What Account Types and Fees Does WORLD QUEST Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, user-friendly platform |
Ideal for small-capital practice |
| Professional Account |
Experienced traders |
High leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and businesses |
Custom services, enhanced trading conditions |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Complies with Sharia law, no overnight interest |
Available upon request, requires verification |
| Demo Account |
All types of traders for practice |
Risk-free environment, full access to platform features |
Perfect for testing strategies before live trading |
Account Opening Process
To open an account with WORLD QUEST, traders need to follow a straightforward process. First, they must submit personal information, including name, contact details, and employment information. Next, financial details are required to assess suitability. To complete the registration, identity verification is necessary, which includes providing a valid ID and proof of address. Additionally, WORLD QUEST offers account flexibility, allowing users to upgrade to a professional account once they meet the required trading volume and experience criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
0.2% |
$7 per lot |
Standard commission applies |
| CFDs (Indices) |
0.1% |
$7 per lot |
Variety of indices available |
| CFDs (Commodities) |
0.3% |
$7 per lot |
Includes metals and energy products |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable based on market conditions |
Other Fees
In addition to trading fees, WORLD QUEST has other costs to consider. There are no deposit or withdrawal fees, making it cost-effective for traders. However, an inactivity fee may apply if an account remains dormant for a specified period. Platform usage fees are not applicable, and overnight interest, also known as swap rates, may be charged on positions held overnight. It is important to note that currency conversion fees may apply for deposits in a different currency than the trading account’s base currency.
