What Account Types and Fees Does KGI SECURITIES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginner to intermediate traders |
Access to a wide range of trading instruments, low minimum deposit |
Suitable for individual traders looking to practice and grow |
| Professional Account |
Experienced traders |
Higher leverage options, tailored services |
Requires proven trading experience and higher trading volumes |
| Corporate Account |
Institutional clients |
Customizable trading solutions, dedicated account management |
Corporate documentation required for setup |
| Demo Account |
All levels of traders |
Risk-free environment for practice, virtual funds |
Ideal for new users to familiarize with the platform |
Account Opening Process
To open an account with KGI SECURITIES, prospective clients must complete several steps. Initially, they need to provide personal information, including name, date of birth, and contact details. Following this, employment and financial information must be submitted to assess suitability and risk profile. Identity verification is crucial, requiring documents such as a government-issued ID and proof of address, like a utility bill. Additionally, clients have the flexibility to upgrade to a professional account later if their trading volume and experience meet the necessary criteria.
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 spreads for minors |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varies by stock and market conditions |
| CFDs (Indices) |
1.0 |
$3 per lot |
Standard spreads for major indices |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Includes oil and gold |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, clients should be aware of other potential costs. KGI SECURITIES may charge deposit and withdrawal fees, depending on the payment method chosen. An inactivity fee may apply if an account remains dormant for an extended period. While there are no platform usage fees, traders should note that overnight interest (swap rates) may be incurred on positions held overnight. Finally, currency conversion fees may apply for transactions involving different currencies.
