What Account Types and Fees Does FTD Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a range of trading instruments, user-friendly platform |
Suitable for small-capital practice; no minimum deposit disclosed |
| Professional Account |
Experienced traders and professionals |
Higher leverage options, tailored trading conditions |
Requires trading volume qualifications; eligibility criteria apply |
| Corporate Account |
Corporate clients and institutions |
Custom solutions, multi-user access, dedicated account manager |
Requires corporate documentation; consult for specific requirements |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading conditions, no overnight interest |
Able to request upon account opening; subject to verification |
| Demo Account |
All types of traders |
Practice trading in a risk-free environment with virtual capital |
Ideal for testing strategies; available for all users |
Account Opening Process
To open an account with FTD, prospective clients must follow a straightforward process. Initially, they need to submit personal information, including their name, email, and contact details. This is followed by providing employment and financial information to assess trading capabilities. Identity verification is crucial; therefore, clients must submit valid identification documents, such as a government-issued ID and proof of address (like a utility bill). FTD allows flexibility for clients, enabling them to upgrade to a professional account later if they meet the necessary requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (USD/CHF) |
1.0 |
$0 (ECN: $3.5/lot) |
Standard spreads for minor pairs |
| CFDs (Brent) |
2.0 |
$0 |
Commonly traded commodity |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Additional costs associated with trading at FTD include deposit and withdrawal fees, which may vary depending on the chosen method. Inactivity fees may apply if an account remains dormant for an extended period. FTD does not charge platform usage fees; however, overnight interest (swap rates) may be applied, particularly in leveraged positions. Currency conversion fees are also applicable for transactions involving different currencies.
