sharia law |
Swap-free trading options |
Available upon request, needs verification of eligibility |
| Demo Account |
All traders for practice |
Risk-free trading environment to practice strategies |
No minimum deposit required; ideal for beginners |
Account Opening Process
To open an account with ARFX, you will need to follow a straightforward process:
1. Personal Information: Submit your name, email address, and phone number.
2. Employment Information: Provide details about your employment status and occupation.
3. Financial Information: Share your financial background, including your trading experience and investment goals.
4. Identity Verification: Upload documents for identity verification, such as an ID and proof of address.
5. Account Flexibility: You can start with a Retail Account and have the option to upgrade to a Professional Account later, provided you meet the necessary criteria.
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 for minor pairs |
| CFDs (Stocks) |
0.1% |
$0 |
Varies by stock |
| CFDs (Indices) |
0.5% |
$0 |
Competitive pricing on major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, ARFX may impose the following costs:
– Deposit/Withdrawal Fees: Minimal fees for processing deposits and withdrawals, depending on the method used.
– Inactivity Fees: Charges may apply if the account remains inactive for an extended period.
– Platform Usage Fees: No additional fees for using the trading platform.
– Overnight Interest (Swap Rates): May apply on positions held overnight, unless specified otherwise for swap-free accounts.
– Currency Conversion Fees: Applicable when trading in currencies other than your account’s base currency.
