Everestco broker Accounts

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

Part 1: everestco Account Types Overview

everestco Account Types Explained

Everestco offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types:

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 for practice

Part 2: everestco Account Features Comparison

Detailed everestco Account Features

When comparing the features across different account types, the following aspects are essential:

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $5,000

• 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: N/A

• Spreads (Typical/Minimum):

• Standard: Starts from 1.8 pips

• ECN: Variable, lower spreads

• Pro: Variable, lower commissions

• Islamic: Starts from 1.8 pips

• Demo: N/A

• Commission Fees:

• Standard: None

• ECN: Yes, based on trading volume

• Pro: Lower commissions

• Islamic: None

• Demo: N/A

• Lot Size:

• Standard: Micro

• ECN: Mini/Standard

• Pro: Standard

• Islamic: Micro

• Demo: N/A

• Available Trading Platforms:

• Standard: MT4

• ECN: MT4/MT5

• Pro: MT4/MT5

• Islamic: MT4

• Demo: MT4/MT5

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Instant

• Islamic: Market

• Demo: Market

• Islamic Account Availability: Yes for Islamic accounts.

• Swap-Free Options: Available for Islamic accounts.

• Demo Account Features: Practice trading with virtual funds.

Advantages and Disadvantages of Each Account Type

• Standard Account:

• Advantages: Low minimum deposit, suitable for beginners.

• Disadvantages: Higher spreads compared to ECN accounts.

• ECN Account:

• Advantages: Lower spreads, direct market access.

• Disadvantages: Higher minimum deposit, commission fees.

• Pro Account:

• Advantages: Advanced tools, lower commissions.

• Disadvantages: High minimum deposit.

• Islamic Account:

• Advantages: Compliant with Sharia law, swap-free.

• Disadvantages: Limited features compared to Pro accounts.

• Demo Account:

• Advantages: Risk-free trading, practice without financial commitment.

• Disadvantages: Limited duration, no real profits.

Part 3: everestco Account Opening Requirements

everestco Account Registration Requirements

Eligibility Criteria:

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to residents of most countries, but some may be restricted.
• Prohibited Countries: Specific countries may be prohibited based on regulatory compliance (details not provided).
• Identity Verification Documents Needed: Valid government-issued ID (passport, national ID).
• Proof of Residence Requirements: Utility bill or bank statement showing the residential address.
• Additional Documentation for Professional Accounts: May require proof of trading experience or financial status.

KYC/AML Compliance Procedures:

• Customers must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks during the registration process.

Verification Time Frames:

• Account verification typically takes 1-2 business days, depending on the completeness of the submitted documents.

Part 4: everestco Account Opening Process

Step-by-Step everestco Account Opening Guide

1. Visit Website and Click Registration: Go to the Everestco website and select the “Open an Account” option.
2. Personal Information Entry: Fill in required personal details, including name, email, and phone number.
3. Choose Account Type: Select the desired account type from the available options.
4. Set Trading Preferences: Indicate your trading preferences, including leverage and trading instruments.
5. Document Upload: Upload required identification and proof of residence documents.
6. Account Verification: Wait for the account verification process to complete.
7. Fund Your Account: Once verified, deposit funds into your account to start trading.
8. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences:

• The registration process is similar across desktop and mobile platforms, with minor interface adjustments for mobile users.

Common Registration Issues and Solutions:

• Document Rejection: Ensure documents are clear and meet the requirements.
• Verification Delays: Contact customer support for assistance if verification takes longer than expected.

Average Account Approval Time:

• Typically 1-2 business days, depending on document submission and verification.

How to Upgrade/Downgrade Account Types:

• Account types can be changed by contacting customer support and following the necessary procedures.

Part 5: everestco Demo Account Information

everestco Demo Account Guide

• Demo Account Features and Benefits: Allows users to practice trading with virtual funds, access to trading platforms, and no financial risk.
• How to Open a Demo Account: Select the demo account option during registration and follow the prompts.
• Demo Account Limitations: Limited duration for use, typically 30 days.
• Virtual Balance Amount: Usually set at a predefined amount (not specified).
• Demo vs Live Account Differences: Demo accounts do not involve real money; live accounts require actual funds and carry financial risks.
• Duration/Expiry of Demo Accounts: Demo accounts generally expire after a set period unless extended by the broker.

Part 6: everestco Islamic Account Details

everestco Islamic Account Details

• Swap-Free/Islamic Account Availability: Yes, Everestco offers Islamic accounts that comply with Sharia law.
• Eligibility Requirements: Must be a practicing Muslim and provide necessary documentation.
• Differences from Standard Accounts: Islamic accounts do not incur swap fees and may have different trading conditions.
• How to Apply for Islamic Account: Select the Islamic account option during registration or contact customer support for assistance.
• Restrictions or Special Conditions: Must adhere to Islamic finance principles, including no interest charges.

FAQs – everestco Account Types & Opening

1. What account types does everestco offer？

• Everestco offers Standard, ECN, Pro, Islamic, and Demo accounts.

1. What is the minimum deposit for each account type？

• Standard: $100, ECN: $500, Pro: $5,000, Islamic: $100, Demo: N/A.

1. How long does everestco account verification take？

• Typically 1-2 business days.

1. Does everestco offer demo accounts？

• Yes, Everestco provides demo accounts for practice trading.

1. Can I have multiple account types with everestco？

• Yes, you can open multiple accounts with different types.

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

• Yes, Everestco offers Islamic accounts that are swap-free.

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

• A valid government-issued ID and proof of residence.

1. Can I change my account type after registration？

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