What Account Types and Fees Does IFA Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and experienced retail traders |
Low spreads, access to all trading instruments |
Suitable for small to medium capital investments |
| Professional Account |
Experienced traders with substantial capital |
Higher leverage, tighter spreads, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customizable services, dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Traders needing Sharia-compliant services |
Swap-free trading options |
Available to clients who adhere to Islamic finance principles |
| Demo Account |
New traders and those testing strategies |
Practice trading with virtual funds |
No financial commitment required, ideal for skill development |
Account Opening Process
To open an account with IFA, prospective clients should follow a structured process:
1. Submit personal information including name, email, and phone number.
2. Provide employment and financial information to assess suitability for trading.
3. Complete identity verification by providing a valid ID and proof of address.
4. Clients have the option to upgrade to a professional account later, based on their trading activity and qualifications.
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 rates for most trades |
| CFDs (Gold) |
0.2 |
$0 (ECN: $2/lot) |
Low spreads on commodities |
| CFDs (Oil) |
0.03 |
$0 (ECN: $2/lot) |
Excellent liquidity for oil trades |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable spread depending on volatility |
Other Fees
In addition to trading fees, clients should be aware of other costs associated with their accounts:
– Deposit/Withdrawal Fees: May vary based on the payment method used.
– Inactivity Fees: Charged if the account remains dormant for an extended period.
– Platform Usage Fees: Not applicable; IFA offers free access to the trading platform.
– Overnight Interest (Swap Rates): Applicable based on positions held overnight.
– Currency Conversion Fees: May apply when trading in currencies different from the account base currency.
