What Account Types and Fees Does Galaxy Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of trading instruments, user-friendly platform |
Minimum deposit required, suitable for small-capital trading |
| Professional Account |
Experienced traders and institutions |
Higher leverage, lower spreads, access to advanced trading tools |
Requires proof of trading experience or significant trading volume |
| Corporate Account |
Businesses and corporate clients |
Customizable services, multi-user access, dedicated account management |
Requires corporate documentation for account setup |
| Islamic Account |
Traders seeking Sharia-compliant trading |
Swap-free trading conditions, no overnight interest |
Available upon request, must comply with Islamic finance principles |
| Demo Account |
New traders and those testing strategies |
Practice trading with virtual funds, risk-free environment |
Available for all users, helps in familiarizing with the platform |
Account Opening Process
The process of opening an account with Galaxy Futures is designed to be straightforward:
1. Select Account Type: Choose the account type that best fits your trading needs.
2. Complete the Application: Fill out an online application form, providing personal, employment, and financial information.
3. Submit Identity Verification: Provide necessary documents, including a government-issued ID and proof of address.
4. Compliance Review: Your application will undergo a compliance review to verify the provided information.
5. Approval: Once approved, you will receive confirmation and can proceed to fund your account.
6. Fund Your Account: Deposit funds using various accepted methods.
7. Start Trading: Begin your trading journey using Galaxy Futures’s platforms. The account structure also allows for flexibility, enabling users to upgrade to a professional account as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major currency pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing for major pairs |
| CFDs (Stocks) |
1.5 |
$0.1 per share |
Access to a variety of global stocks |
| CFDs (Commodities) |
2.0 |
$0.5 per contract |
Includes oil and gold |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable spreads based on market conditions |
Other Fees
In addition to trading fees, Galaxy Futures may apply several other charges:
– Deposit/Withdrawal Fees: May vary based on the method used for transactions.
– Inactivity Fees: Charged if the account remains inactive for an extended period.
– Platform Usage Fees: Applicable for certain premium features or tools.
– Overnight Interest (Swap Rates): Fees may apply for holding positions overnight, unless using an Islamic account.
– Currency Conversion Fees: May be applicable for transactions involving different currencies.
