What Account Types and Fees Does Aurum Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Cent Account |
Beginner Traders |
Minimum deposit of $10, low spreads from 2.0 pips |
Ideal for small-capital practice |
| Standard Account |
Smart Traders |
Minimum deposit of $50, tight spreads starting from 1.8 pips |
Designed for regular traders |
| Ultra Account |
Experienced Traders |
Minimum deposit of $200, spreads starting from 0.9 pips |
Best for traders seeking lower transaction costs |
| Elite (ECN) Account |
Professional Traders |
Raw spreads, $7 commission per lot, minimum deposit of $1,000 |
Suitable for high-volume trading |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free, available across all account types |
Requires documentation for eligibility |
Account Opening Process
To open an account with Aurum Markets, follow these steps: 1. Begin by clicking the Sign Up button on the official website. 2. Fill in your personal details, including your first and last name, country, phone number, and email address. 3. Confirm your email through the PIN code received. 4. Submit identity verification documents, including a government-issued ID and proof of address. 5. Once verified, you can fund your account and start trading. Additionally, you have the flexibility to upgrade to a professional account as your trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $7/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $7/lot) |
Competitive pricing |
| CFDs (Gold) |
2.0 |
$0 |
Standard pricing for commodities |
| CFDs (Oil) |
3.0 |
$0 |
Applicable during high volatility |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable spreads based on market conditions |
Other Fees
When trading with Aurum Markets, be mindful of additional fees that may apply: – Deposit/Withdrawal Fees: Zero fees for deposits and withdrawals. – Inactivity Fees: An inactivity fee may be charged after a period of no trading activity. – Platform Usage Fees: No platform fees are applied for using MetaTrader 4 or MetaTrader 5. – Overnight Interest (Swap Rates): Applicable for accounts not marked as swap-free. – Currency Conversion Fees: May apply depending on the account currency and transaction type.
