What Account Types and Fees Does Equinox Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Low minimum deposit, access to various trading instruments |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, enhanced trading conditions |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, tailored trading solutions |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law |
Available upon request |
| Demo Account |
All traders |
Practice trading without risk |
Ideal for testing strategies |
Account Opening Process
To open an account with Equinox, prospective traders need to follow a straightforward process. Initially, they will be required to submit personal information, including their name, address, and contact details. Following this, employment and financial information must be provided to assess the applicant’s trading background and financial situation. Identity verification is crucial; traders must submit valid identification documents and proof of address to confirm their identity. Equinox offers account flexibility, allowing traders to upgrade to a professional account at a later stage, depending on their trading experience and volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 1.0 |
$0 |
Competitive spreads for major pairs |
| Forex (Minor Pairs) |
From 1.8 |
$0 |
Wider spreads for less traded pairs |
| CFDs (Stocks) |
Varies |
$0 |
Depends on the specific stock |
| CFDs (Indices) |
Varies |
$0 |
Market-specific conditions apply |
| CFDs (Commodities) |
Varies |
$0 |
Subject to market fluctuations |
| Cryptocurrencies |
Varies |
$0 |
Dependent on market volatility |
Other Fees
Traders should also be aware of additional fees associated with their accounts. These may include deposit and withdrawal fees, which can vary depending on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. There could also be overnight interest charges, known as swap rates, applicable to positions held overnight. Currency conversion fees might be incurred when trading in different currencies, depending on the account’s base currency.
