What Account Types and Fees Does Zaffex Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Accessible minimum deposit, educational resources, user-friendly platform |
Ideal for small-capital practice and learning |
| Professional Account |
Experienced traders |
Higher leverage, low spreads, access to advanced trading tools |
Requires proof of trading experience and volume |
| Corporate Account |
Corporate clients |
Customized services, dedicated account management, advanced reporting tools |
Requires corporate documentation and verification |
| Islamic Account |
Muslim traders |
Swap-free trading options, compliant with Sharia law |
Available upon request and verification |
| Demo Account |
New traders |
Practice trading without financial risk, access to virtual funds |
Time-limited access to simulate live trading conditions |
Account Opening Process
To open an account with Zaffex, potential traders must complete several steps. First, they will need to submit personal information, including their name, email address, and phone number. Next, employment details such as job title and employer information should be provided. Following this, financial information regarding trading experience and investment goals will be required.
Identity verification is a crucial part of the process, requiring valid identification documents and proof of address. This step ensures compliance with regulatory standards and helps prevent fraud. Zaffex offers flexibility in account types, allowing users to upgrade to a professional account later if their trading experience and volume qualify.
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) |
Competitive rates for GBP pairs |
| CFDs (Stocks) |
0.2% |
$0 (ECN: $4/lot) |
Fees vary by stock |
| CFDs (Indices) |
1.5 |
$0 (ECN: $4/lot) |
Standard spreads for major indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
Zaffex has several additional fees that traders should be aware of. Deposit and withdrawal fees may apply, depending on the payment method selected. Inactivity fees can be charged for accounts that remain dormant for an extended period. There may also be platform usage fees depending on the account type. Traders should consider overnight interest (swap rates) applicable to positions held overnight, and currency conversion fees may apply for trades involving different currencies.
