What Account Types and Fees Does SANKO Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposits, user-friendly interface |
Suitable for small-capital practice |
| Professional Account |
Experienced traders and institutional clients |
Higher leverage, advanced trading tools |
Requires trading volume qualifications |
| Corporate Account |
Businesses and corporate clients |
Customizable trading solutions, dedicated support |
Requires corporate documentation |
| Islamic Account |
Traders seeking compliance with Sharia law |
Swap-free, no overnight interest fees |
Available upon request |
| Demo Account |
New traders wanting to practice |
Access to virtual funds, no risk |
Time-limited access for practice |
Account Opening Process
Opening an account with SANKO involves a straightforward process:
1. Personal Information Submission: Fill out the registration form with your personal details.
2. Employment and Financial Information: Provide details regarding your employment status and financial background.
3. Identity Verification: Upload required documents, including a government-issued ID and proof of address.
4. Account Flexibility: After opening a basic account, you can upgrade to a professional account 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 for minor pairs |
| CFDs (Stocks) |
0.1% |
$0 (varies by stock) |
Varies depending on the stock traded |
| CFDs (Indices) |
0.5% |
$0 |
Includes major global indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
In addition to trading fees, SANKO may impose various other costs which include:
– Deposit/Withdrawal Fees: Typically minimal, but may vary based on the funding method used.
– Inactivity Fees: Charges may apply to accounts that remain inactive for an extended period.
– Platform Usage Fees: No additional fees for using the trading platform.
– Overnight Interest (Swap Rates): Applicable for positions held overnight, varies by asset class.
– Currency Conversion Fees: May apply when trading in currencies different from the account’s base currency.
