Singular Bank-Overview of Minimum Deposit, Spreads & Leverage

General Information

Singular Bank, S.A.U. (formerly Self Trade Bank S.A.U.), also known as “Self Bank”, is a Spanish digital bank owned by Boursorama and is regulated by Comisión Nacional del Mercado de valores (CNMV). Self Bank has been engaging in online banking for more than 15 years with more than 750,000 customers throughout Europe.

Products

Clients will be able to trade CFDs: on stocks, ETFs, indices, commodities and currencies (more than 165 currency pairs). Clients can have access to a wide range of products: agricultural, energy, common and precious metals, bonds, currencies, interest rates and stock indices. Self Bank also offers investment funds, profiled multi-asset funds, pension plans, spot exchange account, non-custodial stock exchange account, self account, self saving account, ETFs.

Accounts & Leverage

Self Bank offers the real account and the demo account for forex trading. If clients already have a real account, they can access directly from the client area. If clients don't have a live CFD and Forex account, they can try the platform for free for 20 days. The maximum leverage is up to 1:30.

Commissions

For forex trading, the main commission is the spread. There is an additional cost of USD 10 when trading below certain amounts, for example below €50,000 in the EUR/USD pair.

Trading Platform Available

Self Bank provides clients with access to the world‘s financial markets through Self Bank’s CFD and Forex Platform.

Trading Hours

Access to forex trading will be from Monday 5:00 am (Sydney time) to Friday 5:00 pm (New York time).

Deposits

• 3-year Fixed Term Deposit: 36-month deposit (1,905 days) with a minimum amount of €3,000 and a maximum of €50,000; 0.05% APR

• 5-year Fixed-Term Deposit: 60-month deposit (1,825 days) with a minimum amount of €3,000 and a maximum of €50,000; 0.25% APR

Customer Support

If clients have any questions or concerns, please call 914 890 888 or email informacion@selfbank.es for consultation. Working hours are 8:00 - 22:00 Monday to Friday.