What Account Types and Fees Does Fake Maliyat Offer?
| Account Type |
Target User Group |
Key Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, tighter spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law |
Available upon request |
| Demo Account |
New traders |
Practice trading without risk |
Ideal for learning and strategy testing |
Account Opening Process
Opening an account with Fake Maliyat involves several straightforward steps. First, users must submit personal information, including their name, email, and contact details. Following that, employment and financial information are required to assess the user’s trading profile. Additionally, identity verification is mandatory, requiring submission of a valid ID and proof of address. Prospective traders should note that the account setup is flexible, allowing for upgrades to a professional account at a later stage if qualifications are met.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Competitive spreads for major pairs |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$0 |
No commission on CFD trades |
| Cryptocurrencies |
Varies |
$0 |
Access to popular cryptos |
Other Fees
In addition to trading fees, potential costs may include deposit and withdrawal fees, which can vary based on the payment method. Users should also be aware of any inactivity fees that may apply if an account remains dormant for an extended period. Furthermore, platform usage fees could be applicable, along with overnight interest (swap rates) for positions held overnight. Lastly, currency conversion fees may apply when trading in different currencies.
