What Account Types and Fees Does Investago Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to various trading instruments |
Ideal for small-capital traders, no special documentation required |
| Professional Account |
Experienced traders |
Higher leverage options, personalized trading conditions |
Requires proof of trading experience and volume |
| Corporate Account |
Business entities |
Customizable solutions, advanced trading tools |
Requires corporate documentation and minimum deposit |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law, no overnight fees |
Available for Muslim traders, needs verification |
| Demo Account |
All traders for practice |
Access to virtual funds, risk-free trading environment |
No minimum deposit, ideal for testing strategies |
Account Opening Process
To open an account with Investago, users will need to follow a structured process that involves several steps. First, they must provide personal information, including their full name, date of birth, and contact details. Next, applicants are required to submit employment information, which may include their job title and employer details. Additionally, financial information such as trading experience, investment goals, and expected deposit amounts will also be collected.
Identity verification is a crucial step in this process. Users must upload documents such as a government-issued ID and proof of address, which can be a utility bill or bank statement. This is to ensure compliance with regulatory requirements.
Investago allows flexibility for traders; users can upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.5 |
$0 (ECN: $3.5/lot) |
Competitive spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Standard spread for minor pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock |
| CFDs (Indices) |
0.5% |
$2 per lot |
Standard rates apply |
| CFDs (Commodities) |
0.8% |
$3 per lot |
Subject to market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Investago also has several additional costs that clients should be aware of. Deposit and withdrawal fees may apply depending on the payment method chosen. Additionally, there might be inactivity fees for accounts that remain dormant for an extended period. Platform usage fees are not applicable, as the trading platforms are provided free of charge.
Overnight interest, known as swap rates, will be charged on positions held overnight unless a swap-free account is utilized. Finally, currency conversion fees may apply for transactions involving different currencies.
