What Account Types and Fees Does TradeX Prime Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of instruments, user-friendly platform |
Suitable for small to medium capital |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, advanced trading tools |
Requires proof of trading experience and capital |
| Corporate Account |
Corporate clients |
Customized services, dedicated account manager |
Corporate documentation required |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading conditions |
Available upon request, subject to verification |
| Demo Account |
All levels of traders |
Practice trading without risk, access to real-time data |
Free for all users, valid for a limited time |
Account Opening Process
To open an account with TradeX Prime, follow these steps: First, complete the online registration form, providing personal information such as your name, contact details, and date of birth. Next, submit details regarding your employment and financial situation. It is essential to provide identity verification documents, including a valid ID and proof of address. Once your application is reviewed and accepted, you will gain access to your account. Additionally, TradeX Prime allows for account flexibility, enabling users to upgrade to a professional account later if they meet 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 |
| CFDs (Stocks) |
0.1% |
$2 per lot |
Varied based on stock |
| CFDs (Commodities) |
0.2% |
$2 per lot |
Includes major commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
TradeX Prime applies several additional fees, including deposit and withdrawal fees, which may vary by payment method. An inactivity fee is charged if there is no trading activity for a specific period. There are no platform usage fees, making it accessible for all traders. Overnight interest, also known as swap rates, applies for positions held overnight, while currency conversion fees may occur for deposits or withdrawals in different currencies.
