What Account Types and Fees Does PMEX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Access to standard trading features with lower minimum deposit requirements |
Ideal for individuals starting with small capital |
| Professional Account |
Experienced and institutional traders |
Higher leverage options and reduced spreads |
Requires proof of trading experience and volume qualifications |
| Corporate Account |
Corporate clients and businesses |
Customized trading solutions and dedicated account management |
Requires corporate documentation and minimum deposit |
| Islamic Account |
Traders seeking compliance with Sharia law |
Swap-free trading options |
Available upon request, subject to approval |
| Demo Account |
Traders looking to practice |
Simulated trading environment with virtual funds |
Suitable for testing strategies without financial risk |
Account Opening Process
To open an account with PMEX, prospective traders need to follow a straightforward process. First, they must submit personal information including their name, contact details, and date of birth. Next, employment details and financial background are required to assess the applicant’s trading experience and financial capability. Identity verification is also necessary, which includes providing a valid identification document and proof of address, such as a utility bill. Once the application is submitted and verified, traders can begin using their accounts. Additionally, PMEX allows for flexibility in account management, meaning users can upgrade to a professional account if they meet the necessary qualifications later on.
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 major currencies |
| CFDs (S&P 500) |
1.5 |
$0.75 |
Access to global indices |
| CFDs (Gold) |
0.5 |
$1.0 |
Popular commodity trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
PMEX has several additional fees that traders should be aware of. Deposit and withdrawal fees may apply depending on the payment method used. Inactivity fees are charged if an account remains dormant for an extended period, which may vary by account type. Additionally, there may be platform usage fees associated with accessing advanced trading tools. Traders should also be mindful of overnight interest (swap rates) on positions held overnight, as well as any potential currency conversion fees for trading in different currencies.
