What Account Types and Fees Does ACFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Accessible minimum deposit, standard trading features |
Suitable for small to medium-capital trading |
| Professional Account |
Experienced traders |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom services, tailored trading solutions |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Eligibility based on religious compliance |
| Demo Account |
All traders for practice |
Simulated trading environment |
Ideal for beginners to practice without real capital |
Account Opening Process
To open an account with ACFX, traders need to follow a straightforward process. Initially, they must submit personal information, including their name, contact details, and date of birth. Following this, employment and financial information will be required to assess the trader’s profile. ACFX also mandates identity verification, which involves providing a government-issued ID and proof of address, such as a utility bill or bank statement. The account structure allows for flexibility, enabling traders to upgrade to a professional account as their trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 0.3 |
$0 |
Tight spreads for major pairs |
| CFDs (Stocks, Indices) |
From 1.0 |
$X per lot |
Variable spreads depending on market conditions |
| Cryptocurrencies |
From 1.0% |
0.1% |
Dependent on market volatility |
Other Fees
Traders should be aware of additional costs that may apply when using ACFX. These include potential deposit and withdrawal fees, which can vary depending on the payment method chosen. Inactivity fees may also apply if an account remains dormant for an extended period. Additionally, traders might incur platform usage fees, overnight interest (swap rates) for positions held overnight, and currency conversion fees when dealing with different currencies.
