What Account Types and Fees Does OSL Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Access to various trading instruments with lower minimum deposit requirements. |
Suitable for small-capital traders looking to practice. |
| Professional Account |
Experienced Traders |
Higher leverage options and tighter spreads for advanced trading. |
Requires proof of trading experience or minimum trading volume. |
| Corporate Account |
Corporate Clients |
Customized services and support for corporate trading needs. |
Requires corporate documentation and verification. |
| Islamic Account |
Muslim Traders |
Swap-free trading options compliant with Sharia law. |
Must provide proof of adherence to Islamic finance principles. |
| Demo Account |
New Traders |
Practice trading without financial risk. |
Ideal for beginners to familiarize with the trading platform. |
Account Opening Process
To open an account with OSL, you will need to follow several key steps. First, submit your personal information, including your name, contact details, and date of birth. Next, provide employment information, which may include your employer’s name and position. Following this, you’ll need to disclose your financial information, such as your income and net worth. To complete the identity verification process, you must submit valid identification and proof of address, such as a utility bill. Once your documents are reviewed and approved, your account will be activated. OSL also allows flexibility in account management, enabling users to upgrade to a professional account as their trading experience and volume grow.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Competitive commissions on major stocks |
| CFDs (Indices) |
0.5 |
$4 per lot |
Low-cost trading on major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable spreads depending on market conditions |
Other Fees
In addition to trading fees, clients may encounter various other charges. Deposit and withdrawal fees may apply depending on the payment method used. OSL charges inactivity fees for accounts that remain dormant for an extended period. Additionally, there may be platform usage fees that cover the cost of accessing trading tools and resources. Overnight interest, also known as swap rates, may be applicable on position rollovers. Currency conversion fees might also apply for transactions involving different currencies.
