What Account Types and Fees Does GivTrade Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Classic Account |
Novice and experienced traders |
Commission-free trading |
Suitable for small-capital practice |
| VIP Account |
Experienced traders |
Tight spreads |
Higher trading volume recommended |
| Islamic Account |
Traders requiring swap-free options |
Complies with Islamic finance principles |
Available upon request for existing accounts |
| Demo Account |
All traders |
Practice trading without financial risk |
Ideal for testing strategies |
Account Opening Process
To open an account with GivTrade, potential clients must complete several steps. First, they need to submit personal information, including full name, date of birth, and contact details. Next, employment information, such as current occupation and employer details, is required. Following this, financial information, including income and trading experience, must be provided. Identity verification is essential, requiring submission of a valid ID and proof of address. Importantly, GivTrade allows flexibility in account management, enabling traders to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
1.2 |
$0 |
Commission-free on Classic Account |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$0 |
Competitive spreads on various products |
| Cryptocurrencies (e.g., BTC/USD) |
Varies |
$0 |
No commissions on crypto trading |
Other Fees
GivTrade does not impose any deposit or withdrawal fees, making transactions cost-effective for clients. Additionally, there are no inactivity fees, which is advantageous for traders who do not engage in frequent trading. The platform does not charge for usage, and overnight interest (swap rates) may apply depending on the positions held. Currency conversion fees may be applicable for trades involving different currencies, so traders should consider this when planning their strategies.
