What Account Types and Fees Does Dominion Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard STP Account |
Novice Traders |
Direct market access with no commissions, low spreads |
Suitable for small-capital practice, $100 minimum deposit |
| Pro Account |
Experienced Traders |
Deep liquidity, tight spreads, allows scalping |
Requires $100 minimum deposit, ideal for technical strategies |
| Islamic Account |
Traders of Islamic Faith |
Swap-free trading, complies with Shariah law |
Requires $100 minimum deposit, suitable for long-term positions |
| Demo Account |
All Traders |
Practice trading without financial risk |
Available for all users, no minimum deposit required |
Account Opening Process
To open an account with Dominion Markets, traders need to follow a straightforward process. First, they must register by choosing an account type and submitting their application. The next step involves funding the account using various available methods. Finally, after the account is funded, traders can access over 200 instruments across all asset classes on the MetaTrader 5 platform. Identity verification is a necessary part of the process, which includes submitting valid identification and proof of address. Additionally, there is flexibility in upgrading accounts later, allowing users to transition to a professional account as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.0 |
$0 (Standard), $3.5 (Pro) |
Competitive spreads for various pairs |
| CFDs (Indices, Commodities) |
Varies |
$0 – $3.5 |
Spreads depend on specific instruments |
| Cryptocurrencies (BTC/USD) |
Varies |
0.1% |
Variable spreads based on market conditions |
Other Fees
The following fees may apply when trading with Dominion Markets: deposit and withdrawal fees may vary depending on the funding method chosen. Inactivity fees may be charged if an account remains dormant for an extended period. Additionally, there could be platform usage fees, depending on the specific services utilized. Overnight interest, commonly known as swap rates, may apply to positions held overnight, while currency conversion fees could be incurred when trading in different currencies.
