What Account Types and Fees Does OTKRITIE Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customizable services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Clients seeking Sharia-compliant trading |
Swap-free, tailored for Islamic finance |
Must provide relevant documentation |
| Demo Account |
All traders |
No risk trading, practice environment |
Unlimited access for practice |
Account Opening Process
Opening an account with OTKRITIE involves several straightforward steps. First, applicants must provide personal information, including their name, contact details, and date of birth. Next, employment details and financial information, such as income and trading experience, need to be submitted. Identity verification is crucial; therefore, clients must provide a valid ID and proof of address. Once the initial account is set up, users have the option to upgrade to a professional account later, depending on their trading volume and activity.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for trading |
| CFDs (Stocks) |
0.1 |
$0.02 per share |
Access to global markets |
| CFDs (Indices) |
1.5 |
$0.1 per contract |
Varied index offerings |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
OTKRITIE may charge several additional fees, which include deposit and withdrawal fees depending on the method used. There may also be inactivity fees if the account remains dormant for an extended period. Platform usage fees are applicable for certain features, and overnight interest (swap rates) may apply to positions held overnight. Currency conversion fees could also be incurred for transactions involving different currencies.
