What Account Types and Fees Does Starfish FX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Low spreads, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced Traders |
High leverage, enhanced trading conditions |
Requires trading volume qualifications |
| Corporate Account |
Corporate Clients |
Customized services, dedicated support |
Requires corporate documentation |
| Demo Account |
All Traders |
Practice trading without risk |
Unlimited time for practice |
Account Opening Process
Opening an account with Starfish FX is a straightforward process. Here are the steps to follow: First, visit the official Starfish FX website. Next, click on the register link found on the homepage. Fill in the required personal, employment, and financial information in the registration form. Then, upload verification documents, including an ID and proof of address, for identity verification. After that, choose your preferred funding option to deposit the initial funds. Finally, fund your account to meet the minimum deposit requirement based on the chosen account type and start trading. It is important to note that account flexibility allows for upgrading to a professional account at a later stage if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Competitive spreads for major currency pairs |
| CFDs (Indices) |
Varies |
$X per lot |
Commission applies based on trade volume |
| Cryptocurrencies |
Varies |
$X per lot |
Fees may vary depending on volatility |
Other Fees
Starfish FX implements additional fees that traders should be aware of. These include deposit and withdrawal fees, which may apply depending on the method chosen. Inactivity fees may also be charged if an account remains dormant for an extended period. There may be platform usage fees, particularly if using advanced tools. Additionally, overnight interest (swap rates) could apply for positions held overnight. Currency conversion fees may apply for transactions involving different currencies.
