What Account Types and Fees Does LONG ASIA Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Cent Account |
Beginners and experienced traders |
Low minimum deposit, commission-free trading |
Ideal for testing strategies with a small capital investment |
| Standard Account |
General traders |
No commissions, flexible spreads |
Popular choice for straightforward trading experience |
| ECN Account |
Advanced traders |
Tight spreads from 0.0 pips, low commissions |
Requires a higher level of trading experience and capital |
Account Opening Process
The account opening process with LONG ASIA involves several straightforward steps. Initially, potential clients must create a profile on the LONG ASIA client portal. After that, users need to select their desired account type. Following this, they will submit personal, employment, and financial information for review. Identity verification is essential, requiring a valid ID and proof of address. Once the account is approved, clients can fund their trading accounts and log in to the MetaTrader platform to begin trading. Additionally, clients have the flexibility to upgrade to a professional account later if they meet the requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 (Cent/Standard), $8 (ECN) |
Commission-free for Cent and Standard accounts |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$0 (Cent/Standard), $8 (ECN) |
Variable spreads based on market conditions |
| Cryptocurrencies |
Varies |
$0 (Cent/Standard), $8 (ECN) |
Commission applies for ECN account |
Other Fees
LONG ASIA may have various other fees that traders should be aware of. These may include deposit and withdrawal fees, which can vary based on the payment method chosen. Additionally, there may be inactivity fees for dormant accounts. Any platform usage fees related to trading may also apply. Overnight interest, or swap rates, can be charged on positions held overnight, and currency conversion fees may occur when trading in different currencies.
