What Account Types and Fees Does GM Offer?
| Account Type |
Target User Group |
Key Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of trading instruments |
Ideal for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage and potential for lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliant with Sharia law |
Available upon request |
| Demo Account |
New traders and those testing strategies |
No financial risk; practice environment |
Suitable for all trader levels |
Account Opening Process
To open an account with GM, prospective clients need to follow a straightforward process that includes submitting personal, employment, and financial information. Identity verification is required, which involves providing a valid ID and proof of address. The account setup is designed to be flexible, allowing users to upgrade from a retail to a professional account in the future, depending on their trading activity and requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 |
Tight spreads for major pairs |
| CFDs (S&P 500) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive pricing for indices |
| CFDs (Gold) |
1.5 |
$0 |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, GM may apply various other charges, including deposit and withdrawal fees, which can vary based on the method used. Inactivity fees may also apply if an account remains dormant for an extended period. Users should be aware of potential platform usage fees, overnight interest (swap rates) for positions held overnight, and currency conversion fees that may arise when trading in different currencies.
