What Account Types and Fees Does G FOREX Trade Market Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Cent Account |
Beginner traders |
Low minimum deposit, suitable for small-scale trading |
Ideal for practice with a minimum deposit of $10 |
| Standard Account |
Retail traders |
Competitive spreads, no commissions |
Requires a minimum deposit of $500 |
| Pro Account |
Experienced traders |
Low spreads, no commissions |
Minimum deposit of $500 required |
| Raw Account |
Active traders |
Very low spreads, commissions apply |
Minimum deposit of $500 required |
| Insurance Account |
Professionals and corporations |
Low spreads, commissions apply |
Minimum deposit of $500 required |
Account Opening Process
To open an account with G FOREX Trade Market, prospective clients need to follow a straightforward process. First, they must submit personal information, which includes their name, email address, and phone number. Next, employment and financial information should be provided to assess trading experience and financial capability. Identity verification is a crucial step, requiring valid identification and proof of address. Once the account is opened, clients may have the option to upgrade to a professional account in the future, depending on their trading volume and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 1.0 |
$0 (for Standard and Pro Accounts) |
Competitive spreads for major pairs |
| Forex (Minor Pairs) |
Varies |
$0 |
Higher spreads for less liquid pairs |
| CFDs (Stocks, Indices, Commodities) |
Varies |
Commission applies for Raw and Insurance Accounts |
Spreads and commissions depend on the asset |
| Cryptocurrencies |
Varies |
Commission applies for Raw and Insurance Accounts |
Variable spreads based on market conditions |
Other Fees
Traders should be aware of additional fees that may apply when using G FOREX Trade Market. These can include deposit and withdrawal fees, which vary depending on the payment method. Inactivity fees may also be charged if an account remains dormant for an extended period. Additionally, there may be platform usage fees for specific services or tools. Traders should also consider overnight interest (swap rates) for positions held beyond the trading day, as well as potential currency conversion fees for transactions in different currencies.
