First Global broker Accounts

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

Part 1: first global Account Types Overview

first global Account Types Explained

First Global offers a variety of account types tailored to meet the needs of different traders. Below is a comprehensive overview of the available account types:

1. Standard Account

• Minimum Deposit Requirement: $100 (JMD/USD/CAD/EUR/GBP)
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:500
• Key Features: FGB VISA Debit contactless card, Online Banking - Global Access Plus, pre-approved credit card option.
• Target User Profile: Suitable for beginners and intermediate traders.
• Trading Instruments Available: Forex, commodities, indices.

1. Starter Account

• Minimum Deposit Requirement: JMD $100
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:500
• Key Features: Simplified account features for easy access to trading.
• Target User Profile: Ideal for novice traders.
• Trading Instruments Available: Forex.

1. Business Account

• Minimum Deposit Requirement: $100 (JMD/USD/CAD/EUR/GBP)
• Spread/Commission Structure: Variable spreads
• Leverage Options: Up to 1:500
• Key Features: Separate business transactions, easy deposits and withdrawals.
• Target User Profile: Business owners and entrepreneurs.
• Trading Instruments Available: Forex, commodities, indices.

Account Type Comparison Table

Recommended Account Types by Trader Level

• Beginners: Starter Account
• Intermediate Traders: Standard Account
• Business Owners: Business Account

Part 2: first global Account Features Comparison

Detailed first global Account Features

The following table compares the features across different account types:

Advantages of Each Account Type

• Standard Account:

• Comprehensive features for varied trading.

• High leverage options.

• Access to multiple trading instruments.

• Starter Account:

• Low minimum deposit.

• Simplified trading experience.

• Ideal for new traders.

• Business Account:

• Tailored for business transactions.

• Easy fund management.

• Separate personal and business finances.

Disadvantages of Each Account Type

• Standard Account:

• May be overwhelming for absolute beginners.

• Starter Account:

• Limited features compared to Standard Account.

• Business Account:

• Requires more documentation for setup.

Part 3: first global Account Opening Requirements

first global Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Not specified; check local regulations.
• Prohibited Countries: Not explicitly mentioned; verify with the bank.
• Identity Verification Documents Needed:
• Government Issued Photo ID
• Tax Registration Number (TRN)
• Proof of Residence Requirements: Recent utility bill or bank statement.
• Additional Documentation for Professional Accounts: Proof of business registration.

KYC/AML Compliance Procedures

• All applicants must undergo Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, which include identity verification and source of funds.

Verification Time Frames

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

Part 4: first global Account Opening Process

Step-by-Step first global Account Opening Guide

1. Visit Website and Click Registration: Navigate to the official first global website.
2. Personal Information Entry: Fill in your personal details including name, address, and contact information.
3. Choose Account Type: Select the account type that best suits your trading needs.
4. Set Trading Preferences: Indicate your trading preferences such as leverage and trading instruments.
5. Document Upload: Upload required documents for identity verification.
6. Account Verification: Wait for the bank to verify your documents.
7. Fund Your Account: Once verified, deposit the minimum required amount to activate your account.
8. Start Trading: Access your account and begin trading.

Desktop vs Mobile Registration Differences

• The registration process is similar on both desktop and mobile platforms, though mobile may have a more streamlined interface.

Common Registration Issues and Solutions

• Issue: Document upload errors.

• Solution: Ensure documents are in the correct format and resolution.

• Issue: Delays in verification.

• Solution: Contact customer support for updates.

Average Account Approval Time

• Generally, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

• Users can request changes to their account type through customer support or their online banking portal.

Part 5: first global Demo Account Information

first global Demo Account Guide

Demo Account Features and Benefits

• Practice trading without financial risk.
• Access to the same trading platforms as live accounts.
• Ideal for testing strategies and familiarizing with the trading environment.

How to Open a Demo Account

• Visit the first global website and select the demo account option.
• Fill in the required information and submit your request.

Demo Account Limitations

• Limited trading duration, typically 30 days.
• Virtual funds may be capped at a certain amount.

Virtual Balance Amount

• The demo account usually provides a virtual balance of $10,000.

Demo vs Live Account Differences

• Live accounts involve real money trading, while demo accounts use virtual funds.
• Live accounts incur actual trading fees and spreads.

Duration/Expiry of Demo Accounts

• Demo accounts typically expire after 30 days of inactivity.

Part 6: first global Islamic Account Details

first global Islamic Account Details

Swap-Free/Islamic Account Availability

• First Global offers swap-free accounts compliant with Islamic finance principles.

Eligibility Requirements

• Clients must declare their intention to open an Islamic account during the registration process.

Differences from Standard Accounts

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

How to Apply for Islamic Account

• Indicate the need for an Islamic account during the account opening process.

Restrictions or Special Conditions

• Clients must adhere to the principles of Islamic finance, which may include restrictions on certain trading instruments.

FAQs – first global Account Types & Opening

1. What account types does first global offer？

• First Global offers Standard, Starter, and Business accounts.

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

• Minimum deposits are $100 for Standard and Business accounts, and JMD $100 for Starter accounts.

1. How long does first global account verification take？

• Verification typically takes 1-3 business days.

1. Does first global offer demo accounts？

• Yes, first global provides demo accounts for practice trading.

1. Can I have multiple account types with first global？

• Yes, clients can hold multiple account types.

1. Does first global offer Islamic/swap-free accounts？

• Yes, Islamic accounts are available.

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

• Required documents include a government-issued photo ID and proof of residence.

1. Can I change my account type after registration？

• Yes, account type changes can be requested through customer support or the online portal.