What Account Types and Fees Does Eiwa Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to basic trading tools, low minimum deposit |
Ideal for small-capital practice |
| Professional Account |
Experienced traders and high-volume investors |
Higher leverage, reduced spreads |
Requires proof of trading experience and financial assets |
| Corporate Account |
Corporate clients |
Custom trading solutions, dedicated account manager |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant trading |
Swap-free trading options |
Requires declaration of Islamic finance adherence |
| Demo Account |
New traders and those testing strategies |
Access to a simulated trading environment |
No real capital required, time-limited access |
Account Opening Process
To open an account with Eiwa Securities, potential clients must follow a structured process that includes several key steps. First, applicants will need to submit personal information, including their name, address, and date of birth. Next, employment information is required, detailing current job or occupation, along with financial details like income and net worth.
Identity verification is an essential part of the process, necessitating the submission of a government-issued ID and proof of address (such as a utility bill). After completing these steps, applicants can choose between various account types based on their trading needs and preferences. It’s important to note that there is flexibility in upgrading to a professional account later as trading experience and volume increase.
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) |
1.2 |
$0 (ECN: $3.5/lot) |
Variable spreads for minor pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Standard fees for equity CFDs |
| CFDs (Indices) |
0.5% |
$3 per lot |
Fees may vary based on index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Eiwa Securities may charge other costs including deposit and withdrawal fees, which can vary based on the method used. Clients should also be aware of potential inactivity fees if accounts are dormant for extended periods. Platform usage fees may apply depending on the services accessed. Additionally, overnight interest charges (swap rates) are incurred for positions held overnight, and currency conversion fees may apply for transactions involving different currencies.
