| 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 0.0 pips | $3/lot | Up to 1:200 | Advanced Traders |
| Pro | $1,000 | From 1.0 pip | $2/lot | Up to 1:300 | Institutional Traders |
| Islamic | $100 | Same as Standard | N/A | Up to 1:500 | Muslim Traders |
| Demo | N/A | Same as Standard | N/A | Same as Standard | Beginners |
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 1:300
Islamic: Up to 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: Same as 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: 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: Instant
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 of $100,000
Access to all trading instruments
Duration: 30 days
Standard Account:
User-friendly interface
Low minimum deposit
Wide range of trading instruments
Ideal for beginners
ECN Account:
Direct market access
Lower spreads
Suitable for high-frequency trading
Advanced trading tools
Pro Account:
Enhanced trading conditions
Priority execution
Access to exclusive trading resources
Suitable for institutional traders
Islamic Account:
Compliant with Sharia law
Swap-free trading
Access to all trading instruments
Demo Account:
Risk-free trading environment
Practice strategies with virtual funds
Access to all trading instruments
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Higher minimum deposit requirement
Commission fees apply
Pro Account:
High minimum deposit requirement
Not suitable for beginners
Islamic Account:
Limited availability of certain features
May have higher spreads
Demo Account:
Limited duration
No real market experience
Eligibility Criteria:
Age Requirements: Minimum age of 18 years.
Geographic Restrictions: Available globally, but certain countries may be restricted.
Prohibited Countries: Countries under international sanctions may be restricted from opening accounts.
Identity Verification Documents Needed:
Government-issued ID (passport, national ID)
Proof of address (utility bill, bank statement)
Proof of Residence Requirements:
Recent utility bill or bank statement showing the applicant's name and address.
Additional Documentation for Professional Accounts:
Business registration documents (for corporate accounts)
Proof of income or financial statements.
KYC/AML Compliance Procedures:
All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
Verification Time Frames:
Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.
Issue: Document upload failure.
Solution: Ensure documents are clear and in the correct format (PDF, JPG).
Issue: Verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Practice trading without financial risk.
Access to all trading instruments.
Virtual balance of $100,000 for trading.
How to Open a Demo Account:
Follow the same registration process and select "Demo Account" as the account type.
Demo Account Limitations:
Limited duration of 30 days.
No real market experience.
Virtual Balance Amount:
$100,000 in virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money.
Duration/Expiry of Demo Accounts:
Demo accounts expire after 30 days unless extended.
Swap-Free/Islamic Account Availability:
Available for all account types (Standard, ECN, Pro).
Eligibility Requirements:
Must be a practicing Muslim.
Differences from Standard Accounts:
No swap fees applied on overnight positions.
How to Apply for Islamic Account:
Select Islamic Account during the registration process.
Restrictions or Special Conditions:
Must comply with Sharia law.
Explore broker markets account types: forex/trading accounts with demo access.