EGR broker Accounts

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

egr 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: User-friendly interface, suitable for beginners
• 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 of $3 per lot
• Leverage Options: Up to 1:200
• Key Features: Direct market access, faster execution
• Target User Profile: Experienced traders
• Trading Instruments Available: Forex, commodities, cryptocurrencies

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads from 0.5 pips + commission of $2 per lot
• Leverage Options: Up to 1:300
• Key Features: Advanced trading tools, priority support
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, stocks

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:500
• Key Features: No swap fees, compliant with Sharia law
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Up to 1:500
• Key Features: Risk-free trading environment
• Target User Profile: Beginners and experienced traders
• Trading Instruments Available: All available instruments

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
• All Levels: Demo Account

Detailed egr Account Features

Feature Comparison Across Different Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• 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: Same as Standard

• Demo: Same as 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:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: No

• Swap-Free Options:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: N/A

• Demo: No

• Demo Account Features:

• Virtual balance amount: $100,000

• Duration/expiry: 30 days

Advantages of Each Account Type

• Standard Account:

• User-friendly for beginners

• Low minimum deposit

• Access to various trading instruments

• ECN Account:

• Tight spreads and low commissions

• Direct market access

• Suitable for scalping strategies

• Pro Account:

• Advanced trading tools

• Lower commission rates

• Priority customer support

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Accessible to Muslim traders

• Demo Account:

• Risk-free trading environment

• Practice with virtual funds

• Ideal for testing strategies

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees may add up

• Pro Account:

• Requires a higher initial investment

• More complex for beginners

• Islamic Account:

• Limited to Muslim traders

• May not have all features of other accounts

• Demo Account:

• Limited duration

• No real profit generation

egr Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, excluding certain jurisdictions.
• Prohibited Countries: Specific countries may be restricted due to regulatory reasons (exact list not provided).
• Identity Verification Documents Needed: Government-issued ID (passport or driver's license).
• Proof of Residence Requirements: Utility bill or bank statement with the applicant's name and address.
• Additional Documentation for Professional Accounts: Proof of trading experience or financial status may be required.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification of identity and address is mandatory before account activation.

Verification Time Frames

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

Step-by-Step egr Account Opening Guide

Registration Process

1. Visit Website and Click Registration: Navigate to the egr official website and select the 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 trading needs.
4. Set Trading Preferences: Indicate trading preferences, including leverage and trading instruments.
5. Document Upload: Upload 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 activate the 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, with mobile offering a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload failure.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the documentation provided.

How to Upgrade/Downgrade Account Types

• Users can request an upgrade or downgrade through the account management section on the website or by contacting customer support.

egr Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments with virtual funds.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the egr website and select the demo account option, then follow the registration steps.

Demo Account Limitations

• Limited to a virtual balance of $100,000 and expires after 30 days.

Virtual Balance Amount

• The demo account provides a virtual balance of $100,000 for practice.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not generate real profits, while live accounts involve real money trading.

Duration/Expiry of Demo Accounts

• Demo accounts are valid for 30 days from the date of registration.

egr Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for traders who require swap-free trading options.

Eligibility Requirements

• Must be a practicing Muslim and provide necessary documentation if required.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees, making them compliant with Sharia law.

How to Apply for Islamic Account

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

Restrictions or Special Conditions

• Islamic accounts may have specific trading conditions that differ from standard accounts.

FAQs – egr Account Types & Opening

1. What account types does egr offer？

• egr 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 egr account verification take？

• Verification typically takes 1-3 business days.

1. Does egr offer demo accounts？

• Yes, egr offers demo accounts for practice trading.

1. Can I have multiple account types with egr？

• Yes, traders can hold multiple account types.

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

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

1. What documents do I need to open a egr 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.