What Account Types and Fees Does ACCM Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to various trading instruments, suitable for small-capital practice |
Basic account for individual traders |
| Professional Account |
Experienced traders |
Higher leverage options, advanced trading tools |
Eligibility requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom services and trading solutions tailored for businesses |
Requires corporate documentation for setup |
| Islamic Account |
Traders requiring a swap-free option |
Complies with Sharia law, no overnight interest |
Available upon request |
| Demo Account |
New traders and those testing strategies |
Practice trading without financial risk |
Used primarily for educational purposes |
Account Opening Process
To open an account with ACCM, traders need to follow a straightforward process. First, they must provide personal information, including name, contact details, and date of birth. Next, employment information is required, which may include the applicant’s occupation and employer details. Financial information is also necessary, such as income and trading experience. Identity verification is a critical step, requiring submission of a valid ID and proof of address, like a utility bill. Once the account is set up, traders have the flexibility to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 |
Tight spreads for major pairs |
| CFDs (S&P 500) |
1.0 |
$0 |
Competitive pricing for indices |
| CFDs (Crude Oil) |
1.5 |
$0 |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
$0.1 |
Variable depending on market conditions |
Other Fees
ACCM may impose various fees related to trading activities. These can include deposit and withdrawal fees, though specifics may vary based on the selected payment method. Inactivity fees may apply if an account remains unused for an extended period. Additionally, there could be platform usage fees for any proprietary tools provided, as well as overnight interest (swap rates) for positions held beyond the trading day. Currency conversion fees may also apply when trading in different currencies.
