What Account Types and Fees Does LUKFOOK FINANCIAL Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and experienced traders |
Accessible with low minimum deposit |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage options |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services for businesses |
Requires corporate documentation |
| Demo Account |
All traders |
Practice trading without financial risk |
Available for all users |
Account Opening Process
To open an account with LUKFOOK FINANCIAL, prospective clients need to follow these steps: begin by selecting the desired account type, either individual or corporate. Next, gather the necessary documentation: for individual accounts, this includes personal information such as name, date of birth, and nationality, along with valid identification and proof of address. For corporate accounts, similar personal information is required along with the company’s registration documents. Applications can be submitted online for individual accounts or through an appointment for corporate accounts. In-person applications are also accepted at a LUKFOOK branch, or via postal delivery of the completed forms and required documentation. Once the application is processed, clients will receive confirmation and their accounts will be activated. There is flexibility in account types, allowing for upgrades to professional accounts as trading experience grows.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Variable |
$0 |
Competitive rates for major pairs |
| CFDs (Stocks, Indices, Commodities) |
Variable |
Negotiable |
Includes various asset classes |
| Cryptocurrencies |
Variable |
$0 |
Dependent on market conditions |
Other Fees
Additional fees may include: deposit and withdrawal fees based on the chosen payment method, inactivity fees for dormant accounts, platform usage fees if applicable, overnight interest (swap rates) on positions held overnight, and currency conversion fees for transactions in different currencies.
