What Account Types and Fees Does Iwai Cosmo Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads and user-friendly platform |
Suitable for small investments and practice |
| Professional Account |
Experienced traders and high-volume investors |
Higher leverage and tighter spreads |
Requires minimum trading volume qualifications |
| Corporate Account |
Businesses and institutional clients |
Customized services and account management |
Requires corporate documentation for setup |
| Islamic Account |
Traders requiring Sharia-compliant trading |
Swap-free trading conditions |
Available upon request, subject to verification |
| Demo Account |
New traders and those testing strategies |
No risk, practice trading with virtual funds |
Available to all prospective clients |
Account Opening Process
To open an account with Iwai Cosmo, follow these steps:
1. Visit the Website: Go to the Iwai Cosmo website and locate the account registration section.
2. Complete the Application Form: Fill out the form with personal, employment, and financial information accurately.
3. Submit Required Documentation: Provide identity verification documents, including an ID and proof of address.
4. Identity Verification: Ensure all submitted documents meet the Know Your Customer (KYC) requirements.
5. Approval and Funding: Wait for account approval, which may take a few days, and then follow instructions to fund your account.
6. Account Flexibility: You can upgrade to a professional account later if your trading volume increases.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (USD/JPY) |
0.7 |
$0 (ECN: $3.5/lot) |
Competitive pricing for key pairs |
| CFDs (Stocks) |
1.2 |
$1.5 per lot |
Varied per stock, refer to platform |
| CFDs (Indices) |
1.0 |
$1.0 per lot |
Includes major global indices |
| CFDs (Commodities) |
2.0 |
$1.0 per lot |
Includes oil and gold |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, Iwai Cosmo has several other costs to consider:
– Deposit/Withdrawal Fees: May apply depending on the payment method used.
– Inactivity Fees: Charged if there is no trading activity within a specified period.
– Platform Usage Fees: Applicable for certain trading tools or advanced features.
– Overnight Interest (Swap Rates): Charges or credits for positions held overnight, dependent on market conditions.
– Currency Conversion Fees: Applied when trading in currencies different from the account’s base currency.
