What Account Types and Fees Does Milton Prime Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to various trading instruments with user-friendly features |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Potential for higher leverage and advanced trading options |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and support for businesses |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading to adhere to Islamic finance principles |
Eligibility based on trader’s declaration |
| Demo Account |
All levels of traders |
Practice trading without risk using virtual funds |
Ideal for beginners to learn trading strategies |
Account Opening Process
To open an account with Milton Prime, traders must follow a straightforward process. Initially, they will need to submit personal information, including identity and proof of address, as part of the identity verification process. Employment and financial information may also be required to assess eligibility. Once the initial requirements are met, traders will have the flexibility to upgrade their accounts, such as transitioning to a professional account, as their trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads for major currency pairs |
| CFDs (Stocks) |
Varies |
$0 |
Competitive pricing on popular stocks |
| CFDs (Indices) |
Varies |
$0 |
Includes major indices like S&P 500 |
| CFDs (Commodities) |
Varies |
$0 |
Trading options like Gold and Oil |
| Cryptocurrencies |
Varies |
$0 |
Access to popular cryptos like BTC and ETH |
Other Fees
Milton Prime may charge various fees associated with trading activities. These can include deposit and withdrawal fees, which are generally low but may be applicable for certain transfer methods. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, overnight interest (swap rates) may be charged or credited based on the positions held overnight, and currency conversion fees could apply for transactions involving multiple currencies.
