What Account Types and Fees Does ADCB Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and individual traders |
Access to a variety of trading instruments |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Potential for higher leverage and lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Business clients |
Customizable trading solutions |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Available upon request |
| Demo Account |
Novice traders |
Practice trading without financial risk |
Ideal for testing strategies |
Account Opening Process
To open an account with ADCB, clients will need to follow several steps. First, personal information such as name, contact details, and date of birth must be submitted. Next, employment and financial information will be required to assess the client’s trading profile. Identity verification is essential, which includes providing a government-issued ID and proof of address. Once the account is opened, clients may have the flexibility to upgrade to a professional account as their trading experience and requirements evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads available for major pairs |
| CFDs (Stocks) |
Varies |
$X per lot |
Applicable on selected stocks |
| CFDs (Indices) |
Varies |
$X per lot |
Includes major indices like S&P 500 |
| CFDs (Commodities) |
Varies |
$X per lot |
Includes gold and oil commodities |
| Cryptos (BTC/USD) |
Varies |
$X |
Prices may fluctuate due to market volatility |
Other Fees
ADCB may impose various fees that clients should be aware of. These can include deposit and withdrawal fees, which may vary depending on the method used. Inactivity fees may apply to accounts that remain dormant for prolonged periods. Additionally, there can be platform usage fees if applicable, along with overnight interest charges (swap rates) for holding positions overnight. Currency conversion fees may also be incurred for transactions made in different currencies.
