What Account Types and Fees Does Galaxy Futures Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Accessible minimum deposit, user-friendly trading platforms |
Suitable for traders testing strategies with low capital |
| Professional Account |
Experienced traders and institutions |
Higher leverage, advanced trading tools, and analytics |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account management |
Requires corporate documentation and verification |
| Islamic Account |
Traders needing swap-free options |
Compliant with Sharia law, no overnight interest |
Must provide documentation proving eligibility for Islamic accounts |
| Demo Account |
New traders and those wishing to practice |
Risk-free trading environment, realistic market conditions |
Available for all users without any verification |
Account Opening Process
To open an account with Galaxy Futures, prospective traders must follow a clear, structured process. First, they will need to submit personal information, including identification details and contact information. Next, applicants are required to provide employment details and financial information to assess their trading profile. Identity verification is a crucial step, which involves submitting a government-issued ID and proof of address. Once these documents are verified, traders can proceed with account setup. Galaxy Futures offers flexibility in account management, allowing users to upgrade from a retail to a professional account as they gain experience and meet the necessary qualifications.
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 pricing for major currencies |
| CFDs (Stock Index) |
1.5 |
$5 per lot |
Standard commission applies |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Varies by commodity type |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Galaxy Futures may impose several other costs. These include deposit and withdrawal fees associated with bank transfers, which can vary by bank. Inactivity fees may apply if an account remains dormant for an extended period. Platform usage fees are not typically applicable; however, traders should check for any specific charges related to proprietary trading software. Overnight interest charges (swap rates) may be incurred depending on the positions held, and currency conversion fees could apply for trades involving different currencies.
