What Account Types and Fees Does Liirat Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and intermediate traders |
User-friendly platform with competitive spreads |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Access to tighter spreads and advanced trading tools |
Requires higher trading volume qualifications |
| Corporate Account |
Corporate clients |
Customizable trading solutions and services |
Requires corporate documentation |
| Demo Account |
New traders |
Risk-free environment to practice trading |
Suitable for testing strategies without financial risk |
Account Opening Process
To open an account with Liirat, prospective traders must follow several steps. Initially, they need to provide their personal information, including name, email, and contact details. Following this, users must submit employment and financial background information to assess their trading profile. Identity verification is a crucial part of the process, requiring documents such as a government-issued ID and proof of address. Once the initial account is set up, clients have the flexibility to upgrade to a professional account if they meet the necessary criteria later on.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Competitive pricing for popular pairs |
| CFDs (Stocks, Indices) |
Varies |
Variable |
Fees applicable based on the specific instrument |
| Commodities |
Varies |
Variable |
Fees depend on the commodity traded |
| Cryptocurrencies |
Varies |
Variable |
Trading costs fluctuate with market conditions |
Other Fees
Liirat may impose various additional fees that traders should consider. These include deposit and withdrawal fees, which can vary depending on the chosen payment method. Inactivity fees may apply if an account remains dormant for an extended period. Furthermore, platform usage fees may be applicable, as well as overnight interest (swap rates) for positions held beyond a trading day. Lastly, currency conversion fees could be incurred for transactions involving different currencies.
