What Account Types and Fees Does GrowPro Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Low minimum deposit |
Suitable for small-capital practice |
| Bronze Account |
Intermediate Traders |
Enhanced features |
Minimum deposit of 2500 euros required |
| Silver Account |
Experienced Traders |
Better spreads |
Minimum deposit of 10,000 euros required |
| Gold Account |
Advanced Traders |
Further reduced spreads |
Minimum deposit of 50,000 euros required |
| Platinum Account |
Professional Traders |
Premium services |
Minimum deposit of 200,000 euros required |
| Diamond Account |
High Net Worth Individuals |
Exclusive benefits |
Minimum deposit of 500,000 euros required |
Account Opening Process
To open an account with GrowPro Markets, prospective clients need to follow several steps. First, they must submit personal information, including their name, contact details, and date of birth. Next, employment information should be provided, along with financial details to assess trading experience and suitability. Identity verification is also required, which typically includes submitting a government-issued ID and proof of address. Clients have the option to upgrade their account to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
2.0 |
$0 |
Standard spreads for major currency pairs |
| CFDs (Stocks, Indices) |
Varies |
$0 |
Spreads depend on the specific asset |
| Cryptocurrencies |
Varies |
$0 |
Variable spreads based on market conditions |
Other Fees
Clients should be aware of potential other fees associated with trading on GrowPro Markets. These may include deposit and withdrawal fees, which could apply depending on the chosen payment method. Additionally, inactivity fees may be charged if an account remains dormant for an extended period. There may also be overnight interest charges (swap rates) applicable for positions held overnight, as well as currency conversion fees for trades involving different currencies.
