What Account Types and Fees Does Vital Markets Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, access to various trading instruments |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Higher leverage options, tailored services |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Custom solutions for business trading needs |
Requires corporate documentation |
| Islamic Account |
Traders seeking swap-free options |
No overnight interest fees, compliant with Sharia law |
Available upon request |
| Demo Account |
All traders |
Practice trading with virtual funds |
Helps in skill development without financial risk |
Account Opening Process
To open an account with Vital Markets, you will need to follow several straightforward steps. First, you must submit your personal information, including your name, address, and contact details. Next, you will provide employment and financial information to help verify your trading profile. Identity verification is a crucial part of the process, so you will need to upload proof of identity, such as a government-issued ID, and proof of address, such as a utility bill. After completing these steps, your account will be set up, allowing for the possibility of upgrading to a professional account in the future if your trading needs change.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
0.5 |
$5 per lot |
Competitive rates for popular currency pairs |
| Forex (Minor Pairs) |
1.0 |
$6 per lot |
Varies based on market conditions |
| CFDs (Indices) |
1.5 |
$5-7 per lot |
Competitive spreads on major indices |
| CFDs (Commodities) |
2.0 |
$5 per lot |
Includes popular commodities like oil and gold |
| Cryptocurrencies |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Traders should be aware of additional fees associated with their accounts. Vital Markets may impose deposit and withdrawal fees depending on the payment method used. Inactivity fees may apply if an account remains dormant for an extended period. Additionally, there may be platform usage fees for specific services or features, as well as overnight interest charges (swap rates) for positions held beyond the trading day. Lastly, currency conversion fees might apply if trading in different currencies.
