| Account Type | Minimum Deposit | Spread Type | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | Fixed | None | 1:30 | Beginners |
| ECN | $500 | Variable | $7/lot | 1:100 | Advanced Traders |
| Pro | $1,000 | Variable | $5/lot | 1:200 | Institutional Traders |
| Islamic | $500 | Variable | None | 1:100 | Muslim Traders |
| Demo | Virtual Funds | Similar | None | 1:100 | All Traders |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $500
Demo: Virtual funds
Maximum Leverage:
Standard: 1:30
ECN: 1:100
Pro: 1:200
Islamic: 1:100
Demo: 1:100
Spreads (Typical/Minimum):
Standard: 1.5 pips
ECN: 0.1 pips
Pro: 0.0 pips
Islamic: Similar to Standard or ECN
Commission Fees:
Standard: None
ECN: $7 per lot
Pro: $5 per lot
Islamic: None
Lot Size:
Standard: Micro (0.01)
ECN: Mini (0.1) and Standard (1.0)
Pro: Mini (0.1) and Standard (1.0)
Islamic: Micro (0.01) and Standard (1.0)
Demo: Micro (0.01)
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: ECN
Islamic: Market
Demo: Market
Islamic Account Availability:
Available for Islamic Account
Swap-Free Options:
Available for Islamic Account
Demo Account Features:
Virtual balance, access to all trading instruments, risk-free environment
Standard Account:
Low minimum deposit
Fixed spreads
Suitable for beginners
ECN Account:
Lower spreads
Direct market access
Ideal for scalping
Pro Account:
Best trading conditions
Advanced analytics
Suitable for institutional traders
Islamic Account:
Complies with Sharia law
No overnight fees
Suitable for Muslim traders
Demo Account:
Risk-free trading
Practice strategies
Access to all instruments
Standard Account:
Higher spreads compared to ECN
Limited advanced features
ECN Account:
Higher minimum deposit
Commission fees apply
Pro Account:
Very high minimum deposit
Complex for beginners
Islamic Account:
Limited to specific trading conditions
May have fewer features than Pro accounts
Demo Account:
No real profit
Limited duration
Eligibility Criteria:
Age Requirements: Must be at least 18 years old
Geographic Restrictions: Available in most countries, check specific restrictions
Prohibited Countries: Countries under international sanctions
Identity Verification Documents Needed:
Government-issued ID (passport, drivers license)
Proof of residence (utility bill, bank statement)
Additional Documentation for Professional Accounts:
Business registration documents (for corporate accounts)
Proof of income or financial statements
KYC/AML Compliance Procedures:
Complete identity verification
Submit required documents
Compliance checks for anti-money laundering
Verification Time Frames:
Typically 1-3 business days for standard accounts
May take longer for professional accounts depending on documentation
Issue: Document upload errors
Solution: Ensure documents are clear and meet size requirements.
Issue: Delayed verification
Solution: Contact customer support for status updates.
Demo Account Features and Benefits:
Access to all trading instruments
Virtual funds for risk-free trading
Ability to practice strategies
How to Open a Demo Account:
Select the demo account option during registration.
No minimum deposit required.
Demo Account Limitations:
Limited duration (typically 30 days)
No real profits can be made
Virtual Balance Amount:
Typically $100,000 in virtual funds
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts use real money.
Market conditions may differ slightly.
Duration/Expiry of Demo Accounts:
Usually expires after 30 days of inactivity.
Swap-Free/Islamic Account Availability:
Available for traders who require compliance with Sharia law.
Eligibility Requirements:
Must provide documentation proving Muslim faith if required.
Differences from Standard Accounts:
No overnight fees or swaps.
Similar trading conditions as Standard or ECN accounts.
How to Apply for Islamic Account:
Select Islamic Account option during registration.
Provide any necessary documentation.
Restrictions or Special Conditions:
Must adhere to Islamic trading principles.
Explore broker markets account types: forex/trading accounts with demo access.