What Account Types and Fees Does EC Investment Bank Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and intermediate traders |
Competitive spreads starting from 1.2 pips, low minimum deposit |
Suitable for those starting with small capital |
| Professional Account |
Experienced traders |
Tighter spreads starting from 0.0 pips, commission of $3 per lot |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders needing Sharia-compliant options |
Swap-free trading, competitive spreads |
Must adhere to specific eligibility requirements |
| Demo Account |
All traders |
Risk-free environment for practice, access to all trading features |
Ideal for testing strategies and platform familiarity |
Account Opening Process
To open an account with EC Investment Bank, prospective clients need to follow a straightforward process. First, they will need to submit personal information, including their name, contact details, and date of birth. Next, applicants are required to provide employment information, detailing their current job and income source. Financial information, such as trading experience and investment goals, must also be disclosed.
An essential part of the account opening process is identity verification. Clients must upload documents such as a government-issued ID and proof of address, ensuring compliance with regulatory standards.
Additionally, EC Investment Bank offers account flexibility, allowing clients to upgrade from a retail to a professional account later, depending on their trading volume and experience.
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 for popular pairs |
| CFDs (Stocks) |
1.5 |
$0.1 |
Varied spreads based on liquidity |
| CFDs (Indices) |
1.0 |
$0.1 |
Reflects market conditions |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Clients should be aware of additional fees that may apply when trading with EC Investment Bank.
Deposit and withdrawal fees are generally non-existent; however, clients should check for any charges related to specific payment methods. Inactivity fees may be charged if an account remains dormant for an extended period.
Platform usage fees are not applicable, ensuring traders can use the services without extra costs. Additionally, overnight interest, known as swap rates, applies to positions held overnight, which traders should consider when managing their trades. Currency conversion fees may also apply when trading in different fiat currencies.
