What Account Types and Fees Does Earn Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface, educational resources |
Ideal for new traders looking to learn the basics |
| Professional Account |
Experienced traders and institutional clients |
Higher leverage, advanced trading tools, lower spreads |
Requires trading experience and higher minimum deposit |
| Corporate Account |
Businesses and corporate clients |
Customizable trading solutions, dedicated account manager |
Requires corporate documentation and verification |
| Islamic Account |
Traders requiring Sharia-compliant conditions |
Swap-free trading, no interest charges |
Available to all traders who meet the Islamic finance criteria |
| Demo Account |
New traders and those testing strategies |
Risk-free trading environment, practice with virtual funds |
Available for anyone wanting to practice trading without risk |
Account Opening Process
To open an account with Earn, follow these steps:
1. Personal Information: Complete the initial registration by providing personal details including your name, email, and phone number.
2. Employment Information: Enter your employment details to verify your financial background.
3. Financial Information: Submit financial details including income and investment experience to assess your trading needs.
4. Identity Verification: Upload necessary documents for identity verification, such as a government-issued ID and proof of address.
5. Account Flexibility: Once your account is set up, you can easily upgrade to a professional account based on your trading volume and experience in the future.
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 spreads for minor pairs |
| CFDs (Stock Index) |
1.5 |
$5 per lot |
Variable based on market conditions |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Includes major commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable fees depending on liquidity |
Other Fees
In addition to trading fees, you may encounter the following costs:
– Deposit/Withdrawal Fees: Some methods may incur fees; check specific payment options for details.
– Inactivity Fees: Accounts inactive for a certain period may be charged a fee.
– Platform Usage Fees: No additional fees for using the trading platform itself.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, varies by account type and asset class.
– Currency Conversion Fees: Charged for converting currencies during trading or fund transfers.
