What Account Types and Fees Does Equityworld Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and individual traders |
Low minimum deposit, access to educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, reduced spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized trading solutions, multi-user access |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
No overnight interest fees |
Must be verified for Islamic compliance |
| Demo Account |
New traders wanting to practice |
Virtual funds for risk-free trading |
Ideal for familiarization with the platform |
Account Opening Process
To open an account with Equityworld Futures, prospective traders must follow a straightforward process. Initially, applicants will need to submit personal information, including their name, contact details, and date of birth. Following this, employment information such as job title and employer must be provided, along with financial information that may include income and trading experience. Identity verification is crucial, requiring documents like a government-issued ID and proof of address. Once the application is approved, traders have the flexibility 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) |
Competitive pricing for traders |
| CFDs (Stock Indices) |
1.5 |
$5 per lot |
Access to major global indices |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Variety of commodities available |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Equityworld Futures may apply various other charges. Deposit and withdrawal fees can occur depending on the payment method used, particularly for bank transfers. An inactivity fee may apply if an account remains dormant for an extended period. Traders should also consider any platform usage fees if applicable, alongside overnight interest (swap rates) for positions held overnight. Lastly, currency conversion fees may apply when trading in different currencies.
