What Account Types and Fees Does Bendix FX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and hobbyist traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced and institutional traders |
Higher leverage, tight spreads, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Available for eligible clients upon request |
| Demo Account |
New traders and those testing strategies |
Practice trading without financial risk |
Unlimited access for practice |
Account Opening Process
To open an account with Bendix FX, prospective clients must follow a straightforward process. The first step involves submitting personal information, including name, contact details, and nationality. Next, employment details such as occupation and employer will be collected. Additionally, applicants need to provide financial information, detailing their trading experience and financial situation.
Identity verification is a crucial step, requiring documents like a government-issued ID and proof of address (such as a utility bill or bank statement). It is important to note that there is flexibility in account types; clients may upgrade to a professional account in the future if their trading volume increases and they 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) |
High liquidity |
| CFDs (Stocks) |
1.5 |
$2 per lot |
Varies by stock |
| CFDs (Indices) |
1.0 |
$1 per lot |
Competitive rates |
| CFDs (Commodities) |
2.0 |
$2 per lot |
Variable spreads depending on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Clients should be aware of additional fees associated with their trading activities. Deposit and withdrawal fees apply, particularly for wire transfers, which are the primary method of funding accounts. Inactivity fees may also be charged if there is no trading activity for an extended period. Users should also note any platform usage fees that may apply, along with overnight interest (swap rates) for positions held overnight. Currency conversion fees can also apply if trading in different currencies.
