What Account Types and Fees Does METAGOLD Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Suitable for traders starting with smaller capital |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires proof of trading experience |
| Corporate Account |
Businesses and institutions |
Custom services, dedicated account manager |
Requires corporate documentation and registration |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Requires declaration of religious compliance |
| Demo Account |
All traders for practice |
No risk, virtual funds |
Ideal for testing strategies and the platform |
Account Opening Process
To open an account with METAGOLD, traders must follow a structured process that includes several steps. Initially, applicants need to submit personal information, including their name, contact details, and date of birth. Following this, employment and financial information must be provided to help assess the applicant’s trading experience and financial status. Identity verification is a critical component, requiring submission of identification documents such as a government-issued ID and proof of address. METAGOLD also offers flexibility in account management, allowing users to upgrade to a professional account as they gain experience and meet the necessary criteria.
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 pricing for major pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varies by stock |
| CFDs (Indices) |
2.0 |
$3 per lot |
Standard fees apply |
| CFDs (Commodities) |
3.0 |
$5 per lot |
Range of commodities available |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, METAGOLD has several other costs to consider. There are no deposit or withdrawal fees, making transactions more accessible for traders. However, an inactivity fee may apply if an account remains dormant for an extended period. While using the trading platform, users should be aware of any applicable platform usage fees. Overnight interest may also be charged based on swap rates for positions held overnight. Additionally, currency conversion fees may apply when trading in different currencies.
