What Account Types and Fees Does PGM Offer?
| Account Type |
Target User Group |
Key Characteristics |
Applicability Notes |
| Retail Account |
Beginners and general traders |
Access to a variety of trading instruments |
Suitable for those starting with smaller capital |
| Professional Account |
Experienced traders |
Higher leverage and advanced trading features |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom services and dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law |
Available upon request |
| Demo Account |
New traders |
Practice trading without financial risk |
Ideal for learning and testing strategies |
Account Opening Process
To open an account with Paragon Global Markets (PGM), traders need to follow a straightforward process. First, they must submit personal information including their name, contact details, and date of birth. Next, employment information is required to establish the trader’s background. Additionally, financial information is necessary to assess the trader’s experience and risk profile. Identity verification is a critical step, necessitating the submission of a valid ID and proof of address. PGM also offers account flexibility, allowing clients to upgrade to a professional account later as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads for major pairs |
| Forex (Minor Pairs) |
Varies |
$0 |
Competitive pricing on minor pairs |
| CFDs (Stocks) |
Varies |
$0 |
Access to major US and UK stocks |
| CFDs (Indices) |
Varies |
$0 |
Includes major indices like S&P 500 |
| Cryptocurrencies |
Varies |
$0 |
Trading available for top cryptocurrencies |
Other Fees
In addition to trading fees, traders should be aware of other potential costs associated with their accounts. These may include deposit and withdrawal fees, which can vary based on the method used. Inactivity fees may apply if the account remains dormant for an extended period. Additionally, platform usage fees might be charged for using advanced features. Overnight interest, also known as swap rates, may be applicable for positions held overnight, while currency conversion fees can apply when trading in different currencies.
