CMA broker Accounts

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

Part 1: cma 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 all trading instruments, educational resources, and customer support.
• Target User Profile: Beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.0 pips with a commission of $3 per lot.
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds, and no dealing desk intervention.
• Target User Profile: Advanced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and indices.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips with a lower commission.
• Leverage Options: Up to 1:300
• Key Features: Tailored services for professional traders, advanced trading tools, and personal account manager.
• Target User Profile: Professional and institutional traders.
• Trading Instruments Available: All instruments including exotic pairs.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account but without swap fees.
• Leverage Options: Up to 1:500
• Key Features: Complies with Sharia law, no interest charges.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex and commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000)
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Same as the Standard Account.
• Key Features: Risk-free trading environment to practice 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

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

Part 2: Detailed cma Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 1.5 pips

• Islamic: Similar to Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: Lower than ECN

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, 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: N/A

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: No

• Demo Account Features:

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

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, educational resources, suitable for beginners.

• Disadvantages: Higher spreads compared to ECN.

• ECN Account:

• Advantages: Low spreads, direct market access, suitable for scalping.

• Disadvantages: Higher minimum deposit, commission fees.

• Pro Account:

• Advantages: Tailored services, lower commission, advanced trading tools.

• Disadvantages: High minimum deposit.

• Islamic Account:

• Advantages: Complies with Sharia law, no swap fees.

• Disadvantages: Limited to specific trading conditions.

• Demo Account:

• Advantages: Risk-free environment, practice strategies.

• Disadvantages: Limited to virtual funds, no real profits.

Part 3: cma Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Availability may vary by country; check with the provider.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (exact countries not specified).
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license)
• Proof of address (utility bill or bank statement)
• Proof of Residence Requirements: Recent document showing name and address.
• Additional Documentation for Professional Accounts: May include financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and source of funds.

Verification Time Frames

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

Part 4: Step-by-Step cma Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Navigate to the official cma website and select the registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Specify your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the cma team.
7. Fund Your Account: Deposit the minimum required 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 platforms, but mobile registration may have additional verification steps such as SMS confirmation.

Common Registration Issues and Solutions

• Issue: Document not accepted.
• Solution: Ensure documents are clear and meet specified requirements.
• Issue: Verification delay.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Account type changes can usually be requested through customer support or account management settings.

Part 5: cma Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Allows users to familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the cma website and select the demo account option.
• Fill in the required personal information and create a virtual account.

Demo Account Limitations

• Limited to virtual funds; no real profits can be earned.
• May have a time limit for usage (typically 30 days).

Virtual Balance Amount

• Commonly set at $10,000 in virtual funds.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts require real money deposits and can yield actual profits.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days, but extensions may be available upon request.

Part 6: cma Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for all account types (Standard, ECN, Pro).

Eligibility Requirements

• Must comply with Islamic finance principles.

Differences from Standard Accounts

• No swap fees applied; otherwise, features are similar to standard accounts.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process or request it through customer support.

Restrictions or Special Conditions

• Must adhere to Sharia law; specific trading conditions may apply.

FAQs – cma Account Types & Opening

1. What account types does cma offer？

• cma 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 cma account verification take？

• Verification typically takes 1 to 3 business days.

1. Does cma offer demo accounts？

• Yes, cma offers demo accounts with virtual funds.

1. Can I have multiple account types with cma？

• Yes, you can hold multiple account types.

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

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

1. What documents do I need to open a cma 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.