What Account Types and Fees Does Standard Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner and intermediate traders |
Low spreads, user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
High leverage, reduced fees |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customizable services, advanced trading tools |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Islamic finance compliance, no overnight fees |
Available to all traders upon request |
| Demo Account |
New traders or those testing strategies |
Practice trading with virtual funds |
No financial commitment required |
Account Opening Process
To open an account with Standard, you will need to follow a structured process. First, you will submit your personal information, including your name, address, and contact details. Next, you will provide employment and financial information, which may include your income sources and trading experience.
Identity verification is a crucial step, requiring you to present valid identification (such as a passport or driver’s license) and proof of address (like a utility bill). Once your documents are verified, you can proceed to fund your account. Notably, Standard offers account flexibility, allowing you to upgrade to a professional account later if your trading volume or experience qualifies you.
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 popular pairs |
| CFDs (Stocks) |
0.1 |
$0.01 per share |
Access to global markets |
| CFDs (Commodities) |
2.0 |
$10 per lot |
Variety of commodity options |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Standard applies several other charges that traders should be aware of:
– Deposit/Withdrawal Fees: Standard may charge fees depending on the payment method used for deposits and withdrawals.
– Inactivity Fees: Accounts that remain inactive for a specified duration may incur inactivity fees.
– Platform Usage Fees: Some specific trading platforms may have usage fees.
– Overnight Interest (Swap Rates): Standard applies swap rates for positions held overnight, which can vary based on market conditions.
– Currency Conversion Fees: When trading in different currencies, conversion fees may apply, depending on the account structure and payment method.
