TRADING
 ACCOUNT TYPES 

This really depends on your personal needs and goals as a trader. Each trading account type comes with different fee structures and trading conditions.  It is recommended to review the comparison table above and consider the features that each account type offers before choosing and opening a live account.  

No, there is no charge involved in opening a trading account, however, there is a minimum deposit requirement for each account type.  

Opening a live trading account with Richmond is a quick and straightforward process. Simply, log in to your Client Area, click the "Live Accounts" button, select your preferred account type, select the applicable leverage ratio, confirm your choice and your account will be automatically created. 

You can start trading from as little as 250 USD on our Beginner's account. 

A swap fee, also known as rollover interest, is a fee charged for holding a position overnight. It’s based on the interest rate differential between the two currencies in a forex trade or the cost of holding other assets. At Richmond365, we offer swap-free trading on most instruments. 

A spread is the difference between the buying price (ask) and the selling price (bid) of a financial instrument. The smaller the spread, the less it costs to open and close a position. Richmond365 offers competitive spreads, with some instruments as low as 0.0 pips on any account. 

Swaps are charges applied when a position is held overnight, based on interest rate differences between the two currencies or assets being traded. They are typically charged at the end of each trading day (00:00 server time). 

Spreads start from 1 pip for the accounts, while the Prime account offers spreads starting from 0.0 pips. 

Transaction fees apply to any account. There are less transaction fees for the Prime account, making Prime ideal for traders seeking low-cost options. 

Richmond365 does not charge withdrawal fees for most methods. However, third-party fees or bank charges may apply depending on the payment provider or withdrawal method chosen.