EGG broker Accounts

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

Part 1: egg Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.5 pips
• Leverage Options: Up to 1:500
• Key Features: Basic trading features, access to major currency pairs
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads from 0.1 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Intermediate to advanced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads with lower commission rates
• Leverage Options: Up to 1:100
• Key Features: Advanced trading tools, priority customer support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Similar to Standard or ECN accounts, but swap-free
• Leverage Options: Up to 1:200
• Key Features: Complies with Sharia law, no overnight interest
• 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: Same as live accounts
• Leverage Options: Same as live accounts
• Key Features: Practice trading without risk
• 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

Part 2: Detailed egg Account Features

Feature Comparison Across Different Account Types

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Suitable for beginners

• Access to educational resources

• ECN Account:

• Tight spreads

• Faster execution speeds

• Suitable for scalpers and high-frequency traders

• Pro Account:

• Advanced trading tools

• Lower commission rates

• Priority support

• Islamic Account:

• Complies with Sharia law

• No overnight interest

• Suitable for Muslim traders

• Demo Account:

• Risk-free trading environment

• Access to all trading instruments

• Ideal for strategy testing

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

• Not suitable for casual traders

• Islamic Account:

• Limited availability

• May have higher spreads

• Demo Account:

• No real profit

• Limited duration

Part 3: egg Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but specific regions may be restricted.
• Prohibited Countries: Countries under international sanctions or restrictions.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Social Security Number (for U.S. residents)
• Proof of Residence Requirements:
• Utility bill or bank statement with your name and address
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• Complete identity verification through submitted documents.
• Background checks to comply with anti-money laundering regulations.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the volume of applications.

Part 4: Step-by-Step egg Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Go to the egg trading platform and click on the registration button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, etc.).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to complete.
7. Fund Your Account: Deposit the minimum required amount to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a more streamlined experience.

Common Registration Issues and Solutions

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

Average Account Approval Time

• Generally, account approval takes between 1-3 business days.

How to Upgrade/Downgrade Account Types

• Log into your account and navigate to the account settings to request an upgrade or downgrade.

Part 5: egg Demo Account Guide

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading.
• Access to all trading instruments available in live accounts.
• Ideal for testing strategies without financial risk.

How to Open a Demo Account

• Follow the same registration process as for a live account, selecting the demo option.

Demo Account Limitations

• No real financial gains.
• Limited time access (typically 30 days).

Virtual Balance Amount

• Usually set at $10,000 or more, depending on the broker.

Demo vs Live Account Differences

• Demo accounts use virtual funds, while live accounts involve real money.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days unless extended by the broker.

Part 6: egg Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law.

Eligibility Requirements

• Must be a practicing Muslim.

Differences from Standard Accounts

• No overnight interest charges.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• May have specific trading conditions or limitations compared to standard accounts.

FAQs – egg Account Types & Opening

1. What account types does egg offer？

• egg 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: $500, Demo: Virtual funds.

1. How long does egg account verification take？

• Verification typically takes 1-3 business days.

1. Does egg offer demo accounts？

• Yes, egg offers demo accounts for practice trading.

1. Can I have multiple account types with egg？

• Yes, you can hold multiple account types simultaneously.

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

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

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

• You need a government-issued ID and proof of residence.

1. Can I change my account type after registration？

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