What Account Types and Fees Does Polenergia Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface, access to educational resources |
Ideal for small-capital practice and gaining trading experience |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools, lower spreads |
Requires proof of trading experience and financial knowledge |
| Corporate Account |
Corporate clients and institutions |
Customizable trading solutions, dedicated account manager |
Requires corporate documentation and higher initial deposit |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading, no overnight interest |
Available upon request and requires verification of eligibility |
| Demo Account |
All types of traders |
No risk, practice trading with virtual funds, full access to trading tools |
Ideal for testing strategies before committing real funds |
Account Opening Process
To open an account with Polenergia, follow these steps: First, submit your personal information, including your name, address, and contact details. Next, provide employment details, such as your job title and employer information. After that, you will need to submit financial information, which may include your source of funds and trading experience. Identity verification is essential; thus, you must provide a government-issued ID and proof of address, such as a utility bill. The account offers flexibility, allowing you to upgrade to a professional account later based on your trading volume and experience.
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 |
| CFDs (Stocks) |
0.1% |
$0.1 per lot |
Varies by stock liquidity |
| CFDs (Indices) |
0.5% |
$0.5 per lot |
Popular indices available |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Polenergia applies various other fees that traders should consider. These include deposit and withdrawal fees, which may vary based on the chosen payment method. Inactivity fees may apply if an account is dormant for an extended period. Additionally, while there are no platform usage fees, traders should be aware of overnight interest (swap rates) that may be charged for positions held overnight. Currency conversion fees may also apply when trading in different currencies.
