What Account Types and Fees Does Midori FX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners to advanced traders |
Eligible for bonuses, no transaction fees |
Suitable for all capital levels, no minimum deposit |
| Raw Account |
Traders seeking low spreads |
Low spreads, transaction fees apply, eligible for bonuses |
Ideal for traders who wish to leverage bonuses while minimizing spreads |
| Bull Account |
Aggressive traders |
Low spreads, no transaction fees, not eligible for bonuses |
Requires a minimum deposit of $2,000; suitable for high-volume trading |
| Demo Account |
New traders and those testing strategies |
Practice trading in a risk-free environment |
No minimum deposit; available for all users |
Account Opening Process
To open an account with Midori FX, follow these steps:
1. Complete the registration form with your personal details including your name and email address.
2. Submit identity verification documents, including a valid ID and proof of address, along with completing 3D authentication.
3. Deposit funds using available methods like credit cards or cryptocurrencies.
4. Once your account is verified and funds are in place, you can transfer them to your MT5 wallet and start trading.
Accounts can be upgraded later from a Standard to a Professional account if eligibility criteria are met.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (Standard/Bull), $6 (Raw) |
Tight spreads available on all major pairs |
| Forex (GBP/JPY) |
1.0 |
$0 (Standard/Bull), $6 (Raw) |
Competitive pricing for cross-currency pairs |
| CFDs (Indices) |
1.5 |
$0 |
No commissions on index trades |
| CFDs (Commodities) |
2.0 |
$0 |
Available for various commodity markets |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable spreads based on market conditions |
Other Fees
Midori FX also has various other fees to consider:
– Deposit/Withdrawal Fees: Generally free for cryptocurrency, minimal charges for bank transfers.
– Inactivity Fees: Charged after 12 months of inactivity.
– Platform Usage Fees: No additional fees for using the MT5 platform.
– Overnight Interest: Standard swap rates apply for holding positions overnight.
– Currency Conversion Fees: Applicable when trading in unsupported currencies, depending on the pair involved.
