What Account Types and Fees Does Finior Capital Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
No minimum deposit requirement, access to various trading instruments |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Low spreads, higher leverage options |
Requires minimum trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders adhering to Sharia law |
Swap-free, compliant with Islamic finance principles |
Available upon request |
| Demo Account |
All traders |
Risk-free environment to practice trading |
No capital commitment needed |
Account Opening Process
To open an account with Finior Capital, potential traders must follow a straightforward process that includes several key steps. Initially, users need to provide personal information such as name, email, and phone number. Subsequently, employment details and financial background will be requested to assess the applicant’s trading experience and risk profile. A crucial part of the process involves identity verification, which requires submitting a valid ID and proof of address. This ensures the security and integrity of the trading environment. Once the account is opened, users have the flexibility to upgrade to a professional account later, should their trading needs evolve.
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: $4/lot) |
Competitive for minors |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varies by stock |
| CFDs (Indices) |
1.2 |
$3 per lot |
Standard spreads |
| CFDs (Commodities) |
2.0 |
$4 per lot |
Based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, Finior Capital may impose various other charges that traders should be aware of. These include deposit and withdrawal fees, which may vary based on the chosen payment method. Inactivity fees may apply to accounts that remain dormant for an extended period. Additionally, there may be platform usage fees, which could be applicable for certain advanced trading tools. Overnight interest, also known as swap rates, may be charged for positions held overnight, while currency conversion fees may apply when trading in different currencies.
