Selecting the right Trading Account Type for Your Needs

A trading account type determines the pricing structure, tools, and functionality you get when you trade. Same broker, same markets, same MT4 or MT5 platform, but three very different cost models depending on which account you choose.

The two main pricing levers are:

• Spread: the difference between the buy and sell price, built into every trade you take.
• Commission: a fixed charge per lot, on top of the spread, used on ECN-style accounts.

Standard accounts usually have no commission but wider spreads, while more advanced account types such as Pro and ECN usually feature lower spreads and more raw pricing but with a commission on every trade.

To compare the full specification side by side, see UEXO’s account types.

Cryptos and Shares bear no Commission on ECN. *** See your Client Agreement and Risk Disclosure for the terms applicable to your account.*

AED figures are indicative. Deposits from across the Middle East and North Africa are processed in AED and converted to your USD or EUR trading account at the market rate on the day, so the exact amount charged can differ slightly. See payment methods for how funding works in your country.

Minimum deposit: $|€ 50 · Spreads from 1.6 pips · No commission

The Standard account is where most traders should start. It removes unnecessary complexity and gives you a direct, no-hassle way of trading, away from the per-lot arithmetic active traders deal with.

You pay through the spread. No commission to think about, no calculation before every trade. What you see in the price is what you pay.

This account suits you if

• You are opening your first live trading account and want a simple cost structure.
• You have $50 to $2,499 to start and want to test live markets without over-committing capital. You can always start with a higher amount if you choose to.
• You are trading manually, part-time, or still refining your approach.
• You want to try Copy Trading on MT4 or MT5 without needing raw spreads yet.

Why it helps at this stage

Standard includes Asset IQ, Asset Overview, Calendar, and News IQ: a solid research stack for anyone learning how macro events and technical setups move the markets. Analysis IQ and the Research Terminal unlock at Pro and ECN, but for most new traders those tools are not the bottleneck. Discipline and risk management are.

The $50 minimum also means you can start with a real balance, manage real risk, and experience how you respond to live trades, without putting serious capital at risk before you are ready.

Minimum deposit: $|€ 2,500 · Spreads from 0.8 pips · No commission

The Pro account cuts the spread roughly in half compared to Standard, from 1.6 pips down to 0.8 pips, with still no commission. That difference becomes significant once you are trading in regular size.

On a standard lot (100,000 units), you are paying around $8 in spread per round turn instead of $16. Run 50 trades a month and that is roughly $400 saved every month compared to Standard. At that volume, the Pro account pays for itself.

This account suits you if

• You have a tested strategy and are scaling up your position size.
• Your monthly volume means Standard spreads are visibly eating into your results.
• You want a Dedicated Representative, someone you can call when something needs attention.
• You are an intermediate trader who understands why tighter spreads matter at your current size.

Why it helps at this stage

Beyond better pricing, Pro unlocks Analysis IQ, UEXO’s in-platform analytical toolkit that Standard does not include. You also get phone support alongside live chat and email, plus a dedicated representative who knows your account. SWAP Free is built across all account types, so overnight holding is never an issue at any level.

Minimum deposit: $|€ 10,000 · Spreads from 0.0 pips · $|€ 4 per RT commission

The ECN account is built for traders who need raw pricing. Spreads start from 0.0 pips on major pairs, and you pay a fixed $|€4 commission per round turn. Transparent, predictable, and purpose-built for high-frequency execution.

The maths only works in your favour if you are trading enough size and volume that 0.0 pip spreads offset the per-trade commission. A scalper running dozens of trades a day will pay significantly less.

This account suits you if

• You scalp, trade high-frequency, or run automated Expert Advisors on MT4 or MT5.
• Your strategy requires precise entries and exits, where every fraction of a pip compounds.
• You have $10,000 or more allocated to trading and understand commission-based cost structures.
• You want the full UEXO intelligence suite, including the Research Terminal, exclusive to ECN.

Why it helps at this stage

ECN is the only UEXO account with access to the Research Terminal, the most complete analytical environment UEXO offers, alongside Asset IQ, Asset Overview, News IQ, Analysis IQ, and the economic Calendar. If you are managing capital at scale or trading professionally, having everything in one place matters.

Negative balance protection applies here too, in line with our Client Agreement: an important safeguard against adverse market moves, where the eligibility conditions in your account terms are met.

Every UEXO account (Standard, Pro, and ECN) runs both MetaTrader 4 and MetaTrader 5. The choice is entirely yours at account creation.

MetaTrader 4 (MT4) has been the default platform for forex traders for over a decade. Lighter, faster, and simpler, especially on older devices, it carries a large library of custom indicators and Expert Advisors. If you are running automated strategies or working with third-party tools, MT4 is the safer compatibility choice.

MetaTrader 5 (MT5) is the newer build with more timeframes, additional order types including depth of market, and a more modern interface. It handles more asset classes natively, useful if you plan to trade UEXO’s gold, oil, index, or stock CFDs alongside forex pairs.

Neither is wrong. Most new traders start on MT4, then move to MT5 when they want the extra features. You can also run both simultaneously by opening separate accounts inside the same UEXO client area.

One practical detail: MetaTrader servers run on their own time offset, typically GMT+2 or GMT+3, which is what determines when the daily rollover and any overnight charges are applied. Check your server time in the platform so you know when the trading day closes relative to your own.

If you are trading personal capital, select an Individual account. For funds, proprietary structures, or corporate trading operations, we provide specialised onboarding through our Corporate or Institutional pathways.

Step 1: Register your profile

Go to the official UEXO website and click Start Trading or any Open Account button. Fill in your name, country, email, phone, and password, accept the terms and risk disclosures, and confirm your email. You are in the client area. No documents are required yet.

Step 2: Open a trading account

Inside the client area, click Open Trading Account, choose Standard, Pro, or ECN, select your base currency (USD or EUR), and pick MT4 or MT5 as your platform. UEXO generates your account number, server name, and trading password immediately.

Base currency is USD or EUR. Deposits made from the region are processed in AED and converted at the market rate on the day, so your balance, margin, and profit and loss are shown in your chosen base currency rather than in dirhams.

Step 3: Verify and fund

Before you begin trading, the portal will guide you through identity verification: a valid photo ID and a recent proof of address.

For clients in the region, accepted identity documents include your Emirates ID, or your national ID or passport depending on your country of residence. For proof of address, a recent utility bill works, and UAE residents can also use a tenancy contract (Ejari) if the utility bill is not in their own name. Corporate clients add company documents on top of that.

It is a quick, standard regulatory step that keeps your account secure and your trading fully compliant from day one.