What Account Types and Fees Does BISON Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, easy-to-use platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
High leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Swap-free trading, compliant with Sharia law |
Available upon request, must meet criteria |
| Demo Account |
All traders for practice |
No risk, virtual funds for trading |
Ideal for testing strategies without capital |
Account Opening Process
To open an account with BISON, follow these steps: Start by submitting your personal information, including your name, contact details, and date of birth. Next, provide employment information, which may include your employer’s name and your job title. Following that, submit your financial information, such as income details and net worth. Identity verification is crucial; you will need to provide a government-issued ID and proof of address. After your account is set up, you can enjoy the flexibility of upgrading to a professional account later if you meet the eligibility requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive spreads |
| CFDs (Stocks) |
0.1% |
$4 per lot |
Varied spreads based on liquidity |
| CFDs (Indices) |
0.5% |
$4 per lot |
Includes major global indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
BISON also has several other fees to be aware of: Deposit and withdrawal fees may apply depending on the chosen method. Inactivity fees are charged if the account remains dormant for an extended period. Platform usage fees are not applicable, ensuring no additional costs for trading. Overnight interest, also known as swap rates, may be charged or credited based on your positions held overnight. Currency conversion fees may apply when trading in different currencies.
