What Account Types and Fees Does Multigain Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
High leverage, reduced spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services, multi-user access |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law, no overnight interest |
Available upon request |
| Demo Account |
All levels of traders |
Risk-free environment, practice trading |
Ideal for new users |
Account Opening Process
To open an account with Multigain, users must follow a simple process. First, traders need to submit personal, employment, and financial information. This includes providing identity verification documents such as an ID and proof of address. Once the documents are submitted, the account will be reviewed for approval. Importantly, there is flexibility in the account structure, allowing users to upgrade to a professional account later if their trading needs change.
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 rates for minors |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varies by stock |
| CFDs (Indices) |
1.2 |
$5 per lot |
Popular indices available |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Includes major commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Additional costs associated with trading on Multigain include deposit and withdrawal fees, which may vary depending on the payment method used. There is an inactivity fee that applies if the account remains dormant for an extended period. Users may also incur platform usage fees if applicable. Overnight interest, also known as swap rates, may apply for positions held overnight. Lastly, currency conversion fees can affect trades involving different currencies.
