What Account Types and Fees Does FPG Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
High leverage, tighter spreads, advanced tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Muslim traders |
Swap-free trading options |
Available upon request |
| Demo Account |
New traders |
Practice trading without risk, full access to platform |
Ideal for testing strategies |
Account Opening Process
Opening an account with FPG Securities involves several straightforward steps. You will first need to submit personal, employment, and financial information through their online platform. Following this, identity verification is necessary, which typically requires providing a government-issued ID and proof of address. It is important to note that there is flexibility in account management, allowing you to upgrade to a professional account later on if you meet the necessary qualifications.
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 pricing for major pairs |
| CFDs (Stocks) |
0.2 |
$1.5 per lot |
Standard fees apply |
| CFDs (Indices) |
0.5 |
$1 per lot |
Low commission structure |
| CFDs (Commodities) |
1.5 |
$2 per lot |
Varies by asset |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, FPG Securities outlines several other costs that traders should be aware of. Deposit and withdrawal fees may apply depending on the method used, and there are inactivity fees if your account remains dormant for an extended period. Platform usage fees are not applicable, as the trading platform is provided without extra charge. Additionally, overnight interest rates, known as swap rates, will apply to positions held overnight, and currency conversion fees may be incurred when trading in different currencies.
