What Account Types and Fees Does GTS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and novice traders |
User-friendly platform, educational resources, and demo trading |
Ideal for small investment amounts and practice trading |
| Professional Account |
Experienced traders and professionals |
Access to advanced trading tools, higher leverage |
Requires verification of trading experience and volume |
| Corporate Account |
Corporate clients and institutions |
Customizable services, dedicated account management |
Requires corporate documentation and minimum balance |
| Islamic Account |
Traders seeking Sharia-compliant trading |
Swap-free trading options, no interest charges |
Available to clients who adhere to Islamic finance principles |
| Demo Account |
All traders for practice |
Risk-free trading environment with virtual funds |
Ideal for testing strategies without financial risk |
Account Opening Process
To open an account with GTS, prospective clients need to follow these steps:
1. Personal Information Submission: Provide personal details such as name, address, and contact information.
2. Employment Information: Disclose employment status and financial background.
3. Financial Information Submission: Share details about financial status and trading experience.
4. Identity Verification: Upload valid identification (passport or driver’s license) and proof of address (utility bill or bank statement).
5. Account Flexibility: Clients have the option to upgrade from a retail to a professional account as their trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minor pairs |
| CFDs (Stocks) |
Varies |
$5 per lot |
Spreads depend on liquidity |
| CFDs (Commodities) |
2.5 |
$5 per lot |
Standard spreads for major commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, GTS charges the following fees:
– Deposit/Withdrawal Fees: Charges may apply depending on the payment method used.
– Inactivity Fees: Accounts inactive for a period may incur monthly fees.
– Platform Usage Fees: Some premium features may require an additional subscription.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, varies by asset class.
– Currency Conversion Fees: Fees may apply for trades involving currency conversions.
