What Account Types and Fees Does Finansia Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Cash Account |
Traders with flexible capital |
Requires a minimum cash collateral of 20% of the trade value |
Pay later via cash settlement on T+2 basis |
| Cash Balance Account |
Conservative investors, interest seekers |
Requires 100% cash collateral with interest on outstanding balances |
Designed to prevent overtrading |
| Credit Balance Account |
Experienced, high-risk tolerance traders |
Allows margin trading with collateral; automatic lending from broker |
Suitable for financing securities purchases |
Account Opening Process
Opening an account with Finansia involves several steps to ensure compliance and security. First, prospective clients must visit the official Finansia website to initiate the registration process. They will need to provide personal information, including full name, email address, and password. Following this, users must agree to the terms of service and verify their email. Subsequently, identity verification is required, which includes submitting an ID and proof of address. Once all information is submitted and verified, clients can log into their accounts. Additionally, there is flexibility in account management, allowing users to upgrade to different account types, such as a professional account, at a later stage if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
0.25% for <=5 million THB |
Competitive rates for high-volume traders |
| Forex (Minor Pairs) |
Varies |
0.20% for 5-10 million THB |
Commission decreases with higher trading volume |
| CFDs (Stocks) |
Varies |
0.15% for 10-20 million THB |
Structured to reward active traders |
| CFDs (Indices) |
Varies |
0.12% for >20 million THB |
Tiered fee structure applies |
| Cryptocurrencies (BTC, ETH) |
Varies |
0.1% |
Fee structure may depend on volatility |
Other Fees
Finansia may impose additional fees that clients should consider. These include potential deposit and withdrawal fees depending on the payment method chosen. Inactivity fees may also apply if accounts remain dormant for extended periods. While there are no platform usage fees mentioned, traders should be aware of possible overnight interest (swap rates) for positions held overnight. Lastly, currency conversion fees may apply for transactions involving different currencies, which could impact overall trading costs.
