What Account Types and Fees Does Goldwell Capital Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Access to various trading instruments |
Suitable for small-capital practice |
| Professional Account |
Experienced Traders |
Enhanced features for professional trading |
Requires trading volume qualifications |
| Corporate Account |
Corporate Clients |
Customizable services for businesses |
Requires corporate documentation |
| Islamic Account |
Muslim Traders |
Swap-free trading options |
Applicable for traders seeking compliance with Sharia law |
| Demo Account |
New Traders |
Practice trading without risk |
Useful for testing strategies and platform features |
Account Opening Process
To open an account with Goldwell Capital, traders must follow several steps. First, they will need to submit personal information, which includes details such as their name, contact information, and date of birth. Next, employment information should be provided, detailing the trader’s occupation and employer. Finally, financial information must be submitted, outlining the trader’s financial background and trading experience. Additionally, identity verification is required, necessitating the submission of a government-issued ID and proof of address. Goldwell Capital also allows account flexibility, meaning traders can upgrade to a professional account at a later stage if they meet the necessary requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.8 |
$0 |
Standard spreads for major pairs |
| Forex (USD/JPY) |
1.8 |
$0 |
Standard spreads for major pairs |
| CFDs (Gold) |
0.5 |
$0 |
Competitive pricing |
| CFDs (Silver) |
0.04 |
$0 |
Competitive pricing |
Other Fees
Traders should also be aware of additional fees that may apply. These can include deposit and withdrawal fees, which vary depending on the payment method used. Inactivity fees may also be charged if an account remains dormant for an extended period. Additionally, there could be platform usage fees depending on the services accessed. Overnight interest, known as swap rates, may apply to positions held overnight, and currency conversion fees might be incurred when trading in different currencies.
