What Account Types and Fees Does IronTrade Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Low minimum deposit of $10, access to all trading assets |
Ideal for small-capital practice, no trading volume requirements |
| VIP Account |
Experienced Traders |
Higher payout percentages, faster withdrawal processing |
Requires a minimum deposit of $900, suitable for higher trading volumes |
| Demo Account |
New Traders |
Practice trading without risking real money |
Accessible to all users, perfect for testing strategies |
Account Opening Process
To open an account with IronTrade, follow these steps: First, complete the registration form with your personal information, including name, email, and phone number. Next, provide employment details and financial information to assess your trading experience and suitability. After submitting the information, you will need to verify your identity by providing a government-issued ID and proof of address. Once your identity is confirmed, you can start trading with your new account. Note that you have the flexibility to upgrade to a professional account later as your trading experience grows.
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 for major pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varies by stock |
| CFDs (Indices) |
1.2 |
$3 per lot |
Includes major indices |
| CFDs (Commodities) |
2.0 |
$4 per lot |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
IronTrade imposes various fees that traders should be aware of. Deposits and withdrawals might incur fees depending on the method used, particularly for e-wallets. Inactivity fees apply after 6 months of account dormancy. There may be platform usage fees for advanced functionalities, and traders should also consider overnight interest (swap rates) when holding positions overnight. Currency conversion fees may apply if trading in a currency different from the account’s base currency.
