What Account Types and Fees Does XTrend Speed Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Competitive spreads and access to various trading instruments |
Minimum deposit of $50, suitable for small-capital trading |
| Pro Account |
Experienced traders |
Lower spreads and additional trading tools |
Requires higher trading volume qualifications |
| VIP Account |
High-volume traders |
Lowest spreads and exclusive features |
Eligibility based on trading volume and account size |
| Islamic Account |
Traders requiring compliance with Islamic finance principles |
Swap-free trading conditions |
Must provide necessary documentation for eligibility |
| Demo Account |
New traders |
Practice trading without financial risk |
Not available at XTrend Speed |
Account Opening Process
To open an account with XTrend Speed, follow these steps: First, visit the broker’s website and select the account opening option. You will need to provide personal information such as your name, email, and phone number. Next, submit identity verification documents, which may include a government-issued ID and proof of address. Once your identity is verified, you can proceed to deposit funds into your account. Note that account flexibility allows you to upgrade to a professional account later if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
Varies |
$0 |
Competitive spreads available |
| CFDs (Indices) |
Varies |
$0 |
Access to major indices |
| CFDs (Commodities) |
Varies |
$0 |
Includes popular commodities like gold and silver |
| Cryptocurrencies (BTC/USD) |
1.0% |
0.1% |
Fees may vary with market volatility |
Other Fees
In addition to trading fees, XTrend Speed may charge the following: Deposit and withdrawal fees may apply depending on the payment method. An inactivity fee could be incurred if the account remains dormant for an extended period. There may also be platform usage fees, overnight interest (swap rates) for positions held overnight, and currency conversion fees for transactions involving different currencies.
