What Account Types and Fees Does BRAC EPL 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 |
Higher leverage, advanced trading tools |
Requires trading experience and volume qualifications |
| Corporate Account |
Corporate clients |
Custom services, tailored solutions |
Requires corporate documentation |
| Islamic Account |
Muslim traders |
Swap-free, compliant with Sharia law |
Requires verification of religious affiliation |
| Demo Account |
All traders |
Practice trading with virtual funds |
Great for testing strategies without risk |
Account Opening Process
To open an account with BRAC EPL, prospective clients must go through a systematic process that includes the submission of personal, employment, and financial information. This information is essential for identity verification, which includes providing a valid ID and proof of address. Once these documents are submitted, the account can be verified quickly. For those who start with a Retail Account, there may be opportunities to upgrade to a Professional Account later, depending on trading activity and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Includes major international stocks |
| CFDs (Indices) |
1.2 |
$4 per lot |
Popular indices available |
| CFDs (Commodities) |
2.0 |
$6 per lot |
Various commodities offered |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to the trading fees, clients should be aware of several other costs associated with their accounts. These include deposit and withdrawal fees, which may vary based on the payment method used. There is also an inactivity fee that applies if an account remains dormant for an extended period. Clients may incur platform usage fees if applicable, and overnight interest (swap rates) may affect positions held overnight. Lastly, currency conversion fees may apply when trading in different currencies.
