What Account Types and Fees Does AIMSCAP Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners and general traders |
No commission on trades |
Minimum deposit of $50 required |
| MAM Account |
Money managers and experienced traders |
Designed for managing multiple accounts |
Requires proof of management capability |
| Demo Account |
New traders |
Practice trading in real-time market conditions |
Available for all users to familiarize with the platform |
Account Opening Process
To open an account with AIMSCAP, traders must complete several steps. Initially, users will need to provide personal information, including their name, address, and contact details. Following this, employment and financial information must be submitted, which helps the broker understand the user’s trading profile. Identity verification is also required, necessitating a government-issued ID and proof of address to ensure compliance with regulatory standards. Once the account is set up, users have the flexibility to upgrade to a professional account or switch between account types as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 2 |
$0 |
No commission on trades |
| Forex (Minor Pairs) |
From 2 |
$0 |
No commission on trades |
| CFDs (Stocks) |
Varies |
$0 |
Commission-free trading |
| CFDs (Indices) |
Varies |
$0 |
Commission-free trading |
| CFDs (Commodities) |
Varies |
$0 |
Commission-free trading |
| Cryptocurrencies |
N/A |
N/A |
No trading available |
Other Fees
Traders may encounter several other fees while using AIMSCAP. These include deposit and withdrawal fees, although AIMSCAP does not charge fees for these transactions. Inactivity fees may apply if accounts remain dormant for extended periods. Additionally, platform usage fees are not specified, and overnight interest (swap rates) may apply depending on the positions held overnight. Currency conversion fees may also be applicable for transactions involving different currencies.
