ETO Markets offers four primary account types designed to cater to different trading needs:
| Account Type | Minimum Deposit | Spread | Commission | Leverage | Target User Profile |
|---|---|---|---|---|---|
| PRO | $100 | From 0.0 pips | $3.5 per side | 1:500 | Advanced traders |
| BASIC | $100 | From 1.0 pips | None | 1:500 | Beginners |
| PRIME | $100 | From 1.7 pips | None | 1:500 | Intermediate traders |
| STD | $100 | From 1.7 pips | None | 1:500 | Casual traders |
Minimum Deposit:
All account types require a minimum deposit of $100.
Maximum Leverage:
All accounts offer leverage up to 1:500.
Spreads (Typical/Minimum):
PRO: From 0.0 pips
BASIC: From 1.0 pips
PRIME: From 1.7 pips
STD: From 1.7 pips
Commission Fees:
PRO Account incurs a commission of $3.5 per side; other accounts have no commission.
Lot Size:
Minimum trade size across all accounts is 0.01 lots.
Available Trading Platforms:
MetaTrader 4 (MT4) and MetaTrader 5 (MT5).
Execution Type:
Market execution for all account types.
Islamic Account Availability:
Information on Islamic accounts is not specified.
Swap-Free Options:
Not explicitly mentioned in the sources.
Demo Account Features:
ETO Markets offers a demo account, allowing traders to practice without financial risk.
Eligibility Criteria:
Age Requirements: Must be at least 18 years old.
Geographic Restrictions: Available to clients worldwide, excluding the USA and certain OFAC sanctioned countries.
Prohibited Countries:
USA, Japan, Singapore, North Korea, Syria.
Identity Verification Documents Needed:
Government-issued ID (passport or driver's license).
Proof of residence (utility bill or bank statement).
KYC/AML Compliance Procedures:
ETO Markets follows KYC (Know Your Customer) and AML (Anti-Money Laundering) regulations, requiring identity verification.
Verification Time Frames:
Account verification typically takes a few hours to a few days, depending on document submission and review.
Issue: Document upload fails.
Solution: Ensure documents are clear and in the correct format.
Issue: Verification delays.
Solution: Contact customer support for assistance.
Demo Account Features and Benefits:
Allows traders to practice trading strategies without financial risk.
Access to the same trading platform features as live accounts.
How to Open a Demo Account:
Visit the ETO Markets website and select the option to open a demo account.
Demo Account Limitations:
Limited to a virtual balance and may have a time limit for use.
Virtual Balance Amount:
Typically, demo accounts offer a virtual balance of $10,000 or similar.
Demo vs Live Account Differences:
Demo accounts use virtual funds, while live accounts require real money deposits.
Duration/Expiry of Demo Accounts:
Demo accounts may expire after a certain period, usually 30 days, but this can vary.
Swap-Free/Islamic Account Availability:
Information on Islamic accounts is not specified in the sources.
Eligibility Requirements:
Not explicitly mentioned.
Differences from Standard Accounts:
Not available in the provided data.
How to Apply for Islamic Account:
Not specified in the sources.
Restrictions or Special Conditions:
Not available in the provided data.
Explore broker markets account types: forex/trading accounts with demo access.