What Account Types and Fees Does Pocket Broker Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to educational resources |
Ideal for those starting with limited capital |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires verification of trading experience and volume |
| Corporate Account |
Corporate clients |
Customizable trading solutions, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking compliance with Shariah law |
Swap-free trading conditions |
Available upon request and documentation verification |
| Demo Account |
All traders |
Practice trading with virtual funds |
Available for unlimited duration |
Account Opening Process
To open an account with Pocket Broker, follow these steps: 1. Visit the official Pocket Broker website and click on the registration button. 2. Fill in the required personal information, including your name, email, and phone number. 3. Submit employment and financial details to assess your trading experience and risk profile. 4. Complete identity verification by uploading an ID and proof of address. 5. Once verified, you can deposit funds and start trading. Additionally, you can upgrade to a professional account later as your trading experience grows.
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 rates for major pairs |
| CFDs (Stocks) |
1.5 |
$0.5 per lot |
Varies by stock |
| CFDs (Indices) |
1.0 |
$1 per lot |
Standard commission applies |
| Cryptos (BTC/USD) |
1.5% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Pocket Broker may charge the following: – Deposit and withdrawal fees may apply depending on the payment method used. – Inactivity fees may be charged if an account remains dormant for an extended period. – There may be platform usage fees for specific advanced features. – Overnight interest (swap rates) will be applied to positions held overnight. – Currency conversion fees may apply when trading in different currencies.
