What has to be funded, and what has to stay funded?
The amount required to open an account and the amount required to keep it in good standing are different figures, and only one of them is usually the headline.
Account types, and why this page does not list ours.
Account conditions are not something we can describe loosely, so until they are confirmed this page explains what one will state rather than approximating it.
What an account type is
An account type is a set of conditions attached to the same platform.
The platform, the markets reachable from it and the instrument itself are generally the same whichever account holds them. What differs is the terms sitting on top: what has to be funded to open the account and to keep it open, how the cost of a position is applied, what leverage is permitted on which instruments, and what service is attached.
Some of those terms belong to the firm. Others do not. Retail leverage is capped by regulation rather than set by the provider, and the cap depends both on the instrument and on whether a client is categorised as retail or professional — so one account type can carry different limits for two different clients.
Specifications
Account specifications are not yet published.
Nothing is shown in their place. An approximate figure on a page like this is the figure a reader would act on, which is the whole reason there is not one.
The comparison is not here yet
When Jim Ben & Conners publishes its account types, this is where they will be set out side by side. Until then the page names the fields rather than filling them, because a placeholder in a spread or a leverage cell is indistinguishable from a figure.
When they are published, each account type will state the following.
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Minimum funding
What is required to open the account, and what is required to keep it open. Those are two figures, not one.
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Spread conditions
How the cost of a position is applied, and on which instruments those conditions hold.
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Leverage
Capped by regulation, and dependent on the instrument and on your client categorisation.
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Support
What service is attached to the account, and how it differs from the service attached to any other.
In the meantime, how to get started covers what opening an account involves, and legal & documents lists the documents that will govern the relationship.
What to ask
Six questions that get a useful answer about any account type.
They apply to any provider, this one included. Ask them of whoever you open an account with, and treat a single headline figure as the start of the answer rather than the whole of it.
How is the cost of a position applied?
Whether the cost sits in the spread, in a commission, or in both — and whether the conditions quoted hold across every instrument or only some of them.
What leverage applies to me, on this instrument?
Leverage caps are set by regulation, vary by instrument, and depend on your client categorisation. A single headline ratio does not describe an account.
What changes if I am categorised as professional?
Electing professional treatment generally removes retail protections as well as retail limits. Ask what is given up, not only what is gained.
What does it cost to hold a position overnight?
A leveraged position generally carries a financing cost for as long as it stays open. Over weeks that can matter more than the cost of entering it.
What happens when margin runs short?
The point at which positions are closed out, and whether you are contacted before it, is a condition of the account rather than a setting in the platform.
What does not vary
Four things no account type changes.
Whatever the published conditions turn out to be, these four are identical on every one of them — which is worth knowing before the differences are published.
The instrument
A contract for difference is the same product on every account type. It does not become less leveraged because the account holding it carries a larger minimum.
The markets
Forex, Stocks, Commodities, Indices and ETFs are reached from the same platform whichever account type holds it.
The risk
Leverage can magnify losses as well as gains on every account type. No condition attached to an account removes that, and none will be described here as though it does.
The documents
The same terms, policies and disclosures will govern every account type. They are listed on the legal page, and none of them is published yet.
Next step
The conditions are not published yet. The enquiry route is.
Online registration is not open on this site yet. Enquiries go through the support page in the meantime.
Enquire About an Account
Trading involves risk of loss. The risk disclosure is not yet published; the standardised risk warning is shown at the foot of every page.