What Account Types and Fees Does OLIVE MARKETS Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Ideal for new traders looking to start with small capital |
| Professional Account |
Experienced traders |
Higher leverage, access to advanced trading tools |
Requires proven trading experience and documentation |
| Corporate Account |
Corporate clients and institutions |
Custom services, scalable solutions, dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading, no overnight fees |
Must provide evidence of eligibility for Islamic trading |
| Demo Account |
All traders |
Practice trading without risk, access to real market conditions |
Suitable for testing strategies before live trading |
Account Opening Process
To open an account with OLIVE MARKETS, follow these steps:
1. Submit Personal Information: Fill out the online registration form with basic personal details.
2. Provide Employment and Financial Information: Include your employment status and financial background to assess suitability.
3. Identity Verification: Upload identification documents such as a government-issued ID and proof of address to comply with KYC regulations.
4. Account Flexibility: Once your account is verified, you can opt to upgrade to a professional account later if your trading volume meets the required 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 pricing for minor pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Varied spreads depending on the stock |
| CFDs (Indices) |
1.2 |
$3 per lot |
Market hours may affect spreads |
| CFDs (Commodities) |
2.0 |
$4 per lot |
Spreads may widen during volatile periods |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
OLIVE MARKETS may charge various fees that traders should be aware of:
– Deposit/Withdrawal Fees: Check the specific methods for any associated costs.
– Inactivity Fees: Accounts that remain dormant for an extended period may incur fees.
– Platform Usage Fees: No significant fees for using the MetaTrader 4 platform.
– Overnight Interest (Swap Rates): Applies to positions held overnight unless using an Islamic account.
– Currency Conversion Fees: May apply when trading in currencies different from your account base currency.
