ETC broker Accounts

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

Part 1: etc Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips; no commission.
• Leverage Options: Up to 1:500.
• Key Features: User-friendly interface, access to major currency pairs, and educational resources.
• Target User Profile: Beginners and casual traders.
• Trading Instruments Available: Forex, commodities, and indices.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.1 pips; commission of $6 per round turn.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Experienced traders and scalpers.
• Trading Instruments Available: Forex, commodities, and cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $4 per round turn.
• Leverage Options: Up to 1:300.
• Key Features: Advanced trading tools, priority support, and access to exclusive market analysis.
• Target User Profile: Professional traders and institutions.
• Trading Instruments Available: Forex, commodities, indices, and stocks.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Compliant with Sharia law, no interest fees.
• Target User Profile: Muslim traders seeking compliance with Islamic finance principles.
• Trading Instruments Available: Forex and commodities.

1. Demo Account

• Minimum Deposit Requirement: Virtual funds (typically $10,000).
• Spread/Commission Structure: Same as Standard Account.
• Leverage Options: Same as Standard Account.
• Key Features: Risk-free trading environment, access to all trading instruments.
• Target User Profile: Beginners and traders testing strategies.
• Trading Instruments Available: All available instruments.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Part 2: etc Account Features Comparison

Detailed etc Account Features

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: Virtual funds

• Maximum Leverage:

• Standard: 1:500

• ECN: 1:200

• Pro: 1:300

• Islamic: 1:500

• Spreads (Typical/Minimum):

• Standard: 1.0 pips

• ECN: 0.1 pips

• Pro: 0.5 pips

• Islamic: 1.0 pips

• Commission Fees:

• Standard: None

• ECN: $6 per round turn

• Pro: $4 per round turn

• Islamic: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Available Trading Platforms:

• Standard: MT4, MT5

• ECN: MT4, MT5

• Pro: MT4, MT5, proprietary platform

• Islamic: MT4, MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Islamic Account Availability:

• Standard: Yes

• ECN: Yes

• Pro: Yes

• Islamic: Yes

• Swap-Free Options:

• All account types can be made swap-free upon request.

• Demo Account Features:

• Virtual trading with real market conditions, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Easy to use for beginners.

• No commission fees.

• Access to educational resources.

• ECN Account:

• Tight spreads for cost-effective trading.

• Fast execution speeds.

• Direct market access.

• Pro Account:

• Advanced trading tools and resources.

• Lower commission fees for high-volume traders.

• Priority customer support.

• Islamic Account:

• Compliant with Islamic finance principles.

• No swap fees.

• Flexible trading options.

• Demo Account:

• Risk-free environment for practice.

• No financial commitment required.

• Ideal for testing strategies.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Requires a higher minimum deposit.

• Commission fees can add up for frequent traders.

• Pro Account:

• Higher minimum deposit requirement.

• May not be suitable for casual traders.

• Islamic Account:

• Limited to specific trading instruments.

• May have restrictions on certain trading strategies.

• Demo Account:

• No real financial gain.

• Limited duration for practice.

Part 3: etc Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries, but may be restricted in certain regions (e.g., the USA, Canada).
• Prohibited Countries: Specific countries may be prohibited based on regulatory compliance.
• Identity Verification Documents Needed:
• Government-issued ID (passport or driver's license).
• Proof of address (utility bill or bank statement).
• Proof of Residence Requirements: Must provide documentation showing current residential address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures

• All applicants must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) checks.
• Verification typically involves submitting identification documents and proof of residence.

Verification Time Frames

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

Part 4: etc Account Opening Process

Step-by-Step etc Account Opening Guide

1. Visit Website and Click Registration: Go to the official etc trading platform.
2. Personal Information Entry: Fill out the registration form with personal details (name, email, phone number).
3. Choose Account Type: Select the desired account type based on your trading needs.
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the verification process to be completed by the brokerage.
7. Fund Your Account: Deposit the minimum required amount to activate your account.
8. Start Trading: Once your account is funded, you can 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 (JPEG, PNG, PDF).
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1 to 3 business days, depending on the completeness of the application.

How to Upgrade/Downgrade Account Types

• Users can request to upgrade or downgrade their account type through the account management section of the trading platform.

Part 5: etc Demo Account Information

Demo Account Features and Benefits

• Provides a risk-free environment to practice trading strategies.
• Access to all trading instruments available in live accounts.
• Helps traders familiarize themselves with the trading platform.

How to Open a Demo Account

• Visit the etc trading platform and select the demo account option.
• Fill out the required information and submit the form.

Demo Account Limitations

• Limited duration (usually 30-90 days).
• Virtual funds cannot be converted to real money.

Virtual Balance Amount

• Typically, demo accounts come with a virtual balance of $10,000.

Demo vs Live Account Differences

• Demo accounts use virtual funds and do not involve real financial risk.
• Live accounts require real money deposits and involve actual trading risks.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 to 90 days of inactivity.

Part 6: etc Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available for all account types and are compliant with Sharia law.

Eligibility Requirements

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

Differences from Standard Accounts

• Islamic accounts do not incur swap fees for holding positions overnight.

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 that differ from standard accounts, such as limits on certain trading strategies.

FAQs – etc Account Types & Opening

1. What account types does etc offer？

• etc 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: Virtual funds.

1. How long does etc account verification take？

• Verification typically takes 1 to 3 business days.

1. Does etc offer demo accounts？

• Yes, etc offers demo accounts for risk-free trading practice.

1. Can I have multiple account types with etc？

• Yes, traders can hold multiple account types simultaneously.

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

• Yes, Islamic accounts are available for all account types.

1. What documents do I need to open a etc 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 the account management section.