What Account Types and Fees Does W7 Broker&Trading Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard ECN Account |
Beginners and those seeking to practice live trading |
Spreads starting from 1.0 pips, commission fees of $6.50 per lot |
Minimum deposit of $100; allows for a minimum trade size of 0.01 lots |
| Professional ECN Account |
Traders with commercial experience |
Tighter spreads starting from 0.6 pips, lower commission fees of $5.00 per lot |
Higher minimum deposit of $10,000; maintains a minimum trade size of 0.01 lots |
| Privilege ECN Account |
Experienced traders with significant capital |
Tightest spreads starting from 0.3 pips, lowest commission fees of $4.00 per lot |
Substantial minimum deposit requirement of $100,000; minimum trade size of 0.01 lots |
| Demo Account |
All levels of traders |
Practice trading with virtual funds |
Available for anyone to test strategies in a risk-free environment |
Account Opening Process
The account opening process with W7 Broker&Trading involves several steps. First, traders need to visit the broker’s official website and select the option to open a live or demo account. They will be required to provide personal information including their name, phone number, nationality, city of residence, and email address. After submitting the information, traders must undergo identity verification by providing an ID and proof of address. Once the registration is complete, traders can start with a standard account and have the flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
1.0 |
$6.50 per lot |
Standard ECN account |
| Forex (Professional Pairs) |
0.6 |
$5.00 per lot |
Professional ECN account |
| Forex (Privilege Pairs) |
0.3 |
$4.00 per lot |
Privilege ECN account |
| CFDs (Stocks) |
Variable |
Variable |
Depends on the specific contract |
| CFDs (Indices) |
Variable |
Variable |
Depends on the specific contract |
| CFDs (Commodities) |
Variable |
Variable |
Depends on the specific contract |
| Cryptocurrencies |
Variable |
Variable |
Depends on the specific cryptocurrency |
Other Fees
W7 Broker&Trading does not charge any deposit or withdrawal fees. However, traders should be aware of potential inactivity fees that may apply if accounts remain dormant for an extended period. Additionally, there may be overnight interest charges related to positions held overnight, also known as swap rates. Currency conversion fees could apply depending on the payment methods chosen by the trader.
