What Account Types and Fees Does Daiwa Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposits, user-friendly platform |
Suitable for small capital practice |
| Professional Account |
Experienced traders and professionals |
Higher leverage, tighter spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders seeking compliance with Sharia law |
Swap-free trading options |
Available upon request, requires declaration |
| Demo Account |
New traders and those wishing to practice |
Access to virtual funds and real market conditions |
No minimum deposit, risk-free environment |
Account Opening Process
To open an account with Daiwa, prospective traders should follow these steps: First, submit personal information including your full name, email address, and contact details. Next, provide employment and financial information to support your application. Following this, you will need to verify your identity by uploading necessary documents such as a government-issued ID and proof of address. Once your identity is confirmed, you can proceed to open your desired account type. Daiwa also offers flexibility in account types, allowing users to upgrade to a professional account later as their trading experience and volume increase.
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 pricing |
| CFDs (Stocks) |
0.1 |
$10 per lot |
Variable based on stock |
| CFDs (Indices) |
0.5 |
$5 per lot |
Includes major global indices |
| CFDs (Commodities) |
1.5 |
$8 per lot |
Various commodities available |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, Daiwa may impose several other costs including: Deposit/withdrawal fees which vary depending on the payment method chosen; Inactivity fees applied if the account remains dormant for a specified period; Platform usage fees may apply depending on the chosen services; Overnight interest (swap rates) could be charged on leveraged positions; Currency conversion fees might be applicable for accounts dealing in multiple currencies.
