If you have an account with FCMB, you can choose the CLASSIC Savings Account. This account offers a wide range of banking services, including access to ATMs in the country and instant access to your money in any of the FCMB branches. You can also choose to access your account through Internet banking or mobile banking. When opening a Classic Savings Account, make sure you bring your identity documents, such as a driver’s license. For foreign nationals, a copy of their work permit or residence permit is required.
The Classic account is the most popular type for people who do not need a lot of assistance, and offers fixed spreads, instant execution, and four-digit quotations. The Classic account allows for a no-minimum deposit, and supports more than 40 currency pairs, two commodities, 35 stocks, and a range of other instruments. You can also copy other people’s orders – if you’re a leader, you’ll receive 8 USD for every lot copied.
The Classic account comes with zero commission fees, so beginners can trade with confidence. Traders can trade any currency pair with 0.8 pips. There’s no minimum deposit required, and the total cost per trade is around 0.9 pips. The Classic Account is best for beginner traders. If you have a larger account balance, you can upgrade to the VIP Account and start earning from the same commissions. And the VIP account is also for experienced traders, as it only requires $50,000 minimum deposit.
Besides the Classic Account, you can also choose from other types of trading accounts, like LiteFinance EAs. Besides, the LiteFinance EA platform provides you with the tools necessary to develop profitable trading strategies. You can even use news time trading to trade on LiteFinance. In addition to this, the LiteFinance platform also offers a personal account manager, so that you can have a dedicated account manager for the CLASSIC trading account.
Tickmill offers three types of accounts: Classic, VIP, and Pro. The Classic account has the lowest commissions and allows you to use virtually any trading strategy. The Classic Account also offers fast order execution. Tickmill allows you to trade commission-free, meaning that you only pay the bid/ask spread on your transactions. For a higher deposit, Tickmill has a zero-fee policy. They also give recommendations to help you choose the best account.
While the two types of accounts are similar, classic accounts are created using existing Service Management APIs. Newer accounts are created using the Azure Resource Manager (ARM) APIs, which are wrapped in PowerShell and CLI. In addition, they allow you to tag resources. You cannot convert a classic storage account to a new type of account, so it’s important to understand the difference. You can also find out what a Classic Storage Account is and how it’s created.