What Account Types and Fees Does MONEYPLANT Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low spreads, user-friendly platform |
Ideal for small capital investment |
| Professional Account |
Experienced traders and institutions |
High leverage, advanced tools, and analytics |
Requires minimum trading volume |
| Corporate Account |
Corporate clients and institutions |
Custom services, dedicated account management |
Requires corporate documentation |
| Islamic Account |
Traders requiring swap-free conditions |
Compliant with Sharia law, no swap fees |
Available to all traders adhering to Islamic finance |
| Demo Account |
New traders and those testing strategies |
No risk, practice environment with virtual funds |
Unlimited access for practice trading |
Account Opening Process
To open an account with MONEYPLANT, prospective clients need to follow a straightforward process:
1. Personal Information Submission: Fill out the online application form providing personal details such as name, email address, and phone number.
2. Employment Information: Submit relevant employment details to verify your professional background.
3. Financial Information: Disclose financial status and trading experience to assess suitability for the chosen account type.
4. Identity Verification: Upload necessary documents including a government-issued ID and proof of address to comply with regulatory requirements.
5. Account Flexibility: Clients can start with a Retail Account and have the option to upgrade to a Professional Account in the future based on increased trading experience and volume.
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 rates for popular pairs |
| CFDs (Stocks) |
1.2 |
$0.10 per share |
Access to major stock markets |
| CFDs (Commodities) |
2.0 |
$0.05 per contract |
Flexible trading options |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, MONEYPLANT may impose the following charges:
– Deposit/Withdrawal Fees: No fees for deposits; withdrawal fees may apply based on the method chosen.
– Inactivity Fees: An inactivity fee may be charged if no trading activity occurs for an extended period.
– Platform Usage Fees: There are no fees for using the trading platform; however, third-party tools may incur charges.
– Overnight Interest (Swap Rates): Applicable to positions held overnight; rates vary based on market conditions.
– Currency Conversion Fees: Fees may be incurred for converting funds into different currencies during trading.
