What Account Types and Fees Does CFE Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, easy access to trading tools |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and institutions |
Higher leverage, reduced spreads |
Requires trading volume qualifications |
| Corporate Account |
Business entities |
Custom services, multi-user access |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Must apply for eligibility |
| Demo Account |
New traders and those testing strategies |
Practice trading with virtual funds |
No financial commitment required |
Account Opening Process
To open an account with CFE, users must complete a series of steps: First, they will need to submit personal, employment, and financial information. This includes identity verification documents such as a government-issued ID and proof of address. Once these documents are reviewed and approved, the account will be created. It is noteworthy that CFE offers account flexibility, allowing users to upgrade from a retail to a professional account as they gain experience and meet the necessary criteria.
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 pricing |
| CFDs (AAPL) |
1.5 |
$0 (ECN: $3.5/lot) |
Access to major stocks |
| CFDs (Gold) |
0.5 |
$0 (ECN: $3.5/lot) |
Varied product offerings |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, CFE may impose other costs, including: Deposit and withdrawal fees (varies by method), inactivity fees for accounts not used for an extended period, and possible platform usage fees if applicable. Traders should also be aware of overnight interest (swap rates) that might apply to held positions, as well as currency conversion fees for transactions in different currencies.
