What Account Types and Fees Does Exfor Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and Casual Traders |
Low minimum deposit, accessible trading environment |
Suitable for small-capital practice with a minimum deposit of $50 |
| Pro Account |
Experienced Traders |
Higher leverage, advanced trading features |
Requires a minimum deposit of $3000, designed for serious traders |
| Islamic Account |
Traders Seeking Compliance with Sharia Law |
Swap-free trading options |
Available for those who require a compliant trading environment |
| Demo Account |
All Trader Levels |
Practice trading strategies without financial risk |
Ideal for beginners to familiarize themselves with the trading platform |
Account Opening Process
To open an account with Exfor, traders need to follow a series of straightforward steps. Initially, they must provide personal, employment, and financial information. This includes submitting identity verification documents, such as a government-issued ID and proof of address, to comply with regulatory requirements. After the initial registration, there is flexibility for traders to upgrade to a professional account if their trading volumes increase and they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.8 |
$0 |
Competitive spreads available for major currency pairs |
| CFDs (Stocks) |
Variable |
$0 |
Spreads may vary depending on the market conditions |
| CFDs (Indices) |
Variable |
$0 |
Depends on the specific index being traded |
| CFDs (Commodities) |
Variable |
$0 |
Specific spreads depend on the commodity |
| Cryptocurrencies |
Variable |
$0 |
Spreads may fluctuate based on market volatility |
Other Fees
Exfor has several additional fees that traders should be aware of. These may include deposit and withdrawal fees, which can vary depending on the payment method chosen. There may also be inactivity fees charged if an account remains dormant for an extended period. Traders should consider platform usage fees, if applicable, as well as overnight interest (swap rates) for positions held overnight. Additionally, currency conversion fees may apply when trading in different currencies.
