What Account Types and Fees Does Maxwell Global Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and Casual Traders |
Access to diverse trading instruments and educational resources |
Suitable for those starting out in trading |
| Professional Account |
Experienced Traders |
Potentially lower spreads and advanced trading features |
May require meeting certain trading volume or experience criteria |
| Corporate Account |
Corporate Clients |
Customized services and account management |
Requires corporate documentation and verification |
| Demo Account |
All Traders |
Practice trading without financial risk |
Ideal for testing strategies and familiarizing with the platform |
Account Opening Process
To open an account with Maxwell Global, prospective clients need to follow several steps. First, they must submit personal information, including their name, contact details, and date of birth. Following this, employment details and financial information will be required to assess the client’s trading experience and financial standing. Identity verification is essential, necessitating documents such as a government-issued ID and proof of address. After completing these steps, clients can begin trading. It is worth noting that Maxwell Global offers the flexibility to upgrade to a professional account later, should the trader’s experience and trading volume meet the necessary requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Competitive spreads for major pairs |
| Forex (Minor Pairs) |
Varies |
$0 |
Spreads may be wider than major pairs |
| CFDs (Stocks) |
Varies |
Varies |
Fees depend on the stock and market conditions |
| CFDs (Indices) |
Varies |
Varies |
Fees depend on the index and market conditions |
| CFDs (Commodities) |
Varies |
Varies |
Fees depend on the commodity and market conditions |
| Cryptocurrencies |
Varies |
Varies |
Fees fluctuate based on market volatility |
Other Fees
Maxwell Global may charge various fees that traders should be aware of. These include potential deposit and withdrawal fees, which can vary based on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, overnight interest, also known as swap rates, may be incurred for positions held overnight. Currency conversion fees could also apply when trading in currencies different from the account’s base currency.
