What Account Types and Fees Does DerivFx Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| DMT5 Account |
Traders seeking a versatile trading experience |
Access to various instruments, including Forex and CFDs |
Ideal for both beginners and experienced traders |
| DTrader Account |
New traders looking for simplicity |
User-friendly interface, suitable for straightforward trading |
Best for those who prefer basic trading strategies |
| DBot Account |
Traders interested in automated strategies |
Supports algorithmic trading with customized bots |
Requires familiarity with automated trading approaches |
| Demo Account |
All trader levels |
Practice trading without financial risk |
Allows users to familiarize themselves with the platform |
Account Opening Process
To open an account with DerivFx, users must complete several steps: first, submit personal information, including name, email, and contact details. Next, employment details and financial information should be provided to ensure that the account aligns with the trader’s experience and objectives. Identity verification is required, which includes providing a valid ID and proof of address. After completing these steps, traders have the flexibility to upgrade their accounts to a professional account if they meet the necessary criteria in the future.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 0.5 |
$0 |
Competitive spreads for major currency pairs |
| CFDs (Stocks) |
Varies |
$0 |
No commission on stock trades |
| CFDs (Indices) |
Varies |
$0 |
Spreads may vary based on market conditions |
| Commodities |
Varies |
$0 |
Includes popular commodities like gold and oil |
| Cryptocurrencies |
Varies |
$0 |
Trading available on major cryptocurrencies |
Other Fees
Traders should be aware of various fees associated with using DerivFx. There may be deposit and withdrawal fees depending on the payment method chosen. Additionally, an inactivity fee of $25 applies after 12 months of no trading activity. While there are no platform usage fees, traders should consider potential overnight interest (swap rates) for holding positions overnight. Currency conversion fees may also apply for trades involving different currencies.
