What Account Types and Fees Does Savexa Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Classic Account |
Beginners |
Low spreads, basic features |
Suitable for traders with small capital |
| Silver Account |
Intermediate traders |
Enhanced features, moderate spreads |
Requires a minimum trading volume |
| Gold Account |
Experienced traders |
Lower spreads, higher leverage |
Ideal for traders seeking better conditions |
| Platinum Account |
Advanced traders |
Premium services, tight spreads |
Requires significant trading activity |
| VIP Account |
High-volume traders |
Exclusive benefits, personalized service |
Requires corporate documentation |
Account Opening Process
To open an account with Savexa, users need to follow a structured process. Initially, they will be required to submit personal information, including identity verification documents such as an ID and proof of address. Additionally, employment and financial information may also be necessary. This account opening process is designed to ensure compliance with industry standards. It is noteworthy that Savexa offers account flexibility, allowing users to upgrade to a professional account later if they meet the eligibility criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 2.5 |
$0 |
Competitive spreads for major pairs |
| Forex (Minor Pairs) |
Varies |
$0 |
Spreads may vary based on liquidity |
| CFDs (Stocks) |
Varies |
Variable commissions |
Dependent on the stock and market conditions |
| CFDs (Indices) |
Varies |
Variable commissions |
Market conditions affect fees |
| Commodities |
Varies |
Variable commissions |
Depends on the commodity traded |
| Cryptocurrencies |
Varies |
Variable commissions |
Fees may fluctuate based on market volatility |
Other Fees
Clients should be aware of several additional fees that may apply when trading with Savexa. These include potential deposit and withdrawal fees, which can vary based on the payment method used. Inactivity fees may also be charged for accounts that remain dormant for a specified period. Furthermore, platform usage fees may apply, along with overnight interest rates (swap rates) for positions held overnight. Lastly, currency conversion fees may be incurred when trading in different currencies.
