What Account Types and Fees Does ITB Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low initial deposit, user-friendly platform |
Ideal for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, access to advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, tailored trading solutions |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Islamic finance principles |
Available upon request |
| Demo Account |
Traders looking to practice |
Risk-free environment, virtual funds |
Great for testing strategies without real capital |
Account Opening Process
To open an account with ITB Broker, clients will need to follow several steps. Initially, personal information must be submitted, which includes details such as name, address, and contact information. Following this, employment and financial information will be required to assess the client’s trading experience and financial situation. Identity verification is a crucial step, where clients must provide a form of identification and a proof of address. This ensures compliance with the broker’s identity verification processes. Once the initial account is set up, clients may have the flexibility to upgrade to a professional account in the future, depending on their trading activity and qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
Varies |
$0 |
Tight spreads for majors |
| CFDs (Stocks) |
Varies |
$0 |
Competitive pricing on major stocks |
| CFDs (Indices) |
Varies |
$0 |
Access to global indices |
| CFDs (Commodities) |
Varies |
$0 |
Includes major commodities |
| Cryptocurrencies (BTC/USD) |
Varies |
$0 |
Dynamic spreads based on market conditions |
Other Fees
In addition to trading fees, clients should be aware of other potential costs associated with their accounts. These may include deposit and withdrawal fees, which can vary depending on the method used. Inactivity fees might apply if the account remains dormant for an extended period. Additionally, platform usage fees could be relevant if applicable. Clients should also consider overnight interest (swap rates) on positions held overnight, as well as currency conversion fees that may occur when trading in different currencies.
