What Account Types and Fees Does SSY Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, educational resources |
Suitable for small-capital traders |
| Professional Account |
Experienced traders |
Higher leverage, tighter spreads |
Requires proof of trading experience |
| Corporate Account |
Corporate clients |
Custom trading solutions, higher trading limits |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Available to eligible clients upon request |
| Demo Account |
All traders looking to practice |
Risk-free trading environment, virtual funds |
Ideal for testing strategies before live trading |
Account Opening Process
To open an account with SSY, prospective traders must follow a straightforward process: 1. Submit personal information such as name, date of birth, and contact details. 2. Provide employment and financial information to assess trading suitability. 3. Complete identity verification by submitting an official ID and proof of address. Once the account is set up, users 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 majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for major pairs |
| CFDs (Stocks) |
0.1% |
$0.5 per lot |
Varies by stock liquidity |
| CFDs (Indices) |
0.5% |
$1 per lot |
Standard rates for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should also be aware of additional fees that may apply: 1. Deposit and withdrawal fees may vary based on the payment method used. 2. An inactivity fee may be charged if the account remains dormant for an extended period. 3. Platform usage fees could apply, depending on the trading tools utilized. 4. Overnight interest (swap rates) may be charged on positions held overnight. 5. Currency conversion fees could apply for transactions involving different currencies.
