Arbitrum offers various account types tailored to meet the needs of different users, from beginners to advanced traders. Below is a detailed overview of the available account types:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments |
|---|---|---|---|---|---|---|
| Standard | $100 | Variable spreads, no commission | Up to 1:100 | Basic trading features, access to educational resources | Beginners | Forex, Crypto, Stocks |
| Pro | $1,000 | Tight spreads, low commission | Up to 1:200 | Advanced trading tools, priority support | Experienced traders | Forex, Crypto, Commodities |
| Islamic | $500 | Variable spreads, no commission | Up to 1:100 | Swap-free trading, compliant with Islamic law | Muslim traders | Forex, Crypto |
| Demo | N/A | N/A | N/A | Practice trading without risk | Beginners | Forex, Crypto, Stocks |
When comparing the features of different account types, the following aspects are crucial:
| Feature | Standard Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|
| Minimum Deposit | $100 | $1,000 | $500 | N/A |
| Maximum Leverage | 1:100 | 1:200 | 1:100 | N/A |
| Spreads (Typical/Minimum) | Variable | Tight | Variable | N/A |
| Commission Fees | None | Low | None | N/A |
| Lot Size | Standard | Mini/Standard | Standard | N/A |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4 |
| Execution Type | Market | ECN | Market | N/A |
| Islamic Account Availability | No | No | Yes | No |
| Swap-Free Options | No | No | Yes | No |
| Demo Account Features | No | No | No | Yes |
Standard Account:
Low minimum deposit
Easy to use for beginners
Access to educational resources
No commission fees
Pro Account:
Tight spreads for better trading
Advanced trading tools
Higher leverage options
Priority customer support
Islamic Account:
Compliance with Islamic finance principles
No swap fees
Flexible trading options
Demo Account:
Risk-free trading environment
Practice without financial commitment
Access to all trading instruments
Standard Account:
Limited advanced features
Lower leverage compared to Pro Account
Pro Account:
Higher minimum deposit requirement
More complex for beginners
Islamic Account:
Limited availability for non-Muslim traders
Demo Account:
No real money trading
Limited duration for practice
To open an account with Arbitrum, users must meet specific eligibility criteria:
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Certain countries may be restricted; check local regulations.
Prohibited Countries: Users from countries under sanctions may not be eligible.
Identity Verification Documents Needed:
Government-issued ID (passport or drivers license).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Business registration documents (if applicable).
Financial statements may be required for high-value accounts.
KYC/AML Compliance Procedures:
Users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification typically involves submitting documents and may require a video call.
Verification Time Frames:
Account verification can take anywhere from a few hours to several days, depending on the volume of applications.
Demo Account Features and Benefits:
Allows users to practice trading strategies without financial risk.
Access to all trading instruments available in live accounts.
How to Open a Demo Account:
Follow the same registration process and select the demo account option.
Demo Account Limitations:
Virtual funds may be limited.
Time restrictions may apply to demo accounts.
Virtual Balance Amount:
Typically set at a predetermined amount (e.g., $10,000 virtual funds).
Demo vs Live Account Differences:
Demo accounts do not involve real money, while live accounts do.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a certain period, often 30 days, but can be renewed.
Swap-Free/Islamic Account Availability:
Arbitrum offers Islamic accounts that comply with Sharia law, allowing for trading without swap fees.
Eligibility Requirements:
Users must declare their adherence to Islamic finance principles.
Differences from Standard Accounts:
Islamic accounts do not incur overnight fees, making them suitable for Muslim traders.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions:
Islamic accounts may have specific trading conditions; consult customer support for details.
Explore broker markets account types: forex/trading accounts with demo access.