Cang broker Accounts

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

Part 1: cang Account Types Explained

Available Account Types

Cang offers a variety of account types to cater to different trading needs. Below are the primary account types available:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Ideal for beginners, access to all trading instruments, and educational resources.
• Target User Profile: Beginners and casual traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips with a commission of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads from 1.0 pip with a commission of $2 per lot
• Leverage Options: Up to 1:300
• Key Features: Enhanced trading conditions, priority support, and advanced trading tools.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading to comply with Islamic finance principles.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and traders testing strategies
• Trading Instruments Available: Same as live accounts

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: cang Account Features Comparison

Detailed cang Account Features

The following features are compared across different cang account types:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Demo: Same as Standard

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: From 1.5 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Standard

• Pro: 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: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: N/A

• Demo Account Features:

• Virtual balance of typically $10,000, access to all trading instruments, and same trading conditions as live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• No commissions

• Educational resources available

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalping

• Pro Account:

• Enhanced trading conditions

• Priority customer support

• Advanced trading tools

• Islamic Account:

• Complies with Islamic finance principles

• No swap fees

• Same trading conditions as Standard Account

• Demo Account:

• Risk-free trading environment

• Practice with virtual funds

• Access to all trading instruments

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Highest minimum deposit

• May not be suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than Pro Accounts

• Demo Account:

• No real profits

• Limited duration (typically 30-90 days)

Part 3: cang Account Registration Requirements

cang Account Registration Requirements

To open a cang account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; however, specific countries may be restricted.
• Prohibited Countries: Countries under international sanctions or those with strict trading regulations.
• Identity Verification Documents Needed:
• Government-issued photo ID (passport, drivers license)
• Social Security number (for U.S. citizens)
• Proof of Residence Requirements:
• Utility bill or bank statement with your name and address
• Additional Documentation for Professional Accounts:
• Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

Cang follows strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations to verify the identity of its clients. This includes:

• Verification of identity through submitted documents
• Monitoring of transactions for suspicious activity
• Regular updates to client information

Verification Time Frames

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

Part 4: cang Account Opening Process

Step-by-Step cang Account Opening Guide

To open a cang account, follow these steps:

1. Visit Website and Click Registration: Go to the cang website and click on the "Open Account" button.
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 the required identity verification documents.
6. Account Verification: Wait for the cang team to verify your documents.
7. Fund Your Account: Once verified, fund your account using one of the available payment methods.
8. Start Trading: Access the trading platform and start trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, although the mobile interface may have a more streamlined design for ease of use.

Common Registration Issues and Solutions

• Document Rejection: Ensure that all documents are clear and legible.
• Email Verification Issues: Check your spam folder if you do not receive the verification email.
• Payment Issues: Ensure that your payment method is valid and has sufficient funds.

Average Account Approval Time

The average approval time for a cang account is between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

To change your account type, contact cang customer support through the platform or via email, and request the desired account type change. Ensure you meet the minimum deposit requirements for the new account type.

Part 5: cang Demo Account Guide

cang Demo Account Features and Benefits

The cang demo account allows traders to practice their strategies without financial risk. Key features include:

• Access to all trading instruments
• Virtual balance typically set at $10,000
• Same trading conditions as live accounts

How to Open a Demo Account

To open a demo account, visit the cang website and select the demo account option. Fill in the required information and start trading with virtual funds.

Demo Account Limitations

The demo account may have a time limit (usually 30-90 days) and does not allow for real profits.

Virtual Balance Amount

Typically, the demo account starts with a virtual balance of $10,000.

Demo vs Live Account Differences

The primary difference is that demo accounts use virtual funds, while live accounts involve real money and actual trading conditions.

Duration/Expiry of Demo Accounts

Demo accounts usually expire after 30-90 days of inactivity, after which users may need to reapply for a new demo account.

Part 6: cang Islamic Account Details

cang Islamic Account Details

Cang offers Islamic accounts that comply with Sharia law. Key details include:

• Swap-Free/Islamic Account Availability: Yes, available for all account types.
• Eligibility Requirements: Must be a Muslim trader.
• Differences from Standard Accounts: No swap fees and similar trading conditions.
• How to Apply for Islamic Account: Select the Islamic account option during registration or contact customer support.
• Restrictions or Special Conditions: Must adhere to Islamic finance principles.

FAQs – cang Account Types & Opening

1. What account types does cang offer？

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

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

• Standard: $100, ECN: $500, Pro: $1,000, Islamic: $100, Demo: Virtual funds.

1. How long does cang account verification take？

• Verification typically takes 1-3 business days.

1. Does cang offer demo accounts？

• Yes, cang offers demo accounts with virtual funds.

1. Can I have multiple account types with cang？

• Yes, you can have multiple account types, subject to minimum deposit requirements.

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

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

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

• A government-issued photo ID and proof of residence are required.

1. Can I change my account type after registration？

• Yes, you can request to change your account type through customer support.