This article will explore different trading account types and their specifications. We cover basic specifications, and margin requirements highlighting key features and considerations. Tailor your choice to match your trading goals, whether you're a beginner or an experienced trader. Gain essential insights for navigating the varied landscape of trading platforms.
You can trade forex and other instruments on all of our account types, but each trading account type has its features and specifications; i.e. minimum deposit required, spreads, available instruments, execution types, commissions, etc. The choice of account depends on your trading preferences.
You can start trading on the real Forex market with a deposit of $200 and have access to the greatest number of trading instruments on Advantage or Advantage Plus accounts.
ADVANTAGE
- Minimum Deposit: $/€/£ 200, ₦350,000
- NGN-denominated accounts are only available for residents of Nigeria.
- Spreads: From 0.0
- Commissions:$3.5 per lot traded on FX
- $25 per million notional on Spot Metals
- $35 per million notional on Index CFDs and Commodity CFDs
- 0.03% of the notional value for Cryptocurrency CFDs
- $0.02 per side/lot (1 share = 1 lot) on Stock CFDs
- $0.01 per side/lot on ETF CFDs
- Commission on Advantage MT4 is charged only when opening a position; on MT5, charged twice (open & close).
- Trading Instruments: FX, Metals, Commodities, Indices*, Cryptocurrencies, Stock CFDs (MT5 only), ETFs (MT5 only) Dividend adjustments apply on Stocks and Indices before ex-dividend date.
- Order Execution: Market Execution
- Currency: USD / EUR / GBP / NGN
- Leverage/Margin Requirements: Up to 1:3000 (floating)
- Margin Call: 80%*
- Stop Out: 50%*
- Limit & Stop Levels: No
- Minimum Volume per Trade: 0.01 lots
- Max volume per trade for Commodities: 5 lots.
- Maximum Orders: Unlimited
- Maximum Volume per Order: 100 lots
- Maximum Volume of All Orders: Unlimited*
- Commodities capped at 100 lots.
- Maximum Volume of Pending Orders: 300 lots
ADVANTAGE PLUS
- Minimum Deposit: $/€/£ 200, ₦350,000
- NGN-denominated accounts are only available for residents of Nigeria.
- Spreads: From 1.5
- Commissions: Zero
- Trading Instruments: FX, Metals, Commodities, Indices*, Cryptocurrencies, Stock CFDs (MT5 only), Stocks (MT5 only), ETFs (MT5 only) Dividend adjustments apply on Stocks and Indices before ex-dividend date.
- Order Execution: Market Execution
- Currency: USD / EUR / GBP / NGN
- Leverage/Margin Requirements: Up to 1:3000 (floating)
- Margin Call: 80%
- Stop Out: 50%
- Limit & Stop Levels: No
- Minimum Volume per Trade: 0.01 lots
- Maximum Orders: Unlimited
- Maximum Volume per Order: 100 lots
- Maximum Volume of All Orders: 100 lots
- Maximum Volume of Pending Orders: 300 lots
ADVANTAGE STOCKS MT5
- Minimum Deposit: $/€/£ 200, ₦350,000
- NGN-denominated accounts are only available for residents of Nigeria.
- Spreads: Super tight
- Commissions: Zero
- Trading Instruments: Cash equities (more than 600 stocks)
- Order Execution: Market Execution
- Currency: USD
- Leverage/Margin Requirements: 1:1
- Margin Call: No
- Stop Out: No
- Limit & Stop Levels: No
- Minimum Volume per Trade: 0.01 lots
- Maximum Orders: Unlimited
- Maximum Volume per Order: 2000 lots
- Maximum Volume of All Orders: Unlimited
- Maximum Volume of Pending Orders: Unlimited
ADVANTAGE STOCKS (Special)
- Minimum Deposit: 3000 USC/EUC
- Spreads: Not specified
- Commissions: Zero
- Trading Instruments: Forex (28), Metals (2 – XAU/XAG vs USD), Commodities (Brent, WTI, NatGas, USDIndex)
- Order Execution: Market Execution
- Currency: USC/EUC
- Leverage/Margin Requirements: 1:1000
- Margin Call: 50%
- Stop Out: 20%
- Limit & Stop Levels: No
- Minimum Volume per Trade: 0.01 lots
- Maximum Orders: Unlimited
Note: For ETF and Stock CFDs on the Advantage MT5, the minimum commission is $0.01
