EGI broker Accounts

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

Part 1: egi Account Types Overview

egi Account Types Explained

EGI offers a variety of account types tailored to different trading needs and user profiles. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:500
• Key Features: User-friendly interface, access to a wide range of trading instruments
• Target User Profile: Beginners and intermediate traders
• Trading Instruments Available: Forex, commodities, indices

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Low spreads starting from 0.0 pips + commission
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution speeds
• Target User Profile: Advanced traders and scalpers
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Fixed spreads starting from 1.5 pips
• 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

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: Swap-free trading options
• Target User Profile: Traders adhering to Islamic finance principles
• Trading Instruments Available: Forex, commodities, indices

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Practice trading without risk, access to all trading instruments
• Target User Profile: Beginners and those testing strategies
• Trading Instruments Available: Forex, commodities, indices

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Standard Account, Demo Account
• Intermediate: Standard Account, Islamic Account
• Advanced: ECN Account, Pro Account

Part 2: egi Account Features Comparison

Detailed egi Account Features

When comparing the features of different egi account types, the following aspects are considered:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: Up to 1:500

• ECN: Up to 1:200

• Pro: Up to 1:100

• Islamic: Up to 1:500

• Demo: Up to 1:500

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips + commission

• Pro: From 1.5 pips

• Islamic: Similar to Standard

• Demo: Same as Standard

• Commission Fees:

• Standard: None

• ECN: Yes, based on volume

• Pro: Yes, based on volume

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: 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: Instant

• 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, access to all instruments, practice trading without risk.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• User-friendly interface

• Wide range of instruments

• ECN Account:

• Tight spreads

• Direct market access

• Ideal for scalping

• Pro Account:

• Advanced trading tools

• Priority support

• Fixed spreads

• Islamic Account:

• Complies with Islamic finance principles

• Swap-free trading

• Demo Account:

• Risk-free trading environment

• Practice strategies without financial commitment

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

• Limited to professional traders

• Islamic Account:

• Limited availability of advanced features

• May have restrictions on trading styles

• Demo Account:

• Limited duration

• No real financial gains

Part 3: egi Account Opening Requirements

egi Account Registration Requirements

To open an egi account, the following eligibility criteria must be met:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but specific restrictions may apply.
• Prohibited Countries: Specific countries may be restricted based on regulatory compliance; check egi‘s website for the latest updates.
• Identity Verification Documents Needed: Government-issued ID (passport or driver’s license).
• Proof of Residence Requirements: Utility bill or bank statement showing the applicant's name and address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial statements.

KYC/AML Compliance Procedures

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. This includes verifying identity and residence.

Verification Time Frames

• Account verification typically takes 1-3 business days, depending on the completeness of the submitted documentation.

Part 4: egi Account Opening Process

Step-by-Step egi Account Opening Guide

1. Visit Website and Click Registration: Navigate to the egi website and select the account registration option.
2. Personal Information Entry: Fill in personal details such as name, email, and phone number.
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 required identity verification and proof of residence documents.
6. Account Verification: Wait for the egi team to verify your documents.
7. Fund Your Account: Once verified, deposit funds into your trading account.
8. 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, but mobile users may have a more streamlined interface.

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

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

How to Upgrade/Downgrade Account Types

• To change account types, contact egi customer support to initiate the process.

Part 5: egi Demo Account Information

egi Demo Account Guide

• Demo Account Features and Benefits: The demo account allows traders to practice with virtual funds, access all trading instruments, and familiarize themselves with the trading platform without financial risk.
• How to Open a Demo Account: Visit the egi website and select the demo account option; follow the registration steps to create an account.
• Demo Account Limitations: The demo account may have a time limit or virtual balance cap.
• Virtual Balance Amount: Typically, demo accounts come with a virtual balance of $10,000 or more.
• Demo vs Live Account Differences: Demo accounts use virtual funds, while live accounts involve real money trading.
• Duration/Expiry of Demo Accounts: Demo accounts may last for a limited time, often 30 days, after which they may need to be renewed.

Part 6: egi Islamic Account Details

egi Islamic Account Details

• Swap-Free/Islamic Account Availability: EGI offers Islamic accounts that comply with Sharia law, allowing for trading without swap fees.
• Eligibility Requirements: Traders must declare their need for an Islamic account during registration.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees and may have specific trading conditions.
• 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 limitations on certain trading strategies or instruments.

FAQs – egi Account Types & Opening

1. What account types does egi offer？

• EGI 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: N/A.

1. How long does egi account verification take？

• Verification typically takes 1-3 business days.

1. Does egi offer demo accounts？

• Yes, egi offers demo accounts for practice trading.

1. Can I have multiple account types with egi？

• Yes, traders can open multiple account types.

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

• Yes, EGI provides Islamic accounts that are swap-free.

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

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

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.