| Account Type | Minimum Deposit | Spread | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.5 pips | None | Up to 1:500 | Beginners |
| ECN | $500 | From 0.0 pips | $3 per lot | Up to 1:100 | Advanced Traders |
| Pro | $1,000 | From 1.0 pip | None | Up to 1:200 | Professional Traders |
| Islamic | $100 | Similar to Standard | None | Up to 1:500 | Muslim Traders |
| Demo | Virtual funds | Same as Standard | None | Same as Standard | Beginners |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: Virtual funds
Maximum Leverage:
Standard: Up to 1:500
ECN: Up to 1:100
Pro: Up to 1:200
Islamic: Up to 1:500
Demo: Same as Standard
Spreads (Typical/Minimum):
Standard: From 1.5 pips
ECN: From 0.0 pips
Pro: From 1.0 pip
Islamic: Similar to Standard
Demo: Same as Standard
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: None
Islamic: None
Demo: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: Mini, Standard
Islamic: Micro, Mini, Standard
Demo: Micro, Mini, Standard
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: Instant
Islamic: Market
Demo: Market
Islamic Account Availability:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: N/A
Demo: N/A
Swap-Free Options:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: N/A
Demo: N/A
Demo Account Features:
Virtual trading environment, same features as live accounts, risk-free.
Standard Account:
Easy to use for beginners
Low minimum deposit
Access to a variety of instruments
ECN Account:
Tight spreads and low commissions
Direct market access
Ideal for high-frequency trading
Pro Account:
Fixed spreads for easier planning
Advanced trading tools
Suitable for professional traders
Islamic Account:
Compliant with Sharia law
No interest charges
Same features as Standard Account
Demo Account:
Risk-free trading
Practice strategies without financial risk
Access to all trading instruments
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Higher minimum deposit
Commission fees can add up
Pro Account:
Higher minimum deposit
Limited to professional traders
Islamic Account:
Limited availability of features compared to other accounts
Demo Account:
No real profits can be made
Limited duration for practice
Eligibility Criteria:
Age Requirements: Minimum age of 18 years
Geographic Restrictions: Available in most countries; check specific restrictions
Prohibited Countries: Countries under sanctions or with restricted trading laws
Identity Verification Documents Needed:
Government-issued ID (passport or national ID)
Proof of address (utility bill or bank statement)
Proof of Residence Requirements:
Recent utility bill or bank statement showing the applicant's name and address
Additional Documentation for Professional Accounts:
Proof of trading experience or financial background may be required
KYC/AML Compliance Procedures:
Completion of Know Your Customer (KYC) and Anti-Money Laundering (AML) checks
Verification Time Frames:
Typically 1-3 business days for account verification
Demo Account Features and Benefits:
Access to all trading instruments
Practice trading strategies without financial risk
Real-time market conditions
How to Open a Demo Account:
Follow the same registration steps as a live account but select the demo option.
Demo Account Limitations:
Virtual funds only; no real profits can be made.
Virtual Balance Amount:
Typically $10,000 in virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money.
Duration/Expiry of Demo Accounts:
Demo accounts may remain active for a limited time, typically 30 days, but can be extended upon request.
Swap-Free/Islamic Account Availability:
Yes, available for all account types.
Eligibility Requirements:
Must be a practicing Muslim to qualify for an Islamic account.
Differences from Standard Accounts:
No swap fees applied; otherwise, features are similar to the Standard Account.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process.
Restrictions or Special Conditions:
Must adhere to Sharia law; no interest-bearing transactions allowed.
Explore broker markets account types: forex/trading accounts with demo access.