Banyan Account Type

　　Banyan offers three types of trading accounts tailored to different trading styles and expertise levels: Classic, Pro, and VIP.

Classic Account

• Minimum Deposit: $100
• Spread: From 1.6
• Leverage: Up to 1:500 for Forex, 1:250 for Metals, 1:50 for Energy and Index, 1:20 for Stocks, and 1:100 for Crypto.
• Commissions: No FX or Index CFD commissions; 0.5% for single stock and crypto commissions.
• Trading Restrictions: None; both EAs and scalping are allowed.
• Trading Platform: MT4
• Execution: Market execution
• Trading Instruments: 2000+ instruments across Forex, Metals, Indices, Energy, Stocks, and Crypto.
• Account Currency: USD
• Minimum Trade Size: 0.01 for Forex and Metals.

Pro Account

• Minimum Deposit: $5,000
• Spread: From 0.6
• Leverage: Up to 1:500 for Forex, 1:250 for Metals, 1:50 for Energy and Index, 1:20 for Stocks, and 1:100 for Crypto.
• Commissions: No FX or Index CFD commissions; 0.5% for single stock and crypto commissions.
• Trading Restrictions: None; both EAs and scalping are allowed.
• Trading Platform: MT4
• Execution: Market execution
• Trading Instruments: 2000+ instruments across Forex, Metals, Indices, Energy, Stocks, and Crypto.
• Account Currency: USD
• Minimum Trade Size: 0.01 for Forex and Metals.

VIP Account

• Minimum Deposit: $50,000
• Spread: From 0.4
• Leverage: Up to 1:500 for Forex, 1:250 for Metals, 1:50 for Energy and Index, 1:20 for Stocks, and 1:100 for Crypto.
• Commissions: No FX or Index CFD commissions; 0.5% for single stock and crypto commissions.
• Trading Restrictions: None; both EAs and scalping are allowed.
• Trading Platform: MT4
• Execution: Market execution
• Trading Instruments: 2000+ instruments across Forex, Metals, Indices, Energy, Stocks, and Crypto.
• Account Currency: USD
• Minimum Trade Size: 0.01 for Forex and Metals.

　　For more details, visit the Banyan account type page.

Banyan Broker Account Opening Process

　　To open an account with Banyan, follow these steps:

• Choose Account Type: Decide on the account type (Classic, Pro, or VIP) that fits your trading needs.
• Complete Application: Fill out the online application form with your personal details.
• Submit Documents: Provide necessary documents for identity verification, such as a government-issued ID and proof of address.
• Initial Deposit: Fund your account with the minimum required deposit for your chosen account type.
• Account Activation: Once your application is approved and the deposit is processed, your account will be activated.
• Begin Trading: You can now access the trading platform (MT4) and start trading with over 2000 instruments.

　　For further assistance, visit the Banyan website or contact their support team.