East Atlantic broker Accounts

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

east atlantic Account Types Explained

The east atlantic offers several account types tailored to different trading needs and experience levels. Below is a comprehensive overview of each account type available.

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: User-friendly interface, access to a wide range of trading instruments, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution speeds.
• Target User Profile: Intermediate to advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; commission of $2 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading conditions, priority customer support, and advanced trading tools.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and CFDs.

4. Islamic Account

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

5. Demo Account

• Minimum Deposit Requirement: Virtual balance of $10,000.
• Spread/Commission Structure: Same as the Standard Account.
• Leverage Options: Up to 1:500.
• Key Features: Risk-free trading environment, practice strategies, and familiarize with the trading platform.
• Target User Profile: Beginners and those testing strategies.
• Trading Instruments Available: All instruments available in live accounts.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed east atlantic Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• No commission fees.

• User-friendly interface.

• Access to educational resources.

• ECN Account:

• Raw spreads and low commission.

• Faster execution speeds.

• Direct market access.

• Ideal for scalping strategies.

• Pro Account:

• Enhanced trading conditions.

• Priority customer support.

• Advanced trading tools.

• Suitable for high-volume traders.

• Islamic Account:

• Complies with Sharia law.

• No overnight swap fees.

• Same features as Standard Account.

• Demo Account:

• Risk-free environment.

• Practice trading strategies.

• Familiarize with trading platforms.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN.

• Limited advanced trading features.

• ECN Account:

• Requires higher minimum deposit.

• Commission fees may add up for frequent traders.

• Pro Account:

• High minimum deposit.

• Commission fees may deter small traders.

• Islamic Account:

• Limited to Muslim traders.

• Not available for all trading instruments.

• Demo Account:

• Virtual funds do not reflect real market conditions.

• Limited duration for practice.

east atlantic Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries; specific restrictions may apply.
• Prohibited Countries: Certain jurisdictions may be restricted due to regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or national ID).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Recent documents showing your name and address.
• Additional Documentation for Professional Accounts: May require financial statements or proof of trading experience.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks to verify identity and prevent fraud.

Verification Time Frames

• Account verification typically takes between 1 to 3 business days, depending on the completeness of the submitted documents.

Step-by-Step east atlantic Account Opening Guide

Registration Process

1. Visit Website: Go to the east atlantic official website.
2. Click Registration: Locate and click on the "Open Account" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the type of account you wish to open.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds into your account to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

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

Common Registration Issues and Solutions

• Issue: Document upload errors.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Delays in verification.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• The average time for account approval is 1 to 3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• To change your account type, contact customer support or use the account management section on the website to request an upgrade or downgrade.

east atlantic Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment for practice.
• Allows users to test trading strategies without financial risk.
• Familiarizes traders with the trading platform and tools.

How to Open a Demo Account

• Visit the east atlantic website and select the option to open a demo account.
• Fill in the required information and create your demo account.

Demo Account Limitations

• The demo account is typically limited to a virtual balance of $10,000.
• It may have a time limit, usually expiring after 30 days of inactivity.

Virtual Balance Amount

• The demo account usually starts with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.
• Market conditions may differ, affecting trading performance.

Duration/Expiry of Demo Accounts

• Demo accounts generally expire after 30 days of inactivity but may be extended upon request.

east atlantic Islamic Account Details

Islamic Account Availability

• The east atlantic offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader to qualify for an Islamic account.

Differences from Standard Accounts

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

How to Apply for Islamic Account

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

Restrictions or Special Conditions

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

FAQs – east atlantic Account Types & Opening

1. What account types does east atlantic offer？

• east atlantic offers 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: $0.

1. How long does east atlantic account verification take？

• Verification typically takes 1 to 3 business days.

1. Does east atlantic offer demo accounts？

• Yes, east atlantic provides demo accounts for practice trading.

1. Can I have multiple account types with east atlantic？

• Yes, you can have multiple accounts, subject to the terms and conditions.

1. Does east atlantic offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available for Muslim traders.

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

• A government-issued ID and proof of residence are required.

1. Can I change my account type after registration？

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