CITY FOREX broker Accounts

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

Part 1: city forex Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: Access to a wide range of trading instruments, including forex, commodities, and indices.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Major and minor currency pairs, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips plus 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: Advanced traders and scalpers.
• Trading Instruments Available: Forex pairs, commodities, and cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips with no commission.
• Leverage Options: Up to 1:400
• Key Features: Designed for professional traders with high trading volumes.
• Target User Profile: Experienced traders and institutional clients.
• Trading Instruments Available: All available trading instruments.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account.
• Leverage Options: Up to 1:500
• Key Features: Swap-free account compliant with Islamic law.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Major and minor currency pairs, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Up to 1:500
• Key Features: Risk-free environment to practice trading strategies.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Standard Account, Demo Account
• Intermediate: Standard Account, Islamic Account
• Advanced: ECN Account, Pro Account

Part 2: city forex Account Features Comparison

Detailed city forex Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 1.5 pips

• Islamic: From 1.0 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: None

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, 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: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Available for all account types except Demo.

• Demo Account Features:

• Virtual balance, access to all trading instruments, same trading conditions as live accounts.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly for beginners

• Access to a wide range of instruments

• ECN Account:

• Tight spreads

• Fast execution speeds

• Direct market access

• Pro Account:

• No commission fees

• Suitable for high-volume trading

• Fixed spreads

• Islamic Account:

• Compliant with Islamic law

• No swap fees

• Flexible trading options

• 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 to beginner features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Not suitable for beginners

• Islamic Account:

• Limited features compared to Pro

• May have restrictions on certain instruments

• Demo Account:

• No real money involved

• Limited emotional engagement

Part 3: city forex Account Registration Requirements

city forex Account Registration Requirements

• Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.

• Geographic Restrictions: Available in most countries, but specific restrictions may apply based on local regulations.

• Prohibited Countries: Countries under sanctions or with specific trading restrictions.

• Identity Verification Documents Needed:

• Government-issued ID (passport or drivers license).

• Proof of address (utility bill or bank statement).

• Proof of Residence Requirements:

• Recent utility bill or bank statement showing your name and address.

• Additional Documentation for Professional Accounts:

• Proof of income or financial statements may be required.

• KYC/AML Compliance Procedures:

• All clients must complete Know Your Customer (KYC) procedures to verify identity and comply with Anti-Money Laundering (AML) regulations.

• Verification Time Frames:

• Account verification typically takes 1-3 business days.

Part 4: city forex Account Opening Process

Step-by-Step city forex Account Opening Guide

1. Visit Website and Click Registration:

• Navigate to the official city forex website and click on the "Open Account" button.

1. Personal Information Entry:

• Fill in your personal details, including name, email, and phone number.

1. Choose Account Type:

• Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

• Indicate your trading preferences, including leverage and trading style.

1. Document Upload:

• Upload the required identity verification documents.

1. Account Verification:

• Wait for the verification process to be completed.

1. Fund Your Account:

• Deposit funds into your trading account using available payment methods.

1. Start Trading:

• Once your account is funded, you can start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are clear and meet the required format.

• Issue: Verification delays.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Contact customer support to request an upgrade or downgrade of your account type.

Part 5: city forex Demo Account Guide

city forex Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Same trading conditions as live accounts.

How to Open a Demo Account

• Follow the same registration process as for a live account but select the Demo Account option.

Demo Account Limitations

• No real money involved, which may limit emotional engagement.
• Limited duration; typically expires after a set period.

Virtual Balance Amount

• Demo accounts usually come with a virtual balance of $100,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits.

Duration/Expiry of Demo Accounts

• Demo accounts typically remain active for 30 days but can be extended based on broker policies.

Part 6: city forex Islamic Account Details

city forex Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for all account types.
• Eligibility Requirements: Must declare the need for an Islamic account during registration.
• Differences from Standard Accounts: No swap fees applied.
• How to Apply for Islamic Account: Select the Islamic account option during registration.
• Restrictions or Special Conditions: Must comply with Islamic trading principles.

FAQs – city forex Account Types & Opening

1. What account types does city forex offer？

• City forex 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: N/A.

1. How long does city forex account verification take？

• Verification typically takes 1-3 business days.

1. Does city forex offer demo accounts？

• Yes, city forex offers demo accounts for practice trading.

1. Can I have multiple account types with city forex？

• Yes, clients can open multiple account types.

1. Does city forex offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for all account types.

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

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

1. Can I change my account type after registration？

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