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Broker Details
Electrum is an online trading broker that trades on Forex, Commodities, Indices, Stocks, and Indices, and Cryptocurrencies. This broker is based on webtrading. Being a webtrader, this is easy for trading as it does not need any software installation or devices with high configuration.
Electrum
has three types of live trading accounts. All of these accounts have different levels of minimum deposit and different facilities. These three accounts are named Standard, Premium, and Premium+. All these three accounts are described below:-
- Standard Account:- This account starts with a $250 minimum deposit. This account is a zero commission account. The spread in this account ranges from 0.5 pips to 1.8 pips. The minimum trade size in this account is 0.01 lots and the maximum trade size is 100 lots.
- Premium Account:- The minimum first-time deposit requirement is $2500. The spread in this account starts from 0.2 pips and it is limited to 1.1 pips. The commission in this account is €2.5 per standard lot traded.
- Premium+ Account:- This account starts with $25000. The spread in this account starts from 0.0 pips and ranges to 0.7 pips. The commission in this account is €3.5 per standard lot traded.
All these accounts come with negative balance protection and stop-loss/take-profit feature.
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