What Account Types and Fees Does Tradition Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner to intermediate traders |
Competitive spreads, user-friendly platform |
Suitable for individuals starting their trading journey |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients |
Custom services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Restricted to eligible clients following Islamic finance principles |
| Demo Account |
New traders and those wishing to practice |
Access to virtual funds, real market conditions |
Ideal for testing strategies without financial risk |
Account Opening Process
To open an account with Tradition, prospective clients must follow a series of steps. Initially, applicants need to submit personal information, including their name, contact details, and date of birth. Following this, employment information must be provided, detailing current occupation and employer. Next, financial information is required, typically covering income sources and estimated trading experience. Identity verification is crucial and involves submitting identification documents (such as a passport or driver’s license) and proof of address (like utility bills or bank statements). Additionally, Tradition offers flexibility in account management, allowing clients to upgrade from a retail to a professional account if they meet the specified requirements later on.
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 pricing for major pairs |
| CFDs (Stocks) |
0.1% |
$5 per lot |
Varies by stock volatility |
| CFDs (Indices) |
0.5% |
$3 per lot |
Standard rates for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Tradition may impose several other charges. Deposit and withdrawal fees can apply, depending on the payment method chosen. Inactivity fees may be incurred if an account remains dormant for an extended period. Additionally, if applicable, platform usage fees may be charged for advanced trading features. Traders should also be aware of overnight interest (swap rates) associated with positions held overnight, and currency conversion fees may apply for transactions involving different currencies.
