What Account Types and Fees Does United Trust Bank Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner and experienced individual traders |
Access to various trading instruments and educational resources |
Suitable for personal trading activities |
| Professional Account |
Experienced traders and professionals |
Higher leverage, advanced trading tools, and lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Business clients and corporate entities |
Customizable services and dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Clients seeking Sharia-compliant trading options |
Swap-free trading conditions |
Available upon request |
| Demo Account |
Beginner traders wanting to practice |
Risk-free trading environment with virtual funds |
Ideal for testing strategies before real trading |
Account Opening Process
To open an account with United Trust Bank, clients must submit personal, employment, and financial information. This includes providing identity verification documents such as a valid ID and proof of address. The process is straightforward, allowing for flexibility, including the potential to upgrade to a professional account later, depending on trading experience and activity levels.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
Varies |
$0 |
Competitive spreads on major pairs |
| CFDs (Stocks) |
Varies |
$0 |
Access to various global stocks |
| CFDs (Indices) |
Varies |
$0 |
Major indices available for trading |
| CFDs (Commodities) |
Varies |
$0 |
Includes gold and oil |
| Cryptos (BTC/USD) |
Varies |
$0 |
Access to major cryptocurrencies |
Other Fees
United Trust Bank may charge various fees related to account management. These include potential deposit and withdrawal fees, inactivity fees, and any applicable platform usage fees. Additionally, clients should be aware of overnight interest (swap rates) and currency conversion fees that may apply when trading different currencies.
