What Account Types and Fees Does CGS International Offer?
| Account Type |
Target User Group |
Key Characteristics |
Applicability Notes |
| Retail Account |
Beginners and individual traders |
Access to various markets and instruments |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Low spreads and potential for higher leverage |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services for business trading |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliant with Islamic finance principles |
Available upon request |
| Demo Account |
All traders |
Practice trading without financial risk |
Ideal for familiarization with the platform |
Account Opening Process
To open an account with CGS International, prospective clients need to follow several steps. Initially, they must submit personal information, which includes their name, contact details, and date of birth. Following this, employment information is required, detailing the individual’s occupation and employer. Financial information is also necessary, including details about income and trading experience. Additionally, clients must undergo identity verification by providing an identification document and proof of address. Once the initial account is set up, clients may have the flexibility to upgrade to a professional account in the future if their trading needs change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.7 |
$0 |
Competitive spreads for major currency pairs |
| Forex (Minor Pairs) |
1.0 |
$0 |
Broader spreads for less common pairs |
| CFDs (Stocks) |
Varies |
$0 |
Spreads depend on the underlying asset |
| CFDs (Indices) |
Varies |
$0 |
Dependent on market conditions |
| CFDs (Commodities) |
Varies |
$0 |
Market-dependent spreads |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Clients should be aware of additional fees that may apply when trading with CGS International. These can include deposit and withdrawal fees, which vary depending on the payment method chosen. Inactivity fees may also be charged if an account is not active for a specified period. While platform usage fees are not mentioned explicitly, clients should check for any potential costs associated with the trading platform. Furthermore, overnight interest rates (swap rates) may apply for positions held overnight, and currency conversion fees could be incurred for trades involving different currencies.
