What Account Types and Fees Does PIPWISE Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly interface |
Ideal for small-capital practice |
| Professional Account |
Experienced traders and professionals |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, dedicated account manager |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
Complies with Sharia law, no overnight interest |
Available for all account types upon request |
| Demo Account |
New traders and those testing strategies |
Practice trading with virtual funds |
Unlimited access for practice purposes |
Account Opening Process
To open an account with PIPWISE, follow these steps: First, submit personal information, including your name, email, and phone number. Next, provide employment details and financial information to assess your trading experience and risk profile. After this, you will need to complete identity verification by submitting a government-issued ID and proof of address. PIPWISE offers account flexibility, allowing users to upgrade to a professional account later if their trading volume meets the necessary requirements.
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 for minor pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Variable spreads based on liquidity |
| CFDs (Indices) |
1.2 |
$5 per lot |
Includes major global indices |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Includes oil and gold |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
Additional costs may include deposit and withdrawal fees depending on the method chosen, inactivity fees after a specified period of account dormancy, and any applicable platform usage fees. Overnight interest (swap rates) will apply for positions held overnight, and currency conversion fees may incur when trading in different currencies.
