What Account Types and Fees Does Head & Shoulders Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Individual Cash Account |
Beginners or investors wanting to trade without leverage |
No leverage, lower risk, easy access |
Ideal for small-capital practice |
| Individual Margin Account |
Experienced traders looking to trade on margin |
Access to leverage, higher potential returns |
Requires trading experience and understanding of margin risks |
| Corporate Cash Account |
Companies wanting to trade securities without using leverage |
No leverage, suitable for conservative corporate trading |
Corporate documentation required |
| Corporate Margin Account |
Companies seeking margin financing and leveraged trading |
Access to margin, enhanced trading capabilities |
Requires corporate trading volume qualifications |
Account Opening Process
To open an account with Head & Shoulders, prospective clients must follow these steps: first, they need to submit personal information, including their name, date of birth, and contact details. Next, applicants should provide employment details, such as their job title and employer information. Financial information regarding income and asset status is also necessary.
Identity verification is essential, requiring submission of a government-issued ID and proof of address (like a utility bill). Once the initial account is set up, clients have the flexibility to upgrade to a professional account as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
Variable |
0.1% |
Commission based on trade size |
| CFDs (Indices) |
1.5 |
$1 per lot |
Standard commission structure |
| CFDs (Commodities) |
2.0 |
$2 per lot |
Variable based on commodity |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Head & Shoulders also imposes several additional fees that traders should be aware of, including:
– Deposit/withdrawal fees: Generally not charged, but bank withdrawal may take 1-2 business days.
– Inactivity fees: May apply if the account remains dormant for an extended period.
– Platform usage fees: Not explicitly mentioned, indicating zero fees for standard usage.
– Overnight interest (swap rates): Applicable based on the position held overnight.
– Currency conversion fees: May incur when trading in different currencies.
