What Account Types and Fees Does International Asset Bank Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and individual traders |
Designed for small trading volumes and straightforward trading strategies |
Suitable for clients starting their trading journey |
| Professional Account |
Experienced traders |
Higher leverage and access to advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and solutions for business needs |
Requires corporate documentation |
| Islamic Account |
Clients seeking swap-free trading |
Compliance with Sharia law for trading |
Available upon request |
| Demo Account |
All traders |
Practice trading without financial risk |
Ideal for testing strategies and the trading platform |
Account Opening Process
To open an account with International Asset Bank, clients must submit personal, employment, and financial information. This includes providing identity verification documents such as an ID and proof of address. The process is designed to ensure security and compliance. Clients should note that there is flexibility in account types, allowing for upgrades to a professional account later on if trading volume increases or needs change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
[Spread] |
[Commission] |
Tight spreads for major currency pairs |
| Forex (Minor Pairs) |
[Spread] |
[Commission] |
Variable spreads depending on market conditions |
| CFDs (Stocks) |
[Spread] |
[Commission] |
Competitive rates for trading stocks |
| CFDs (Indices) |
[Spread] |
[Commission] |
Varied spreads based on index volatility |
| CFDs (Commodities) |
[Spread] |
[Commission] |
Includes popular commodities like gold and oil |
| Cryptocurrencies |
[Spread] |
[Commission] |
Variable based on market volatility |
Other Fees
Clients should be aware of additional fees that may apply, including deposit and withdrawal fees, inactivity fees, and any platform usage fees that might be incurred. Overnight interest, also known as swap rates, may apply depending on the account type and positions held. Additionally, currency conversion fees may be applicable when trading in different currencies.
