What Account Types and Fees Does AC FOREX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, easy access to trading tools |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage, reduced spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders following Islamic finance principles |
Swap-free trading options |
Eligibility based on religious compliance |
| Demo Account |
New traders for practice |
Risk-free trading environment, access to all features |
Ideal for testing strategies without financial risk |
Account Opening Process
Opening an account with AC FOREX is a straightforward process:
1. Research and Choose Account Type: Evaluate the different account types available, such as Retail, Professional, Islamic, or Corporate, to find the one that fits your trading needs.
2. Complete the Application: Fill out the online application form, providing personal information including your name, email address, date of birth, and residential address.
3. Verify Identity: Submit identification documents, such as a passport or driver’s license, along with a proof of address (e.g., utility bill).
4. Fund Your Trading Account: Deposit the minimum required amount using available payment methods.
5. Download Trading Platform: Access and install the trading platform (e.g., MT4) on your device.
6. Start Trading: After funding your account and familiarizing yourself with the platform, you can begin trading in the forex market.
AC FOREX also offers account flexibility, allowing users 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 |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads for majors |
| CFDs (Gold) |
3.0 |
$0 |
Standard spreads apply |
| CFDs (Indices) |
1.5 |
$0 |
Varies by index |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, AC FOREX may charge other fees, including:
– Deposit/Withdrawal Fees: Costs may apply depending on the payment method chosen.
– Inactivity Fees: Fees may be incurred if the account is inactive for an extended period.
– Platform Usage Fees: No additional charges for using trading platforms, unless specified.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, depending on the account type.
– Currency Conversion Fees: Charges may apply for converting currencies during trading operations.
