Capital fx offers a variety of account types tailored to meet the needs of different traders. Below is a breakdown of the available account types:
| Account Type | Min Deposit | Max Leverage | Spreads | Commission | Target User |
|---|---|---|---|---|---|
| Standard | $100 | 1:500 | From 1.0 pips | N/A | Beginners |
| ECN | $500 | 1:200 | From 0.0 pips | $3/lot | Advanced |
| VIP | $10,000 | 1:100 | Tight | Lower | Professionals |
| Islamic | $500 | 1:200 | Similar to Standard | N/A | Muslim Traders |
| Demo | N/A | 1:500 | Simulated | N/A | Beginners |
When comparing the features of the various capital fx account types, traders can consider the following aspects:
Minimum Deposit:
Standard: $100
ECN: $500
VIP: $10,000
Islamic: $500
Demo: N/A
Maximum Leverage:
Standard: 1:500
ECN: 1:200
VIP: 1:100
Islamic: 1:200
Demo: 1:500
Spreads (Typical/Minimum):
Standard: From 1.0 pips
ECN: From 0.0 pips
VIP: Very tight spreads
Islamic: Similar to Standard
Demo: Simulated
Commission Fees:
Standard: N/A
ECN: $3 per lot
VIP: Lower than ECN
Islamic: N/A
Demo: N/A
Lot Size:
Standard: Micro and standard lots
ECN: Micro and standard lots
VIP: Standard lots
Islamic: Micro and standard lots
Demo: Micro and standard lots
Available Trading Platforms:
Standard: MT4, MT5
ECN: MT4, MT5
VIP: MT4, MT5
Islamic: MT4, MT5
Demo: MT4, MT5
Execution Type:
Standard: Market execution
ECN: ECN execution
VIP: Market execution
Islamic: Market execution
Demo: Market execution
Islamic Account Availability: Yes for Islamic accounts
Swap-Free Options: Available for Islamic accounts
Demo Account Features: Virtual trading with no risk, access to all trading tools
Advantages of Each Account Type:
Standard: Low entry barrier, educational resources
ECN: Direct market access, tight spreads
VIP: Premium support, exclusive tools
Islamic: Compliance with Islamic finance
Demo: Risk-free practice environment
Disadvantages of Each Account Type:
Standard: Limited advanced features
ECN: Higher minimum deposit
VIP: High minimum deposit
Islamic: Limited to swap-free trading
Demo: No real profits, limited duration
To open a capital fx account, traders must meet the following eligibility criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Availability may vary by country; check local regulations.
Prohibited Countries: Specific countries may be restricted; verify on the capital fx website.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license)
Proof of residence (utility bill or bank statement)
Proof of Residence Requirements: Recent documents showing the trader's address.
Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.
KYC/AML Compliance Procedures: Traders must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames: Typically takes 24-48 hours for account verification.
Demo Account Features and Benefits:
Access to all trading instruments
No risk of losing real money
Educational resources available
How to Open a Demo Account: Register on the capital fx website and select the demo account option.
Demo Account Limitations: Limited duration and 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 simulate trading conditions without real financial risk.
Duration/Expiry of Demo Accounts: Usually valid for 30 days, but can vary.
Explore broker markets account types: forex/trading accounts with demo access.