What Account Types and Fees Does StoneX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of markets with user-friendly platforms |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and institutions |
Higher leverage and access to advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom trading solutions and dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law, no overnight interest |
Available upon request |
| Demo Account |
All traders for practice |
Risk-free environment to practice trading strategies |
No capital required, great for learning |
Account Opening Process
To open an account with StoneX, follow these steps: First, submit your personal information, including your name, address, and contact details. Next, provide your employment information, ensuring you include your occupation and employer details. After that, you will need to submit financial information, such as your income and net worth. During the process, identity verification is required, which typically involves providing a government-issued ID and proof of address, such as a utility bill. StoneX offers account flexibility, allowing you to upgrade from a retail to a professional account later if you 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 rates for minor pairs |
| CFDs (Stocks) |
Variable |
$0 |
No commissions on stock trading |
| CFDs (Indices) |
1.5 |
$0 (ECN: $2.5/lot) |
Spreads vary based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Fees may vary with market volatility |
Other Fees
In addition to trading fees, StoneX charges various other fees. There may be deposit and withdrawal fees depending on the method used. Inactivity fees apply if an account is not used for a specified period. While platform usage fees are generally not charged, be sure to check for any exceptions. Overnight interest, also known as swap rates, may be applied to positions held overnight, particularly in Forex trading. Lastly, currency conversion fees could be incurred for transactions involving different currencies.
