77 bank broker Accounts

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

Part 1: 77 Bank Account Types Overview

77 Bank Account Types Explained

77 Bank offers a variety of account types tailored to meet different trading needs. Heres a detailed overview of each account type:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Basic trading tools, access to all trading instruments
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.1 pips + $5 commission per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, faster execution
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips + $3 commission per lot
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts
• Leverage Options: Up to 1:100
• Key Features: Swap-free trading, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard account
• Leverage Options: Same as Standard account
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Testing Strategies: Demo Account

Part 2: 77 Bank Account Features Comparison

Detailed 77 Bank Account Features

1. Minimum Deposit

• Standard: $100
• ECN: $500
• Pro: $1,000
• Islamic: $500
• Demo: N/A

1. Maximum Leverage

• Standard: Up to 1:100
• ECN: Up to 1:200
• Pro: Up to 1:300
• Islamic: Up to 1:100

1. Spreads (Typical/Minimum)

• Standard: From 1.5 pips
• ECN: From 0.1 pips
• Pro: From 0.5 pips
• Islamic: Similar to Standard

1. Commission Fees

• Standard: None
• ECN: $5 per lot
• Pro: $3 per lot
• Islamic: None

1. Lot Size

• Standard: Micro, Mini, Standard
• ECN: Micro, Mini, Standard
• Pro: Micro, Mini, Standard
• Islamic: Micro, Mini, Standard

1. Available Trading Platforms

• Standard: MT4, MT5
• ECN: MT4, MT5
• Pro: MT4, MT5
• Islamic: MT4, MT5

1. Execution Type

• Standard: Market
• ECN: ECN
• Pro: Instant
• Islamic: Market

1. Islamic Account Availability

• Standard: Yes
• ECN: Yes
• Pro: Yes
• Islamic: Yes

1. Swap-Free Options

• All accounts can be converted to swap-free upon request.

1. Demo Account Features

• Virtual balance: $10,000
• Duration: Unlimited until account is inactive for 30 days.

Advantages of Each Account Type

• Standard Account:
• Easy to open
• No commission fees
• Suitable for beginners
• ECN Account:
• Lower spreads
• Direct market access
• Suitable for high-frequency trading
• Pro Account:
• Enhanced trading conditions
• Priority support
• Suitable for professional traders
• Islamic Account:
• Compliant with Sharia law
• No swap fees
• Suitable for Muslim traders
• Demo Account:
• Risk-free trading
• Practice strategies
• Unlimited duration

Disadvantages of Each Account Type

• Standard Account:
• Higher spreads
• Limited advanced features
• ECN Account:
• Requires higher minimum deposit
• Commission fees apply
• Pro Account:
• Higher minimum deposit
• Commission fees apply
• Islamic Account:
• Limited to specific trading conditions
• Demo Account:
• No real profits
• Limited to virtual funds

Part 3: 77 Bank Account Opening Requirements

77 Bank Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in most countries, but specific restrictions may apply.
• Prohibited Countries: Check with the bank for the latest list of restricted countries.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Must provide a document showing current address.
• Additional Documentation for Professional Accounts: Business registration documents, tax identification number.

KYC/AML Compliance Procedures

• Complete Know Your Customer (KYC) verification.
• Anti-Money Laundering (AML) checks are performed during the registration process.

Verification Time Frames

• Account verification typically takes 1-3 business days.

Part 4: 77 Bank Account Opening Process

Step-by-Step 77 Bank Account Opening Guide

1. Visit Website and Click Registration: Go to the official 77 Bank website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details including name, address, and contact information.
3. Choose Account Type: Select the type of account you want to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the bank to verify your documents and information.
7. Fund Your Account: Once verified, fund your account using the available payment methods.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• Desktop registration may offer more detailed options and features.
• Mobile registration is streamlined for quick access and convenience.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are in the correct format and size.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: 77 Bank Demo Account Information

77 Bank Demo Account Guide

Demo Account Features and Benefits

• Allows risk-free trading with virtual funds.
• Access to all trading instruments available in live accounts.
• Ideal for practicing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Select the demo account option during the registration process and follow the prompts.

Demo Account Limitations

• Virtual funds only; no real profits can be made.
• Limited duration if inactive for 30 days.

Virtual Balance Amount

• Typically set at $10,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money.
• Live accounts may incur commissions and spreads; demo accounts do not.

Duration/Expiry of Demo Accounts

• Demo accounts remain active until they are inactive for 30 days.

Part 6: 77 Bank Islamic Account Details

77 Bank Islamic Account Details

Swap-Free/Islamic Account Availability

• 77 Bank offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must meet standard account opening requirements.
• Provide documentation confirming the need for a swap-free account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees.
• Trading conditions may vary slightly to comply with Sharia law.

How to Apply for Islamic Account

• Indicate the request for an Islamic account during the registration process or contact customer support.

Restrictions or Special Conditions

• Must adhere to specific trading conditions set forth by the bank.

FAQs – 77 Bank Account Types & Opening

1. What account types does 77 bank offer？

• 77 Bank offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $500, Demo: N/A.

1. How long does 77 bank account verification take？

• Verification typically takes 1-3 business days.

1. Does 77 bank offer demo accounts？

• Yes, 77 Bank offers demo accounts for practice trading.

1. Can I have multiple account types with 77 bank？

• Yes, you can open multiple account types.

1. Does 77 bank offer Islamic/swap-free accounts？

• Yes, 77 Bank offers Islamic accounts that are swap-free.

1. What documents do I need to open a 77 bank account？

• Government-issued ID and proof of address 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.