What Account Types and Fees Does RaiseFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Retail traders, beginners |
Low spreads, no commission, leverage up to 1:500 |
Minimum deposit of €200, suitable for both novice and experienced traders |
| Corporate Account |
Corporate entities |
Floating spreads from 0.0 pips, commission of $0.05 per lot |
Requires corporate documentation, minimum deposit of €200 |
| Islamic Account |
Muslim traders |
Swap-free trading conditions |
Must provide documentation proving eligibility |
| Demo Account |
All traders |
Practice trading without risk, full access to trading platform |
Available for all users to familiarize with the platform |
Account Opening Process
Opening an account with RaiseFX is a straightforward process that involves several steps:
1. Registration: Visit the RaiseFX website and create an account by entering your personal information such as name, email address, and phone number.
2. Identity Verification: Validate your identity by submitting necessary documents, including a government-issued ID and proof of address.
3. Financial Information Submission: Fill in details regarding your employment and financial status if required.
4. Deposit: Make your first deposit to activate your account. The minimum deposit is €200.
5. Account Flexibility: Once your account is set up, you have the option to 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 pricing for minors |
| CFDs (Stocks) |
1.5 |
$0.05 per lot |
Varies by stock |
| CFDs (Indices) |
1.0 |
$0.05 per lot |
Popular indices included |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, RaiseFX has several other costs to be aware of:
– Deposit/Withdrawal Fees: Generally, there are no fees for standard deposit methods, but wire transfers may incur charges.
– Inactivity Fees: An inactivity fee may apply if the account remains dormant for an extended period.
– Platform Usage Fees: No platform fees are charged for using the MetaTrader 5 platform.
– Overnight Interest (Swap Rates): Applicable for positions held overnight depending on the account type.
– Currency Conversion Fees: May apply when trading in a currency different from your account’s base currency.
