CNI offers several account types tailored to meet the diverse needs of traders. Below is a comprehensive overview of each account type, including their features and target user profiles.
| Account Type | Minimum Deposit | Spread (Min) | Commission | Leverage | Target User |
|---|---|---|---|---|---|
| Standard | $100 | 1.5 pips | None | 1:500 | Beginners |
| ECN | $500 | 0.1 pips | $5/lot | 1:200 | Experienced |
| Pro | $1,000 | 0.5 pips | $3/lot | 1:300 | Professionals |
| Islamic | $100 | 1.5 pips | None | 1:500 | Muslim Traders |
| Demo | Virtual Funds | 1.5 pips | None | 1:500 | Beginners |
| Feature | Standard Account | ECN Account | Pro Account | Islamic Account | Demo Account |
|---|---|---|---|---|---|
| Minimum Deposit | $100 | $500 | $1,000 | $100 | Virtual Funds |
| Maximum Leverage | 1:500 | 1:200 | 1:300 | 1:500 | 1:500 |
| Spreads | 1.5 pips | 0.1 pips | 0.5 pips | 1.5 pips | 1.5 pips |
| Commission Fees | None | $5/lot | $3/lot | None | None |
| Lot Size | Standard | Micro, Mini, Standard | Micro, Mini, Standard | Standard | Standard |
| Available Trading Platforms | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 | MT4, MT5 |
| Execution Type | Market | ECN | Market | Market | Market |
| Islamic Account Availability | No | No | No | Yes | No |
| Swap-Free Options | No | No | No | Yes | No |
| Demo Account Features | No | No | No | No | Yes |
Standard Account:
Low minimum deposit.
User-friendly for beginners.
Access to educational resources.
ECN Account:
Tight spreads for cost-effective trading.
Faster execution speeds.
Direct market access.
Pro Account:
Advanced trading tools and features.
Dedicated support for professional traders.
Competitive spreads and commissions.
Islamic Account:
Complies with Islamic finance principles.
No interest charges.
Demo Account:
Risk-free environment to practice trading.
Access to all trading instruments.
Standard Account:
Higher spreads compared to ECN accounts.
ECN Account:
Higher minimum deposit requirement.
Commission fees can add up for frequent traders.
Pro Account:
Significant minimum deposit requirement.
More complex trading features may overwhelm beginners.
Islamic Account:
Limited to specific trading instruments.
Not available for all account types.
Demo Account:
Virtual funds may not reflect real market conditions.
Limited duration for practice.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
Prohibited Countries: Residents from certain jurisdictions may be restricted from opening accounts.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license).
Proof of residence (utility bill or bank statement).
Additional Documentation for Professional Accounts:
Proof of income or financial statements may be required.
KYC/AML Compliance Procedures:
All users must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during the registration process.
Verification Time Frames:
Account verification typically takes 1-3 business days, depending on the completeness of the submitted documents.
Demo Account Features and Benefits:
Access to a risk-free trading environment.
Ability to practice trading strategies without financial risk.
How to Open a Demo Account:
Select the demo account option during the registration process and follow the prompts.
Demo Account Limitations:
Limited duration, typically 30 days.
Virtual funds may not reflect real market conditions.
Virtual Balance Amount:
Usually set at $10,000 in virtual funds.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts involve real money trading.
Duration/Expiry of Demo Accounts:
Demo accounts typically expire after 30 days of inactivity.
Swap-Free/Islamic Account Availability:
CNI offers Islamic accounts that comply with Sharia law.
Eligibility Requirements:
Must be a practicing Muslim.
Differences from Standard Accounts:
No swap fees charged on overnight positions.
How to Apply for Islamic Account:
Select the Islamic account option during registration and provide necessary documentation.
Restrictions or Special Conditions:
Limited to specific trading instruments; must adhere to Islamic finance principles.
Explore broker markets account types: forex/trading accounts with demo access.