What Account Types and Fees Does SFI Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads and user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
High leverage and advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Eligibility based on client declaration |
| Demo Account |
All types of traders |
Practice trading with virtual funds |
No minimum deposit required |
Account Opening Process
To open an account with SFI, prospective clients must follow a straightforward process. Initially, applicants need to submit personal information, including name, contact details, and date of birth. Next, employment information is required, detailing the applicant’s current job and income sources. Following this, financial information outlining the applicant’s trading experience and investment goals must be provided. It is essential to complete identity verification, which includes submitting a valid ID and proof of address. Once the account is opened, clients have the flexibility to upgrade to a professional account later if they meet the necessary criteria.
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 pricing |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by instrument |
| CFDs (Indices) |
0.5% |
$5 per lot |
Based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Clients should be aware of additional costs associated with their accounts. These may include deposit and withdrawal fees, which vary by payment method, and inactivity fees if an account remains dormant for an extended period. There may also be platform usage fees, depending on the specific services used. Overnight interest, known as swap rates, will apply to positions held overnight, and currency conversion fees may be incurred for trades involving different currencies.
