What Account Types and Fees Does Forex Limited Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for small-capital practice |
| Professional Account |
Experienced traders |
High leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant trading |
Swap-free trading options |
Available for all account types |
| Demo Account |
New traders |
Practice trading without financial risk |
Unlimited access for skill development |
Account Opening Process
To open an account with Forex Limited, follow these steps: first, submit your personal information, including your full name, email, and phone number. Next, provide employment details and financial information to assess your trading experience and capabilities. Identity verification is essential; you will need to submit a valid ID and proof of address, such as a utility bill or bank statement. Once your documents are verified, you can start trading. Forex Limited also offers flexibility, allowing you to upgrade to a professional account later if your trading volume increases or your experience level changes.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
0.3 |
$5 per lot |
Standard fees apply |
| CFDs (Indices) |
1.5 |
$5 per lot |
Market volatility affects spreads |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Forex Limited has several additional fees to be aware of: there may be deposit and withdrawal fees depending on the payment method used. Inactivity fees apply after a specified period of no trading activity, while platform usage fees may be charged for certain advanced tools. Overnight interest, or swap rates, will be applied to positions held overnight, and currency conversion fees may apply if trading in a different currency. Always ensure to review all terms and conditions regarding these costs before trading.
