What Account Types and Fees Does Mining Capital Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, easy access to trading tools |
Designed for individual traders with limited capital |
| Professional Account |
Experienced traders |
Higher leverage, access to advanced trading features |
Requires proof of trading experience and higher capital |
| Corporate Account |
Corporate clients |
Customizable services, dedicated support |
Requires corporate documentation for eligibility |
| Islamic Account |
Traders adhering to Sharia law |
Swap-free trading options |
Available upon request, subject to verification |
| Demo Account |
All types of traders |
Practice trading without real capital at risk |
Suitable for testing strategies and platform features |
Account Opening Process
To open an account with Mining Capital, users must follow a straightforward process. First, they need to submit personal information including their name, email, and phone number. Next, they will provide employment details and financial information to ensure suitability for trading. Identity verification is mandatory, requiring documents such as a government-issued ID and proof of address (like a utility bill). Once the account is set up, users can enjoy flexibility in upgrading to a professional account later if they 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 active traders |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock; checks apply |
| CFDs (Indices) |
0.5% |
$3 per lot |
Standard rates for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
| Cryptos (ETH/USD) |
1.2% |
0.1% |
Subject to volatility spikes |
Other Fees
In addition to trading fees, Mining Capital may charge various other fees. Deposit and withdrawal fees can apply, depending on the payment method chosen. An inactivity fee might be charged if an account remains dormant for a specified period. Platform usage fees are typically absent, providing a user-friendly environment. Traders should also be aware of overnight interest (swap rates) that may be incurred on positions held beyond the trading day. Additionally, currency conversion fees may apply when trading in different currencies.
