What Account Types and Fees Does SGT Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, user-friendly platform |
Suitable for those starting with small capital |
| Professional Account |
Experienced traders |
Higher leverage, tighter spreads |
Requires proof of trading experience |
| Corporate Account |
Corporate clients |
Custom services, tailored solutions |
Documentation required for corporate registration |
| Islamic Account |
Traders seeking Sharia-compliant solutions |
Swap-free trading options |
Verification of eligibility for Islamic account |
| Demo Account |
New traders for practice |
Access to all trading features without risk |
No financial commitment needed |
Account Opening Process
To open an account with SGT, users must follow a straightforward process. The first step involves submitting personal details such as name, email, and phone number. Next, employment information and financial background should be provided to assess the applicant’s trading experience and suitability. Identity verification is a crucial step, requiring users to supply a government-issued ID and proof of address. The process is designed to ensure compliance with regulations. Once the account is set up, traders have the flexibility to upgrade to a professional account later, catering to their evolving trading needs.
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 rates for popular currency pairs |
| CFDs (Stocks) |
1.5 |
$6 per lot |
Standard commission for equity trading |
| CFDs (Indices) |
1.2 |
$6 per lot |
Effective for index-based trading |
| CFDs (Commodities) |
2.0 |
$6 per lot |
Standard spreads on commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, SGT imposes various other costs. Deposit and withdrawal fees are applicable depending on the payment method used. There may also be inactivity fees charged if an account remains dormant for a specified period. Platform usage fees are not typically applicable, making the trading experience more cost-effective. Traders should also be aware of overnight interest (swap rates) that apply to positions held overnight, as well as potential currency conversion fees for trades involving different currencies.
