What Account Types and Fees Does RUIDA FUTURES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner to intermediate traders |
Low spreads, educational resources, user-friendly interface |
Suitable for small-capital practice, no prior trading experience required |
| Professional Account |
Experienced traders |
High leverage, access to advanced trading tools, tighter spreads |
Requires minimum trading volume qualifications |
| Corporate Account |
Businesses and institutions |
Tailored services, dedicated account management, competitive pricing |
Requires corporate documentation and verification |
| Islamic Account |
Traders requiring Sharia-compliant trading |
Swap-free trading conditions, no interest fees |
Eligibility based on religious criteria |
| Demo Account |
All traders |
Practice trading without risk, access to real market conditions |
Ideal for testing strategies and platform features |
Account Opening Process
To open an account with RUIDA FUTURES, follow these steps:
1. Submit personal information, including name, email, phone number, and address.
2. Provide employment information, detailing your job title and employer.
3. Enter financial details, including income and trading experience.
4. Complete identity verification by uploading a government-issued ID and proof of address (like a utility bill).
5. After your application is reviewed, you will receive confirmation to access your account.
6. RUIDA FUTURES allows flexibility to upgrade from a Retail to a Professional Account as trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Accessible for both novice and professional traders |
| CFDs (S&P 500) |
1.5 |
$0.5 per lot |
Competitive pricing on popular indices |
| CFDs (Gold) |
0.3 |
$1.0 per lot |
Attractive for commodity traders |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable due to market volatility |
Other Fees
In addition to trading fees, RUIDA FUTURES may apply the following charges:
– Deposit/Withdrawal Fees: Generally, no fees for bank transfers, but check for specific payment methods.
– Inactivity Fees: Accounts inactive for over 12 months may incur a fee.
– Platform Usage Fees: No monthly fees for standard account usage.
– Overnight Interest: Swap rates apply for positions held overnight, varying by account type.
– Currency Conversion Fees: Applicable when trading in currencies other than your account base currency.
