EXCENT CAPITAL broker Accounts

excent capital Account Types Overview

excent capital Account Types Explained

Excent Capital offers a variety of trading account types tailored to meet the needs of different traders. Below is a detailed overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Variable spreads starting from 1.2 pips; commissions may apply depending on trading volume.
• Leverage Options: Up to 1:100.
• Key Features: Basic trading features suitable for beginner traders; access to a wide range of trading instruments.
• Target User Profile: Beginner to intermediate traders.
• Trading Instruments Available: Forex, stocks, commodities, and indices.

2. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Tight spreads starting from 0.0 pips; commission of $5 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Direct market access, lower spreads, and faster execution; ideal for scalpers and high-frequency traders.
• Target User Profile: Advanced traders and professionals.
• Trading Instruments Available: Forex, commodities, and indices.

3. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Competitive spreads starting from 0.5 pips; commission of $3 per lot.
• Leverage Options: Up to 1:100.
• Key Features: Enhanced trading conditions, including lower commissions and spreads; suitable for serious traders.
• Target User Profile: Experienced traders and institutional clients.
• Trading Instruments Available: Forex, stocks, commodities, and indices.

4. Islamic Account

• Minimum Deposit Requirement: $200
• Spread/Commission Structure: Similar to the Standard Account; no swap fees.
• Leverage Options: Up to 1:100.
• Key Features: Designed for traders who adhere to Islamic finance principles; no swap fees applied.
• Target User Profile: Muslim traders seeking compliance with Sharia law.
• Trading Instruments Available: Forex, stocks, commodities, and indices.

5. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds).
• Spread/Commission Structure: Similar to the Standard Account; no real commissions.
• Leverage Options: Up to 1:100.
• Key Features: Practice trading with virtual funds; access to all trading instruments.
• Target User Profile: Beginner traders looking to practice and learn.
• Trading Instruments Available: Forex, stocks, commodities, and indices.

Recommended Account Types by Trader Level

• Beginner: Standard Account or Demo Account
• Intermediate: Standard Account or ECN Account
• Advanced: Pro Account or ECN Account
• Institutional: Pro Account

excent capital Account Features Comparison

Detailed excent capital Account Features

The following table compares key features across different account types offered by Excent Capital:

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit.

• Suitable for beginners.

• Access to a variety of instruments.

• ECN Account:

• Tight spreads and low commissions.

• Ideal for high-frequency trading.

• Direct market access.

• Pro Account:

• Enhanced trading conditions.

• Lower commissions for serious traders.

• Access to advanced trading tools.

• Islamic Account:

• Compliance with Islamic finance principles.

• No swap fees.

• Suitable for Muslim traders.

• Demo Account:

• Risk-free trading environment.

• Practice with virtual funds.

• Access to all trading instruments.

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN accounts.

• Limited advanced features.

• ECN Account:

• Higher minimum deposit requirement.

• Commission fees may deter some traders.

• Pro Account:

• High minimum deposit.

• Best suited for experienced traders.

• Islamic Account:

• Limited availability of advanced features.

• May not suit all trading styles.

• Demo Account:

• No real trading experience.

• Limited duration for practice.

excent capital Account Opening Requirements

excent capital Account Registration Requirements

To open an account with Excent Capital, the following eligibility criteria and documentation are required:

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available to traders globally, but may have restrictions for certain countries.
• Prohibited Countries: Specific countries may be restricted due to regulatory compliance (details not specified).

Identity Verification Documents Needed

• Proof of Identity (POI): Government-issued ID (passport, national ID card).
• Proof of Address (POA): Utility bill, bank statement, or any official document showing your name and address.

Additional Documentation for Professional Accounts

• Depending on the account type, additional documentation may be required to prove trading experience and financial status.

KYC/AML Compliance Procedures

• All accounts must comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which include verifying identity and source of funds.

Verification Time Frames

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

excent capital Account Opening Process

Step-by-Step excent capital Account Opening Guide

To open an account with Excent Capital, follow these steps:

1. Visit Website and Click Registration: Go to Excent Capital's website and click on the "Sign Up" button.
2. Personal Information Entry: Fill out the registration form with your full name, email address, and create a secure password.
3. Choose Account Type: Select the type of account you wish to open (Standard, ECN, Pro, Islamic, or Demo).
4. Set Trading Preferences: Indicate your trading preferences and risk tolerance.
5. Document Upload: Upload the required identity verification documents (POI and POA).
6. Account Verification: Wait for the verification process to complete. You will receive a confirmation email once your account is approved.
7. Fund Your Account: After verification, log in to your account and deposit funds using your preferred payment method.
8. Start Trading: Once your account is funded, you can begin trading on the platform.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, with minor layout differences. Ensure you have a stable internet connection for a smooth experience.

Common Registration Issues and Solutions

• Document Rejection: Ensure documents are clear and legible. If rejected, re-upload the correct documents.
• Email Verification Issues: Check your spam folder if you do not receive the verification email.

Average Account Approval Time

• Typically, account approval takes 1-3 business days, depending on the verification process.

How to Upgrade/Downgrade Account Types

• To change your account type, contact Excent Capital's customer support for assistance with the upgrade or downgrade process.

excent capital Demo Account Information

excent capital Demo Account Guide

Demo Account Features and Benefits

• The demo account allows traders to practice trading strategies without financial risk using virtual funds.

How to Open a Demo Account

• Visit the Excent Capital website and select the option to open a demo account. Follow the registration steps similar to opening a live account.

Demo Account Limitations

• The demo account may have limitations on certain features compared to live accounts, such as access to specific trading instruments.

Virtual Balance Amount

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

Demo vs Live Account Differences

• The demo account uses virtual funds, while the live account involves real money trading. Market conditions may also differ slightly.

Duration/Expiry of Demo Accounts

• Demo accounts may have a limited duration, usually expiring after 30 days unless extended by the broker.

excent capital Islamic Account Details

excent capital Islamic Account Details

Swap-Free/Islamic Account Availability

• Excent Capital offers an Islamic account that adheres to Sharia law, ensuring no swap fees are applied.

Eligibility Requirements

• Traders must indicate their preference for an Islamic account during the registration process and provide necessary documentation.

Differences from Standard Accounts

• The Islamic account operates under the same trading conditions as the Standard Account but does not incur swap fees.

How to Apply for Islamic Account

• Select the Islamic account option during the account registration process or contact customer support for assistance.

Restrictions or Special Conditions

• Islamic accounts may have specific conditions regarding trading strategies that comply with Islamic finance principles.

FAQs – excent capital Account Types & Opening

1. What account types does excent capital offer？

• Excent Capital offers Standard, ECN, Pro, Islamic, and Demo accounts.

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

• Standard Account: $200, ECN Account: $500, Pro Account: $1,000, Islamic Account: $200, Demo Account: N/A.

1. How long does excent capital account verification take？

• Account verification typically takes 1-3 business days.

1. Does excent capital offer demo accounts？

• Yes, Excent Capital offers demo accounts for practice trading.

1. Can I have multiple account types with excent capital？

• Yes, traders can open multiple accounts for different trading strategies.

1. Does excent capital offer Islamic/swap-free accounts？

• Yes, Excent Capital provides Islamic accounts that do not incur swap fees.

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

• You need a Proof of Identity (POI) and Proof of Address (POA).

1. Can I change my account type after registration？

• Yes, you can change your account type by contacting customer support for assistance.