What Account Types and Fees Does IEXS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners to advanced traders |
Minimum deposit of $200, leverage up to 1:800, spreads from 1.7 pips |
Suitable for all trader levels |
| DMA Account |
Professional and institutional traders |
Minimum deposit of $10,000, leverage up to 1:400, tight spreads from 0.1 pips |
Ideal for advanced trading strategies |
| Clearing Account |
Institutional clients |
Focus on IT solutions and risk management |
Documentation required for corporate clients |
| Demo Account |
All traders for practice |
Risk-free trading environment |
Available to practice strategies without capital risk |
Account Opening Process
To open an account with IEXS, prospective traders must follow these steps: First, complete the online application form on the IEXS website, providing personal details and creating a username and password. After registration, identity verification is required, which includes submitting documents like proof of identity and proof of address. Once verified, the account activation usually takes about 24 hours. After activation, traders will receive instructions on funding their account through various methods such as bank transfers or credit cards. Additionally, there is flexibility to upgrade to a professional account later if trading volume requirements are met.
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 rates for major pairs |
| CFDs (Stock Index) |
1.5 |
$0 (ECN: $3.5/lot) |
Cost-effective trading on major indices |
| CFDs (Commodities) |
2.0 |
$0 (ECN: $3.5/lot) |
Standard spreads for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, IEXS may impose other costs such as deposit and withdrawal fees, which vary by payment method. An inactivity fee could apply to dormant accounts after a specified period. There might also be platform usage fees depending on the trading platform utilized. Additionally, traders should consider overnight interest (swap rates) for positions held beyond the trading day. Currency conversion fees may apply for transactions involving different currencies.
