What Account Types and Fees Does Manulife Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail investors |
Low spreads, user-friendly platform, educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, access to advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant solutions |
Swap-free trading, competitive spreads |
Must comply with Sharia law requirements |
| Demo Account |
New traders and those testing strategies |
Practice trading without risk, access to all features |
No capital required, ideal for skill development |
Account Opening Process
To open an account with Manulife, prospective clients must follow a structured process that involves submitting personal, employment, and financial information. This includes providing identity verification documents such as a government-issued ID and proof of address. Clients will also need to submit their Social Insurance Number (SIN) as part of the application. The process is designed to be user-friendly, allowing for flexibility such as upgrading to a professional account later on if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for major pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varied spreads based on stock liquidity |
| CFDs (Commodities) |
0.2% |
$5 per lot |
Standardized spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Clients should be aware of additional costs associated with their Manulife accounts. These may include deposit and withdrawal fees, which vary depending on the payment method used. Inactivity fees may apply if the account remains dormant for an extended period. There might also be platform usage fees for certain trading tools or advanced features. Additionally, overnight interest charges (swap rates) may be incurred on positions held overnight, and currency conversion fees could apply when trading in different currencies.
