What Account Types and Fees Does TenX Prime Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| TenX MT4 Standard Account |
All traders, including beginners and experienced traders |
Low minimum deposit, access to various trading instruments |
Minimum deposit of $25; suitable for small-capital practice |
| Demo Account |
Traders looking to practice without financial risk |
Simulates real market conditions for skill development |
No financial commitment required; ideal for strategy testing |
Account Opening Process
To open an account with TenX Prime, prospective clients must complete several steps. Initially, they will need to provide personal details, including their name, date of birth, and contact information. Following this, employment and financial information are required to assess the applicant’s trading experience and financial status. A crucial part of the process is identity verification, which includes submitting a valid form of identification and proof of address. Once the account is set up, clients can enjoy flexibility, as they may have the option to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 |
Tight spreads available for major currency pairs |
| Forex (Minor Pairs) |
1.0 |
$0 |
Competitive spreads for minor currency pairs |
| CFDs (Stocks, Indices, Commodities) |
Variable |
$0 |
Spreads vary based on market conditions |
| Cryptocurrencies |
1.0% |
0.1% |
Fees may vary based on market volatility |
Other Fees
TenX Prime is transparent regarding other fees associated with trading. There are no deposit or withdrawal fees, allowing clients to manage their finances efficiently. Inactivity fees may apply after a prolonged period of account dormancy. Additionally, clients should be aware of potential overnight interest charges (swap rates) for positions held beyond a day, which can vary depending on the asset class. Currency conversion fees may also be applicable when trading in different currency pairs.
