What Account Types and Fees Does BIBBY Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and intermediate traders |
Low spreads, user-friendly platform |
Ideal for small-capital trading and practice |
| Professional Account |
Experienced traders |
High leverage, advanced trading tools |
Requires proof of trading volume and experience |
| Corporate Account |
Corporate clients |
Custom solutions, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders requiring swap-free conditions |
Compliance with Sharia law, no overnight interest |
Available upon request with verification |
| Demo Account |
All traders for practice |
Risk-free trading environment, virtual funds |
Accessible to anyone interested in trading |
Account Opening Process
To open an account with BIBBY, prospective clients must follow a straightforward process. The initial step involves submitting personal information, which includes providing details such as name, contact information, and date of birth. Following this, applicants are required to submit employment and financial information to assess their trading suitability.
Identity verification is a critical part of the process; clients must provide valid identification documents, such as a passport or driver’s license, along with proof of address, like a utility bill or bank statement.
BIBBY also offers account flexibility, allowing traders to upgrade from a retail to a professional account later, provided they meet the necessary eligibility 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 for heavy trading |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Low commission, wide selection |
| CFDs (Indices) |
0.5% |
$5 per lot |
Stable spreads during market hours |
| CFDs (Commodities) |
1.0% |
$5 per lot |
Varied spreads based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
BIBBY’s fee structure includes several additional costs that traders should consider.
Deposit and withdrawal fees may apply depending on the payment method used. Inactivity fees are charged if an account remains dormant for an extended period.
If applicable, platform usage fees might be incurred for specific tools or services. Overnight interest or swap rates are applied for positions held overnight, while currency conversion fees may apply for transactions involving different currencies.
