What Account Types and Fees Does DBG Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account (STD) |
Beginners and general traders |
Spreads from 1.6 pips, no commission |
Minimum deposit of $100, ideal for novice traders |
| ECN Account |
Experienced and high-frequency traders |
Spreads from 0 pips, $6 commission per trade |
Suitable for traders requiring tight spreads and quick execution |
| VIP Account |
Professional and high-capital traders |
Spreads from 0.6 pips, no commission |
Requires minimum deposit of $300, tailored for larger trades |
Account Opening Process
To open an account with DBG Markets, follow these steps:
1. Visit the DBG Markets official website.
2. Click on the “Open an Account” button on the homepage.
3. Complete the registration form with personal information, including your full name, email address, phone number, and country of residence.
4. Agree to the terms and conditions before submitting your application.
5. Complete identity verification by uploading relevant documents (ID and proof of address).
6. Wait for your application to be approved and identity verified.
7. Fund your account and start trading.
This process allows for flexibility, including the option to upgrade to a professional account later.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $6/lot) |
Tight spreads for major pairs |
| CFDs (Stocks) |
1.0 |
$5 |
Pricing based on stock volatility |
| CFDs (Indices) |
1.5 |
$5 |
Standard spreads apply |
| CFDs (Commodities) |
2.0 |
$5 |
Varies with market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable based on market volatility |
Other Fees
DBG Markets has several other fees that traders should be aware of:
– Deposit/Withdrawal Fees: No fees for deposits or withdrawals; however, bank transfers may take 1-3 days.
– Inactivity Fees: Accounts inactive for more than six months may incur fees.
– Platform Usage Fees: There are no additional fees for using the trading platforms (MT4/MT5).
– Overnight Interest (Swap Rates): Applicable for positions held overnight, rates vary by instrument.
– Currency Conversion Fees: May apply if trading with an account base currency different from the trading instrument’s currency.
