What Account Types and Fees Does Founder Cifco Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and small investors |
Low minimum deposit, user-friendly platform |
Ideal for those starting out in trading |
| Professional Account |
Experienced traders |
Higher leverage, access to advanced trading tools |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients |
Customizable trading solutions, dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free, tailored for Muslim traders |
Available upon request, subject to terms |
| Demo Account |
All levels of traders |
Practice trading without financial risk |
Accessible to anyone; ideal for testing strategies |
Account Opening Process
To open an account with Founder Cifco Futures, traders must follow a systematic process. First, they need to submit personal information, which typically includes name, address, and contact details. Next, employment information, such as current job status and income, is required to assess the applicant’s financial background. Financial information, including income sources and trading experience, must also be provided.
Identity verification is a crucial step in this process. Applicants will need to provide a valid ID and proof of address, such as a utility bill or bank statement. Once the application is submitted and reviewed, traders may have the flexibility to upgrade their accounts, for instance, from a Retail to a Professional Account, as their trading experience and volume increase.
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 spreads for GBP pairs |
| CFDs (Stocks) |
0.1% |
$0.01 per share |
Low-cost trading on popular stocks |
| CFDs (Indices) |
0.5% |
$0 |
Flat fee structure for indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Traders should be aware of additional fees that may apply when using Founder Cifco Futures. There are typically deposit and withdrawal fees associated with transactions, although specific amounts may vary. Inactivity fees may be charged if an account remains dormant for an extended period. Additionally, platform usage fees could apply for advanced trading tools or services, depending on the account type.
Overnight interest, also known as swap rates, is applicable for positions held overnight, and traders should consider this in their trading strategy. Finally, currency conversion fees may apply for trades involving different currencies, which can affect overall trading costs.
