DomusFX Account Types

DomusFX Account Types vary according to what traders require. DomusFX is an unregulated STP broker which is headquartered in the Marshall Islands. DomusFX is a brokerage firm which is owned and operated by DomusFX Ltd, of which there is truly little known.

Choose your quick section of our DomusFX Account Types below.

Our DomusFX Account Types Revealed:

• ✔️DomusFX at a glance
• ✔️Overview
• ✔️Account Types
• Account Features
• Demo Account
• Islamic Account
• Pros and Cons

Here is an overview of the DomusFX Account types as well as the treading features and benefits offered for each account.

Overview

DomusFX is an unregulated STP broker which is headquartered in the Marshall Islands. DomusFX is a brokerage firm that is owned and operated by DomusFX Ltd, of which there is truly little known.

The official DomusFX website claims that it is a leading broker but there is no substantiating proof of this. DomusFX does, however, offer trades with a plethora of trading opportunities across several asset classes and financial markets.

When trading with DomusFX, traders have a choice in trading accounts as well as access to the powerful, popular, and user-friendly MetaTrader 4 which can be accessed across several devices, allowing traders with unlimited access to their trading activities.

DomusFX claims to use innovative trading technology and dedicates itself to offering traders only the best trading conditions possible with competitive pricing, fast market execution, and dedication towards its clients.

Account Types

DomusFX offers traders with a choice between three different account types, namely:

• Standard Account
• Premium Account
• VIP Account

While the Standard Account is the basic, entry-level account that caters for most beginner and advanced traders, the Premium and VIP accounts are tailormade for experts and professionals who wish to get the most from their trading.

These more expert accounts also cater for traders who trade higher volumes than most and who need the best, most competitive trading conditions.

Account Features

Standard Account

The Standard Account caters for most traders and has the following unique features:

• Variable spreads which start from 1.2 pips EUR/USD
• Access to all tradable financial instruments
• A minimum deposit which starts from 50 USD (713 ZAR)
• Minimum trading size from 0.01 lots
• The contract size of 100,000
• Access to fifth decimal pricing
• Leverage of a maximum 1:500
• Access to market execution
• The option to convert the account into an Islamic Account
• EUR, USD, or GBP as the account currency
• Commissions which are charged on indices
• 50% margin offered on hedged positions
• Triple swaps which are applied on Wednesdays on non-Islamic Account

Premium Account

The Premium Account offers more experienced traders with the best possible conditions. This account has the following features:

• Variable spreads which start from 1.0 pip EUR/USD
• Access to all tradable financial instruments
• A minimum deposit which starts from 1500 USD (21 403 ZAR)
• Minimum trading size from 0.01 lots
• Contract size of 100,000
• Access to fifth decimal pricing
• Leverage of a maximum 1:500
• Access to market execution
• The option to convert the account into an Islamic Account
• EUR, USD, or GBP as the account currency
• Commissions which are charged on indices
• 50% margin offered on hedged positions
• Triple swaps which are applied on Wednesdays on non-Islamic Account

VIP Account

The VIP Account is reserved for professional traders who trade high volumes. The features of this account type are as follows:

• Variable spreads which start from 0.8 pips EUR/USD
• Access to all tradable financial instruments
• A minimum deposit which starts from 10 000 USD (142 686 ZAR)
• Minimum trading size from 0.1 lots
• Contract size of 100,000
• Access to fifth decimal pricing
• Leverage of a maximum 1:200
• Access to market execution
• The option to convert the account into an Islamic Account
• EUR, USD, or GBP as the account currency
• Commissions which are charged on indices
• 50% margin offered on hedged positions
• Triple swaps which are applied on Wednesdays on non-Islamic Account

Demo Account

One of the benefits of registering a demo account with DomusFX is that traders can demo any of the three live accounts offered. When traders register a demo account with DomusFX, they are given a world of opportunities in a risk-free trading environment.

The demo account that DomusFX offers perfectly mimics the features and conditions of its live trading account counterpart, allowing for beginner traders to gain experience in a safe environment.

The demo account, however, can not only be used by beginner traders but also more advanced traders who seek a risk-free, dynamic environment in which to test their trading strategies.

This allows traders to develop, deploy, and adjust their strategies without having to risk their own capital. Traders can also use the demo account to explore what DomusFX offers.

Islamic Account

The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow the Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees, or interest, should they hold positions open for longer.

DomusFX offers Muslim Traders with the advantage that they can convert any of the three live trading accounts into that of an Islamic Account, exempting them from overnight fees and swaps.

Traders who use this opportunity must note that DomusFX reserves the right to revoke an application or to cancel an Islamic Account if users misuse or abuse the advantages of the account.

There is also no indication of whether Muslim traders who use the account will be subjected to additional commissions or wider spreads to offset the absence of overnight fees. Traders who are interested in an Islamic Account with DomusFX must ensure that they verify all the terms and conditions before registering a live trading account.

Pros and Cons

You might also like: DomusFX Review

You might also like: DomusFX Demo Account – Step by Step

You might also like: DomusFX Fees and Spreads

You might also like: DomusFX Islamic Account Overview

You might also like: DomusFX Minimum Deposit

You might also like: DomusFX Sign up Bonus

FAQ

Trading environment

How many instruments can I trade with DomusFX?

You can trade any of the following instruments:

• Forex
• Metals
• Energies
• Indices
• Cryptocurrencies

Which platforms are supported by DomusFX?

DomusFX only supports the use of MetaTrader 4 on the following:

• Web browsers
• Desktop (Linux, MacOS, Windows)
• Mobile (Android, iOS)

Does DomusFX offer leverage?

Yes, DomusFX offers leverage up to a maximum of 1:500.

What spreads can I expect with DomusFX?

You can expect the following spreads according to the trading account you choose:

• Standard Account – 1.2 pips EUR/USD
• Premium Account – 1.0 pip EUR/USD
• VIP Account – 0.8 pips EUR/USD

Does DomusFX charge commission?

Yes. According to the official website commissions are charged on indices. The amount that traders can expect is not provided.

Are there additional charges on the Islamic account?

There is no indication of whether additional charges are applied on the Islamic Account.

Is DomusFX regulated and by whom?

No, DomusFX is not regulated.

Is DomusFX a recommended forex trading broker for experts and beginners?

No, DomusFX is not a recommended forex trading broker due to the lack of regulation.

What is the overall rating out of 10 for DomusFX?

3/10.

Accounts

What is the difference between a demo and live trading account?

A demo account is a practice account that can be used by both beginner and professional traders. Beginners can use a demo account to practice their trading while more advanced traders can use it to test their trading strategies.

Alternatively, traders can also use a demo account to explore what a broker has to offer. Demo accounts are known for the risk-free environment that they offer along with the virtual funds which are used to trade.

Does DomusFX offer a demo account?

Yes, DomusFX offers a demo account.

How long is the demo account valid?

30 days.

Which live trading accounts does DomusFX offer?

• Standard Account
• Premium Account
• VIP Account

Does DomusFX offer an Islamic Account?

Yes, DomusFX offers traders with the option of converting any of the three live trading accounts.

What are the available deposit currencies for a live trading account?

• EUR
• USD
• GBP

Deposits and withdrawals

What is the minimum deposit required to open an account with DomusFX?

50 USD (713 ZAR).

How do you make a deposit and withdraw money with DomusFX?

• Credit/Debit Cards
• Bank Wire Transfer
• Crypto Wallet
• Neteller
• Skrill

Does DomusFX charge withdrawal fees?

No, DomusFX does not charge any commissions or fees on withdrawals.

How long does it take to make a withdrawal?

This will depend on the payment method used. Credit/Debit card withdrawals are processed immediately whereas bank wire transfers take up to five business days.