What Account Types and Fees Does Price Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Retail traders |
Low minimum deposit, access to popular trading platforms, negative balance protection |
Best for individuals starting their trading journey |
| FIX API Account |
Professional traders |
High leverage, low-latency execution, tailored for algorithmic trading |
Requires significant initial capital and trading experience |
| PAMM Account |
Licensed professional traders |
Management of multiple client accounts, flexibility for various strategies |
Available for traders managing multiple accounts |
| MAM Account |
Fund managers |
Efficient management of client funds, access to advanced trading tools |
Designed for experienced fund managers |
Account Opening Process
To open an account with Price Markets, prospective clients need to follow a structured process which includes submitting personal, employment, and financial information. This involves providing identity verification documents such as a government-issued ID and proof of address to comply with regulatory requirements. Once the initial application is submitted, clients will receive confirmation and can then fund their accounts. It is worth noting that traders have the flexibility to upgrade their accounts later, for example, from a Standard Account to a Professional Account, should their trading experience or capital change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.3 |
$3.5 per lot |
Tight spreads for major pairs |
| Forex (GBP/USD) |
0.4 |
$3.5 per lot |
Competitive commissions on major pairs |
| CFDs (AUS200) |
5 |
$0 (commission included) |
Includes spreads |
| CFDs (Gold) |
0.4 |
$3.5 per lot |
Standard commission applies |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable depending on market conditions |
Other Fees
Traders should be aware of additional costs that may be associated with their accounts at Price Markets. These include deposit and withdrawal fees depending on the chosen payment method, inactivity fees charged after a period of account dormancy, and potential platform usage fees for certain premium features. Additionally, traders should consider overnight interest (swap rates) for positions held overnight and any currency conversion fees that may apply when trading in different currencies.
