EVEREST broker Accounts

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

everest Account Types Explained

Everest offers a variety of account types to cater to different trading needs and preferences. Below is a comprehensive overview of the available account types, their features, and target user profiles.

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: Ideal for beginners, offers access to a wide range of trading instruments.
• Target User Profile: Beginner traders.
• Trading Instruments Available: Forex, commodities, indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips; commission of $3 per lot.
• Leverage Options: Up to 1:200.
• Key Features: Direct market access, lower spreads, suitable for high-frequency trading.
• Target User Profile: Advanced traders.
• Trading Instruments Available: Forex, commodities, indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Variable spreads starting from 0.5 pips; commission of $2 per lot.
• Leverage Options: Up to 1:300.
• Key Features: Enhanced trading conditions, suitable for professional traders.
• Target User Profile: Professional traders.
• Trading Instruments Available: Forex, commodities, indices, cryptocurrencies.

4. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account; no swap fees.
• Leverage Options: Up to 1:500.
• Key Features: Complies with Sharia law; no interest on overnight positions.
• Target User Profile: Muslim traders.
• Trading Instruments Available: Forex, commodities, indices.

5. Demo Account

• Minimum Deposit Requirement: Virtual balance (typically $10,000).
• Spread/Commission Structure: Similar to 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 Traders: Pro Account
• Advanced Traders: ECN Account
• Muslim Traders: Islamic Account

Detailed everest Account Features

Account Features Comparison

Advantages of Each Account Type

• Standard Account: Low minimum deposit, user-friendly for beginners.
• ECN Account: Direct market access, lower spreads, suitable for scalping.
• Pro Account: Enhanced trading conditions, lower commissions for high-volume traders.
• Islamic Account: Complies with Sharia law, no swap fees.
• Demo Account: Risk-free trading environment, ideal for practice.

Disadvantages of Each Account Type

• Standard Account: Higher spreads compared to ECN.
• ECN Account: Higher minimum deposit and commissions.
• Pro Account: Requires a higher initial investment.
• Islamic Account: Limited to specific trading conditions.
• Demo Account: No real profits, limited to practice.

everest Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents in most countries; specific restrictions may apply.
• Prohibited Countries: Certain countries may be restricted due to regulatory requirements.
• Identity Verification Documents Needed: Government-issued ID (passport or national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing your name and address.
• Additional Documentation for Professional Accounts: Business registration documents, tax identification.

KYC/AML Compliance Procedures

• Everest adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring verification of identity and residence.

Verification Time Frames

• Account verification typically takes 1-2 business days.

Step-by-Step everest Account Opening Guide

Detailed Registration Process

1. Visit Website: Go to the official Everest website.
2. Click Registration: Click on the "Open an Account" button.
3. Personal Information Entry: Fill in your personal details including name, email, and phone number.
4. Choose Account Type: Select the desired account type (Standard, ECN, etc.).
5. Set Trading Preferences: Specify your trading preferences and leverage.
6. Document Upload: Upload required identification and proof of residence documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. 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 slight variations in interface layout.

Common Registration Issues and Solutions

• Issue: Application rejected due to missing documents.
• Solution: Ensure all required documents are uploaded correctly.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, account approval takes 1-2 business days.

How to Upgrade/Downgrade Account Types

• Account upgrades or downgrades can be requested through the account management section on the Everest platform.

everest Demo Account Guide

Demo Account Features and Benefits

• Provides a virtual balance to practice trading strategies without financial risk.
• Access to all trading instruments available in live accounts.

How to Open a Demo Account

• Visit the Everest website and select the option to create a demo account.

Demo Account Limitations

• Limited to a virtual balance; cannot withdraw or earn real profits.

Virtual Balance Amount

• Typically set at $10,000 for practice purposes.

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 expire after a certain period or remain active as long as there is activity.

everest Islamic Account Details

Swap-Free/Islamic Account Availability

• Everest offers Islamic accounts that comply with Sharia law.

Eligibility Requirements

• Must be a Muslim trader looking for a swap-free trading option.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees on overnight positions.

How to Apply for Islamic Account

• Select the Islamic account option during the registration process.

Restrictions or Special Conditions

• Must adhere to specific trading conditions set forth by Everest.

FAQs – everest Account Types & Opening

1. What account types does everest offer？

• Everest 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 balance.

1. How long does everest account verification take？

• Typically, 1-2 business days.

1. Does everest offer demo accounts？

• Yes, Everest provides demo accounts for practice trading.

1. Can I have multiple account types with everest？

• Yes, you can open multiple account types.

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

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

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

• 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.