What Account Types and Fees Does ETC Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low initial deposit, user-friendly platform |
Suitable for new traders looking to practice |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Muslim traders |
Swap-free trading options |
Must comply with Sharia law |
| Demo Account |
All trader levels |
Practice trading without real money |
Ideal for testing strategies and platforms |
Account Opening Process
Opening an account with ETC involves a straightforward process. First, applicants must submit personal information, including their full name, date of birth, and contact details. Following this, employment and financial information will need to be provided to assess the applicant’s trading experience and financial situation. The identity verification process requires submission of a government-issued ID and proof of address, such as a recent utility bill. Importantly, ETC offers account flexibility, allowing users to upgrade from a retail to a professional account as their trading experience and volumes increase.
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 for minor pairs |
| CFDs (S&P 500) |
1.5 |
$1.0 |
Standard fees for indices |
| CFDs (Crude Oil) |
2.0 |
$1.5 |
Fees may vary with market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
When trading with ETC, users should also be aware of additional costs. Deposit and withdrawal fees may apply, typically depending on the chosen payment method. An inactivity fee may be charged if the account remains dormant for an extended period. While using the trading platform, there could be usage fees associated with certain features or tools. Additionally, overnight interest, also known as swap rates, will be applicable for positions held overnight. Lastly, currency conversion fees may apply when trading different currency pairs.
