What Account Types and Fees Does Blue Dragon Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, access to a variety of trading instruments |
Suitable for traders with small capital, no special qualifications required |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires proof of trading experience or trading volume |
| Corporate Account |
Corporate clients |
Custom solutions, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders adhering to Islamic finance principles |
Swap-free trading conditions |
Must provide documentation to qualify for an Islamic account |
| Demo Account |
New traders and those testing strategies |
Practice trading without financial risk |
No real funds involved; ideal for beginners |
Account Opening Process
To open an account with Blue Dragon, users must follow a straightforward process. First, traders need to submit personal information including their name, email, and phone number. Next, employment details such as occupation and employer information must be provided. Financial information, including income sources and trading experience, is also required.
Identity verification is a crucial step, necessitating the submission of identification documents (such as a passport or driver’s license) and proof of address (like a utility bill or bank statement).
Once the account is opened, users have the flexibility to upgrade to a professional account if they meet the necessary qualifications in the future.
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 active traders |
| CFDs (Stocks) |
1.5 |
$0 (ECN: $4.0/lot) |
Variety of stocks available |
| CFDs (Indices) |
1.0 |
$0 (ECN: $3.0/lot) |
Includes major global indices |
| CFDs (Commodities) |
2.0 |
$0 (ECN: $3.5/lot) |
Access to popular commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Traders should be aware of additional costs that may apply when using Blue Dragon. These include deposit and withdrawal fees, which may vary based on the method used; inactivity fees for dormant accounts; potential platform usage fees if applicable; overnight interest charges (swap rates) for holding positions overnight; and currency conversion fees if applicable. Understanding these fees is crucial for maintaining cost-effective trading.
