What Account Types and Fees Does UNX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners |
Access to competitive trading conditions |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Potential for higher leverage and lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services for businesses |
Requires corporate documentation |
| Demo Account |
New traders |
Practice trading without risk |
Ideal for testing strategies |
Account Opening Process
To open an account with UNX, traders will need to complete several steps. Initially, prospective clients must provide personal information, which includes details such as name, address, and contact information. Following this, employment and financial information will need to be submitted to assess suitability for trading. It is essential for clients to undergo identity verification, which typically requires presenting an official ID and proof of address. This process ensures compliance and safeguards against fraud. Additionally, traders may have the flexibility to upgrade to a professional account later, depending on their trading volume and experience.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.0 |
$0 |
Competitive spreads available |
| CFDs (Stocks) |
Variable |
Depends on account type |
Dynamic pricing based on market conditions |
| CFDs (Indices) |
Variable |
Depends on account type |
Dynamic pricing based on market conditions |
| CFDs (Commodities) |
Variable |
Depends on account type |
Dynamic pricing based on market conditions |
| Cryptos (BTC/USD) |
Variable |
Depends on account type |
Market-dependent spreads |
Other Fees
UNX may impose various fees associated with trading activities. These can include deposit and withdrawal fees, which may vary depending on the method used. Additionally, inactivity fees could be charged if an account remains dormant for a specified period. While platform usage fees are not mentioned, overnight interest (swap rates) may apply to positions held overnight. Traders should also be aware of potential currency conversion fees when trading in different currencies.
