What Account Types and Fees Does Auric Markets Limited Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Accessible trading options with a straightforward setup |
Suitable for traders looking to explore forex and CFDs |
| Professional Account |
Experienced traders |
Potential for higher leverage and enhanced trading conditions |
Requires a certain trading volume or experience level |
| Demo Account |
All traders |
Risk-free practice environment to test strategies |
Ideal for newcomers wanting to familiarize themselves with trading |
Account Opening Process
To open an account with Auric Markets Limited, follow these steps: 1. Online Application: Visit the Auric Markets Limited website and click on the “Open Account” button. Fill out the online application form with your personal information, including your name, contact details, and residential address. 2. Submitting Information: You will need to provide additional information, including bank details for deposits and withdrawals. Upload scanned copies or clear photos of identification documents, such as a passport or driver’s license. 3. Examination and Review: After submitting your application and documents, Auric Markets Limited will review your information for compliance with internal policies. You will receive confirmation of the review process via email. 4. Deposit to Start Trading: Once approved, deposit funds into your trading account using the available methods. You can then log in to start trading forex and CFDs through the platform. Account flexibility allows you to upgrade to a professional account later on if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 |
Competitive spreads for trading |
| CFDs (Stocks) |
Variable |
$X per lot |
Commission applies per transaction |
| CFDs (Indices) |
Variable |
$X per lot |
Commission may apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, traders should be aware of the following potential costs: – Deposit/Withdrawal Fees: Costs associated with transferring funds to and from the trading account. – Inactivity Fees: Charges that may apply if the account remains inactive for a specified period. – Platform Usage Fees: Any fees related to using the trading platform, if applicable. – Overnight Interest (Swap Rates): Fees that may be incurred for holding positions overnight. – Currency Conversion Fees: Charges applied when converting funds between different currencies.
