What Account Types and Fees Does Cheung’s Gold Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface |
Suitable for small-capital practice and learning |
| Professional Account |
Experienced traders and professionals |
High leverage, tight spreads, advanced trading tools |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading, tailored for Islamic finance |
Requires a declaration of Islamic trading principles |
| Demo Account |
All traders for practice |
Risk-free environment, access to trading tools |
Available to anyone for practicing trading skills |
Account Opening Process
To open an account with Cheung’s Gold, follow these steps:
1. Visit the Official Website: Go to Cheung’s Gold’s official website to start the registration process.
2. Download the MT4 Client Terminal: Locate and download the MT4 client terminal from the website.
3. Complete the Application: Fill out the account opening form and customer agreement. Submit the original agreement along with necessary documents, including personal identification.
4. Identity Verification: Provide identity verification documents such as a government-issued ID and proof of address.
5. Account Confirmation: Wait for the customer service team to contact you to confirm your registration and provide further instructions.
6. Account Flexibility: Note that you can upgrade to a professional account in the future if you meet the necessary trading experience criteria.
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 on major pairs |
| CFDs (Gold) |
0.5 |
$0 |
Low-cost trading for gold |
| CFDs (Indices) |
1.5 |
$2 |
Standard fees for index trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Cheung’s Gold may charge the following fees:
– Deposit/Withdrawal Fees: Fees may apply for bank transfers and other methods.
– Inactivity Fees: An inactivity fee may be charged if the account remains dormant for an extended period.
– Platform Usage Fees: No explicit fees for using the MT4 platform, but check for any service charges.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, depending on the account type.
– Currency Conversion Fees: Fees may apply for converting currencies during transactions.
