What Account Types and Fees Does Kyogin Securities Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for small-capital practice |
| Professional Account |
Experienced traders and institutional clients |
Higher leverage, lower spreads |
Requires proof of trading experience or volume qualifications |
| Corporate Account |
Corporate clients and businesses |
Customized services, tailored trading solutions |
Requires corporate documentation and verification |
| Islamic Account |
Islamic traders seeking swap-free options |
Compliance with Sharia law, no overnight interest |
Available to eligible Islamic traders upon request |
| Demo Account |
New traders and those testing strategies |
Risk-free trading environment, virtual funds |
Available for all users to practice trading |
Account Opening Process
To open an account with Kyogin Securities, follow these steps:
1. Complete the online application form by providing personal information, including your name, address, and contact details.
2. Submit employment details and financial information to verify your trading capacity.
3. Provide identity verification documents, such as a government-issued ID and proof of address (utility bill or bank statement).
4. Review and accept the terms and conditions before submitting your application.
Account flexibility is also offered, allowing you to upgrade from a retail to a professional account in the future based on your trading experience and volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/JPY) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
0.5 |
$10 per lot |
Varies with stock price and liquidity |
| CFDs (Commodities) |
1.5 |
$2 per lot |
Includes gold and oil |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Kyogin Securities implements several other costs:
– Deposit and withdrawal fees may apply, particularly for certain payment methods.
– An inactivity fee is charged if the account remains dormant for an extended period.
– Platform usage fees are not applicable, as the trading platform is provided free of charge.
– Overnight interest (swap rates) may be charged or credited based on the positions held overnight.
– Currency conversion fees apply for transactions involving different currencies.
