What Account Types and Fees Does London & Oxford Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposits, educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, reduced spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom trading solutions, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Available to all eligible traders |
| Demo Account |
New traders |
Practice trading with virtual funds |
Ideal for developing trading strategies |
Account Opening Process
Opening an account with London & Oxford involves a straightforward process. First, applicants must submit personal information, including their name, contact details, and date of birth. Next, employment and financial information is required to assess the trader’s profile. Identity verification is a crucial step, necessitating the provision of a government-issued ID and proof of address, such as a utility bill. It is important to note that traders can upgrade to a professional account later based on their trading activity and experience, offering flexibility in their trading journey.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing |
| CFDs (Stocks) |
0.1 |
$0.05 per share |
Varied availability based on market |
| CFDs (Indices) |
0.5 |
$1 per contract |
Standard charges |
| CFDs (Commodities) |
0.2 |
$0.02 per contract |
Market-driven spreads |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other potential costs. Deposit and withdrawal fees may apply, depending on the method of transfer. An inactivity fee is charged if the account remains dormant for a specified period. Additionally, there may be platform usage fees for premium services, as well as overnight interest (swap rates) on leveraged positions. Currency conversion fees might also apply for transactions conducted in different currencies.
