What Account Types and Fees Does I-Access Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Designed for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, tailored services |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customizable solutions, advanced trading options |
Requires corporate documentation |
| Islamic Account |
Traders following Sharia law |
Swap-free trading options |
Must provide documentation for eligibility |
| Demo Account |
All traders |
Practice trading with virtual funds |
No capital requirement; ideal for testing strategies |
Account Opening Process
To open an account with I-Access, potential clients must follow a straightforward process. First, they need to submit personal information, including their name, contact details, and employment information. Next, applicants must provide financial information to assess their trading experience and potential risk profile.
Identity verification is crucial; traders will need to submit a valid ID and proof of address, such as a utility bill or bank statement. This step ensures compliance with anti-money laundering regulations. I-Access also offers account flexibility, allowing users to upgrade to a professional account later if they meet 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 (Stocks) |
0.3% |
$5 per order |
Applicable to major stocks |
| CFDs (Indices) |
0.5% |
$5 per order |
Standard rates for index trading |
| CFDs (Commodities) |
1.0% |
$5 per order |
Includes major commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, traders should be aware of several other costs associated with their accounts at I-Access. These include:
– Deposit and withdrawal fees, which may vary depending on the payment method used.
– Inactivity fees that apply when an account remains dormant for an extended period.
– Platform usage fees if applicable, though specific details are not disclosed.
– Overnight interest (swap rates) on positions held overnight, which can affect trading profitability.
– Currency conversion fees for trades conducted in different currencies.
