What Account Types and Fees Does BLUEMOUNT Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for small-capital practice |
| Professional Account |
Experienced traders |
High leverage, access to advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Businesses and corporate clients |
Customized services, multi-user access |
Requires corporate documentation |
| Islamic Account |
Traders adhering to Islamic finance principles |
Swap-free trading options |
Must provide documentation for eligibility |
| Demo Account |
New traders or those testing strategies |
Practice trading without real money |
Limited access to certain features |
Account Opening Process
To open an account with BLUEMOUNT, users must follow a straightforward process. First, they will need to submit personal information, including their name, contact details, and date of birth. Next, employment information is required, detailing the user’s occupation and employer. Following this, financial information such as income and trading experience will be collected. Identity verification is essential, and clients are required to provide a government-issued ID and proof of address, such as a utility bill. It is important to note that account flexibility is available; users can upgrade to a professional account later if 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) |
Competitive for major pairs |
| CFDs (Apple Stock) |
0.1 |
$0.025 |
Transparent pricing |
| CFDs (Gold) |
0.3 |
$0.05 |
Low cost for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
BLUEMOUNT also has several other fees to be aware of. Deposit and withdrawal fees may apply, although specific amounts can vary. There is an inactivity fee for accounts that remain dormant for extended periods. Users should also be aware of potential platform usage fees if applicable. Additionally, overnight interest, known as swap rates, may apply for positions held overnight. Lastly, currency conversion fees could be incurred when trading in currencies other than the primary account currency.
