What Account Types and Fees Does KGI FUTURES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, standard leverage |
Suitable for traders with small capital |
| Professional Account |
Experienced traders |
Higher leverage, exclusive market access |
Requires proof of trading experience |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading |
Must provide relevant religious documentation |
| Demo Account |
All trader levels |
Practice trading with virtual funds |
No deposit required, time-limited access |
Account Opening Process
To open an account with KGI FUTURES, you need to follow several steps. First, you will submit your personal information, including your name, contact details, and date of birth. Next, you’ll provide employment details, which may include your job title and employer information. After that, financial information such as your income and trading experience will be required. Additionally, identity verification is necessary, which involves submitting documents like a government-issued ID and proof of address. KGI FUTURES offers account flexibility, allowing traders to upgrade to a professional account later as their trading experience and capital grow.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minor pairs |
| CFDs (Stocks) |
0.5 |
$0.02 per share |
Varies by stock |
| CFDs (Indices) |
1.5 |
$1 per contract |
Based on index type |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, KGI FUTURES may charge for deposits and withdrawals, though specific fees are not clearly outlined. An inactivity fee may apply if the account remains dormant for an extended period. Platform usage fees are generally not applicable, as KGI FUTURES provides its proprietary trading platform. Overnight interest, also known as swap rates, may apply depending on the positions held. Additionally, currency conversion fees could be incurred when trading in different currency pairs.
