What Account Types and Fees Does EACHMARKETS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Starter Account |
Beginners |
Minimum deposit of $100, high leverage up to 1:200, competitive spreads from 1.0 pip. |
Designed for small-capital practice; may not cater to experienced traders’ needs. |
| Advanced Account |
Experienced Traders |
Minimum deposit of $1,000, tighter spreads from 0.5 pips. |
Requires a higher trading volume; may not provide features that advanced traders expect. |
| Pro Elite Account |
Professional Traders |
Minimum deposit of $10,000, tightest spreads from 0.1 pip, leverage up to 1:500. |
Exclusive access for high-net-worth individuals; requires significant capital. |
Account Opening Process
To open an account with EACHMARKETS, traders must complete several steps. First, they need to submit personal information, including their name, contact details, and date of birth. Following this, employment details and financial information are required to assess the applicant’s trading experience and risk tolerance. Identity verification is also necessary, which includes providing a government-issued ID and proof of address, such as a utility bill or bank statement. The process allows for flexibility, as traders can upgrade from a Starter to a Professional account later, depending on their trading experience and capital.
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 spread for major pairs |
| CFDs (Gold) |
0.3 |
$10 per lot |
Competitive pricing on commodities |
| CFDs (Oil) |
0.4 |
$10 per lot |
Variable pricing based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
When engaging with EACHMARKETS, traders should be aware of additional costs that may apply. Deposit and withdrawal fees may vary based on the method chosen, especially for international transactions. An inactivity fee applies if the account remains dormant for an extended period. There are no specific platform usage fees mentioned; however, overnight interest (swap rates) can apply to positions held beyond the trading day. Additionally, currency conversion fees may be incurred for trades involving different currencies.
