What Account Types and Fees Does Market Trade Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to all trading instruments |
Suitable for traders with varying capital |
| Professional Account |
Experienced traders |
Higher leverage options, tailored services |
Requires proof of trading experience |
| Corporate Account |
Corporate clients |
Custom solutions for business trading |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading |
Requires verification of eligibility |
| Demo Account |
All traders |
Practice trading without risk |
Ideal for testing strategies |
Account Opening Process
To open an account with Market Trade, prospective traders must complete several steps. First, they need to submit personal information, including their name, address, and contact details. Following this, employment and financial information will be required to assess the applicant’s trading experience and financial background. Identity verification is necessary, which typically involves providing a form of ID and proof of address. Once the account is opened, there may be options for upgrading to a professional account later, depending on the trader’s needs and qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Competitive spreads available |
| CFDs (Stocks, Indices, Commodities) |
Varies |
$0 |
Commission may apply based on trading volume |
| Cryptocurrencies |
Varies |
$0 |
Dependent on market conditions |
Other Fees
Market Trade may also impose various fees related to trading activities. These can include deposit and withdrawal fees, which may vary depending on the payment method used. Inactivity fees could be charged if the account remains dormant for an extended period. Platform usage fees are not explicitly stated, and overnight interest (swap rates) may apply for positions held overnight. Additionally, currency conversion fees might be incurred when trading in different currencies.
