Artascope offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their features and requirements.
| Account Type | Minimum Deposit | Spread Type | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | Fixed | None | Up to 1:500 | Beginners |
| ECN | $500 | Variable | $3/lot | Up to 1:200 | Advanced Traders |
| Pro | $1,000 | Variable | $2/lot | Up to 1:100 | Professional Traders |
| Islamic | $100 | Fixed | None | Up to 1:500 | Muslim Traders |
| Demo | N/A | Fixed | None | Up to 1:500 | All Levels |
When considering which account type to open, its essential to compare the features across different accounts.
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: N/A
Maximum Leverage:
Standard: Up to 1:500
ECN: Up to 1:200
Pro: Up to 1:100
Islamic: Up to 1:500
Demo: Up to 1:500
Spreads (Typical/Minimum):
Standard: Fixed from 1.0 pips
ECN: Variable from 0.1 pips
Pro: Variable from 0.0 pips
Islamic: Fixed from 1.0 pips
Demo: Similar to Standard
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Demo: None
Lot Size:
Standard: Micro, Mini, Standard
ECN: Micro, Mini, Standard
Pro: Micro, Mini, Standard
Islamic: Micro, Mini, Standard
Demo: Micro, Mini, Standard
Available Trading Platforms:
Standard: MT4
ECN: MT4, MT5
Pro: MT4, MT5
Islamic: MT4
Demo: MT4
Execution Type:
Standard: Market
ECN: ECN
Pro: ECN
Islamic: Market
Demo: Market
Islamic Account Availability: Yes for Islamic Account
Swap-Free Options: Available for Islamic Account
Demo Account Features: Virtual funds, access to all trading instruments
Advantages of Each Account Type:
Standard: Easy to use, no commissions, ideal for beginners.
ECN: Lower spreads, direct market access, suitable for scalping.
Pro: Advanced tools, lower commissions, tailored for professionals.
Islamic: Compliant with Islamic law, no swaps.
Demo: Risk-free environment, practice strategies.
Disadvantages of Each Account Type:
Standard: Limited advanced features.
ECN: Higher minimum deposit, commissions apply.
Pro: Higher minimum deposit, complex for beginners.
Islamic: Limited to specific trading conditions.
Demo: No real profits, limited duration.
To open an account with Artascope, you must meet certain eligibility criteria and provide necessary documentation.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Services may not be available in certain countries (specific countries not listed).
Prohibited Countries: Not specified in the sources.
Identity Verification Documents Needed:
Government-issued photo ID (passport, drivers license).
Proof of residence (utility bill, bank statement).
Additional Documentation for Professional Accounts:
Business registration documents (if applicable).
KYC/AML Compliance Procedures:
Verification of identity and address to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
Verification Time Frames:
Typically, account verification can take up to 3-5 business days.
The process to open an account with Artascope is straightforward. Follow these steps:
Artascope offers a demo account for traders to practice their strategies without financial risk.
Demo Account Features and Benefits:
Access to all trading instruments.
Virtual funds to simulate real trading conditions.
Ability to practice trading strategies.
How to Open a Demo Account:
Follow the same registration process as for a live account but select the demo account option.
Demo Account Limitations:
Limited to virtual funds; no real profits can be made.
Virtual Balance Amount:
Typically starts with a virtual balance of $10,000.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a certain period (usually 30 days), but this can vary.
Artascope provides an Islamic account option for traders who require swap-free trading.
Explore broker markets account types: forex/trading accounts with demo access.