What Account Types and Fees Does Axpo Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, user-friendly interface, educational resources |
Suitable for small-scale trading and learning |
| Professional Account |
Experienced traders |
Higher leverage, lower spreads, access to advanced tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customizable services, dedicated account management |
Requires corporate documentation and higher minimum deposit |
| Islamic Account |
Traders requiring swap-free options |
Compliant with Sharia law, no overnight interest |
Requires verification of eligibility for Islamic finance |
| Demo Account |
All traders |
Practice trading without risk, virtual funds |
Ideal for testing strategies before live trading |
Account Opening Process
To open an account with Axpo, follow these steps:
1. Personal Information Submission: Provide your name, email, and phone number.
2. Employment Information: Fill in your employment status and occupation details.
3. Financial Information: Disclose your financial situation, including income and investment experience.
4. Identity Verification: Upload necessary documents such as a government-issued ID and proof of address (e.g., utility bill).
5. Account Flexibility: You can upgrade to a professional account later if you meet the qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing |
| CFDs (Stocks) |
0.1% |
$0.02 per share |
Varies by stock |
| CFDs (Indices) |
0.5% |
$0 |
Low cost for index trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Axpo may charge the following:
– Deposit/Withdrawal Fees: Generally low or no fees, but may vary by method.
– Inactivity Fees: Applicable to accounts that remain inactive for an extended period.
– Platform Usage Fees: None, as Axpo offers its trading platform for free.
– Overnight Interest (Swap Rates): Charged based on the positions held overnight, particularly for non-Islamic accounts.
– Currency Conversion Fees: May apply if deposits or withdrawals are made in currencies other than the account’s base currency.
