What Account Types and Fees Does gkoudai Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and general traders |
Access to a variety of market instruments |
Suitable for individual traders with varying capital |
| Professional Account |
Experienced traders |
Enhanced trading conditions, potential higher leverage |
Requires evidence of trading experience and volume |
| Corporate Account |
Corporate clients |
Custom services and support |
Requires corporate documentation for setup |
| Islamic Account |
Traders seeking swap-free options |
Compliance with Sharia law |
Available upon request, subject to validation |
| Demo Account |
New traders |
Practice trading without real funds |
Ideal for testing strategies and the platform |
Account Opening Process
To open an account with gkoudai, prospective clients must complete several steps: First, they will need to submit personal information, including full name and contact details. Next, employment information, including occupation and employer details, must be provided. Financial information, such as income and investment experience, is also required. Identity verification is a crucial step, necessitating the submission of identification documents and proof of address. Clients may have the flexibility to upgrade their account type, such as transitioning to a professional account, as their trading needs evolve.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
Varies |
Spreads and commissions depend on the specific pairs traded |
| CFDs (Stocks) |
Varies |
Varies |
Dependent on stock and market conditions |
| CFDs (Indices) |
Varies |
Varies |
Market-dependent conditions apply |
| CFDs (Commodities) |
Varies |
Varies |
Conditions vary based on the commodity |
| Cryptocurrencies |
Varies |
Varies |
Dependent on market volatility and specific crypto assets |
Other Fees
gkoudai may impose various fees that traders should consider: Deposit and withdrawal fees may apply, depending on the payment methods used. Inactivity fees could be charged if an account remains dormant for a certain period. Platform usage fees may also be relevant, particularly for specific trading tools or applications. Overnight interest, or swap rates, could be applicable for positions held overnight. Additionally, currency conversion fees may be incurred when trading in different currencies.
