What Account Types and Fees Does INDIRA Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for starting small and learning |
| Professional Account |
Experienced traders |
Higher leverage, tailored services |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom solutions, multi-user access |
Requires corporate documentation and verification |
| Islamic Account |
Islamic traders |
Swap-free trading options |
Must be requested during the account setup |
| Demo Account |
All traders |
Practice trading without risk |
Available for a limited time only |
Account Opening Process
To open an account with INDIRA, follow these steps:
1. Personal Information Submission: Fill out the application form with your personal details including name, email, and phone number.
2. Employment Information: Provide details about your current employment status and occupation.
3. Financial Information: Submit information regarding your financial background and trading experience.
4. Identity Verification: Upload a government-issued ID and a proof of address, such as a utility bill or bank statement.
5. Account Flexibility: After opening a Retail Account, you can upgrade to a Professional Account later if you meet the requirements.
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 |
| CFDs (S&P 500) |
1.5 |
$1.5 per lot |
Standard market rates apply |
| CFDs (Gold) |
2.0 |
$2.0 per lot |
Suitable for commodity traders |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, you should be aware of the following costs associated with your account:
– Deposit/Withdrawal Fees: May vary depending on the payment method used.
– Inactivity Fees: Charges may apply if the account remains inactive for an extended period.
– Platform Usage Fees: Some trading platforms may incur additional costs.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, depending on the account type.
– Currency Conversion Fees: May apply when trading in currencies different from your account’s base currency.
