What Account Types and Fees Does MIKI Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, user-friendly interface |
Ideal for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Eligibility based on personal beliefs |
| Demo Account |
New traders and those testing strategies |
Practice trading without risk |
Not currently offered |
Account Opening Process
To open an account with MIKI, follow these steps: first, submit personal information including your name, contact details, and date of birth. Next, provide employment details such as your job title and employer. After that, share your financial information, including income and net worth. Identity verification is required, which includes submitting a valid ID and proof of address. MIKI allows flexibility in account management, meaning you can upgrade to a professional account later if you meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| CFDs (Stocks) |
1.0 |
$10 per lot |
Competitive for indices |
| CFDs (Commodities) |
1.5 |
$5 per lot |
Variable spreads |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
MIKI also has several additional fees to be aware of: there may be deposit and withdrawal fees depending on the chosen payment method. An inactivity fee may apply if your account remains dormant for an extended period. If applicable, platform usage fees will be outlined in your account agreement. Overnight interest or swap rates will be charged based on your positions held overnight, and currency conversion fees may apply when trading in different currencies.
