What Account Types and Fees Does Ngel Partners Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to various trading instruments with low spreads |
Minimum deposit of $200 |
| Professional Account |
Experienced traders |
Higher leverage and tighter spreads |
Requires proof of trading experience and capital |
| Corporate Account |
Corporate clients |
Customizable trading solutions and services |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free trading |
Compliant with Sharia law |
Available upon request |
| Demo Account |
All traders for practice |
Risk-free trading environment with virtual funds |
No minimum deposit required |
Account Opening Process
To open an account with Ngel Partners, follow these straightforward steps: First, complete the online registration form, providing personal information such as your name, email address, and phone number. Next, submit your employment details and financial information to assess your trading experience and risk profile. Identity verification is crucial, so ensure you upload required documents like a government-issued ID and proof of address. The process is designed to be flexible, allowing you to upgrade from a retail to a professional account later if you meet the necessary criteria.
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 spreads |
| CFDs (US Stocks) |
1.5 |
$0 |
Access to major US stocks |
| CFDs (Commodities) |
2.0 |
$0 |
Includes gold and oil |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
In addition to trading fees, Ngel Partners may charge other costs such as deposit and withdrawal fees, which can vary depending on the payment method used. There may also be inactivity fees if no trading activity occurs over a specified duration. Platform usage fees apply only to certain advanced features, while overnight interest (swap rates) may be applicable for positions held overnight. Lastly, currency conversion fees could be incurred when trading with accounts in different currencies.
