What Account Types and Fees Does BOCOM International Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, educational resources, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and professionals |
High leverage, lower spreads, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customizable services, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Clients seeking Sharia-compliant trading |
Swap-free trading conditions |
Available upon request |
| Demo Account |
All traders for practice |
No risk, virtual funds, access to real market conditions |
Ideal for testing strategies without financial risk |
Account Opening Process
To open an account with BOCOM International, follow these steps:
1. Submit Personal Information: Complete the online registration form with your personal, employment, and financial details.
2. Identity Verification: Provide necessary identification documents, such as a government-issued ID and proof of address (e.g., utility bill).
3. Account Approval: Wait for the verification process to be completed. This may take a few days.
4. Account Flexibility: If you start with a Retail Account, you can upgrade to a Professional Account later based on your trading volume and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (USD/JPY) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for active traders |
| CFDs (Stocks) |
0.2 |
$7 per lot |
Varies by stock and liquidity |
| CFDs (Indices) |
1.5 |
$5 per lot |
Includes major global indices |
| CFDs (Commodities) |
2.0 |
$10 per lot |
Based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, BOCOM International also charges other fees, including:
– Deposit/Withdrawal Fees: Generally, there are no fees for bank transfers, but other methods may incur charges.
– Inactivity Fees: Accounts inactive for a specified period may incur fees.
– Platform Usage Fees: Applicable only to certain premium services.
– Overnight Interest (Swap Rates): Applicable to positions held overnight based on market rates.
– Currency Conversion Fees: May apply when trading in different currencies.
