DMCC broker Accounts

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

Part 1: dmcc Account Types Overview

dmcc Account Types Explained

The Dubai Multi Commodities Centre (DMCC) offers various account types tailored to different trading needs. Below are the primary account types available:

1. Trading Account

• Minimum Deposit Requirement: AED 50,000
• Spread/Commission Structure: Variable spreads starting from 1.5 pips; commission fees apply based on trading volume.
• Leverage Options: Up to 1:500.
• Key Features: Access to a wide range of trading instruments, including commodities, forex, and cryptocurrencies.
• Target User Profile: Suitable for both beginner and advanced traders.
• Trading Instruments Available: Forex pairs, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: AED 100,000
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of AED 50 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access with no dealing desk intervention.
• Target User Profile: Advanced traders and institutions.
• Trading Instruments Available: Forex, commodities, and indices.

1. Pro Account

• Minimum Deposit Requirement: AED 250,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; lower commission rates.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading conditions and priority customer support.
• Target User Profile: Professional traders and high-volume traders.
• Trading Instruments Available: Comprehensive range including forex, commodities, and indices.

1. Islamic Account

• Minimum Deposit Requirement: AED 50,000
• Spread/Commission Structure: Similar to standard accounts but without swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law, offering swap-free trading.
• Target User Profile: Muslim traders seeking compliant trading options.
• Trading Instruments Available: Forex, commodities, and indices.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Same as live accounts.
• Leverage Options: Same as live accounts.
• Key Features: Allows traders to practice trading strategies without financial risk.
• Target User Profile: Beginners and those testing new strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginner: Trading Account, Demo Account
• Intermediate: ECN Account
• Advanced: Pro Account, Islamic Account

Part 2: dmcc Account Features Comparison

Detailed dmcc Account Features

When comparing the features of different dmcc account types, consider the following aspects:

• Minimum Deposit:

• Trading: AED 50,000

• ECN: AED 100,000

• Pro: AED 250,000

• Islamic: AED 50,000

• Demo: N/A

• Maximum Leverage:

• Trading: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Same as live accounts

• Spreads (Typical/Minimum):

• Trading: From 1.5 pips

• ECN: From 0.1 pips

• Pro: From 0.5 pips

• Islamic: Similar to standard accounts

• Demo: Same as live accounts

• Commission Fees:

• Trading: Based on volume

• ECN: AED 50 per lot

• Pro: Lower rates

• Islamic: N/A

• Demo: N/A

• Lot Size:

• Trading: Standard

• ECN: Standard

• Pro: Standard

• Islamic: Standard

• Demo: Standard

• Available Trading Platforms:

• Trading: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5

• Islamic: MT4, MT5

• Demo: MT4, MT5

• Execution Type:

• Trading: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Trading: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Swap-Free Options:

• Trading: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Demo: No

• Demo Account Features:

• Virtual trading environment, same conditions as live accounts, no financial risk.

Advantages of Each Account Type

• Trading Account:

• Accessible for beginners.

• Wide range of instruments.

• High leverage options.

• ECN Account:

• Tight spreads for cost-effective trading.

• Direct market access enhances execution speed.

• Ideal for high-frequency trading.

• Pro Account:

• Tailored for professional traders.

• Lower commission rates for high-volume trading.

• Priority support enhances trading experience.

• Islamic Account:

• Complies with Sharia law.

• No swap fees, making it suitable for long-term holding.

• Demo Account:

• Risk-free environment for practice.

• Helps in developing trading strategies.

Disadvantages of Each Account Type

• Trading Account:

• Higher spreads compared to ECN accounts.

• May not suit high-frequency traders.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may add to trading costs.

• Pro Account:

• High minimum deposit may not be accessible for all traders.

• Complexity may overwhelm beginners.

• Islamic Account:

• Limited to specific trading instruments.

• May have additional requirements for eligibility.

• Demo Account:

• No real financial gain from trading.

• Limited duration may hinder long-term practice.

Part 3: dmcc Account Opening Requirements

dmcc Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 21 years old.
• Geographic Restrictions: Open to international clients; however, certain countries may be restricted.
• Prohibited Countries: Countries under international sanctions may be restricted from opening accounts.

Identity Verification Documents Needed:

• Valid passport copy.
• Proof of residential address (utility bill or bank statement).
• Curriculum Vitae (for professional accounts).

Proof of Residence Requirements:

• Recent utility bill or bank statement showing the applicant's name and address.

Additional Documentation for Professional Accounts:

• Business plan summarizing intended trading activities.
• Notarized documents for corporate shareholders.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) checks, including identity verification and proof of residence.
• Anti-Money Laundering (AML) compliance is strictly enforced, requiring appropriate documentation.

Verification Time Frames

• Account verification typically takes 3 to 5 working days, depending on the completeness of submitted documents.

Part 4: dmcc Account Opening Process

Step-by-Step dmcc Account Opening Guide

1. Visit Website and Click Registration: Go to the DMCC website and select the account type you wish to open.
2. Personal Information Entry: Fill in your 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, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the DMCC team.
7. Fund Your Account: Once approved, deposit the minimum required funds to activate your account.
8. Start Trading: Begin trading with your new account.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with the mobile version offering a streamlined interface for ease of use.

Common Registration Issues and Solutions

• Issue: Document rejection due to poor quality.

• Solution: Ensure all documents are clear and legible before submission.

• Issue: Delays in verification.

• Solution: Contact customer support for updates on your application status.

Average Account Approval Time

• The average time for account approval is 3 to 5 working days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Account holders can request an upgrade or downgrade by contacting customer support and providing the necessary documentation.

Part 5: dmcc Demo Account Information

dmcc Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to the same trading platforms and instruments as live accounts.
• Ideal for beginners to familiarize themselves with the trading environment.

How to Open a Demo Account

• Visit the DMCC website and select the demo account option.
• Fill out the registration form and submit it.
• Access your demo account with virtual funds.

Demo Account Limitations

• Limited duration for use, typically 30 to 90 days.
• No real financial gain from trading activities.

Virtual Balance Amount

• Demo accounts typically come with a virtual balance of AED 100,000 or equivalent.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not involve real trading risks.
• Live accounts require a minimum deposit and involve real financial transactions.

Duration/Expiry of Demo Accounts

• Demo accounts may expire after a set period, usually between 30 to 90 days, depending on the broker's policies.

Part 6: dmcc Islamic Account Details

dmcc Islamic Account Details

Swap-Free/Islamic Account Availability

• DMCC offers Islamic accounts that comply with Sharia law, allowing for trading without incurring swap fees.

Eligibility Requirements

• Applicants must provide proof of their Muslim faith to qualify for an Islamic account.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them suitable for long-term trading strategies.

How to Apply for Islamic Account

• Select the Islamic account option during the account registration process and provide the necessary documentation.

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions and restrictions on certain instruments.

FAQs – dmcc Account Types & Opening

1. What account types does dmcc offer？

• DMCC offers Trading, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Trading: AED 50,000; ECN: AED 100,000; Pro: AED 250,000; Islamic: AED 50,000; Demo: N/A.

1. How long does dmcc account verification take？

• Account verification typically takes 3 to 5 working days.

1. Does dmcc offer demo accounts？

• Yes, DMCC offers demo accounts for practice trading.

1. Can I have multiple account types with dmcc？

• Yes, clients can open multiple account types as per their trading needs.

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

• Yes, DMCC offers Islamic accounts that comply with Sharia law.

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

• Valid passport, proof of residence, and additional documents for professional accounts.

1. Can I change my account type after registration？

• Yes, account holders can request to upgrade or downgrade their account type through customer support.