The Classic Account type suits amateur traders who perhaps want to become familiar with the trading platform and build their confidence in both themselves and the reliability of the services provided. A Classic Account can be opened with as little as US$200. With a maximum leverage of 1:200 and a minimum volume of 0.01 units this means a position can be opened with as little as $5 required in Margin.
You will still have access to our full instruments list including Forex, Metals, Futures, Index and Single Stock CFDs. Our Forex spreads are variable and can be as low as 0.0 (zero) points in liquid market conditions, with an average spread for EURUSD of 1.0 pips. Please note there are no hidden commissions and charges. All your trades will be executed rapidly via our ECN (Electronic Communication Network) platform and at the best available price.
Due to volatility of the market some orders can be executed at a price different from the original client’s request price and this is called ‘execution slippage’ or simply ‘slippage’. We are proud to say that iPrime always passes on full positive slippage received from our counterparties.
Each client has access to their own My Prime portal where we provide detailed information about every single trade, and where you can review all trade execution and find detailed slippage statistics.
Our ECN platform is one of the most powerful in the market and it supports simultaneous execution of tens of thousands of trades. We do not have any restrictions on Expert Advisers (EAs) and welcome all strategies.
Classic Account Benefits:
Market execution via fully automated ECN platform
Fast NDD (No Dealing Desk) execution without last-look
Reliable real-time prices without unexpected spread widening and spikes
Full access for all available EAs (Expert Advisors)
Minimum trade size
More than 200 products available to trade
We hope that after getting experience with our Classic Account execution you will gain the confidence to graduate to our Pro account, intended for Professional traders.