What Account Types and Fees Does DMCC Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, access to educational resources |
Ideal for small-capital practice and learning |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires minimum trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom trading solutions, dedicated support |
Requires corporate documentation and registration |
| Islamic Account |
Traders adhering to Sharia law |
Swap-free trading options |
Available to all traders upon request |
| Demo Account |
New and experienced traders |
Practice trading with virtual funds |
Available for a limited time to practice strategies |
Account Opening Process
To open an account with DMCC, follow these steps:
1. Personal Information Submission: Provide required personal details, including your name, address, and contact details.
2. Employment Information: Submit information about your employment status and occupation.
3. Financial Information: Share your financial background, including income sources and estimated trading capital.
4. Identity Verification: Upload necessary documents for identity verification, such as a government-issued ID and proof of address (e.g., utility bill).
5. Account Flexibility: Note that you can upgrade to a professional account later, subject to trading volume requirements.
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 popular pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Access to global stock markets |
| CFDs (Indices) |
0.5% |
$5 per lot |
Broad market exposure |
| CFDs (Commodities) |
1.0% |
$5 per lot |
Variety of commodities available |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
In addition to trading fees, DMCC may impose the following charges:
– Deposit/Withdrawal Fees: May apply depending on the method used.
– Inactivity Fees: Charged if no trading activity occurs for a specified period.
– Platform Usage Fees: If applicable, based on the trading platform selected.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, unless using an Islamic account.
– Currency Conversion Fees: May apply for trading in currencies different from the account base currency.
