What Account Types and Fees Does Easy Forex Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Low minimum deposit, wide spreads |
Ideal for small-capital practice |
| Premium Account |
Serious traders |
Tighter spreads, better trading conditions |
Requires a minimum deposit of $2,000 |
| VIP Account |
Experienced traders |
Exclusive benefits, personalized support |
Requires a minimum deposit of $10,000 |
| Islamic Account |
Traders following Islamic finance principles |
Swap-free, compliant with Sharia law |
Application required to set up |
| Demo Account |
All traders |
Practice trading without financial risk |
No real funds involved; ideal for testing strategies |
Account Opening Process
To open an account with Easy Forex, follow these steps: 1. Choose the Account Type: Select the account that best fits your trading needs. 2. Complete the Application: Fill out the online registration form with your personal details, including name, address, and contact information. 3. Verify Your Identity: Upload documents such as a passport or driver’s license and proof of address (like a utility bill). 4. Fund Your Account: Deposit funds via various payment methods like bank transfers or credit cards; minimum deposit varies by account type. 5. Download the Trading Platform: Install the Easy Forex trading platform on your device. 6. Start Trading: Once funded, you can begin trading. Additionally, you can upgrade to a professional account later if your trading volume qualifies.
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 traders |
| CFDs (Stocks) |
0.2 |
$5 per lot |
Standard rates apply |
| CFDs (Commodities) |
1.5 |
$3 per lot |
Varies by commodity |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Easy Forex also has additional fees that traders should be aware of: – Deposit/Withdrawal Fees: Certain payment methods may incur fees. – Inactivity Fees: Accounts that remain inactive for an extended period may be charged. – Platform Usage Fees: No significant fees apply, but check for specific conditions. – Overnight Interest (Swap Rates): Applicable for accounts not designated as Islamic. – Currency Conversion Fees: May apply depending on the account’s base currency and transactions.
