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Products and Accounts
Classic Account
Our Classic account is the perfect solution for forex traders who want to keep things simple and hassle-free. Designed with comfort in mind, you don't need to worry about calculating commissions before each trade, we account for this for you via the spreads. This means when you trade with our Classic account, what you see is what you get, no additional costs or calculations needed.
If you'd like to trade on our raw spreads and calculate commissions yourself, have a look at our Zero account.
Account Details
Spreads
From 0.9 pips
Commission
$0
Minimum Account Size
None
Server Location
New York
Micro Lot Trading
Access to Products
All
Trading Styles Allowed
All
Why Choose a Classic Account Type
Our Classic Account is designed to make forex trading as simple and straightforward as possible. With a variety of trading platforms, you can execute trades quickly and efficiently, with the added benefit of knowing our customer support team are on hand 24/7 to answer any questions or concerns you may encounter.
Cost Efficiency
With razor-thin spreads, you can execute trades at competitive prices, reducing the impact of trading costs on your overall profitability.
Ease-Of-Use
With your commissions already accounted for, determining the potential success of your trades is as simple as looking at the charts.
250+ Instruments
You can access 48FMarkets's full suite of trading instruments and expand your trading activities beyond FX into other asset classes like Gold, Crypto, US Shares and more.
Regulated
48FMarkets is regulated by the Australian Securities and Investment Commission (226199), Vanuatu Financial Services Commission (40256) and Financial Services Authority (SD096).
#1 Execution Speed in Australia**
Do not just take our word for it; our ranking was based on a sample of 20 Forex/CFD brokers and conducted in July 2023 by Compareforexbrokers!
No Minimum Account Size
As we put our clients first, we believe you should be able to start trading with as little as you like.
Switching from Demo to Live
48FMarkets provides clients with the option to choose between demo and live trading accounts. The demo trading account serves as an excellent tool for novice traders to engage in trading activities without exposing their actual funds to any risks. It creates a simulated trading environment that closely replicates the real market, enabling traders to experiment with their trading strategies.
Once traders have developed a consistent strategy and have confidence in their discipline, they are more prepared to transition to a live trading account.
How to Create a Classic Account
Follow our step-by-step guide below to open a Classic account with 48FMarkets.
Step 1
Click on 'Create an Account'
Step 2
Complete the registration form and click ‘Sign Up.’
Please note that you must accept the terms and conditions to proceed.
Step 3
Proceed with ID Verification and pass the quiz to ensure that you understand the risk of Forex and CFD trading (ASIC Retail Clients).
Step 4
Click on ‘Live’ and then ‘+New Account’
Step 5
Select ‘Live’, then choose your account type, trading platform and base currency, then click on ‘Create Account’
Step 6
Voilà! Once your identity is confirmed, check your email for you login details and install your preferred trading platform.
FAQs
What is the difference between the Classic and the Zero Account?
The distinction between The Zero and Classic lies in the pricing of the account. In the Zero, spreads begin from 0.0 pips, accompanied by a USD 4.50 commission. On the other hand, the Classic account incorporates the commission within the spread. The overall cost of trading with the Zero amounts to approximately 0.5 pips, while the Classic account totals around 0.9 pips, inclusive of all expenses.
How is your spread being calculated on a Classic account?
On our Classic account, the average spread for currency pairs such as EURUSD is 0.92, including commissions.
Please note that the average spreads mentioned in our product list are applicable to the Zero account . To obtain the average spreads for your Classic account, you need to add the spread rate indicated on the product list to 0.9.
For example, if the EURUSD spread for the Zero account is 0.2, then the corresponding spread for the classic account would be 0.2 + 0.9 = 1.1.
I chose the Zero Account. Can I change to the Classic account later?
Yes, you may change from a Zero to a Classic account, as well as change from a Classic to a Zero account. Just send us a request at support@48fmartkets.com, and we will change it for you.
What is the minimum trade size?
The minimum trade size will depend on the product that you are trying to trade. For currency pairs, metals, indices and crypto the minimum is 0.01 (often 10c per pip). For equities, the minimum trade size is 0.1. For soft commodities, the minimum is 1.
Please be aware that different products have different notional values. We advise you to place trades on a demo account to familiarise yourself with these different trade sizes.
Do you offer Swap-free or Islamic accounts?
Yes! We offer Swap-Free accounts for our Islamic traders allowing you to trade our most popular products while adhering to your religious principles.
You can find all the relevant information on our Swap-Free page .
If you are interested in opening a Swap-Free account, contact your account manager or reach out to us directly and we can get you started.
Ready to Start Trading?
Get started live or get a free demo