What Account Types and Fees Does UIIC Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a wide range of markets with competitive spreads |
Ideal for those starting with small capital |
| Professional Account |
Experienced traders |
Higher leverage options and lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized services and tailored trading solutions |
Requires corporate documentation |
| Islamic Account |
Traders seeking Sharia-compliant options |
Swap-free trading conditions |
Must meet specific criteria for eligibility |
| Demo Account |
All traders |
Practice trading with virtual funds |
Suitable for testing strategies without risk |
Account Opening Process
To open an account with UIIC, traders must complete several steps. Initially, personal information such as name, contact details, and nationality is required. Following this, employment and financial information must be submitted to assess suitability for trading. Identity verification is also necessary, which includes providing a valid ID and proof of address to confirm identity and residency. Once the account is opened, there is flexibility for traders to upgrade to a professional account in the future if they meet the required criteria.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
Varies |
$0 |
Competitive spreads for major pairs |
| Forex (GBP/JPY) |
Varies |
$0 |
Accessible for various trading strategies |
| CFDs (Stocks) |
Varies |
$0 |
Includes popular stocks like Apple and Tesla |
| CFDs (Indices) |
Varies |
$0 |
Includes indices such as S&P 500 and NASDAQ |
| Cryptocurrencies (BTC/USD) |
Varies |
$0 |
Offers access to major cryptocurrencies |
Other Fees
In addition to trading fees, UIIC may apply various other costs. Deposit and withdrawal fees may be incurred depending on the chosen payment method. An inactivity fee could apply if no trading activity occurs over a specified period. While platform usage fees are not typically charged, overnight interest (swap rates) may apply to positions held overnight. Currency conversion fees may also be applicable for transactions involving different currencies.
