Concept Market broker Accounts

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

Part 1: concept market Account Types Overview

concept market Account Types Explained

When considering trading with concept market, understanding the various account types available is crucial. Each account type is tailored to meet different trading needs, risk tolerances, and experience levels. Below are the primary account types offered by concept market:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.2 pips
• Leverage Options: Up to 1:500
• Key Features: Access to all trading instruments, advanced trading tools, and educational resources.
• Target User Profile: Suitable for both beginners and experienced traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads from 0.0 pips + $3 commission 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, commodities, indices, and cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.0 pip
• Leverage Options: Up to 1:300
• Key Features: Professional trading conditions, dedicated account manager, and priority support.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading in compliance with Sharia law.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free trading environment with virtual funds to practice strategies.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account or Demo Account
• Intermediate Traders: Standard Account or Islamic Account
• Advanced Traders: ECN Account or Pro Account
• Professional Traders: Pro Account

Part 2: concept market Account Features Comparison

Detailed concept market Account Features

When comparing the features of different account types at concept market, several key aspects stand out:

• 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: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.2 pips

• ECN: From 0.0 pips

• Pro: From 1.0 pip

• Islamic: From 1.2 pips

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: None

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Standard lots (100,000 units)

• ECN: Micro and standard lots available

• Pro: Standard lots

• Islamic: Standard lots

• Demo: Standard lots

• 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: N/A

• Demo Account Features:

• Virtual balance typically around $10,000

• Duration: Unlimited until the user decides to close it

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Suitable for all trading styles

• Access to educational resources

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalping and high-frequency trading

• Pro Account:

• Professional trading conditions

• Dedicated support

• No commission fees

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Suitable for Muslim traders

• Demo Account:

• Risk-free environment

• Practice trading strategies

• No financial commitment

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• Limited to professional traders

• Islamic Account:

• Limited availability of advanced features

• May have restrictions on trading styles

• Demo Account:

• No real financial gains

• Limited to virtual trading experience

Part 3: concept market Account Opening Requirements

concept market Account Registration Requirements

To open an account with concept market, certain eligibility criteria and documentation are required:

• Eligibility Criteria:

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

• Geographic Restrictions: Available in most countries, but may be restricted in certain jurisdictions.

• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (exact countries not specified).

• Identity Verification Documents Needed:

• Government-issued ID (passport or drivers license)

• Proof of address (utility bill or bank statement)

• Proof of Residence Requirements:

• Recent document showing your name and address, dated within the last three months.

• Additional Documentation for Professional Accounts:

• Proof of trading experience or financial background may be required.

• KYC/AML Compliance Procedures:

• Completion of Know Your Customer (KYC) and Anti-Money Laundering (AML) checks is mandatory.

• Verification Time Frames:

• Typically, account verification can take anywhere from a few hours to 3 business days, depending on the completeness of submitted documents.

Part 4: concept market Account Opening Process

Step-by-Step concept market Account Opening Guide

Opening an account with concept market involves several straightforward steps:

1. Visit Website and Click Registration:

• Navigate to the concept market website and click on the "Open Account" button.

1. Personal Information Entry:

• Fill out the required personal information, including name, email, and phone number.

1. Choose Account Type:

• Select the desired account type (Standard, ECN, Pro, Islamic, or Demo).

1. Set Trading Preferences:

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

1. Document Upload:

• Upload the necessary identification and proof of residence documents.

1. Account Verification:

• Wait for the account to be verified by the concept market team.

1. Fund Your Account:

• Deposit the minimum required amount to activate your trading account.

1. Start Trading:

• Once funded, you can begin trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, but the mobile interface may have simplified steps for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload failures.

• Solution: Ensure documents are clear and in the correct format (JPEG, PNG, PDF).

• Issue: Delays in verification.

• Solution: Contact customer support for assistance.

Average Account Approval Time

• Most accounts are approved within 1-3 business days, depending on the completeness of the submitted documentation.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the customer support portal or account management section on the website.

Part 5: concept market Demo Account Information

concept market Demo Account Guide

The demo account offered by concept market is an excellent tool for traders looking to practice without financial risk.

• Demo Account Features and Benefits:

• Access to real market conditions with virtual funds.

• Ability to test strategies and familiarize with the trading platform.

• How to Open a Demo Account:

• Follow the same registration process as for live accounts, selecting the demo option.

• Demo Account Limitations:

• Limited to virtual trading; no real profits can be made.

• Virtual Balance Amount:

• Typically starts with a virtual balance of $10,000.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds, while live accounts involve real money and financial risk.

• Duration/Expiry of Demo Accounts:

• Demo accounts do not have a set expiry but can be closed by the user at any time.

Part 6: concept market Islamic Account Details

concept market Islamic Account Details

concept market offers Islamic accounts to cater to traders who require swap-free trading conditions.

• Swap-Free/Islamic Account Availability:

• Available for Standard, ECN, and Pro accounts.

• Eligibility Requirements:

• Must be a practicing Muslim and provide a declaration if required.

• Differences from Standard Accounts:

• Islamic accounts do not incur swap fees for holding positions overnight.

• How to Apply for Islamic Account:

• Select the Islamic account option during the registration process or contact customer support.

• Restrictions or Special Conditions:

• Must adhere to Islamic trading principles; no interest-bearing transactions.

FAQs – concept market Account Types & Opening

1. What account types does concept market offer？

• 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 concept market account verification take？

• Typically 1-3 business days.

1. Does concept market offer demo accounts？

• Yes, a demo account is available for practice trading.

1. Can I have multiple account types with concept market？

• Yes, traders can open multiple accounts.

1. Does concept market offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for Standard, ECN, and Pro accounts.

1. What documents do I need to open a concept market account？

• A government-issued ID and proof of residence.

1. Can I change my account type after registration？

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