What Account Types and Fees Does Leverate Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Lower capital requirement, access to various trading instruments |
Suitable for traders starting with smaller investments |
| Professional Account |
Experienced traders |
Tighter spreads, enhanced trading conditions |
Requires meeting trading volume qualifications |
| Corporate Account |
Corporate clients |
Customizable services, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Available to clients adhering to Islamic finance principles |
| Demo Account |
All traders |
Practice trading with virtual funds |
Ideal for gaining experience without financial risk |
Account Opening Process
Opening an account with Leverate is a straightforward process that involves several key steps. First, potential clients must submit personal information, including their full name, email address, and contact details. Following this, users will need to provide employment and financial information to establish their trading profile. Identity verification is also an essential part of the process, requiring the submission of identification documents and proof of address to confirm the applicant’s identity. Once the account is verified, traders can enjoy the flexibility of upgrading to a professional account in the future if their trading activity meets the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
1.2 |
$0 (ECN: $3.5/lot) |
Competitive spreads for major pairs |
| CFDs (Indices, Commodities) |
Varies |
Variable depending on account type |
Market conditions may affect spreads |
| Cryptocurrencies |
Varies |
Variable |
Commission may depend on the specific asset |
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 payment method used. Inactivity fees may apply if accounts remain dormant for an extended period. Traders should also consider any platform usage fees that may be applicable. Overnight interest, or swap rates, may be charged for positions held overnight, and clients should be aware of potential currency conversion fees when trading in different currencies.
