What Account Types and Fees Does NEW ERA Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low initial deposit, user-friendly interface, educational resources |
Ideal for small-capital practice and learning trading basics |
| Professional Account |
Experienced traders and institutions |
Higher leverage, advanced trading tools, lower spreads |
Requires trading volume qualifications and proof of trading experience |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account management |
Requires corporate documentation and compliance verification |
| Islamic Account |
Traders seeking swap-free conditions |
No overnight interest fees, compliant with Sharia law |
Available to all traders upon request and verification |
| Demo Account |
New traders and those testing strategies |
Free access to trading environment, practice without risk |
Ideal for familiarization with the platform and testing strategies |
Account Opening Process
To open an account with NEW ERA, follow these steps: First, fill out the online application form providing personal, employment, and financial information. You will then need to submit identity verification documents, including a government-issued ID and proof of address. Once your identity is verified, your account can be activated. NEW ERA also offers flexibility, allowing you to upgrade to a professional account later if you meet the necessary requirements.
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 GBP pairs |
| CFDs (Stocks) |
0.1 |
$0.2/lot |
Low spreads on popular stocks |
| CFDs (Indices) |
1.5 |
$0.5/lot |
Varies by index |
| CFDs (Commodities) |
2.0 |
$1.0/lot |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
NEW ERA also outlines several additional fees that traders should be aware of. There are no deposit or withdrawal fees, making fund transfers more accessible. However, an inactivity fee may apply if the account remains dormant for an extended period. Additionally, overnight interest (swap rates) may be charged on positions held overnight. Currency conversion fees may also apply if trading different currency pairs or assets.
