fortum broker Accounts

fortum Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

fortum Account Types Explained

Fortum offers a variety of account types tailored to meet the diverse needs of its customers. Below is a comprehensive overview of the available account types:

1. Fortum Tarkka

• Minimum Deposit Requirement: €0
• Spread/Commission Structure: Spot price + 0.59 c/kWh
• Leverage Options: Not specified
• Key Features:
• Spot-priced electricity contract
• Ability to monitor electricity prices via the Fortum app
• Discounted rates for students
• Target User Profile: Students and budget-conscious consumers
• Trading Instruments Available: Electricity contracts

2. Fortum Duo

• Minimum Deposit Requirement: €0
• Spread/Commission Structure: Fixed price with a hint of spot pricing
• Leverage Options: Not specified
• Key Features:
• Available in 12 and 24-month contracts
• Allows consumers to influence electricity prices based on consumption
• Target User Profile: Consumers looking for a mix of fixed and variable pricing
• Trading Instruments Available: Electricity contracts

3. Fortum Kesto

• Minimum Deposit Requirement: €0
• Spread/Commission Structure: 14.99 c/kWh
• Leverage Options: Not specified
• Key Features:
• Flexible pricing that adjusts according to market conditions
• Valid until further notice
• Target User Profile: Consumers seeking flexibility and ease of management
• Trading Instruments Available: Electricity contracts

4. Fortum Yritys Varma

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: 6.19 c/kWh
• Leverage Options: Not specified
• Key Features:
• Fixed electricity pricing
• Designed for business customers
• Target User Profile: Businesses looking for predictable energy costs
• Trading Instruments Available: Electricity contracts

5. Fortum Yritys Tarkka

• Minimum Deposit Requirement: Not specified
• Spread/Commission Structure: Spot price + 0.68 c/kWh
• Leverage Options: Not specified
• Key Features:
• Variable pricing based on market conditions
• Suitable for businesses that want to optimize energy costs
• Target User Profile: Businesses with fluctuating energy needs
• Trading Instruments Available: Electricity contracts

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Fortum Tarkka
• Intermediate: Fortum Duo
• Advanced: Fortum Kesto, Fortum Yritys Varma, Fortum Yritys Tarkka

Detailed fortum Account Features

Account Features Comparison

Advantages of Each Account Type

• Fortum Tarkka:
• Ideal for students
• Flexible pricing
• Easy app monitoring
• Fortum Duo:
• Mix of fixed and variable pricing
• Predictable costs
• Long-term contracts available
• Fortum Kesto:
• Flexible pricing
• No need for contract renewal
• Easy management
• Fortum Yritys Varma:
• Predictable costs for businesses
• Fixed pricing
• Tailored for business needs
• Fortum Yritys Tarkka:
• Variable pricing for cost optimization
• Suitable for businesses with fluctuating needs
• Tailored solutions available

Disadvantages of Each Account Type

• Fortum Tarkka:
• Limited to students
• Not suitable for high consumption
• Fortum Duo:
• May not suit those preferring pure fixed pricing
• Complexity in pricing structure
• Fortum Kesto:
• Pricing can fluctuate significantly
• Not suitable for those wanting fixed costs
• Fortum Yritys Varma:
• Limited flexibility in pricing
• May not suit businesses with variable needs
• Fortum Yritys Tarkka:
• Potentially higher costs during peak pricing
• Requires active management of energy usage

fortum Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Primarily available in the Nordic countries, Poland, and Spain.
• Prohibited Countries: Not specified in the available data.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of residence (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing the current address.
• Additional Documentation for Professional Accounts: Business registration documents may be required.

KYC/AML Compliance Procedures

Fortum adheres to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring identity verification and proof of residence.

Verification Time Frames

Verification typically takes a few business days, depending on the completeness of the submitted documents.

Step-by-Step fortum Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the Fortum website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, address, and contact information.
3. Choose Account Type: Select the desired account type based on your needs.
4. Set Trading Preferences: Specify your preferences for electricity consumption and pricing.
5. Document Upload: Upload required identity verification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Once verified, fund your account using available payment methods.
8. Start Trading: Begin managing your electricity consumption through the Fortum app or online platform.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with the mobile app offering a more streamlined experience.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are in the correct format and within size limits.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes 2-5 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

Account types can be changed by contacting customer support or through the online account management portal.

fortum Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual environment to practice trading without financial risk.
• Access to the same features as live accounts, including price monitoring and consumption tracking.

How to Open a Demo Account

• Visit the Fortum website and select the demo account option.
• Fill in the required information and submit.

Demo Account Limitations

• Limited duration, typically valid for a specific period (e.g., 30 days).
• Virtual balance may not reflect real market conditions.

Virtual Balance Amount

The demo account usually comes with a set virtual balance (specific amount not provided).

Demo vs Live Account Differences

• Demo accounts do not involve real money transactions.
• Live accounts require actual funding and involve real financial risks.

Duration/Expiry of Demo Accounts

Demo accounts typically expire after a set period, after which users may need to register again.

fortum Islamic Account Details

Swap-Free/Islamic Account Availability

Fortum does not currently offer Islamic or swap-free accounts.

Eligibility Requirements

Not applicable as Islamic accounts are not available.

Differences from Standard Accounts

N/A

How to Apply for Islamic Account

N/A

Restrictions or Special Conditions

N/A

FAQs – fortum Account Types & Opening

1. What account types does fortum offer？

• Fortum offers Tarkka, Duo, Kesto, Yritys Varma, and Yritys Tarkka.

1. What is the minimum deposit for each account type？

• Most accounts have a minimum deposit of €0, while specific business accounts may vary.

1. How long does fortum account verification take？

• Verification typically takes 2-5 business days.

1. Does fortum offer demo accounts？

• Yes, fortum offers demo accounts for practice trading.

1. Can I have multiple account types with fortum？

• Yes, users can have multiple account types.

1. Does fortum offer Islamic/swap-free accounts？

• No, fortum does not offer Islamic or swap-free accounts.

1. What documents do I need to open a fortum account？

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support or through the online portal.