What Account Types and Fees Does Igfxmarket Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Access to multiple trading instruments, user-friendly interface |
Suitable for those starting with small capital |
| Professional Account |
Experienced Traders |
Higher leverage options, advanced trading tools |
Requires proof of trading experience |
| Demo Account |
All Traders |
Practice trading without financial risk, access to virtual funds |
Ideal for testing strategies and platform features |
Account Opening Process
To open an account with Igfxmarket, you must complete several steps. Initially, you will need to provide personal information, including your name, address, and contact details. Following this, you will need to submit employment and financial information, which helps the broker assess your trading experience and financial background. Identity verification is also required, where you must provide a government-issued ID and proof of address. After your identity is verified, you can start trading, and there may be options to upgrade to a professional account in the future if your trading needs change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Competitive spreads on major currency pairs |
| CFDs (Stock Indices) |
Varies |
$0 |
Access to popular indices like S&P 500 and NASDAQ |
| Commodities (Gold, Oil) |
Varies |
$0 |
Wide range of commodity trading options |
| Cryptocurrencies (BTC, ETH) |
N/A |
N/A |
Not available for trading |
Other Fees
In addition to trading fees, you should be aware of other costs associated with using Igfxmarket. These may include deposit and withdrawal fees that can vary by payment method, inactivity fees that apply after a period of account dormancy, and potential platform usage fees for advanced trading tools. Overnight interest, also known as swap rates, may apply to positions held overnight, and currency conversion fees can be incurred if you trade in a currency different from your account currency.
