What Account Types and Fees Does DRC Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires proof of trading experience |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders requiring swap-free options |
No overnight interest |
Requires verification of eligibility |
| Demo Account |
New traders |
Practice trading without real money |
No capital required, time-limited access |
Account Opening Process
To open an account with DRC, prospective traders must follow a straightforward process. First, they need to submit personal information, including their full name, contact details, and date of birth. After that, employment details and financial information must be provided, which helps assess the trader’s experience and suitability for different account types. Identity verification is essential, requiring an official ID and proof of address, such as a utility bill or bank statement. DRC allows flexibility in account management, enabling traders to upgrade to a professional account later if they meet the necessary 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) |
Standard spreads on minors |
| CFDs (Stock Index) |
1.5 |
$5 per lot |
Competitive rates for indices |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Standard commissions apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, traders should be aware of other potential costs. DRC may charge deposit and withdrawal fees, which can vary depending on the method used. Inactivity fees may apply to accounts that have not engaged in trading for an extended period. There may also be platform usage fees for additional services, along with overnight interest (swap rates) for positions held overnight. Currency conversion fees might be applicable when trading in different currencies.
