What Account Types and Fees Does WisunoFX Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and retail traders |
Low minimum deposit, easy access to trading |
Suitable for small-capital traders |
| Professional Account |
Experienced traders and institutions |
Higher leverage, lower spreads, and commissions |
Requires trading volume qualifications |
| Corporate Account |
Corporate clients and institutions |
Customized services, tailored solutions |
Requires corporate documentation |
| Islamic Account |
Traders adhering to Sharia law |
Swap-free trading, compliant with Islamic finance |
Must provide relevant documentation |
| Demo Account |
All traders |
Practice trading without risk, access to all features |
Ideal for testing strategies |
Account Opening Process
To open an account with WisunoFX, prospective traders must follow several steps. Initially, users need to submit personal information, including their name, email address, and contact details. Subsequently, employment information, such as job title and employer details, should be provided. Financial information, including trading experience and investment objectives, is also required. Importantly, identity verification is essential, necessitating documents like a government-issued ID and proof of address (e.g., utility bill). WisunoFX offers account flexibility, allowing users to upgrade from a retail to a professional account as their trading experience and volume increase.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $5/lot) |
Competitive rates for GBP pairs |
| CFDs (Gold) |
2.5 |
$0 (ECN: $5/lot) |
Attractive spreads for commodities |
| CFDs (Indices) |
1.5 |
$0 (ECN: $5/lot) |
Low costs for index trading |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, WisunoFX may impose various other costs. Deposit and withdrawal fees vary based on the payment method chosen, with electronic payments typically incurring a fee of $200 for deposits. Inactivity fees are applied if an account remains dormant for an extended period. While there are no platform usage fees, overnight interest (swap rates) is charged on positions held overnight. Additionally, currency conversion fees may apply when trading in different currencies.
