What Account Types and Fees Does HoxtonWealth Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
User-friendly interface, educational resources, low minimum deposit |
Ideal for those starting with small capital |
| Professional Account |
Experienced traders |
Higher leverage, access to advanced trading tools, reduced spreads |
Requires a minimum trading volume qualification |
| Corporate Account |
Businesses and corporate clients |
Customized trading solutions, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders requiring Sharia-compliant services |
Swap-free trading, no overnight interest |
Available upon request for eligible clients |
| Demo Account |
All types of traders |
Practice trading with virtual funds, risk-free environment |
Ideal for testing strategies without financial risk |
Account Opening Process
To open an account with HoxtonWealth, prospective clients must follow these steps: First, submit personal information such as name, email, and phone number. Next, provide employment details and financial information to assess suitability for trading. Identity verification is crucial; clients need to submit a government-issued ID and proof of address. After completing these steps, clients can choose to start with a Retail Account or upgrade to a Professional Account later if they meet the necessary criteria. This flexibility allows traders to adapt their accounts 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 for minor pairs |
| CFDs (Stocks) |
0.1% |
$1.50 per lot |
Varies by stock volatility |
| CFDs (Indices) |
0.5% |
$1.00 per lot |
Standard fees apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
HoxtonWealth has additional costs that clients should be aware of. These include deposit and withdrawal fees which may vary depending on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Users should also be mindful of platform usage fees, if applicable, and overnight interest charges, also known as swap rates, for positions held overnight. Additionally, currency conversion fees may be incurred when trading in a different currency than the account’s base currency.
