Dealing broker Accounts

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

Part 1: dealing Account Types Overview

dealing Account Types Explained

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips, no commission.
• Leverage Options: Up to 1:500.
• Key Features: Basic trading features, suitable for beginners.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.1 pips, commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for scalping.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips, commission of $2 per lot.
• Leverage Options: Up to 1:400.
• Key Features: Enhanced trading conditions for professional traders.
• Target User Profile: Institutional and professional traders.
• Trading Instruments Available: Forex, commodities, indices, stocks.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to the Standard Account, but swap-free.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, no swap fees.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Similar to live accounts.
• Leverage Options: Up to 1:500.
• Key Features: Practice trading without financial risk.
• Target User Profile: All trader levels.
• Trading Instruments Available: Same as live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate: ECN Account
• Advanced: Pro Account
• Muslim Traders: Islamic Account
• Practice: Demo Account

Part 2: dealing Account Features Comparison

Detailed dealing Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:400

• Islamic: 1:500

• Demo: 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: 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: Yes for Islamic Account.

• Swap-Free Options: Yes for Islamic Account.

• Demo Account Features: Available for all account types.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• Suitable for beginners.

• Access to a wide range of instruments.

• ECN Account:

• Tight spreads.

• Direct market access.

• Suitable for scalping.

• Advanced trading features.

• Pro Account:

• Enhanced trading conditions.

• Lower commission fees.

• Suitable for institutional trading.

• Access to advanced tools.

• Islamic Account:

• Complies with Sharia law.

• No swap fees.

• Standard trading features.

• Available for all instruments.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• Access to all trading instruments.

• No time limit on practice.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit.

• Commission fees may apply.

• Pro Account:

• High minimum deposit.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to Muslim traders.

• May have fewer features than Pro accounts.

• Demo Account:

• No real financial gain.

• Limited to virtual funds.

Part 3: dealing Account Opening Requirements

dealing Account Registration Requirements

• Eligibility Criteria:

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

• Geographic Restrictions: Varies by broker, check specific terms.

• Prohibited Countries: Specific countries may be restricted; check with the broker.

• Identity Verification Documents Needed:

• Government-issued ID (passport or driver's license).

• Social Security Number or Tax Identification Number.

• Proof of Residence Requirements:

• Utility bill or bank statement showing your name and address.

• Additional Documentation for Professional Accounts:

• Proof of trading experience or financial statements.

• KYC/AML Compliance Procedures:

• Brokers must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.

• Verification Time Frames:

• Typically 1-3 business days, depending on the broker and documentation provided.

Part 4: dealing Account Opening Process

Step-by-Step dealing Account Opening Guide

1. Visit Website and Click Registration: Navigate to the broker's official website and find the registration button.
2. Personal Information Entry: Fill out personal details including name, address, and contact information.
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the broker to verify your documents.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Access the trading platform and begin trading.

• Desktop vs Mobile Registration Differences: Mobile registration may have simplified steps or app-specific features.
• Common Registration Issues and Solutions: Issues may include document rejection; ensure all documents are clear and meet requirements.
• Average Account Approval Time: Generally between 1-3 business days.
• How to Upgrade/Downgrade Account Types: Contact customer support for assistance with changing account types.

Part 5: dealing Demo Account Information

dealing Demo Account Guide

• Demo Account Features and Benefits:

• Risk-free trading with virtual funds.

• Access to all trading instruments.

• Practice trading strategies without financial risk.

• How to Open a Demo Account:

• Visit the broker's website and select the demo account option.

• Fill out the registration form and receive access to the demo platform.

• Demo Account Limitations:

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

• May have a time limit or expiry depending on the broker.

• Virtual Balance Amount: Typically $10,000 in virtual funds.

• Demo vs Live Account Differences:

• Demo accounts use virtual funds; live accounts use real money.

• Market conditions may differ slightly in demo accounts.

• Duration/Expiry of Demo Accounts: Varies by broker; some may offer unlimited access while others may expire after a set period.

Part 6: dealing Islamic Account (if available)

dealing Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, available for Muslim traders.
• Eligibility Requirements: Must be a practicing Muslim.
• Differences from Standard Accounts: No swap fees; otherwise similar trading conditions.
• How to Apply for Islamic Account: Select the Islamic account option during registration or contact customer support.
• Restrictions or Special Conditions: Must comply with Sharia law; check with the broker for specific terms.

FAQs – dealing Account Types & Opening

1. What account types does dealing 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: Virtual funds.

1. How long does dealing account verification take？

• Typically 1-3 business days.

1. Does dealing offer demo accounts？

• Yes, demo accounts are available for practice trading.

1. Can I have multiple account types with dealing？

• Yes, many brokers allow multiple account types.

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

• Yes, Islamic accounts are available for Muslim traders.

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

• Government-issued ID and proof of residence.

1. Can I change my account type after registration？

• Yes, contact customer support for assistance with changing account types.