Kitco Markets Account Type

Kitco Markets offers two main types of trading accounts:

• Raw Spread Account:
• This account displays the raw inter-bank spread received from liquidity providers.
• A commission charge of $5 per standard lot round turn applies.
• Standard Account:
• No commission is charged on standard accounts.
• Instead, there is a markup applied to the spread above the raw inter-bank rate received from liquidity providers.

The minimum amount required to open an account is $200 USD or the currency equivalent.

Kitco Markets Broker Account Opening Process

To open an account with Kitco Markets, follow these steps:

• Choose Your Account Type: Decide between a Raw Spread Account or a Standard Account.
• Submit Required Documents: You will need to provide:
• A proof of identity (valid passport, driving license, or national ID card).
• A proof of residence (utility bill or bank statement dated within the last six months).
• Account Verification: Allow up to one business day for document verification; however, the aim is to have your account open within the hour.
• Funding Your Account: The minimum deposit to fund your account is $200 USD.
• Start Trading: Once your account is verified and funded, you can begin trading.

For more details, visit the following sources:

• Kitco Accounts FAQ
• Myfxbook Kitco Markets Review