What Account Types and Fees Does Star Store Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and intermediate traders |
Accessible entry-level trading conditions |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Low spreads and higher leverage options |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and solutions |
Requires corporate documentation |
| Demo Account |
All traders |
Practice trading without risk |
Ideal for testing strategies and platforms |
Account Opening Process
To open an account with Star Store, prospective clients need to follow a structured process. This begins with the submission of personal information, which includes basic identification details. Next, employment details and financial information must be provided to assess suitability for trading. Identity verification is necessary, requiring documentation such as a government-issued ID and proof of address. After the initial setup, clients may have the flexibility to upgrade to a professional account later, depending on their trading activity and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
Varies |
Competitive spreads for major currency pairs |
| CFDs (Stocks) |
Varies |
Varies |
Commission structures depend on the stock |
| CFDs (Indices) |
Varies |
Varies |
Standard trading conditions apply |
| CFDs (Commodities) |
Varies |
Varies |
Includes popular commodities like gold and oil |
| Cryptocurrencies |
Varies |
Varies |
Dynamic pricing based on market conditions |
Other Fees
Star Store may impose various additional fees that traders should be aware of. These can include deposit and withdrawal fees, which can vary based on the payment method. Inactivity fees may apply if an account remains dormant for an extended period. Platform usage fees, if applicable, could be relevant for traders utilizing specific tools or features. Overnight interest, often referred to as swap rates, may also affect positions held overnight. Lastly, currency conversion fees could be incurred when trading assets in different currencies.
