What Account Types and Fees Does Trendo 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 |
High leverage, lower spreads, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, multi-user access |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliant with Sharia law |
Available upon request |
| Demo Account |
New traders |
Risk-free trading environment, practice features |
Unlimited access for practice |
Account Opening Process
To open an account with Trendo, follow these steps: First, submit your personal information including name, address, and contact details. Next, provide your employment information and financial status to assess your trading profile. You will also need to complete identity verification by submitting an ID and proof of address. After your documents are verified, you can start trading. Additionally, Trendo allows for account flexibility, enabling you to upgrade to a professional account later if you meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$3 per lot |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$3 per lot |
Competitive rates for minor pairs |
| CFDs (Stock Index) |
1.5 |
$3 per lot |
Standard pricing for indices |
| CFDs (Commodities) |
2.0 |
$3 per lot |
Includes metals and energies |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Trendo has several other costs to consider: There may be deposit and withdrawal fees depending on the method used. An inactivity fee applies if your account is dormant for an extended period. If applicable, platform usage fees could be charged. Overnight interest, also known as swap rates, will apply for positions held overnight. Lastly, be aware of currency conversion fees if trading in different currencies.
