What Account Types and Fees Does Preferred Capital Limited Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| ECN Account |
Forex traders seeking low spreads |
Low spreads starting from 0.2 pips, commission applicable |
Requires trading volume qualifications |
| STP Account |
Forex traders looking for straightforward trading |
No commission, variable spreads from 0.9 pips |
Suitable for various trading strategies |
| Individual Account |
Personal traders |
Personalized trading options |
Open to individual traders |
| Joint Account |
Two or more individuals trading together |
Shared access to trading funds |
Requires joint application |
| Corporate Account |
Corporate entities |
Facilitates trading on behalf of companies |
Requires corporate documentation |
| Islamic Account |
Traders seeking Shariah-compliant trading |
Adheres to Islamic principles, swap-free |
Available for clients adhering to Islamic law |
Account Opening Process
Opening an account with Preferred Capital Limited involves several straightforward steps. First, clients need to register by providing personal information on the broker’s website. Following registration, clients must submit necessary documentation, including proof of identity and proof of address. After submitting the documentation, the broker will verify the information for approval. Once the account has been approved, clients can fund their trading accounts. Additionally, clients have the flexibility to upgrade to a professional account as their trading experience grows.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.2 |
Starting from $7 per lot |
Applicable for ECN accounts |
| Forex (Minor Pairs) |
Varies |
Starting from $7 per lot |
Dependent on account type |
| CFDs (Stocks) |
0.4 |
$3 per lot |
Flat fee for stock trading |
| CFDs (Indices) |
0.4 |
$1.25 |
Commission applicable |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, clients should be aware of various non-trading fees. Preferred Capital Limited may impose deposit and withdrawal fees that vary based on the payment method used. An inactivity fee may also apply if an account remains dormant for an extended period. Furthermore, there may be currency conversion fees for transactions in a currency different from the account’s base currency. Lastly, clients should consider potential overnight interest (swap rates) that may apply to positions held overnight.
