What Account Types and Fees Does SIRIUS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners to Intermediate Traders |
Access to various trading instruments, suitable for small-capital trading. |
Designed for individual traders; low minimum deposit required. |
| Professional Account |
Experienced Traders |
Potential for higher leverage and customized services. |
Eligibility may depend on trading experience and volume. |
| Demo Account |
New Traders |
Practice trading without financial risk using virtual funds. |
Ideal for testing strategies and familiarizing with the platform. |
Account Opening Process
To open an account with SIRIUS, prospective clients will need to complete a few steps. Initially, they must submit personal information, including their name, email address, and phone number. Following this, employment and financial information will be required to assess the client’s suitability for specific account types. Identity verification is also necessary, which typically involves providing a government-issued ID and proof of address. After the verification process, clients can enjoy the flexibility of upgrading to a professional account at a later stage if they meet the eligibility criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads for popular pairs like EUR/USD and GBP/JPY. |
| CFDs (Stocks, Indices, Commodities) |
Varies |
Varies |
Competitively priced spreads based on market conditions. |
| Cryptocurrencies |
Varies |
Varies |
Dynamic spreads influenced by market volatility. |
Other Fees
In addition to trading fees, SIRIUS may charge for deposit and withdrawal transactions, though specific fees are not detailed. Inactivity fees may apply if the account remains dormant for an extended period. There could also be platform usage fees, overnight interest (swap rates), and currency conversion fees, which may vary based on the services used and account activity.
