What Account Types and Fees Does CXMarkets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, no commission, user-friendly platform |
Minimum deposit of $100, ideal for small capital trading |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, advanced trading tools |
Requires proof of trading experience or capital |
| Corporate Account |
Businesses and institutions |
Custom services, higher trading limits, dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Traders adhering to Islamic finance |
Swap-free trading options, competitive spreads |
Must request at account opening |
| Demo Account |
All traders for practice |
Access to all trading features with virtual funds |
No minimum deposit required, ideal for testing strategies |
Account Opening Process
To open an account with CXMarkets, follow these steps:
1. Complete the online application by providing personal details, including your name, email, and phone number.
2. Submit employment and financial information to determine suitability and risk profile.
3. Provide identity verification documents, including a government-issued ID and proof of address.
4. Once your account is verified, you can start trading. Note that you can upgrade to a professional account later if you meet the required 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 pricing for minor pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varies by stock volatility |
| CFDs (Indices) |
1.0 |
$4 per lot |
Market conditions may affect spreads |
| Commodities (Gold) |
3.0 |
$4 per lot |
Dependent on market fluctuations |
| Cryptos (BTC/USD) |
1.5% |
0.1% |
Highly volatile; spreads may vary |
Other Fees
In addition to trading fees, CXMarkets may apply the following charges:
– Deposit/withdrawal fees: Minimal fees may apply depending on the payment method.
– Inactivity fees: A fee may be charged if your account is inactive for an extended period.
– Platform usage fees: No additional fees for using the trading platform.
– Overnight interest (swap rates): Applies to positions held overnight, varies by instrument.
– Currency conversion fees: May apply when trading in different currencies.
