What Account Types and Fees Does ST Global Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a variety of trading instruments |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Potential for high leverage and trading volume benefits |
Upgrading from a retail account is possible |
| Corporate Account |
Corporate clients |
Custom services tailored to corporate trading needs |
Requires corporate documentation |
| Islamic Account |
Traders requiring swap-free options |
Compliance with Islamic finance principles |
Eligibility based on religious requirements |
| Demo Account |
New and prospective traders |
Practice trading without financial risk |
Ideal for testing strategies and platform features |
Account Opening Process
To open an account with ST Global Markets, traders must complete several steps. This includes submitting personal information such as name, address, and contact details. Additionally, employment and financial information will be required to assess suitability for trading. Identity verification is an essential part of the process, necessitating the submission of valid identification and proof of address. ST Global Markets allows for account flexibility, enabling traders to upgrade to a professional account later if their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads for major currencies |
| CFDs (Stocks) |
Varies |
$0 |
Competitive pricing on equities |
| CFDs (Indices) |
Varies |
$0 |
Access to major indices |
| CFDs (Commodities) |
Varies |
$0 |
Includes popular commodities like gold and oil |
| Cryptocurrencies |
Varies |
$0 |
Availability of popular cryptocurrencies |
Other Fees
ST Global Markets may apply various fees, including deposit and withdrawal fees, which depend on the payment methods used. Inactivity fees may apply if an account remains inactive for an extended period. Additionally, platform usage fees could be applicable based on the account type or services utilized. Traders should also be aware of overnight interest (swap rates) that may affect positions held overnight, as well as any currency conversion fees that may arise during trading activities.
