What Account Types and Fees Does TDFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Low minimum deposit, competitive spreads |
Suitable for small-capital practice, minimum deposit $50 |
| Classic Account |
Casual traders |
Variable spreads, no commission |
Requires a minimum deposit of $1,000 |
| Professional Account |
Experienced traders |
Lower spreads, up to 1:400 leverage |
Requires trading volume qualifications |
| Islamic Account |
Traders seeking swap-free options |
Complies with Sharia law |
Available for all account types upon request |
| VIP ECN Account |
High-volume traders |
Ultra-tight spreads, premium services |
Requires a minimum deposit of $2,500 |
| Elite Account |
Corporate clients |
Customizable services, high liquidity |
Requires corporate documentation and significant capital |
Account Opening Process
To open an account with TDFX, clients must follow a straightforward process that involves several steps. Initially, traders will need to provide personal information, including their full name, date of birth, and contact details. Subsequently, employment and financial information must be submitted to ensure the broker understands the client’s trading background and financial standing. Identity verification is also a crucial part of the process, requiring clients to submit valid identification documents and proof of address to comply with regulatory standards. TDFX allows for account flexibility, enabling traders to upgrade from a standard account to a professional account later on, depending on their trading volume and experience level.
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 for active traders |
| CFDs (Stocks) |
Variable (from 1.5) |
$15 per lot |
Depending on the stock volatility |
| CFDs (Commodities) |
From 2 |
$12 per lot |
Varied spreads based on market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should also be aware of additional costs associated with their accounts. TDFX may impose deposit and withdrawal fees, though these are often dependent on the payment method chosen. Inactivity fees may apply if an account remains dormant for an extended period. Furthermore, users may encounter platform usage fees if applicable. Overnight interest, commonly referred to as swap rates, will apply for positions held overnight, and currency conversion fees may also be incurred when trading different currency pairs.
