What Account Types and Fees Does Sword Capital Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Personal Account |
Beginners and individual traders |
Access to a range of trading instruments and demo account availability |
Suitable for personal trading and practice |
| Corporate Account |
Corporate clients and businesses |
Customizable services tailored for corporate needs |
Requires corporate documentation |
| IB Account |
Introducing brokers |
Commission structure for referring clients |
Designed for those looking to build a client base |
| Hedge Fund Account |
Institutional investors and hedge funds |
Specialized trading conditions for larger capital |
High trading volume qualifications apply |
| Demo Account |
All traders |
Practice trading without financial risk |
No financial commitment required |
Account Opening Process
The account opening process with Sword Capital involves several steps. Prospective clients need to submit personal information, including details about their employment and financial status. Following this, identity verification is required, which includes providing an ID and proof of address. It is also important to note that clients may have the flexibility to upgrade to a professional account later based on their trading activity and requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Market spread applies |
| CFDs (Stocks) |
Varies |
$0 |
Commission-free trading |
| CFDs (Indices) |
Varies |
$0 |
Commission-free trading |
| CFDs (Commodities) |
Varies |
$0 |
Commission-free trading |
| Cryptocurrencies |
Not Available |
N/A |
No cryptocurrency trading offered |
Other Fees
Additional fees that traders should be aware of include deposit and withdrawal fees, which may apply depending on the payment method used. Inactivity fees may also be charged if an account remains dormant for a specified period. Furthermore, platform usage fees may be applicable, as well as overnight interest (swap rates) for positions held overnight. Currency conversion fees may also occur when trading in different currencies.
