What Account Types and Fees Does XBMarkets Offer?
| Account Type |
Target User Group |
Key Characteristics |
Applicability Notes |
| Bronze Account |
Beginners |
Low spreads starting from 1.8 pips |
Suitable for small-capital practice |
| Silver Account |
Intermediate Traders |
Spreads starting from 1.6 pips |
Designed for traders with some experience |
| Gold Account |
Experienced Traders |
Spreads starting from 1.4 pips |
Requires higher trading volume qualifications |
| Diamond Account |
High-net-worth Individuals |
Spreads starting from 1.2 pips |
Ideal for professional traders seeking advanced options |
Account Opening Process
To open an account with XBMarkets, traders must follow a straightforward process. First, they will need to register for a personal account by filling out an application form. This involves submitting personal, employment, and financial information. Additionally, identity verification is required, which includes providing a valid ID and proof of address. Traders have the flexibility to upgrade to a professional account later, depending on their trading experience and volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 |
Tight spreads for majors |
| Forex (Minor Pairs) |
1.2 |
$0 |
Competitive rates available |
| CFDs (Stocks) |
1.5 |
$0.1 |
Varies by stock |
| CFDs (Indices) |
1.0 |
$0.1 |
Includes major indices |
| CFDs (Commodities) |
1.0 |
$0.1 |
Gold and Oil included |
| Cryptocurrencies |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
XBMarkets may apply various fees associated with trading activities. These include potential deposit and withdrawal fees, inactivity fees for dormant accounts, and any applicable platform usage fees. Additionally, overnight interest rates (swap rates) may be charged for positions held overnight, and there could be currency conversion fees for transactions involving different currencies.
