Business
License
| Account Type | Minimum Deposit | Spread | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | From 1.5 pips | N/A | Up to 1:500 | Beginners |
| ECN | $500 | From 0.1 pips | $3/lot | Up to 1:200 | Advanced Traders |
| Pro | $1,000 | From 0.0 pips | $2/lot | Up to 1:100 | Institutional Traders |
| Islamic | $100 | Similar to Standard | N/A | Up to 1:500 | Muslim Traders |
| Demo | N/A | Same as Standard | N/A | Up to 1:500 | All Levels |
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:
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: N/A
ECN: $3 per lot
Pro: $2 per lot
Islamic: N/A
Demo: N/A
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, MT5
ECN: MT4, MT5
Pro: MT4, MT5
Islamic: MT4, MT5
Demo: MT4, MT5
Execution Type:
Standard: Market
ECN: ECN
Pro: ECN
Islamic: Market
Demo: Market
Islamic Account Availability:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Demo: No
Swap-Free Options:
Standard: Yes
ECN: Yes
Pro: Yes
Islamic: Yes
Demo: No
Demo Account Features:
Virtual balance, access to all trading instruments, risk-free environment.
Standard Account:
Low minimum deposit
User-friendly interface
Access to educational resources
ECN Account:
Tight spreads
Direct market access
Faster execution speeds
Pro Account:
Professional trading tools
Advanced charting features
Lower commission rates
Islamic Account:
Compliant with Sharia law
No swap fees
Same features as Standard Account
Demo Account:
Risk-free trading
Practice strategies
Access to all trading instruments
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Higher minimum deposit
Commission fees may apply
Pro Account:
Requires higher minimum deposit
More complex for beginners
Islamic Account:
Limited availability for some trading instruments
May have restrictions on certain trading strategies
Demo Account:
Virtual funds may not reflect real trading conditions
Limited duration for practice
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available in most countries; check specific regulations based on your location.
Prohibited Countries: Countries under international sanctions may be restricted.
Identity Verification Documents Needed:
Government-issued ID (passport, national ID)
Proof of address (utility bill, bank statement)
Proof of Residence Requirements:
Recent document showing your name and address.
Additional Documentation for Professional Accounts:
Proof of trading experience or financial status may be required.
KYC/AML Compliance Procedures:
Complete identity verification to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
Verification Time Frames:
Typically 1-3 business days for account verification.
Issue: Document upload failure.
Solution: Ensure documents are clear and in the correct format.
Issue: Account verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Risk-free trading environment
Access to all trading instruments
Ability to practice strategies without financial risk
How to Open a Demo Account:
Follow the same registration process, selecting the demo account option.
Demo Account Limitations:
Limited duration (typically 30 days) and virtual funds.
Virtual Balance Amount:
Usually set at $10,000 virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days of inactivity.
Swap-Free/Islamic Account Availability:
Yes, available for all account types.
Eligibility Requirements:
Must adhere to Islamic finance principles.
Differences from Standard Accounts:
No swap fees applied to overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during registration or contact support.
Restrictions or Special Conditions:
Must comply with Sharia law; trading strategies must not involve prohibited activities.
Explore broker markets account types: forex/trading accounts with demo access.