What Account Types and Fees Does iBroker Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, user-friendly platform |
Ideal for small-capital trading |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom solutions, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading |
Available upon request |
| Demo Account |
All trader levels |
Practice trading without risk |
Accessible to all users |
Account Opening Process
To open an account with iBroker, prospective clients must follow several steps. Initially, traders are required to provide personal information, including their name, address, and date of birth. Following this, employment details and financial information must be submitted to assess the applicant’s trading experience and financial standing. Identity verification is a critical step, necessitating the submission of a valid ID and proof of address, such as a utility bill. Once the documentation is reviewed and approved, the account will be activated. Additionally, clients have the option to upgrade to a professional account in the future, offering greater trading flexibility and advantages.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates |
| CFDs (Stocks) |
0.1% |
$0.02 per share |
Varies by stock |
| CFDs (Indices) |
0.5% |
$2 per contract |
Average spreads |
| CFDs (Commodities) |
1.5% |
$5 per contract |
Varies by commodity |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
iBroker charges certain fees that traders should be aware of. Deposit and withdrawal fees may apply depending on the chosen payment method. Inactivity fees are imposed on accounts that remain dormant for an extended period. There may also be platform usage fees depending on the trading platform selected, along with overnight interest, or swap rates, for positions held overnight. Currency conversion fees could apply when trading in currencies different from the account’s base currency.
