What Account Types and Fees Does TibiGlobe Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and professionals |
High leverage, tailored services |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Specialized services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free accounts |
Complies with Sharia law |
Available upon request |
| Demo Account |
New traders and those testing strategies |
Practice trading without risk |
No funding required |
Account Opening Process
To open an account with TibiGlobe, traders must follow a straightforward process. Initially, they will need to submit personal details, including their name, contact information, and date of birth. Following this, employment and financial information will be required to assess suitability for trading. Identity verification is crucial and involves providing a government-issued ID and proof of address. The process is designed to be efficient, and traders may enjoy the flexibility to upgrade to a professional account later if their trading experience and volume meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 (ECN: $3.5/lot) |
Competitive spreads for major pairs |
| Forex (Minor Pairs) |
Varies |
$6/lot |
Wider spreads compared to majors |
| CFDs (Stocks) |
Varies |
$0 |
Varies based on stock |
| CFDs (Indices) |
Varies |
$0 |
Competitive fees for index trading |
| CFDs (Commodities) |
Varies |
$0 |
Includes gold and oil |
| Cryptocurrencies |
Varies |
0.1% |
Fees depend on market conditions |
Other Fees
Traders should be aware of various other fees that may apply. These include potential deposit and withdrawal fees, which can vary by method. Inactivity fees could be charged if an account remains dormant for an extended period. Additionally, platform usage fees may apply, depending on the services used. Traders may also encounter overnight interest charges (swap rates) for holding positions overnight, along with potential currency conversion fees when trading assets in different currencies.
