What Account Types and Fees Does IFA Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner to intermediate traders |
Low minimum deposit, access to educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, multiple access points |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading, no interest charges |
Available upon request for eligible clients |
| Demo Account |
All levels of traders |
Practice trading without financial risk |
Ideal for testing strategies and platform |
Account Opening Process
To open an account with IFA, you will need to follow several steps. Start by submitting your personal information, which includes your name, contact details, and date of birth. Next, you will provide employment and financial information to give the broker insight into your trading capabilities and experience.
Identity verification is a crucial part of the process. You will be required to submit a government-issued ID and proof of address, such as a recent utility bill or bank statement.
Once your account is set up, you have the flexibility to upgrade to a professional account later, should you meet the necessary trading volume and experience criteria.
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 pricing for minors |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varied spreads based on stock liquidity |
| CFDs (Indices) |
1.2 |
$2 per lot |
Standard spreads for major indices |
| CFDs (Commodities) |
2.0 |
$4 per lot |
Variable spreads depending on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
When trading with IFA, it is essential to be aware of additional costs that may apply. These include deposit and withdrawal fees, which can vary based on the method used. An inactivity fee may be charged if there are no trading activities for a specific period.
Platform usage fees may apply, depending on the services you choose to utilize. Additionally, overnight interest (swap rates) can affect your positions if held after market close, and currency conversion fees may be incurred for trades involving different currencies.
