What Account Types and Fees Does First Gold Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Retail traders, including beginners |
Fixed spreads, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage options, lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading |
Eligibility based on personal declaration |
| Demo Account |
All user groups |
Practice trading with virtual funds |
No financial commitment required |
Account Opening Process
To open an account with First Gold, you will need to follow a straightforward process. First, submit your personal information, including your name, address, and contact details. Next, provide employment and financial information to assess your trading experience and capacity. You will also need to verify your identity by submitting a valid ID and proof of address. Once your account is opened, you have the flexibility to upgrade to a professional account later if your trading volume increases or if you meet the necessary qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.0 |
$0 |
Competitive spreads available |
| CFDs (Gold) |
5.0 |
$60 per lot |
Fixed spread on gold trading |
| CFDs (Silver) |
5.0 |
$60 per lot |
Fixed spread on silver trading |
| Cryptos (BTC/USD) |
1.5% |
$0 |
Varies based on market conditions |
Other Fees
In addition to trading fees, First Gold may charge other fees such as deposit and withdrawal fees, which may vary depending on the payment method used. There is also an inactivity fee applied if your account remains dormant for an extended period. Users should be aware of potential platform usage fees if applicable, as well as overnight interest (swap rates) for positions held overnight. Currency conversion fees may also apply when trading in different currencies.
