What Account Types and Fees Does WALKERT Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Access to a variety of trading instruments |
Ideal for small-capital practice |
| Professional Account |
Experienced traders |
Potential for higher leverage and lower spreads |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients |
Customized trading services |
Requires corporate documentation |
| Islamic Account |
Traders requiring swap-free accounts |
Complies with Sharia law |
Requires verification of eligibility |
| Demo Account |
All types of traders |
Practice trading without financial risk |
Suitable for testing strategies |
Account Opening Process
To open an account with WALKERT, prospective clients need to follow several steps. Initially, individuals must submit personal information, which includes their name, contact details, and date of birth. Following this, applicants must provide employment information, including their occupation and income details. Additionally, financial information is required to assess the client’s trading experience and risk tolerance. Identity verification is a crucial step, which involves submitting a valid form of identification and proof of address to ensure compliance with legal requirements. It is important to note that clients may have the option to upgrade their account to a professional level later, depending on their trading activity and qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Tight spreads available |
| CFDs (Stocks, Indices) |
Varies |
Varies |
Depends on the asset |
| Commodities (Gold, Oil) |
Varies |
Varies |
Depends on market conditions |
| Cryptocurrencies (BTC, ETH) |
Varies |
Varies |
Dependent on volatility |
Other Fees
Clients should be aware of various additional fees that may apply. These include deposit and withdrawal fees, which can vary based on the method used. Inactivity fees may be charged if an account remains dormant for an extended period. Furthermore, platform usage fees may apply depending on the services utilized. Traders should also consider any overnight interest (swap rates) applicable to their positions. Lastly, currency conversion fees may be incurred for transactions involving different currencies.
