What Account Types and Fees Does i-NET Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low spreads, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires a minimum trading volume |
| Corporate Account |
Corporate clients |
Custom services, multi-user access |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Available for eligible clients |
| Demo Account |
New traders and those testing strategies |
Practice trading without risk |
Free access to a simulated trading environment |
Account Opening Process
To open an account with i-NET, users need to follow a straightforward process. First, they must submit personal information, including their name, address, and contact details. Next, employment and financial information is required to assess the applicant’s trading background and financial capability. After that, identity verification is necessary, which includes providing a government-issued ID and proof of address, such as a utility bill or bank statement. It’s important to note that i-NET offers account flexibility, allowing users to upgrade to a professional account or switch between account types as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.7 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/JPY) |
2.0 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Indices) |
1.5 |
$0 |
Standard spreads for indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, traders at i-NET should be aware of other potential costs. Deposit and withdrawal fees may apply depending on the method used. There is an inactivity fee for accounts that remain dormant for an extended period. While i-NET does not charge platform usage fees, traders should consider overnight interest (swap rates) for positions held overnight. Lastly, currency conversion fees may apply for transactions involving different currencies.
