City Global offers a variety of account types tailored to different trading needs and profiles. Below is a detailed overview of each account type available:
| Account Type | Minimum Deposit | Spread/Commission Structure | Leverage Options | Key Features | Target User Profile | Trading Instruments Available |
|---|---|---|---|---|---|---|
| Standard Account | $100 | Fixed spreads from 1.5 pips | Up to 1:500 | User-friendly interface, suitable for beginners | Beginner traders | Forex, commodities, indices |
| ECN Account | $500 | Variable spreads from 0.0 pips + commission | Up to 1:200 | Direct market access, lower spreads | Advanced traders | Forex, commodities, indices |
| Pro Account | $1,000 | Variable spreads from 0.1 pips + commission | Up to 1:100 | Advanced trading tools, higher leverage | Professional traders | Forex, commodities, indices, cryptocurrencies |
| Islamic Account | $500 | Fixed spreads from 1.5 pips | Up to 1:500 | Swap-free, compliant with Sharia law | Muslim traders | Forex, commodities, indices |
| Demo Account | N/A | N/A | N/A | Practice trading without risk | All levels | Forex, commodities, indices |
When comparing the features of the different city global account types, the following aspects are essential:
Minimum Deposit:
Standard Account: $100
ECN Account: $500
Pro Account: $1,000
Islamic Account: $500
Demo Account: N/A
Maximum Leverage:
Standard Account: Up to 1:500
ECN Account: Up to 1:200
Pro Account: Up to 1:100
Islamic Account: Up to 1:500
Spreads (Typical/Minimum):
Standard Account: Fixed from 1.5 pips
ECN Account: Variable from 0.0 pips
Pro Account: Variable from 0.1 pips
Islamic Account: Fixed from 1.5 pips
Commission Fees:
Standard Account: None
ECN Account: Yes, based on trading volume
Pro Account: Yes, based on trading volume
Islamic Account: None
Lot Size:
Standard Account: Micro, Mini, Standard
ECN Account: Standard
Pro Account: Standard
Islamic Account: Micro, Mini, Standard
Available Trading Platforms:
All accounts: MT4, MT5
Execution Type:
Standard Account: Market
ECN Account: ECN
Pro Account: ECN
Islamic Account: Market
Islamic Account Availability:
Yes, for Islamic Account type only.
Swap-free Options:
Available for Islamic Accounts.
Demo Account Features:
Virtual balance for practice trading, access to all trading instruments.
Standard Account:
Advantages: Easy to use, no commissions, suitable for beginners.
Disadvantages: Higher spreads compared to ECN accounts.
ECN Account:
Advantages: Lower spreads, direct market access.
Disadvantages: Requires higher minimum deposit, commissions apply.
Pro Account:
Advantages: Advanced tools, lower spreads.
Disadvantages: High minimum deposit, commissions apply.
Islamic Account:
Advantages: Complies with Sharia law, no swap fees.
Disadvantages: Limited to specific trading conditions.
Demo Account:
Advantages: Risk-free practice, full access to trading instruments.
Disadvantages: Limited duration, not suitable for real trading.
To open a city global account, the following eligibility criteria must be met:
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: Certain countries may be restricted due to regulatory compliance.
Identity Verification Documents Needed:
Valid government-issued photo ID (passport or national ID).
Proof of residence (utility bill, bank statement).
Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.
KYC/AML Compliance Procedures:
All clients 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 submitted documents.
Demo Account Features and Benefits:
Provides a risk-free environment to practice trading.
Access to all trading instruments available in live accounts.
How to Open a Demo Account:
Follow the same registration process and select the demo account option.
Demo Account Limitations:
Limited duration, typically 30 days, after which it may expire.
Virtual Balance Amount:
Usually offers a virtual balance of $100,000 for practice.
Demo vs Live Account Differences:
Demo accounts do not involve real money; live accounts require actual deposits and trading.
Duration/Expiry of Demo Accounts:
Generally valid for 30 days, but can be extended based on the broker's policies.
Swap-free/Islamic Account Availability:
Yes, city global offers an Islamic account that is compliant with Sharia law.
Eligibility Requirements:
Must be a Muslim trader or individual seeking a swap-free trading environment.
Differences from Standard Accounts:
Islamic accounts do not incur swap fees, making them suitable for long-term positions.
How to Apply for Islamic Account:
Select the Islamic account option during the registration process and provide necessary documentation.
Restrictions or Special Conditions:
Must adhere to Islamic trading principles, including no interest-based transactions.
Explore broker markets account types: forex/trading accounts with demo access.