What Account Types and Fees Does FXPremax Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Micro STP Account |
Beginners |
No minimum deposit, accessible trading environment |
Suitable for small-capital practice, maximum balance of USD 3,000 |
| Standard Fixed Account |
General Traders |
Fixed spreads, no maximum balance |
Suitable for various trading strategies, requires trading volume qualifications |
| Standard STP Account |
Experienced Traders |
Floating spreads, unlimited maximum balance |
Allows Expert Advisors, demo account available |
| ECN Account |
Professional Traders |
Market spreads from 0 pips, commissions based on trading volume |
Requires trading volume qualifications, allows Expert Advisors |
Account Opening Process
The account opening process with FXPremax involves several key steps. First, traders will need to submit personal information, including identification documents and proof of address for identity verification. This can typically be completed online. Additionally, applicants may need to provide employment and financial information. Once the account is set up, there is flexibility to upgrade to a professional account later, should trading needs change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads for major pairs |
| Forex (Minor Pairs) |
Varies |
$0 |
Higher spreads than major pairs |
| CFDs (Stocks) |
Varies |
$0 |
Depends on the underlying asset |
| CFDs (Indices) |
Varies |
$0 |
Market-dependent spreads |
| CFDs (Commodities) |
Varies |
$0 |
Standard market conditions apply |
| Cryptocurrencies |
Varies |
$0 |
Volatility affects spreads |
Other Fees
In addition to trading fees, FXPremax may charge for various services. Traders should be aware of potential deposit and withdrawal fees, which can vary by payment method. Inactivity fees may apply if an account remains dormant for an extended period. Platform usage fees are not mentioned, and traders should also consider overnight interest (swap rates) for positions held past the trading day. Currency conversion fees may apply when trading in different currencies.
