alt markets Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

Part 1: alt markets Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and indices.
• Target User Profile: Beginners to intermediate traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, indices, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $5,000
• Spread/Commission Structure: Fixed spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Premium features including dedicated account manager and advanced trading tools.
• Target User Profile: Professional traders and institutional clients.
• Trading Instruments Available: Forex pairs, commodities, indices, cryptocurrencies, and more.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no overnight interest.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex pairs, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without risk; access to all trading features.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account

Part 2: alt markets Account Features Comparison

Detailed alt markets Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $5,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:100

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Lot Size:

• Standard: Standard lots

• ECN: Micro, Mini, Standard

• Pro: Standard lots

• Islamic: Standard lots

• Demo: Standard lots

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic Account.

• Swap-Free Options: Available for Islamic Account.

• Demo Account Features: Full access to trading features with virtual funds.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• ECN Account:

• Tight spreads.

• Fast execution.

• Suitable for scalping.

• Pro Account:

• Dedicated account manager.

• Advanced trading tools.

• Lower commission rates.

• Islamic Account:

• Complies with Sharia law.

• No overnight interest fees.

• Demo Account:

• Risk-free trading.

• Practice with real market conditions.

• Test strategies before going live.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees apply.

• Pro Account:

• High minimum deposit requirement.

• Islamic Account:

• Limited to Muslim traders.

• Demo Account:

• No real profits or losses.

• Limited duration for practice.

Part 3: alt markets Account Registration Requirements

alt markets Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries; specific restrictions may apply.

• Prohibited Countries: Countries under sanctions or restrictions by the broker.

• Identity Verification Documents Needed:

• Government-issued photo ID (passport or drivers license).

• Proof of address (utility bill or bank statement).

• Proof of Residence Requirements:

• Document must be recent (within the last 6 months) and show the name and address.

• Additional Documentation for Professional Accounts:

• May require financial statements or proof of trading experience.

• KYC/AML Compliance Procedures:

• Mandatory verification of identity and residence to comply with regulations.

• Verification Time Frames:

• Typically takes 1-3 business days for account verification.

Part 4: alt markets Account Opening Process

Step-by-Step alt markets Account Opening Guide

1. Visit Website and Click Registration:

• Go to the alt markets homepage and click on "Open a Live Account."

1. Personal Information Entry:

• Fill out the registration form with personal details such as name, email, and country of residence.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Indicate your trading preferences and risk tolerance.

1. Document Upload:

• Upload required documents for identity and address verification.

1. Account Verification:

• Wait for the verification process to complete.

1. Fund Your Account:

• Deposit funds using available payment methods.

1. Start Trading:

• Once verified and funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but the mobile version may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and meet size requirements.

• 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

• Log in to your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: alt markets Demo Account Information

alt markets Demo Account Guide

• Demo Account Features and Benefits:

• Access to all trading instruments.

• Practice trading strategies without financial risk.

• How to Open a Demo Account:

• Follow the registration process and select "Demo Account."

• Demo Account Limitations:

• Limited virtual funds and time duration for practice.

• Virtual Balance Amount:

• Typically $10,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts do not involve real money; live accounts do.

• Duration/Expiry of Demo Accounts:

• Demo accounts may expire after 30 days, depending on the broker's policy.

Part 6: alt markets Islamic Account Details

alt markets Islamic Account Details

• Swap-Free/Islamic Account Availability:

• Yes, available for Muslim traders.

• Eligibility Requirements:

• Must be a practicing Muslim.

• Differences from Standard Accounts:

• No swap fees applied for overnight positions.

• How to Apply for Islamic Account:

• Select Islamic Account during the registration process.

• Restrictions or Special Conditions:

• Must comply with Islamic finance principles.

FAQs – alt markets Account Types & Opening

1. What account types does alt markets offer？

• alt markets offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

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

1. How long does alt markets account verification take？

• Verification typically takes 1-3 business days.

1. Does alt markets offer demo accounts？

• Yes, alt markets offers demo accounts for practice trading.

1. Can I have multiple account types with alt markets？

• Yes, you can open multiple account types.

1. Does alt markets offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for Muslim traders.

1. What documents do I need to open a alt markets account？

• A government-issued photo ID and proof of address.

1. Can I change my account type after registration？

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