What Account Types and Fees Does FTG Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
User-friendly interface, educational resources, low minimum deposit |
Ideal for those new to trading |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, advanced trading tools |
Requires proof of trading experience |
| Corporate Account |
Businesses and institutions |
Customizable trading solutions, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Muslim traders |
Swap-free trading, compliant with Sharia law |
Available upon request |
| Demo Account |
All traders |
Practice trading with virtual funds, access to all features |
No financial commitment required |
Account Opening Process
To open an account with FTG, follow these steps: First, submit your personal information including name, date of birth, and contact details. Next, provide your employment information such as occupation and employer details. After that, you will need to submit financial information, including your income and source of funds. Identity verification will be necessary, requiring a valid ID and proof of address. Finally, you can enjoy account flexibility, including the option to upgrade to a professional account later if you meet the necessary criteria.
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 for minor pairs |
| CFDs (Stocks) |
1.5 |
$0.1 per share |
Varies by stock liquidity |
| CFDs (Indices) |
0.5 |
$1 per lot |
Low fees for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Additional fees associated with FTG accounts include deposit and withdrawal fees, which may vary depending on the payment method. Inactivity fees apply if the account remains dormant for an extended period. There may also be platform usage fees if a specific trading platform or tool is utilized. Overnight interest rates (swap rates) could apply to positions held overnight, and currency conversion fees may be charged when trading in different currencies.
