What Account Types and Fees Does VIBHS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Access to all instruments, leverage capped at 1:30, commission-free |
Suitable for small capital practice |
| Professional Account |
Experienced traders |
Higher leverage (up to 1:200), tighter spreads, potential commissions |
Requires trading volume qualifications |
| Corporate Account |
Institutional clients and businesses |
Custom pricing and dedicated account management |
Requires corporate documentation |
| Islamic Account |
Clients requiring Sharia-compliant conditions |
Swap-free trading options |
Eligibility based on religious beliefs |
| Demo Account |
New traders |
Practice trading strategies without financial risk |
Available for all users |
Account Opening Process
To open an account with VIBHS, clients need to follow several steps. First, they will be required to submit personal information, including their name, email address, and phone number. Next, employment details must be provided, along with information about financial status, including income and trading experience. Additionally, identity verification is mandatory, requiring users to upload a government-issued ID and proof of address, such as a utility bill or bank statement. It is worth noting that VIBHS allows account flexibility, enabling users to upgrade to a professional account later if they meet the necessary eligibility criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
1.6 |
$0 (Pro: $10 per lot) |
Variable spreads for retail |
| CFDs (FTSE 100) |
2.0 |
$1 (Pro: $10 per lot) |
Competitive for indices |
| Cryptos (BTC/USD) |
Not available |
Not applicable |
Limited offering due to regulations |
Other Fees
VIBHS also has several other fees to consider. Deposit and withdrawal fees may apply, including a 1.50% fee for EU transactions and a 1.80% fee for non-EU transactions. Bank transfer fees can range from £15 to £40, depending on the method. Inactivity fees may be charged if the account remains dormant for an extended period. Additionally, VIBHS applies overnight interest (swap rates) on positions held past the daily rollover time, which can be positive or negative depending on the trade direction. Currency conversion fees may also apply when trading in currencies different from the account’s base currency.
