What Account Types and Fees Does LION Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a user-friendly platform, educational resources, and competitive spreads |
Suitable for small-capital practice |
| Professional Account |
Experienced and institutional traders |
Higher leverage, lower spreads, and advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom account management and reporting, tailored trading solutions |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliant with Islamic finance principles, no overnight swaps |
Available upon request |
| Demo Account |
New traders and those testing strategies |
Risk-free trading environment with virtual funds |
Ideal for practice and strategy testing |
Account Opening Process
To open an account with LION, users must complete a straightforward process that includes several key steps:
1. Personal Information Submission: Provide your name, address, date of birth, and contact details.
2. Employment Information: Submit details regarding your employment status and income.
3. Financial Information: Share your financial background and trading experience.
4. Identity Verification: Upload a government-issued ID and proof of address (e.g., utility bill, bank statement).
5. Account Flexibility: After opening a retail account, traders have the option to upgrade to a professional account later if they meet the necessary qualifications.
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) |
1.2 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
0.1% |
$0.01 per share |
Varied based on stock liquidity |
| CFDs (Indices) |
1.0 |
$0 |
Standard spread applies |
| CFDs (Commodities) |
2.0 |
$0 |
Includes gold and oil |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
When trading with LION, users should also be aware of additional fees that may apply:
– Deposit/Withdrawal Fees: Varies by payment method; some methods may incur charges.
– Inactivity Fees: Accounts inactive for a specified period may incur a monthly fee.
– Platform Usage Fees: No fees for standard platforms; premium features may incur additional costs.
– Overnight Interest (Swap Rates): Applicable for positions held overnight; varies based on market conditions.
– Currency Conversion Fees: May apply when trading in currencies different from the account currency.
