What Account Types and Fees Does Dragon Capital Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low spreads, easy access to trading tools |
Suitable for small-capital practice, no trading volume requirements |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading features |
Requires proof of trading experience and volume qualifications |
| Corporate Account |
Corporate clients |
Custom services, dedicated account manager |
Requires corporate documentation and verification |
| Islamic Account |
Traders adhering to Islamic finance principles |
Swap-free trading |
Must provide proof of adherence to Islamic finance |
| Demo Account |
All traders |
Practice trading with virtual funds |
No minimum deposit required, ideal for beginners |
Account Opening Process
To open an account with Dragon Capital, prospective clients must follow a straightforward process. It begins with the submission of personal information, including full name, date of birth, and contact details. Next, applicants are required to provide employment details and financial information, including income sources and trading experience.
Identity verification is critical, necessitating the submission of a government-issued ID and proof of address, such as a utility bill or bank statement. This ensures compliance with regulatory requirements. Dragon Capital also offers account flexibility, allowing clients to upgrade from a retail to a professional account as their trading experience and volume increase.
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 GBP pairs |
| CFDs (Stocks) |
0.2% |
$10 per lot |
Varied spreads depending on the stock |
| CFDs (Indices) |
0.5% |
$5 per lot |
Major indices available for trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, clients should be aware of other potential costs associated with their accounts. 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 typically not charged, but clients should verify this based on their account type. Additionally, overnight interest (swap rates) may be applicable on positions held overnight, and currency conversion fees may be incurred when trading in different currencies.
