What Account Types and Fees Does Vestrado Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Standard Account |
Beginners |
Low minimum deposit, starting spreads from 1.5 pips |
Suitable for traders with small capital |
| Pro Account |
Experienced traders |
Lower spreads, enhanced trading tools |
Requires a minimum deposit of $20,000 |
| ECN Account |
Professional traders |
Direct market access, spreads from 0 pips |
Higher trading volume required |
| Islamic Account |
Traders adhering to Sharia law |
Swap-free trading options |
Documentation required for eligibility |
| Demo Account |
All traders |
Practice without financial risk, full access to trading features |
No capital required, ideal for testing strategies |
Account Opening Process
To open an account with Vestrado, prospective traders must complete several steps. First, they will need to submit personal information, including their name, email, and phone number. The next phase involves providing employment and financial details to assess the applicant’s trading experience and financial background. Identity verification is also essential, requiring documentation such as a government-issued ID and proof of address. After all documents are submitted, verification may take a few hours to a couple of days. Vestrado allows for account flexibility, permitting traders to upgrade from a standard to a professional account as they gain experience and meet the necessary requirements.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Standard spreads for minor pairs |
| CFDs (Stocks) |
1.5 |
$0 |
No commission for stock trading |
| CFDs (Commodities) |
2.0 |
$0 |
Standard fees apply |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Traders should also consider additional costs when trading with Vestrado. Deposit and withdrawal fees vary by method, with most being free, except for telegraphic transfers and local deposits which may incur charges. An inactivity fee applies if the account is dormant for an extended period. Platform usage fees do not apply, and overnight interest is charged based on swap rates for positions held overnight. Additionally, currency conversion fees may be applicable for transactions involving different currencies.
