What Account Types and Fees Does Sunward Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for those new to trading |
| Professional Account |
Experienced traders |
High leverage, advanced trading tools |
Requires a specified trading volume |
| Corporate Account |
Corporate clients |
Customizable trading solutions |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law, no overnight swaps |
Available to eligible individuals |
| Demo Account |
All traders |
Practice trading with virtual funds |
No capital required for practice |
Account Opening Process
To open an account with Sunward, applicants must follow a straightforward procedure. First, they need to provide personal information, including their name, address, date of birth, and other identification details. Employment and financial information will also need to be submitted. Identity verification is an essential step, requiring documents such as a driver’s license and proof of address. It is worth noting that account flexibility allows users to upgrade to a professional account later as their trading experience and requirements evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing |
| CFDs (Stocks) |
0.1% |
$10 per lot |
Varied spreads based on stock |
| CFDs (Indices) |
0.5% |
$5 per lot |
Popular indices available |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Sunward has several additional fees that traders should be aware of. These include deposit and withdrawal fees, which may vary based on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Platform usage fees are not applicable, ensuring that traders can utilize the trading platform without additional costs. Overnight interest, also known as swap rates, will be charged on positions held overnight. Currency conversion fees may apply when trading in different currencies, depending on the account’s base currency.
