What Account Types and Fees Does Goodwill Gold Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for small capital trading |
| Professional Account |
Experienced traders and institutions |
High leverage, lower spreads, advanced tools |
Requires proof of trading experience |
| Corporate Account |
Businesses and corporate clients |
Custom trading solutions, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders adhering to Sharia law |
Swap-free options, compliant with Islamic finance principles |
Available upon request |
| Demo Account |
New traders and those testing strategies |
Practice trading without risk, full access to trading features |
Unlimited duration for practice |
Account Opening Process
To open an account with Goodwill Gold, potential clients must follow a structured process. First, traders will need to submit personal information, which includes their name, contact details, and date of birth. Secondly, employment information, such as occupation and employer details, must be provided. Thirdly, financial information, including trading experience and financial status, is required.
Identity verification is crucial, necessitating the submission of identification documents, like a government-issued ID and proof of address (e.g., utility bill or bank statement).
Goodwill Gold offers account flexibility, allowing clients to upgrade from a retail to a professional account later, subject to meeting the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Gold) |
0.5 |
$0 |
Fixed spreads for precious metals |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Goodwill Gold has several additional fees that traders should be aware of.
– Deposit/Withdrawal Fees: No fees for deposits via bank transfers; however, withdrawals under certain conditions may incur a handling fee of 6%.
– Inactivity Fees: An inactivity fee may apply if there are no trading activities for a specified period.
– Platform Usage Fees: There are no platform usage fees applicable.
– Overnight Interest (Swap Rates): Standard swap rates apply for positions held overnight, varying by instrument.
– Currency Conversion Fees: Fees may apply when trading in currencies other than the account’s base currency.
