What Account Types and Fees Does Sinox FX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Silver Account |
Beginners |
Low minimum deposit, suitable for practice |
Best for small-capital practice |
| Gold Account |
Intermediate Traders |
Enhanced trading conditions |
Requires a minimum deposit of $1,000 |
| Platinum Account |
Experienced Traders |
Lower spreads, higher leverage |
Minimum deposit of $10,000 needed |
| Elite Account |
Professional Traders |
Premium services and conditions |
Requires a deposit of $25,000 |
| Raw Account |
Advanced Traders |
Direct market access with tight spreads |
Minimum deposit of $50,000 |
Account Opening Process
To open an account with Sinox FX, prospective traders must follow several steps. First, they need to provide personal information, including their name, contact details, and nationality. Next, employment and financial information must be submitted to assess the applicant’s trading experience and financial background. Identity verification is also essential, which includes submitting a valid form of identification and proof of address. After the initial setup, traders have the flexibility to upgrade to a professional account later if their trading volume or experience qualifies them for enhanced services.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
From 0.8 |
$0 |
Tight spreads for major pairs |
| Forex (Minor Pairs) |
From 1.2 |
$0 |
Variable depending on liquidity |
| CFDs (Stocks) |
From 2.5 |
$0 |
Competitive rates for stock trading |
| CFDs (Indices) |
Varies |
$0 |
Depends on the specific index |
| Cryptocurrencies |
From 1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, Sinox FX may impose other charges such as deposit and withdrawal fees, which can vary based on the payment method used. Traders should also be aware of potential inactivity fees that might apply if accounts are dormant for an extended period. Additionally, overnight interest (swap rates) could be charged on positions held overnight, and currency conversion fees may apply for transactions involving different currencies.
