As implied by the title, a Pence Account deals with pennies. Deposit 5 GB pounds sterling and your account will have a balance of 500 pennies, deposit 10 GB pound sterling and they will be reflected as 1000 pennies. There are no major differences in the structure of traditional accounts and penny accounts; the main element which distinguishes the two is that regardless of how much money you deposit, your balance will always appear in pence.

At KIWI the Penny Account is available on Standard MT4 accounts. You can trade in GBPence, EUCent and USCent. The minimum deposit is £/€/$ 5 with no maximum. Maximum leverage is 1:1000 – 1:25 with variable spread starting from 1.23. The margin call is seventy percent and stop-out fifty percent.

A spread is the difference between a currency's buy and sell prices. A spread can change (floating spread) or be constant (fixed spread).

The smaller the spread on trading instruments the better, unless you’re looking at long-term investments. For those who trade in short time frames, performing a large number of transactions in a day, the relevance of the spread size increases sharply. If you make a large number of transactions, reducing spreads decreases your trading costs.

Fixed spreads can be useful in a highly volatile market, though only a few highly-experienced professional traders are likely to correctly predict the market's behaviour to fully take advantage of these periods. Since 2014, in order to accommodate clients' wishes, KIWI has offered clients a fixed spread account with MetaTrader 4. The margin call is forty percent and stop out level twenty percent.

Floating spreads accurately reflect the prices of trading instruments and how quickly those prices are changing. Periods of expanding spreads are brief and easily predictable. To successfully trade the speed of order execution is important, at KIWI order execution is 0.1 - 1 second.

The Starter ECN has a variable spread starting from 1.2. The margin call is sixty percent and stop out thirty percent. Maximum leverage is 1:1500

For more experienced traders who want professional advantage the ECN Pro has spreads from 0.0. Minimum deposit is £25 and leverage 1:500. Commission is £2 per £100,000 traded, one of the lowest standard commissions on the market today. You can trade sixty-two currency pairs with fluctuating spreads starting from 0.0.

The execution models are ECN, DMA, NDD, STP using market execution. The margin call is 100 percent and the stop-out thirty percent.

Any withdrawal request received before 20:00 GMT will be processed that day, with funds returned to the same name as your KIWI trading account. Withdrawals made by Bank Wire Transfer usually take 3-5 working days to reach your account. Withdrawal made by E currency usually takes up to one day to reach your account.