What Account Types and Fees Does GLX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and casual traders |
No commission, spreads starting from 1 pip |
Minimum deposit of $200, suitable for less frequent trading |
| Raw Spread Account |
Experienced traders |
Low spreads from 0.0 pips, commission of $3.5 per lot |
Requires higher trading volume for optimal use |
| Demo Account |
New traders and those testing strategies |
Access to full trading features without risk |
Designed for educational purposes only |
Account Opening Process
To open an account with GLX, users must follow a straightforward process. Initially, they will need to provide personal information, including their name, address, and contact details. Next, employment and financial information must be submitted to assess the applicant’s trading knowledge and experience. Identity verification is mandatory, requiring valid identification and proof of address, such as a utility bill. GLX offers account flexibility, allowing users to upgrade to a Professional Account later if their trading volume and experience meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.1 |
$0 (Standard), $3.5 (Raw Spread) |
Tight spreads for major pairs |
| CFDs (Stocks) |
0.5 |
$0 |
Varied assets available |
| CFDs (Indices) |
0.8 |
$0 |
Includes major global indices |
| CFDs (Commodities) |
1.0 |
$0 |
Includes gold and oil |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
GLX imposes several additional costs that traders should be aware of. There are no deposit or withdrawal fees, making it easier for users to manage their funds. However, an inactivity fee may apply if the account remains dormant for an extended period. While there are no platform usage fees, traders should consider overnight interest charges (swap rates) applicable on positions held overnight. Currency conversion fees may also apply depending on the deposit method used.
