What Account Types and Fees Does IBF Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for low-capital investments |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires proof of trading experience |
| Corporate Account |
Corporate clients |
Custom solutions, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading options |
Must provide relevant religious documentation |
| Demo Account |
Traders at any skill level |
Practice trading without risk, access to real-time data |
Ideal for testing strategies and learning |
Account Opening Process
To open an account with IBF Securities, prospective clients must complete several steps. The first step involves submitting personal information, including full name, date of birth, and contact details. Next, applicants must provide employment information, such as employer name and position, to verify their financial background. Additionally, financial information is required to assess the applicant’s trading experience and risk tolerance.
Identity verification is a crucial part of the process. Applicants must submit a valid form of identification, such as a passport or national ID, along with proof of address, which can be evidenced through a utility bill or bank statement. It is important to note that IBF Securities allows flexibility in account management, enabling clients to upgrade from a retail to a professional account as their trading experience and needs evolve.
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 conditions for popular pairs |
| CFDs (Stocks) |
0.1% |
$10 per lot |
Access to major global stocks |
| CFDs (Indices) |
0.5% |
$5 per lot |
Variety of indices available |
| CFDs (Commodities) |
1.5% |
$8 per lot |
Includes major commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
IBF Securities also imposes additional costs that traders should be aware of. Deposit and withdrawal fees may apply, which can vary based on the payment method. There are also inactivity fees for accounts that remain dormant for an extended period, potentially affecting long-term investors. Furthermore, users may incur platform usage fees depending on the trading tools utilized.
Overnight interest, commonly referred to as swap rates, may be charged or credited depending on the positions held overnight. Additionally, currency conversion fees could apply when trading in different currencies, which is important for international investors to consider.
