What Account Types and Fees Does Power Trading Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| STP Account |
Beginners to Intermediate Traders |
Low minimum deposit, flexible leverage up to 1:400, standard spreads starting from 1.2 pips. |
Suitable for traders with lower capital; no commission fees. |
| ECN Account |
Experienced Traders |
Low spreads starting from 0.0 pips, commission of $3 per lot, high leverage up to 1:300. |
Requires a higher minimum deposit of $5,000; ideal for high-volume traders. |
| Demo Account |
All Traders |
Practice trading with virtual money, access to real market conditions. |
Ideal for beginners to practice trading strategies without financial risk. |
Account Opening Process
To open an account with Power Trading, follow these steps:
1. Select Account Type: Choose between the STP or ECN account depending on your trading needs and capital.
2. Complete Application: Fill out the online application form with personal information such as your name, contact details, and financial background.
3. Verify Identity: Upload necessary documents for identity verification, which may include proof of identity (like a government-issued ID) and proof of address (like a utility bill).
4. Fund Your Account: Once your application is approved, deposit the minimum required amount to activate your account.
5. Start Trading: After funding, you can log in and begin trading on the Power Trading platform.
Additionally, there is flexibility to upgrade your account to a professional account as you gain experience and meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.2 |
$0 (ECN: $3/lot) |
Competitive spreads on major pairs |
| Forex (GBP/USD) |
1.3 |
$0 (ECN: $3/lot) |
Attractive for currency trading |
| CFDs (Stocks) |
Variable from 0.5 |
$0 |
Spreads vary based on the stock |
| CFDs (Indices) |
1.0 |
$0 |
Standard spreads on major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Power Trading may apply several additional fees, including:
– Deposit/Withdrawal Fees: Specific fees associated with depositing or withdrawing funds may apply, depending on the method used.
– Inactivity Fees: Accounts that remain inactive for a prolonged period may incur inactivity fees.
– Platform Usage Fees: If applicable, fees for using advanced trading tools or features may be charged.
– Overnight Interest (Swap Rates): Positions held overnight may be subject to swap rates.
– Currency Conversion Fees: Fees may apply when converting currencies for trading or withdrawing funds.
