What Account Types and Fees Does Swift Trader Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to educational resources, basic trading tools |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
High leverage, advanced trading options, tighter spreads |
Requires minimum trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, enhanced support, robust trading capabilities |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading, no interest fees |
Verification of eligibility required |
| Demo Account |
All types of traders |
Practice trading without risk, access to full trading features |
Available for all new users |
Account Opening Process
To open an account with Swift Trader, prospective users must follow these steps: first, submit personal information including name, email, and phone number. Next, provide employment and financial information to assess trading suitability. Identity verification is mandatory, requiring a valid ID and proof of address. Once the account is opened, users have the flexibility to upgrade to a professional account later if their trading activity meets 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 pricing for minor pairs |
| CFDs (Stocks) |
0.1% |
$0.01 per share |
Varies by stock selected |
| CFDs (Indices) |
0.5% |
$0.50 per contract |
Includes major global indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, traders should be aware of other costs involved with their accounts. Deposit and withdrawal fees may apply depending on the chosen method, especially for bank transfers. Inactivity fees may be charged if an account remains dormant for an extended period. While there are no platform usage fees, traders should consider overnight interest (swap rates) on positions held overnight. Currency conversion fees may also apply when trading in different currencies.
