What Account Types and Fees Does Mansa-X Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of trading instruments |
Suitable for those starting their trading journey |
| Professional Account |
Experienced traders |
Potential for higher leverage and lower spreads |
Requires proof of trading experience or volume |
| Corporate Account |
Corporate clients |
Customized services and support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free trading |
Compliance with Sharia law |
Available upon request |
| Demo Account |
All traders |
Practice trading without financial risk |
Ideal for testing strategies and the platform |
Account Opening Process
To open an account with Mansa-X, prospective clients must follow a straightforward process. Initially, they will be required to submit personal information, including their name, address, and contact details. Following this, applicants must provide employment and financial information to assess their trading profile. Additionally, identity verification is crucial; clients must submit valid identification and proof of address to confirm their identity. Mansa-X allows flexibility within its account offerings, enabling traders to upgrade to a professional account as their experience and trading volume grow.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 |
Competitive pricing available |
| CFDs (Stocks) |
1.5 |
$5 |
Varies based on the stock |
| CFDs (Indices) |
1.0 |
$3 |
Common indices available |
| CFDs (Commodities) |
2.0 |
$4 |
Includes major commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Clients should be aware of additional fees that may apply when trading with Mansa-X. These include deposit and withdrawal fees, which can vary based on the payment method used. Inactivity fees may also be charged on accounts that remain dormant for an extended period. Additionally, there could be platform usage fees depending on the tools and resources accessed. Traders should also consider overnight interest (swap rates) for positions held beyond the trading day. Lastly, currency conversion fees may apply when trading in different currencies.
