Business
License
| Account Type | Minimum Deposit | Spread Type | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| Standard | $100 | Variable (1.5 pips) | None | 1:500 | Beginners |
| ECN | $500 | Raw (0.0 pips) | $3 per lot | 1:200 | Advanced traders |
| Pro | $1,000 | Variable (1.0 pips) | $2 per lot | 1:300 | Experienced traders |
| Islamic | $100 | Variable (similar to Standard) | None | 1:500 | Muslim traders |
| Demo | N/A | Variable (similar to Standard) | None | 1:500 | Beginners |
Minimum Deposit:
Standard: $100
ECN: $500
Pro: $1,000
Islamic: $100
Demo: N/A
Maximum Leverage:
Standard: 1:500
ECN: 1:200
Pro: 1:300
Islamic: 1:500
Demo: 1:500
Spreads (Typical/Minimum):
Standard: 1.5 pips
ECN: 0.0 pips
Pro: 1.0 pips
Islamic: Similar to Standard
Demo: Similar to Standard
Commission Fees:
Standard: None
ECN: $3 per lot
Pro: $2 per lot
Islamic: None
Demo: 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: Market
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: No
Demo Account Features:
Virtual balance: $100,000
Duration: 30 days (can be extended)
Differences: No real money involved, same trading conditions as live accounts
Standard Account:
Advantages: Low minimum deposit, no commission fees, suitable for beginners.
Disadvantages: Higher spreads compared to ECN, limited advanced features.
ECN Account:
Advantages: Tight spreads, direct market access, suitable for high-frequency trading.
Disadvantages: Higher minimum deposit, commission fees apply.
Pro Account:
Advantages: Lower commission fees, access to advanced trading tools, priority support.
Disadvantages: Higher minimum deposit required.
Islamic Account:
Advantages: Compliant with Sharia law, no swap fees, same features as Standard.
Disadvantages: Limited to Muslim traders.
Demo Account:
Advantages: Risk-free trading, practice environment, access to all features.
Disadvantages: Limited duration, no real profits.
Eligibility Criteria:
Age Requirements: Minimum age of 18 years.
Geographic Restrictions: Available to most countries, specific restrictions may apply.
Prohibited Countries: Countries under sanctions or restrictions (specific list not provided).
Identity Verification Documents Needed:
Valid government-issued ID (passport or national ID).
Proof of residence (utility bill, bank statement).
Additional Documentation for Professional Accounts:
Proof of trading experience or financial status may be required.
KYC/AML Compliance Procedures:
Completion of Know Your Customer (KYC) forms.
Anti-Money Laundering (AML) checks performed during registration.
Verification Time Frames:
Typically, account verification takes 1-3 business days, depending on the completeness of submitted documents.
Demo Account Features and Benefits:
Access to the same trading conditions as live accounts.
Opportunity to practice strategies without financial risk.
How to Open a Demo Account:
Follow the same registration steps as for a live account but select the Demo Account option.
Demo Account Limitations:
Limited duration of 30 days (can be extended).
No real money involved.
Virtual Balance Amount: Typically set at $100,000 for practice.
Demo vs Live Account Differences:
Demo accounts use virtual funds; live accounts involve real money trading.
Duration/Expiry of Demo Accounts: Usually valid for 30 days but can be extended upon request.
Explore broker markets account types: forex/trading accounts with demo access.