ARM broker Accounts

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

Part 1: arm Account Types Overview

arm Account Types Explained

ARM (Asset & Resource Management) offers various account types tailored to different trading needs. Below is an overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: ₦5,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:100
• Key Features: Suitable for beginners, access to educational resources, and standard trading instruments.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: ₦10,000
• Spread/Commission Structure: Low spreads starting from 0.1 pips with a commission of ₦1,000 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and lower spreads.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, cryptocurrencies, and commodities.

3. Pro Account

• Minimum Deposit Requirement: ₦50,000
• Spread/Commission Structure: Spreads from 0.0 pips with a commission of ₦500 per lot.
• Leverage Options: Up to 1:500
• Key Features: Advanced trading tools, professional support, and higher leverage.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

4. Islamic Account

• Minimum Deposit Requirement: ₦10,000
• Spread/Commission Structure: Similar to Standard or ECN accounts, but without swap fees.
• Leverage Options: Up to 1:100
• Key Features: Swap-free trading compliant with Islamic law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically ₦1,000,000)
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Practice trading without financial risk, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and more.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: arm Account Features Comparison

Detailed arm Account Features

Comparing features across different account types helps traders choose the best option for their needs.

• Minimum Deposit:

• Standard: ₦5,000

• ECN: ₦10,000

• Pro: ₦50,000

• Islamic: ₦10,000

• Demo: Virtual balance

• Maximum Leverage:

• Standard: Up to 1:100

• ECN: Up to 1:200

• Pro: Up to 1:500

• Islamic: Up to 1:100

• Demo: Same as Standard

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.0 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: ₦1,000 per lot

• Pro: ₦500 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro/Standard

• ECN: Micro/Standard

• Pro: Standard

• Islamic: Micro/Standard

• Demo: Micro/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: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Standard: No

• ECN: No

• Pro: No

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual balance for practice, access to all trading instruments, and no financial risk.

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Access to educational resources.

• ECN Account:

• Lower spreads.

• Faster execution speeds.

• Direct market access.

• Pro Account:

• Highest leverage options.

• Advanced trading tools.

• Professional support.

• Islamic Account:

• Compliant with Islamic law.

• No swap fees.

• Flexible trading options.

• Demo Account:

• Risk-free trading environment.

• Ideal for strategy testing.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Requires higher minimum deposit.

• Commission fees can add up.

• Pro Account:

• High minimum deposit requirement.

• May not be suitable for casual traders.

• Islamic Account:

• Limited availability.

• May have restrictions on certain instruments.

• Demo Account:

• No real financial gains.

• Limited duration for practice.

Part 3: arm Account Opening Requirements

arm Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Varies by account type; check with ARM for specific regions.
• Prohibited Countries: Specific countries may be restricted; refer to ARM's terms for details.
• Identity Verification Documents Needed: Valid government-issued ID (passport, driver's license).
• Proof of Residence Requirements: Recent utility bill or bank statement.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• ARM adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to provide necessary identification and proof of residence.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.

Part 4: arm Account Opening Process

Step-by-Step arm Account Opening Guide

1. Visit Website and Click Registration: Go to the ARM website and click on the registration link.
2. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
3. Choose Account Type: Select the account type that suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for ARM to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though the mobile interface may have simplified steps.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are in the correct format and size.
• Issue: Delayed verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Generally, account approval takes between 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Account type changes can typically be requested through the client dashboard or by contacting customer support.

Part 5: arm Demo Account Information

arm Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual trading environment to practice without financial risk.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies and familiarizing with the trading platform.

How to Open a Demo Account

• Visit the ARM website and select the demo account option, then follow the registration steps.

Demo Account Limitations

• Limited duration for use (typically 30 days).
• No real financial gains or losses.

Virtual Balance Amount

• Usually set at ₦1,000,000 for practice trading.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur actual trading costs (spreads, commissions).

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: arm Islamic Account (if available)

arm Islamic Account Details

Swap-Free/Islamic Account Availability

• ARM offers Islamic accounts that comply with Sharia law, allowing for swap-free trading.

Eligibility Requirements

• Must meet standard account opening requirements and indicate the 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 and provide necessary documentation.

Restrictions or Special Conditions

• May have limitations on certain trading instruments or strategies.

FAQs – arm Account Types & Opening

1. What account types does arm offer？

• ARM offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard: ₦5,000, ECN: ₦10,000, Pro: ₦50,000, Islamic: ₦10,000, Demo: Virtual balance.

1. How long does arm account verification take？

• Verification typically takes 1-3 business days.

1. Does arm offer demo accounts？

• Yes, ARM provides demo accounts for practice trading.

1. Can I have multiple account types with arm？

• Yes, traders can open multiple account types.

1. Does arm offer Islamic/swap-free accounts？

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

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

• Valid ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through customer support.