What Account Types and Fees Does IBH Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of trading instruments |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Potential for higher leverage and lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and trading conditions |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law |
Available upon request |
| Demo Account |
All traders |
Practice trading without financial risk |
Ideal for testing strategies |
Account Opening Process
To open an account with IBH, clients need to follow a straightforward process. This typically involves submitting personal information, including name, contact details, and employment information. Additionally, financial information may be required to assess suitability for trading. Identity verification is an essential step, which includes providing a valid ID and proof of address. After the initial account setup, clients may have the flexibility to upgrade to a professional account later based on their trading activity and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
Varies |
Tight spreads available for major pairs |
| CFDs (Stocks, Indices, Commodities) |
Varies |
Varies |
Dependent on specific assets |
| Cryptocurrencies |
Varies |
Varies |
Market conditions affect spreads |
Other Fees
IBH may charge various fees related to trading activities. These can include deposit and withdrawal fees, which are contingent upon the chosen payment methods. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, there might be platform usage fees if applicable, as well as overnight interest known as swap rates for positions held overnight. Currency conversion fees may also be incurred when trading in different currencies.
