What Account Types and Fees Does Trade Capital Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to educational resources |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom solutions, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Requires verification of Islamic status |
| Demo Account |
All traders |
Practice trading with virtual funds |
No real capital required, suitable for testing strategies |
Account Opening Process
To open an account with Trade Capital Markets, traders must follow a straightforward process: First, submit personal information including name, address, and contact details. Next, provide employment information to establish financial stability. After that, financial information such as income and net worth should be submitted. Identity verification is necessary, which includes uploading an ID and proof of address. Once the account is approved, traders have the flexibility to upgrade their accounts, such as moving from a Retail to a Professional Account if their trading volume meets the required qualifications.
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 spreads for major pairs |
| CFDs (Stocks) |
1.5 |
$0.2 |
Varied by stock volatility |
| CFDs (Indices) |
1.0 |
$0.5 |
Market average spreads |
| 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 associated with their accounts. Deposit and withdrawal fees may apply depending on the payment methods used. An inactivity fee may be charged if the account remains dormant for an extended period. While Trade Capital Markets does not impose platform usage fees, overnight interest (swap rates) can accrue on positions held overnight. Additionally, currency conversion fees may be applicable when trading in different currencies.
