What Account Types and Fees Does EZINVEST Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Low minimum deposit, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, reduced fees |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, higher limits |
Requires corporate documentation |
| Islamic Account |
Muslim traders |
Swap-free trading, compliance with Sharia |
Must submit relevant documentation |
| Demo Account |
All traders |
Practice trading with virtual funds |
No eligibility requirements |
Account Opening Process
To open an account with EZINVEST, prospective traders must follow a streamlined process. First, individuals need to provide personal information, including their name, address, and contact details. This is followed by submission of employment and financial information to assess trading suitability. Identity verification is essential, requiring valid identification and proof of address documents. It is also important to note that EZINVEST allows account flexibility, enabling users to upgrade from a retail to a professional account at a later stage, should their trading experience qualify them for such an upgrade.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
1.5 |
$0.5 |
Standard commission structure |
| CFDs (Indices) |
2.0 |
$1.0 |
Varies by index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other costs associated with their accounts at EZINVEST. These include potential deposit and withdrawal fees, which may vary based on the payment method chosen. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, traders should consider platform usage fees if applicable, alongside overnight interest, also known as swap rates, for positions held overnight. Currency conversion fees may also be incurred for transactions involving different currencies.
