What Account Types and Fees Does WavFx Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Basic Account |
Beginners |
Access to Forex market, floating spreads, leverage up to 1:100 |
Minimum deposit of $200 |
| Classic Account |
Intermediate traders |
Access to Forex and Commodities, floating spreads, leverage up to 1:200 |
Minimum deposit of $2,500 |
| Advanced Account |
Experienced traders |
Access to Forex, Commodities, and Indices, leverage up to 1:300 |
Minimum deposit of $5,000 |
| Pro Account |
Professional traders |
Access to multiple markets, leverage up to 1:1000 |
Minimum deposit of $10,000 |
| VIP Account |
High-volume traders |
Access to all markets, leverage up to 1:1500 |
Minimum deposit of $50,000 |
| Investor Account |
Professional investors |
Access to all markets, leverage up to 1:2000 |
No minimum deposit specified |
Account Opening Process
To open an account with WavFx, follow these steps: First, visit the WavFx website and click on the “Client Areas” or “Start Trading” button. Next, click on “Haven’t registered yet?” and complete the registration form. After signing up, you will receive a personal account login via email. Select your desired account type and fill out the online application. You will need to submit personal, employment, and financial information, including identity verification documents such as an ID and proof of address. Finally, proceed to deposit funds into your account. Note that there is flexibility to upgrade to a professional account later if your trading requirements change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.0 |
Included |
Tight spreads available |
| CFDs (Indices) |
Varies |
Included |
Spreads based on market conditions |
| CFDs (Commodities) |
Varies |
Included |
Spreads based on market conditions |
| Cryptos (BTC/USD) |
Varies |
Included |
Variable depending on volatility |
Other Fees
WavFx may apply various fees, including deposit and withdrawal fees, though the broker states there are no internal costs for these transactions. Inactivity fees may apply if an account remains dormant for an extended period. Traders should also be aware of potential overnight interest (swap rates) for positions held overnight. Currency conversion fees may apply when trading in currencies different from the account currency.
