CARTERS broker Accounts

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

Part 1: carters Account Types Overview

carters Account Types Explained

Carter offers a variety of account types tailored to different trading needs and profiles. Below is a comprehensive overview of each account type available.

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: Ideal for beginners; access to a wide range of trading instruments.
• 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: Tight spreads starting from 0.1 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access; suitable for high-frequency trading.
• Target User Profile: Advanced and professional traders.
• Trading Instruments Available: Forex and commodities.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; lower commission rates.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions; priority support.
• Target User Profile: Experienced traders and institutions.
• Trading Instruments Available: Forex, commodities, and indices.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law; no interest charges.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices.

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 those testing new strategies.
• Trading Instruments Available: Same as Standard Account.

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account.
• Intermediate: Pro Account, ECN Account.
• Advanced: ECN Account, Pro Account.

Part 2: carters Account Features Comparison

Detailed carters Account Features

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners.

• No commission fees.

• Wide range of trading instruments.

• ECN Account:

• Tight spreads for cost-effective trading.

• Direct market access for better execution.

• Suitable for scalpers and high-frequency traders.

• Pro Account:

• Enhanced trading conditions and lower costs.

• Priority customer support.

• Access to advanced trading tools.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Flexible trading options.

• Demo Account:

• Risk-free trading environment.

• Ideal for practice and strategy testing.

• Access to all trading features.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• High minimum deposit may not be accessible for all traders.

• Complex for beginners.

• Islamic Account:

• Limited availability of certain trading instruments.

• May have restrictions on trading strategies.

• Demo Account:

• No real profit or loss experience.

• Limited duration for practice.

Part 3: carters Account Opening Requirements

carters Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply based on local regulations.
• Prohibited Countries: Countries under international sanctions may be restricted.

Identity Verification Documents Needed

• Valid government-issued photo ID (e.g., passport, drivers license).
• Social Security Number (SSN) or Tax Identification Number (TIN).
• Proof of residence (utility bill, bank statement).

Additional Documentation for Professional Accounts

• Business registration documents (if opening a business account).
• Financial statements may be required for high-net-worth accounts.

KYC/AML Compliance Procedures

• Completion of Know Your Customer (KYC) forms.
• Anti-Money Laundering (AML) checks are performed during verification.

Verification Time Frames

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

Part 4: carters Account Opening Process

Step-by-Step carters Account Opening Guide

1. Visit Website and Click Registration: Navigate to the official carters website and select the account type you wish to open.
2. Personal Information Entry: Fill in your personal details, including name, address, and contact information.
3. Choose Account Type: Select from the available account types based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences, including leverage and trading platform.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the account to be verified by carters compliance team.
7. Fund Your Account: Once verified, deposit the required minimum amount to activate your account.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, although the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.

• Solution: Ensure documents are in the correct format (PDF, JPEG) and within size limits.

• Issue: Verification delays.

• Solution: Contact customer support for assistance and ensure all documents are complete.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings section to request an upgrade or downgrade. Approval may be subject to additional verification.

Part 5: carters Demo Account Information

carters Demo Account Guide

Demo Account Features and Benefits

• Access to all trading instruments available in live accounts.
• Practice trading strategies without financial risk.
• Ability to test the trading platforms features.

How to Open a Demo Account

• Visit the carters website and select the demo account option. Fill in the required information to create an account.

Demo Account Limitations

• Limited duration (typically 30-90 days).
• Virtual funds only; no real trading profits.

Virtual Balance Amount

• Usually set at $10,000 in virtual funds for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.
• Live accounts incur real trading risks and commissions.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30-90 days of inactivity.

Part 6: carters Islamic Account Details

carters Islamic Account Details

Swap-Free/Islamic Account Availability

• Yes, carters offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim.
• Provide documentation to verify eligibility if required.

Differences from Standard Accounts

• No swap fees are charged on overnight positions.
• Other trading conditions are generally similar to the Standard Account.

How to Apply for Islamic Account

• During the account registration process, select the Islamic account option.

Restrictions or Special Conditions

• May have limitations on certain trading strategies (e.g., hedging).

FAQs – carters Account Types & Opening

1. What account types does carters offer？

• Carter 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 carters account verification take？

• Verification typically takes 1-3 business days.

1. Does carters offer demo accounts？

• Yes, carters provides demo accounts for practice trading.

1. Can I have multiple account types with carters？

• Yes, you can open multiple account types as per your trading needs.

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

• Yes, carters offers Islamic accounts that comply with Sharia law.

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

• A valid photo ID, SSN or TIN, and proof of residence.

1. Can I change my account type after registration？

• Yes, you can request to upgrade or downgrade your account type through your account settings.