What Account Types and Fees Does GAIN Capital Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Flexible minimum deposits, user-friendly platform |
Suitable for small-capital trading |
| Professional Account |
Experienced traders |
Low spreads, high leverage |
Requires trading volume qualifications |
| Corporate Account |
Business entities |
Customizable services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
No overnight fees, compliant with Sharia law |
Available to clients adhering to Islamic finance principles |
| Demo Account |
New traders wanting to practice |
Risk-free trading environment, virtual funds |
Ideal for practicing strategies without real capital |
Account Opening Process
To open an account with GAIN Capital, prospective traders must follow several steps to ensure compliance with regulatory requirements. The process includes submitting personal, employment, and financial information. After creating an account, identity verification is necessary, requiring documentation such as a government-issued ID and proof of address. Once verified, traders can start with their chosen account type. GAIN Capital also allows for account flexibility, enabling users to upgrade to a professional account if they meet the necessary criteria later on.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 |
Tight spreads for major pairs |
| CFDs (S&P 500) |
1.0 |
$0 |
Variable spreads depending on market conditions |
| Commodities (Gold) |
1.5 |
$0 |
Competitive pricing |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Varies depending on volatility |
Other Fees
Traders should be aware of additional fees that may apply when using GAIN Capital’s services. These include deposit and withdrawal fees, which can vary based on the payment method. Inactivity fees may also be charged if an account remains dormant for an extended period. Additionally, overnight interest (swap rates) may be applicable on certain trades, and currency conversion fees can apply when trading in different currencies. Understanding these costs is essential for effective account management.
