What Account Types and Fees Does FXVC Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Bronze Account |
Beginners |
Minimum deposit of €250, access to educational resources |
Suitable for small-capital practice |
| Silver Account |
Intermediate Traders |
Minimum deposit of €10,000, enhanced educational support, and trading events |
Requires higher trading volume qualifications |
| Gold Account |
Experienced Traders |
Minimum deposit of €25,000, additional educational content, priority trading opportunities |
Requires significant capital investment |
| Platinum Account |
Advanced Traders |
Minimum deposit of €100,000, lower spreads, exclusive events |
Suitable for high-net-worth individuals |
| VIP Account |
Professional Traders |
Minimum deposit of €250,000, personalized services, unlimited educational resources |
Requires extensive financial documentation |
Account Opening Process
Opening an account with FXVC is straightforward and user-friendly. The process involves the following steps: First, potential clients must provide personal information, including their full name, contact details, and email address. Next, applicants need to submit employment and financial information. Additionally, identity verification is required, which includes uploading a government-issued ID and proof of address. After the necessary documentation has been submitted, clients can begin trading once their account is activated. It’s worth noting that FXVC allows for account flexibility, enabling users to upgrade to a professional account later if their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 |
Tight spreads for major currency pairs |
| CFDs (Stocks) |
1.0 |
$0 |
Fixed spreads on popular stocks |
| CFDs (Indices) |
1.5 |
$0 |
Consistent spreads for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
FXVC aims for transparency with its fee structure. The broker does not charge deposit or withdrawal fees, making it easier for clients to manage their funds. However, there may be currency conversion fees if the base currency of the account differs from the withdrawal method. Inactivity fees are not applicable, allowing traders to maintain their accounts without added costs. Additionally, overnight interest (swap rates) may apply based on the positions held overnight, depending on the instruments traded.
