What Account Types and Fees Does TigerFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface, educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and institutions |
Higher leverage, lower spreads, access to advanced trading tools |
Requires trading volume qualification |
| Corporate Account |
Businesses and corporate clients |
Customized solutions, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant solutions |
Swap-free trading, no interest fees |
Must provide proof of eligibility |
| Demo Account |
Prospective traders wanting to practice |
Risk-free environment, full access to trading features |
No capital requirement, ideal for learning |
Account Opening Process
To open an account with TigerFX, users must complete several steps, which include submitting personal, employment, and financial information. Identity verification is required, which involves providing a valid ID and proof of address. Additionally, there is flexibility in account types, allowing users to upgrade to a professional account later based on their trading activity and experience.
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 minor pairs |
| CFDs (Stocks) |
0.3 |
$5 per lot |
Varied spreads based on stock |
| CFDs (Indices) |
0.5 |
$4 per lot |
Standard spreads for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Additional costs associated with TigerFX include deposit and withdrawal fees, which may vary based on the payment method. Inactivity fees may apply to accounts that remain dormant for an extended period. Platform usage fees are generally not applicable, but traders should consider overnight interest (swap rates) on positions held overnight. Currency conversion fees may also apply when trading different currencies.
