Complete Account Types Guide with FxView in United Arab Emirates

Understanding FxView Account Categories in the UAE Market

FxView provides three distinct account categories crafted for investors and traders located in the United Arab Emirates. These account types address various investment goals and trading styles within the UAE’s financial framework. The Current account offers immediate access to forex pairs, indices, commodities, and cryptocurrencies with fast execution speeds averaging 0.03 seconds. Savings accounts combine trading functionality with interest earnings, calculated daily and paid monthly based on tiered balance levels. Fixed deposit accounts lock funds for predefined terms and provide guaranteed returns with limited trading access.

Current Account Features for Active UAE Traders

Current accounts offer the most flexibility for UAE traders, enabling rapid deposits and withdrawals within 24 hours during UAE business hours (Sunday to Thursday, 8:00 AM to 6:00 PM GST). These accounts support several base currencies including AED, USD, EUR, and GBP, with automatic currency conversion at interbank rates plus a 0.25% markup. Traders gain access to over 150 forex pairs, 45 indices, 28 commodities, and 15 cryptocurrency CFDs. Leverage ranges between 1:50 and 1:500, adjustable via the client dashboard. Negative balance protection and margin call alerts trigger automatically to protect account equity.

Commissions depend on the instrument. Forex spreads start at 0.8 pips for EUR/USD during London trading hours. CFD commissions begin at $7 per lot for major indices. Commodity spreads vary from 0.03 points on gold to 0.5 points on crude oil. Users can modify leverage settings and monitor margin levels directly from the FxView platform interface.

Savings Account Benefits and Interest Calculations

Savings accounts at FxView combine active trading with interest earnings, calculated daily on closing balances. Interest rates increase through three tiers: balances up to AED 18,350 earn 2.5% annually, balances between AED 18,351 and AED 73,400 receive 3.2%, and balances beyond AED 73,400 qualify for 4.2%. Interest compounds monthly and is credited directly to the account. Withdrawal limits are set at 25% of the monthly average balance to maintain interest eligibility.

• Interest calculated daily on closing balances
• Tiered rates from 2.5% to 4.2% annually
• Monthly compounding credit system
• Withdrawal limits to preserve interest payments
• Option to suspend interest for unrestricted withdrawals

Traders maintain full trading access via MetaTrader 4 and 5, with identical instruments and leverage options as current accounts. Suspending interest temporarily allows increased withdrawal flexibility, with reactivation requiring a 7-day wait period.

Fixed Deposit Account Structure and Terms

Fixed deposit accounts provide UAE traders with guaranteed returns and limited trading exposure. We offer three terms: 30 days at 3.8% per annum, 90 days at 5.1%, and 180 days at 6.1%. Minimum deposits are AED 1,835 for 30-day terms, AED 3,670 for 90-day terms, and AED 7,340 for 180-day terms. Maximum deposits per term can reach AED 367,000.

• Trading access limited to 10% of deposit amount
• Weekly refresh of available trading allocation
• Leverage capped at 1:100 for trading portion
• Early withdrawal penalty of 1.5% plus loss of accrued interest
• Automatic renewal available at current rates

Traders can select terms based on liquidity needs and market outlook, balancing guaranteed income with trading participation.

Account Opening Process for UAE Residents

Opening an FxView account in the UAE requires submitting valid identification and proof of residence documents. Accepted documents include Emirates ID, UAE residence visa, passport, and utility bills or tenancy contracts confirming UAE address. Income verification documents such as employment certificates or business licenses are also necessary.

Our online verification system accepts PDF, JPG, and PNG uploads up to 5MB. Applications process within 4 business hours. Initial deposits can be made via UAE bank transfers, international wires, or approved e-wallets like Skrill and Neteller.

Trading Platform Integration Across Account Types

FxView accounts interoperate with MetaTrader 4 and MetaTrader 5, optimized for UAE trading conditions with servers located within the region. Latency averages below 15 milliseconds for major currency pairs during peak hours. Platforms support Arabic language interfaces and Islamic account features conforming to Sharia law.

Automated trading via Expert Advisors is enabled without restriction across all accounts. Mobile apps for iOS and Android provide full trading capabilities with push notifications for margin alerts and market news.

Fee Structure and Cost Analysis by Account Type

FxView maintains transparent fees adjusted by account type and trading volume. Current accounts have spreads starting at 0.8 pips for EUR/USD and no monthly maintenance fees, with inactivity fees of AED 37 after 90 days without trading. Savings accounts waive inactivity fees for balances above AED 3,670.

Fixed deposit accounts benefit from reduced trading costs—spreads decrease by 0.2 pips, and CFD commissions reduce by 15%. Currency conversion fees apply uniformly at 0.25% above interbank rates. Deposit and withdrawal fees depend on payment methods, with UAE bank transfers free of charge and international wires incurring AED 73 processing costs.

• Competitive spreads and commissions by account type
• Inactivity fees applicable under specific conditions
• Currency conversion fees standardized across accounts
• Deposit and withdrawal fees vary by method
• Cost-saving features for fixed deposit account holders

Risk Management Tools Across Account Categories

FxView equips UAE traders with comprehensive risk management features embedded in all account types. Negative balance protection prevents liabilities beyond account equity during volatile market swings. Automated margin call alerts notify users via SMS and email immediately when margin levels reach 50%. Stop-out orders close positions at 20% margin to safeguard remaining funds.

Position sizing calculators adjust trade volumes based on equity and leverage, aiding risk control. Daily loss limits can be configured as percentages of account value, applying across positions and pending orders to mitigate sudden market impacts.

Islamic accounts eliminate interest-based fees, substituting overnight swaps with administrative charges compliant with Sharia principles. Profit-sharing replaces fixed interest on savings and fixed deposits. All Islamic features are reviewed regularly by certified boards ensuring compliance for UAE traders.

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