What Account Types and Fees Does NCE Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginner to intermediate traders |
No commission, floating spreads |
Minimum deposit of $200 |
| Raw Spread Account |
Active traders |
Floating spreads starting from 0 pips, commission applies |
Minimum deposit of $200 |
| VIP Account |
Experienced traders |
Enhanced trading conditions, lower commission per lot |
Minimum deposit of $5,000 |
Account Opening Process
The process to open an account with NCE involves several straightforward steps. First, prospective clients need to provide personal information, which includes details such as name, email, and contact number. Next, employment information should be submitted, outlining the individual’s current job status and position. Financial information is also required to assess the trader’s experience and financial background. Following this, identity verification is necessary, which typically includes providing a government-issued ID and proof of address. Once the account is set up, traders have the flexibility to upgrade their accounts, such as moving to a professional account when they meet the necessary criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
Floating from 0 pips |
$3.8 (Raw Spread Account) |
Competitive spreads for active traders |
| CFDs (indices, commodities) |
Varies |
Varies |
Check account type for specific details |
| Cryptocurrencies (BTC/USD) |
Varies |
Varies |
Dependent on market conditions |
Other Fees
Additional fees may apply, including deposit and withdrawal fees, though NCE typically does not charge for these transactions. Inactivity fees may be applicable after a certain period of account inactivity. Platform usage fees are generally not charged, ensuring that traders can utilize the services without additional costs. Overnight interest, also known as swap rates, may be incurred for positions held overnight, and currency conversion fees apply depending on the trading currency used.
