EXPRESS TRADE broker Accounts

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

express trade Account Types Explained

Available Account Types

1. Standard Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Variable spreads starting from 1.0 pips
• Leverage Options: Up to 1:2000
• Key Features: Ideal for beginners, access to all trading instruments, and educational resources.
• Target User Profile: Beginners
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. ECN Account

• Minimum Deposit Requirement: $500
• Spread/Commission Structure: Raw spreads starting from 0.0 pips with a commission of $3 per lot
• Leverage Options: Up to 1:500
• Key Features: Direct market access, lower spreads, and faster execution.
• Target User Profile: Advanced traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Pro Account

• Minimum Deposit Requirement: $1,000
• Spread/Commission Structure: Spreads starting from 0.5 pips with a commission of $2 per lot
• Leverage Options: Up to 1:1000
• Key Features: Enhanced trading conditions for professional traders, priority support.
• Target User Profile: Professional traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Islamic Account

• Minimum Deposit Requirement: $100
• Spread/Commission Structure: Similar to Standard Account
• Leverage Options: Up to 1:2000
• Key Features: Swap-free trading in compliance with Sharia law.
• Target User Profile: Muslim traders
• Trading Instruments Available: Forex, commodities, indices, and cryptocurrencies.

1. Demo Account

• Minimum Deposit Requirement: N/A (virtual funds)
• Spread/Commission Structure: Same as Standard Account
• Leverage Options: Same as Standard Account
• 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, and cryptocurrencies.

Account Type Comparison Table

Recommended Account Types by Trader Level

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

Detailed express trade Account Features

Feature Comparison Across Account Types

• Minimum Deposit:

• Standard: $100

• ECN: $500

• Pro: $1,000

• Islamic: $100

• Demo: N/A

• Maximum Leverage:

• Standard: 1:2000

• ECN: 1:500

• Pro: 1:1000

• Islamic: 1:2000

• Demo: 1:2000

• Spreads (Typical/Minimum):

• Standard: From 1.0 pips

• ECN: From 0.0 pips

• Pro: From 0.5 pips

• Islamic: From 1.0 pips

• Demo: From 1.0 pips

• Commission Fees:

• Standard: None

• ECN: $3 per lot

• Pro: $2 per lot

• Islamic: None

• Demo: None

• Lot Size:

• Standard: Micro, Mini, Standard

• ECN: Micro, Mini, Standard

• Pro: Micro, Mini, Standard

• Islamic: Micro, Mini, Standard

• Demo: Micro, Mini, Standard

• Available Trading Platforms:

• All account types support MT4 and MT5.

• Execution Type:

• Standard: Market

• ECN: ECN

• Pro: Market

• Islamic: Market

• Demo: Market

• Islamic Account Availability:

• Available for Islamic Account only.

• Swap-Free Options:

• Available for Islamic Account.

• Demo Account Features:

• Virtual funds for practice, access to all trading instruments.

Advantages of Each Account Type

• Standard Account:

• Low minimum deposit

• Educational resources available

• Suitable for beginners

• ECN Account:

• Direct market access

• Lower spreads

• Fast execution

• Pro Account:

• Enhanced trading conditions

• Priority customer support

• Suitable for experienced traders

• Islamic Account:

• Compliant with Sharia law

• No swap fees

• Demo Account:

• Risk-free trading environment

• Ideal for strategy testing

Disadvantages of Each Account Type

• Standard Account:

• Higher spreads compared to ECN

• Limited advanced features

• ECN Account:

• Higher minimum deposit

• Commission fees apply

• Pro Account:

• Higher minimum deposit

• May not be suitable for beginners

• Islamic Account:

• Limited to Muslim traders

• May have fewer features than standard accounts

• Demo Account:

• No real profits can be made

• Limited duration for practice

express trade Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Available in most countries; check specific country regulations.
• Prohibited Countries: Countries under sanctions or restrictions may not be eligible.
• Identity Verification Documents Needed:
• Government-issued ID (passport or drivers license)
• Proof of residence (utility bill or bank statement)
• Proof of Residence Requirements: Recent documents showing your name and 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 of identity and address is mandatory.

Verification Time Frames

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

express trade Account Opening Process

Step-by-Step express trade Account Opening Guide

1. Visit Website and Click Registration: Go to the express trade website and click on the "Open Account" button.
2. Personal Information Entry: Fill in your personal details such as name, email, and phone number.
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, including leverage and trading instruments.
5. Document Upload: Upload the required identity verification documents.
6. Account Verification: Wait for the account to be verified by the express trade team.
7. Fund Your Account: Once verified, fund your account using your preferred payment method.
8. Start Trading: Access your trading platform and start trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both platforms, but mobile users may have a simplified interface.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification takes longer than expected.
• Solution: Contact customer support for assistance.

Average Account Approval Time

• Typically, accounts are approved within 1-3 business days, depending on document verification.

How to Upgrade/Downgrade Account Types

• Log in to your account and navigate to the account settings to request an upgrade or downgrade.

express trade Demo Account Guide

Demo Account Features and Benefits

• Features: Access to all trading instruments, virtual funds for practice, and no risk involved.
• Benefits: Ideal for beginners to learn trading without financial risk and for experienced traders to test strategies.

How to Open a Demo Account

• Follow the same registration steps as for a live account but select "Demo Account" during the account type selection.

Demo Account Limitations

• Limited duration of use (typically 30 days).
• No real profits can be made.

Virtual Balance Amount

• Typically, demo accounts are funded with a virtual balance of $10,000 or more.

Demo vs Live Account Differences

• Demo accounts use virtual funds; live accounts involve real money and trading conditions.

Duration/Expiry of Demo Accounts

• Demo accounts usually expire after 30 days of inactivity.

express trade Islamic Account Details

Swap-Free/Islamic Account Availability

• Islamic accounts are available and comply with Sharia law, offering swap-free trading.

Eligibility Requirements

• Must be a Muslim trader.

Differences from Standard Accounts

• Islamic accounts do not incur swap fees and may have specific trading conditions.

How to Apply for Islamic Account

• Select the Islamic Account option during the registration process.

Restrictions or Special Conditions

• Islamic accounts may have limitations on certain trading strategies that involve swaps.

FAQs – express trade Account Types & Opening

1. What account types does express trade offer？

• express trade 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: N/A.

1. How long does express trade account verification take？

• Verification typically takes 1-3 business days.

1. Does express trade offer demo accounts？

• Yes, express trade offers demo accounts for practice trading.

1. Can I have multiple account types with express trade？

• Yes, you can open multiple account types.

1. Does express trade offer Islamic/swap-free accounts？

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

1. What documents do I need to open a express trade 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 your account settings.