What Account Types and Fees Does Trading IM Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Silver Trading Account |
Beginner traders |
Accessible entry point, suitable for small capital |
Ideal for those starting out in trading |
| Gold Trading Account |
Intermediate traders |
Enhanced features, moderate leverage |
Designed for traders with some experience |
| Platinum Trading Account |
Experienced traders |
Advanced trading tools, high leverage |
Best for seasoned traders seeking more options |
| Islamic Trading Account |
Traders requiring swap-free options |
Complies with Islamic finance principles |
For traders adhering to Sharia law |
Account Opening Process
To open an account with Trading IM, traders need to complete a few steps. Initially, they will submit personal information, including their name, address, and contact details. Following this, employment and financial information will be required to assess the user’s trading profile. Identity verification is essential and involves submitting a valid form of identification along with proof of address documentation. Once the account is set up, there is flexibility to upgrade to a professional account later if the trader meets the necessary qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Competitive spreads on major forex pairs |
| CFDs (Stocks) |
Varies |
$0 |
Commission-free trading available on selected stocks |
| CFDs (Indices) |
Varies |
$0 |
Access to global indices with no commission |
| CFDs (Commodities) |
Varies |
$0 |
Trade popular commodities without commission |
| Cryptocurrencies |
Varies |
$0 |
Commission-free trading on major cryptocurrencies |
Other Fees
Traders should be aware of various other fees that may apply when using Trading IM. These include potential deposit and withdrawal fees, although the broker does not charge deposit fees. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, there may be overnight interest charges (swap rates) for positions held overnight, and currency conversion fees may also be incurred when trading in different currencies.
