4X Trade broker Accounts

4x trade Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

4x trade Account Types Explained

When entering the forex market, understanding the various account types offered by brokers is crucial. Heres a detailed overview of the different 4x trade account types available:

1. Standard Account

• Minimum Deposit Requirement: Typically ranges from $100 to $500.
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to educational resources and trading tools.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Major and minor currency pairs, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: Usually starts at $1,000.
• Spread/Commission Structure: Tight spreads starting from 0.0 pips; commission of $3 to $7 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, faster execution speeds, and transparency in pricing.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex pairs, commodities, and cryptocurrencies.

3. Pro Account

• Minimum Deposit Requirement: Generally starts at $5,000.
• Spread/Commission Structure: Low spreads from 0.1 pips; commission may apply.
• Leverage Options: Up to 1:100.
• Key Features: Advanced trading tools, personalized support, and lower trading costs.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Comprehensive range including forex, commodities, and indices.

4. Islamic Account

• Minimum Deposit Requirement: Similar to standard accounts, typically from $100.
• Spread/Commission Structure: Similar to standard accounts; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Islamic finance principles; no interest fees.
• Target User Profile: Muslim traders seeking Sharia-compliant trading options.
• Trading Instruments Available: Major and minor currency pairs, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual funds (usually $10,000 to $100,000).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Practice trading without financial risk; access to all trading features.
• Target User Profile: Beginners and experienced traders testing strategies.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Detailed 4x trade Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100 - $500

• ECN: $1,000

• Pro: $5,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.1 pips

• Islamic: Similar to standard

• Demo: Similar to live accounts

• Commission Fees:

• Standard: None

• ECN: $3 - $7 per lot

• Pro: May apply

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Standard lots (100,000 units)

• ECN: Micro (1,000 units) and standard

• Pro: Standard lots

• Islamic: Standard lots

• Demo: Standard lots

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: Proprietary platforms, MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market execution

• ECN: ECN execution

• Pro: Market execution

• Islamic: Market execution

• Demo: Market execution

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: Not applicable

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: Not applicable

• Demo Account Features:

• Virtual balance, access to all trading features, risk-free trading.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit.
• No commission fees.
• Suitable for beginners.
• Access to educational resources.
• Disadvantages:
• Higher spreads compared to ECN accounts.
• Limited advanced trading tools.

ECN Account

• Advantages:
• Tight spreads and direct market access.
• Transparency in pricing.
• Suitable for high-frequency trading.
• Disadvantages:
• Higher minimum deposit.
• Commission fees may apply.

Pro Account

• Advantages:
• Advanced trading tools and lower trading costs.
• Personalized support.
• Suitable for professional traders.
• Disadvantages:
• High minimum deposit.
• May have commission fees.

Islamic Account

• Advantages:
• Compliant with Islamic finance principles.
• No swap fees.
• Suitable for Muslim traders.
• Disadvantages:
• Limited availability depending on the broker.

Demo Account

• Advantages:
• Risk-free trading experience.
• Practice without financial commitment.
• Access to all trading features.
• Disadvantages:
• No real financial gains.
• Limited duration.

4x trade Account Registration Requirements

Eligibility Criteria

• Age Requirements: Typically, traders must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check with the broker.
• Prohibited Countries: Some brokers may restrict access from certain jurisdictions due to regulatory reasons.

Identity Verification Documents Needed

• Proof of Identity: Government-issued ID (passport, drivers license).
• Proof of Residence: Utility bill or bank statement showing the current address.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• Brokers will require documentation to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

Verification Time Frames

• Account verification typically takes between 24 to 48 hours, although some brokers may offer instant approval.

Step-by-Step 4x trade Account Opening Guide

Detailed Registration Process

1. Visit Website and Click Registration: Go to the broker's official website and locate the registration button.
2. Personal Information Entry: Fill in your full name, email address, and create a secure password.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, etc.).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the broker to verify your documents.
7. Fund Your Account: Once approved, deposit funds using your preferred payment method.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• Registration processes are generally similar on both platforms, but mobile apps may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document upload failures.

  Solution: Ensure documents are clear and in the required format.

• Issue: Delayed verification.

  Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 24 to 48 hours, but this can vary based on the broker.

How to Upgrade/Downgrade Account Types

• Contact customer support or use the broker's platform to request changes to your account type.

4x trade Demo Account Guide

Demo Account Features and Benefits

• Allows traders to practice without financial risk.
• Access to all trading features and tools.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Visit the broker's website, select the demo account option, and follow the registration steps similar to a live account.

Demo Account Limitations

• Limited duration (usually 30 to 90 days).
• Virtual funds may not reflect real market conditions.

Virtual Balance Amount

• Typically ranges from $10,000 to $100,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Emotional aspects of trading are absent in demo accounts.

Duration/Expiry of Demo Accounts

• Most demo accounts expire after a set period, usually between 30 to 90 days, but some brokers may allow extensions.

4x trade Islamic Account Details

Swap-Free/Islamic Account Availability

• Many brokers offer Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Traders must declare their need for an Islamic account during registration.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for Muslim traders.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions; check with the broker for details.

FAQs – 4x trade Account Types & Opening

1. What account types does 4x trade offer？

• 4x trade offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100 - $500, ECN: $1,000, Pro: $5,000, Islamic: $100, Demo: Virtual funds.

1. How long does 4x trade account verification take？

• Verification typically takes 24 to 48 hours.

1. Does 4x trade offer demo accounts？

• Yes, 4x trade offers demo accounts for practice trading.

1. Can I have multiple account types with 4x trade？

• Yes, traders can open multiple account types.

1. Does 4x trade offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

1. What documents do I need to open a 4x trade account？

• Proof of identity and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through customer support.